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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.

Posts from Richard Murphy at Tax Research UK

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Posts from Bill Mitchell – Modern Monetary Theory

  • RBA monetary policy decision defies logic
    on 6 November 2024 by bill

    Well, as I write this late in the Kyoto afternoon, Donald Trump has just made a victory speech after an incredible day of election outcomes unfolding. As I wrote last week, the only moral and reasonable position for a progressive to take in this election would be to vote for Jill Stein and send a…

  • Kyoto Report 2024 – 5
    on 5 November 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. 秋まつり – Sunday, November 3, 2024 The ‘event’ highlight of the week just gone was the – Aki Matsuri – or 秋まつり (Autumn Festival) last Sunday at the Buddhist –…

  • Government job creation programs deliver significant (net) long-term benefits
    on 4 November 2024 by bill

    On April 5, 1933, US President Roosevelt made an executive decision to create the – Civilian Conservation Corps (CCC) – which was a component of the suite of government programs referred to as the – New Deal – that defined the Federal government’s solution to the mass unemployment that arose during the early years of…

  • State of Climate 2024 Report signals worse is coming – like very nearly now
    on 31 October 2024 by bill

    This is my Wednesday blog post on a Thursday, given that I spent yesterday dealing with Australia’s latest CPI data release. So today I consider a range of topics in less detail, which is my usual Wednesday practice. Today, I comment on the latest ‘State of Climate 2024’ Report just released in Australia. I also…

  • Australia – inflation rate falling fast, the RBA has overcooked it again
    on 30 October 2024 by bill

    Today (October 30, 2024), the Australian Bureau of Statistics (ABS) released the latest – Consumer Price Index, Australia – for the September-quarter 2024. The data showed that the annual inflation rate rose by just 0.2 points in the quarter and has fallen to 2.9 per cent on an annual basis. The ABS also released the…

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