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
- Do we succumb to the politics of might, or choose the politics of care?
on 18 January 2026 by Richard MurphyIt would be terribly convenient to suggest that Donald Trump is mad; that his breaches of international law can be ignored; that his threats of Read the full article...
- Why think about defence?on 18 January 2026 by Richard Murphy
There is a reason why I had to spend some time thinking about a potential European response to a threat from the USA over Greenland Read the full article...
- Can Europe rise to the US challenge?on 18 January 2026 by Richard Murphy
Recent statements by Trump’s regime in the USA concerning territorial claims on Greenland, backed now with threats of tariffs on all states that object to Read the full article...
- GDP doesn’t buy life expectancy
on 18 January 2026 by Richard MurphyWe’re constantly told that people in rich countries live longer and that GDP growth is therefore the route to health, well-being, and social progress. But Read the full article...
- Sharing time with a buzzard
on 17 January 2026 by Richard MurphyThere is just one bird that features in today's photos. It is a buzzard. I remember when they were not that common in East Anglia. Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Curbing the freedom of writers will not advance human rightson 15 January 2026 by bill
Today’s blog post is a little different to my usual posts because I am writing it as a writer rather than as an economist. I write tens of thousands of words every year and have done so for many years. People have asked me whether I enjoy spending my time in that way, given that…
- India’s employment guarantee sabotaged to the point of extinction by the neoliberal Narendra Modion 12 January 2026 by bill
I have closely followed the progress of India’s – Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) – since its inception on September 7, 2005. The scheme has been a major success in reducing rural poverty and providing income security to poor rural communities in India. It has also reduced the so-called ‘desperation migration’ from…
- Is there hope for a post neoliberal world?on 8 January 2026 by bill
I grew up in a society where collective will was at the forefront and it is true to say people looked out for each other. The state – at all levels – had various policy structures in place to provide levels of economic protection for the least advantaged members of society. Having grown up in…
- When contraction is called expansion – Japanese government styleon 5 January 2026 by bill
Well my holiday is over. Not that I had one! This morning we submitted the manuscript to the publisher for the Second Edition of our Macroeconomics text, which will come out later this year. Finishing a massive project like that is always non-linear – the last few months are hideous – checking everything and filling…
- My blog has gone on holidayson 25 December 2025 by bill
My blog is on holiday until Tuesday, January 6, 2026. We are planning to finish the manuscript for the Second Edition of our Macroeconomics textbook by year’s end and that is what I am working fervently on in the next week. I am also preparing for a conversation next week with the Post-Neoliberalism Oral History…
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
- Modern Monetary Theory by Brooke Clarke