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
- Badenoch apologises for neoliberalism, saying it has failedon 17 January 2025 by Richard Murphy
As The Guardian noted yesterday: Kemi Badenoch has said the UK is getting poorer and people should be honest that it is failing to compete Read the full article...
- The Antidoteon 17 January 2025 by Richard Murphy
I regularly read a number of Substack commentaries, and dip into more. One who work I rest quite often is Dan Goyal, a doctor of Read the full article...
- When will Labour oust Rachel Reeves?on 17 January 2025 by Richard Murphy
Rachel Reeves says it is her pre-election promise – to balance the books – that Labour must deliver. But twenty other cabinet ministers also made Read the full article...
- We need at least a one per cent cut in base rates nowon 16 January 2025 by Richard Murphy
As the FT noted yesterday: The Bank of England may need to cut interest rates as many as five or six times over the coming Read the full article...
- Gaza: some memories cannot, and should not, be erasedon 16 January 2025 by Richard Murphy
We supposedly have a peace deal in Gaza. I don't suppose it is a fair deal. I can still hope it will hold. But I Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Episode 10 (S2) of the Smith Family Manga is now available – Coal Port Blockade but the progressives want to tax the richon 16 January 2025 by bill
Today (January 17, 2025), MMTed releases Episode 10 in the Second Season of our Manga series – The Smith Family and their Adventures with Money. Have a bit of fun with it while learning Modern Monetary Theory (MMT) and circulate it to those who you think will benefit. The Smith Family is a middle-class family…
- Australian labour market – employment continues to grow but it is all in part-time jobs – unemployment up a tickon 16 January 2025 by bill
Today (January 16, 2025), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for December 2024. Employment growth was relatively strong but concentrated on part-time employment, which suggests the quality of employment fell. Employment growth was also unable to keep pace with the underlying population growth and the rising participation rate…
- Fake news is not just the practise of the Righton 13 January 2025 by bill
The daily nonsense that economics journalists pump out in search of sales for their newspapers is nothing new and one would think I would be inured to it by now. But I still am amazed how the same old lies are peddled when the empirical world runs counter to the narratives. I know that the…
- Shifts in societal attitudes towards well-being mean that a degrowth strategy does not necessarily have to be political suicideon 9 January 2025 by bill
At the end of World War 2, the Western nations were beset with paranoia about what the USSR might be planning. The West had essentially relied on the Soviet armed forces to defeat the Nazis through their efforts on the Eastern front, after Hitler had launched – Operation Barbarossa – which effectively ended the –…
- Underlying inflation in Australia continues to declineon 8 January 2025 by bill
Today (November 27, 2024), the Australian Bureau of Statistics (ABS) released the latest – Monthly Consumer Price Index Indicator – for November 2024, which showed that the annual underlying inflation rate, which excludes volatile items continues to fall – from 3.5 per cent to 3.2 per cent. The overall CPI rate (including the volatile items)…
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)