What is Modern Money Theory (MMT)?
MMT describes how the economy works. Although MMT does not prescribe government policy, there are some “natural” consequences. Some MMT core points are below.
Posts from Richard Murphy at Tax Research UK
- Consider thison 28 July 2025 by Richard Murphy
Tom B. has written in the comments on this blog this morning: For anyone reading this and thinking this country has lost its soul, consider Read the full article...
- Starmer can’t save himself, but he might just help save some Palestinianson 28 July 2025 by Richard Murphy
As the Guardian reports: Keir Starmer will recall his cabinet from their summer break for an emergency meeting on the Gaza crisis this week as Read the full article...
- The wealthy are worriedon 28 July 2025 by Richard Murphy
The FT has this headline this morning: The article says: UK wealth managers have reported a surge in enquiries from affluent customers after weeks of Read the full article...
- Rethinking the bond markets: could they be radically reformed?on 28 July 2025 by Richard Murphy
I was a little surprised to find that I posted so much about bonds yesterday, because that was not my plan for the morning. However, Read the full article...
- The role of social media in economic reformon 28 July 2025 by Richard Murphy
Gary Stevenson put out a YouTube video yesterday in which he suggested that those who want to change the way in which our economy is Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- State level fire services need to be adequately funded – land tax hikes are necessary and progressiveon 28 July 2025 by bill
In my commissioned research activities, which are separate from the basic academic research that occupies most of my time, I come across interesting situations which bear on the way monetary systems operate and the type of constraints faced by different levels of government. In Australia, we have three levels of government: Federal (currency issuer), State…
- The Smith Family MMT Manga – Episode 2 for Season 3 is now availableon 24 July 2025 by bill
Season 3 of the – The Smith Family and their Adventures with Money – produced by MMTed continues today (July 24, 2025). Ryan lost his job in the recession and went to pieces, drinking too much and gambling the family funds away. Elizabeth kicked him out and now, with a new mission, he has asked…
- The report of the Special Envoy to Combat Antisemitism in Australia should be categorically rejected by governmenton 24 July 2025 by bill
In July 2024, as a knee jerk reaction to pressure being put on it by powerful lobby groups in Australia, the Federal Government created a Special Envoy to Combat Antisemitism. After it was pointed out that this seemed an odd creation, especially given that Australia has relatively strong racial discrimination and laws that protect freedom…
- Britain’s Leeds Reforms – jumping the shark comes to mindon 21 July 2025 by bill
Last week (July 15, 2025), the British Chancellor delivered the – Rachel Reeves Mansion House 2025 speech – which is an annual event where the Chancellor outlines the state of the economy and what the government is doing. Mansion House, London – is the official residence of London’s Lord Mayor and is located in the…
- Australian labour market – evidence is mounting of policy sabotage driving the unemployment rate upon 17 July 2025 by bill
The Australian Bureau of Statistics (ABS) released the latest labour force data today (July 17, 2025) – Labour Force, Australia – for June 2025, which reveals that finally, the slack that the combination of the fiscal austerity and the high interest rates has created is feeding into the labour market as employment growth slows and…
Other Modern Money Theory Proponents
Other MMT Discussion
- MMT For the British People (Facebook group)
- Modern Money Theory (MMT) Australia (Facebook group)
- Modern Money Theory Dank Meme Stash (Facebook group)
- Intro to MMT – Modern Monetary Theory (Facebook group)
- MMT Podcast (Christian Reilly) (Twitter)
- Activist #MMT, the podcast (Twitter)
- Money on the Left (Twitter) (Web site)
- MMT France (En français)
- Stephanie Kelton @ The Lens/Substack