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
- Why isn’t the “normal return” to work tax free?on 17 October 2024 by Richard Murphy
I have been asked to comment on the proposed reform of capital gains tax put forward by Dan Neidle, the lawyer who was formerly the Read the full article...
- What happens when the economy rejects young peole en masse?on 17 October 2024 by Richard Murphy
As if to reinforce the message in my video this morning, the FT has reported that: UK graduates face the stiffest competition for jobs on Read the full article...
- Reeves has now decided on her budget. The big question that’s left is will it be the only chance she ever gets to present one?on 17 October 2024 by Richard Murphy
If reports are true, the budget decisions have been concluded, and Rachel Reeves has sent her workings to the Office for Budget Responsibility for them Read the full article...
- Why aren’t young people working?on 17 October 2024 by Richard Murphy
Thirty-eight per cent of young people who could work are not doing so. They’re not lazy or indifferent. Nor have they dropped out. They just Read the full article...
- Clive Lewis’ Private Members’ Bill to give us real choice over the future of our wateron 16 October 2024 by Richard Murphy
My friend and fellow Green New Deal Group member, Clive Lewis MP, will be tabling a bill for the reform of the water industry in Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Australian labour market – positive shift in September 2024on 17 October 2024 by bill
Today (October 17, 2024), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for September 2024, which shows that the labour outlook shifted towards the positive in September 2024. Employment growth was above the year’s average and was biased towards the net creation of full-time jobs and underemployment fell. The unemployment…
- Video of Australian book launch of ‘Modern Monetary Theory: Bill and Warren’s Excellent Adventure’on 16 October 2024 by bill
It’s Wednesday and as usual I am writing about a few issues rather than providing a detailed analysis of a specific issue. Today, I publish the video of Australian launch of our new book – Modern Monetary Theory: Bill and Warren’s Excellent Adventure. I also comment on the current situation in the Middle East and…
- Kyoto Report 2024 – No 2on 15 October 2024 by bill
This Tuesday report will provide some insights into life for a westerner (me) who is working for an extended period at Kyoto University in Japan. Life is settling down here again – it always takes a week or so to put my Japanese shoes on so to speak and get used to the different sounds…
- The British government does not have to appease the financial marketson 14 October 2024 by bill
Sometimes one journalistic piece captures the problem facing those who are trying to change the economics narrative and promote an alternative framing that is ground in the reality of the system rather than one that serves to reinforce the dominant ideology of the elites. The opinion article by Larry Elliot in yesterday’s UK Guardian (October…
- More misery and dysfunction coming for France – as the fiscal rules biteon 10 October 2024 by bill
For all those Europhile progressives who have held out that reform is the way to deal with the neoliberalism of the European Union and even, in some cases, claimed that the austerity mindset was over (once the fiscal rules enshrined in the Stability and Growth Pact were temporarily suspended during the pandemic), the behaviour of…
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)