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
- Let’s be clear: Starmer is a racist too
on 2 October 2025 by Richard MurphyStarmer tried to look tough by calling Reform's policies racist this week. I have already noted their backlash this morning. But let's also be clear, Read the full article...
- Economic questions: The J K Galbraith questionon 2 October 2025 by Richard Murphy
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might Read the full article...
- Will it be women who fight tyranny?on 2 October 2025 by Richard Murphy
I did an interview with New York–based finance podcast host Jack Farley yesterday. He had done his research, and the discussion was good. I will Read the full article...
- The Telegraph is right: Reeves should not increase taxes on lower and average income earnerson 2 October 2025 by Richard Murphy
The Telegraph can hardly contain its excitement about the forthcoming Tory conference as this week progresses, and as a result, it is doing all it Read the full article...
- Are politicians all the same, as people would have it?on 2 October 2025 by Richard Murphy
Are all our major political parties now the same? Labour, Conservatives, the Lib Dems, and even Reform are united by one ideology: neoliberalism. Fiscal rules, Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- My current number one candidate for the worst economics article of the yearon 2 October 2025 by bill
Unfortunately, the so-called progressive UK Guardian has an Australian economics editor who is anything but if his economic analysis is anything to go by. The economic news for this week started with the release of the – Final Budget Outcome – (FBO) for the 2024-25 fiscal year for the Federal government (released September 29, 2025).…
- Kyoto Report 2025 – 2on 30 September 2025 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 but who over the years of working here has increasingly began to understand the language and local cultural traditions The beautiful Kamo river Out running early yesterday, after a stormy…
- Argentina entering the usual doom loop that austerity inevitably createson 29 September 2025 by bill
‘A picture is worth a thousand words’ is an old adage, which means that some image can express a very complex message more quickly than a written tract – of the sort that will follow in this blog post. At the Spring 2025 meetings of the IMF in Washington, the IMF boss Kristalina Georgieva was…
- Bank of Japan’s ETF sell-off is a sideshowon 25 September 2025 by bill
On September 19, 2025, the Bank of Japan issued its latest – Statement on Monetary Policy – where they announced that there would be no change in the overnight call rate (the policy rate). However, they also announced that they would begin selling off their holdings of exchange-traded funds (ETFs) and Japan real estate investment…
- Kyoto Report 2025 – 1on 23 September 2025 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 but who over the years of working here has increasingly began to understand the language and local cultural traditions. Well this week I am back in Japan. For the last…
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