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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.

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Posts from Richard Murphy at Tax Research UK

  • PFI is back – and it will be at cost to us all
    on 9 September 2025 by Richard Murphy

    The FT has reported this morning that: The government has sounded out private finance investors about backing up to 200 neighbourhood health centres, in a Read the full article...

  • Labour’s seediness
    on 9 September 2025 by Richard Murphy

    As Politico notes this morning: Pictures of Peter Mandelson were published in the alleged “birthday book” compiled for Jeffrey Epstein. Files handed to the U.S. Read the full article...

  • Ingredient parents
    on 9 September 2025 by Richard Murphy

    I was amused to be told yesterday by Thomas, my younger son and videographer, that I was apparently what his generation describes as an “ingredient Read the full article...

  • There is political opportunity on the left at present
    on 9 September 2025 by Richard Murphy

    This chart is in The Guardian this morning: What it shows is that Labour is losing many more votes to left-wing parties than it is Read the full article...

  • Lessons from prime ministers
    on 9 September 2025 by Richard Murphy

    The headlines section of The Guardian is covered by the suggestion that Boris Johnson profited, quite deliberately, from his period in office as Prime Minister. What surprises Read the full article...

More from Richard Murphy @ taxresearch.org.uk

Posts from Bill Mitchell – Modern Monetary Theory

  • Some discussion about taxation
    on 8 September 2025 by bill

    Over the weekend, I was a presenter at a Fabian’s Society meeting which sought input on ‘alternative taxation policies’ under the general tenet of the need for the Australian government to raise revenue to ensure a socially just society. The other presenter was John Quiggin and I think we provided a good complementarity for the…

  • Recent podcast and some thoughts on trade
    on 4 September 2025 by bill

    I don’t have much time today as I am travelling a lot in the next few days for various work commitments. But recently I did a podcast for Real Progressives in the US about trade and the external economy. I started the discussion with an interesting quote that I will reproduce here. Regular readers will…

  • Australia national accounts – stronger economic growth in June-quarter 2025
    on 3 September 2025 by bill

    The Australian Bureau of Statistics released the latest – Australian National Accounts: National Income, Expenditure and Product, March 2025 – today (September 3, 2025), which shows that the Australian economy grew by 0.6 per cent in the June-quarter 2025 (up from 0.2 per cent) and by 1.8 per cent (up from 1.3) over the 12…

  • The struggles to teach political economy and the aftermath – we all lost
    on 1 September 2025 by bill

    I started my undergraduate studies in economics in the late 1970s after starting out as an Arts student in the early 1970s studying philosophy, politics, history, anthropology and statistics. The Vietnam War movement and other things interrupted my first years of studies and it wasn’t until the Federal government introduced the National Employment and Training…

  • The Smith Family MMT Manga – Episode 3 for Season 3 is now available
    on 29 August 2025 by bill

    Episode 3 in the third season of our Modern Monetary Theory (MMT) manga – The Smith Family and their Adventures with Money – produced by MMTed is now available (August 29, 2025). The Smith Family is a middle-class family living in a city somewhere in the world. The second-generation parents are university educated and have…

More Bill Mitchell @ billmitchell.org

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