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
- Thoughts on LAon 11 January 2025 by Richard Murphy
The fires in Los Angeles cannot be ignored. First, I express my heartfelt concern for those who have suffered, will suffer and will need to Read the full article...
- Regrets? I have a few, but then, too few to mentionon 11 January 2025 by Richard Murphy
I made this comment on the post just published on having achieved 100,000 YouTube followers, but then I thought a separate note on the events Read the full article...
- 100,000 and moreon 11 January 2025 by Richard Murphy
Please accept my apologies for a possible confusing headline. As some might have noticed, yesterday was a little busy here. 36,000 people called, after 33,000 Read the full article...
- What would Reform do about potholes?on 11 January 2025 by Richard Murphy
If Reform hasn't got a policy for potholes, frankly, it hasn't got a policy for anything else either. This is the audio version: This is Read the full article...
- Time outon 10 January 2025 by Richard Murphy
It was a day for an afternoon off. A lot has been done this week, and the blog has been a little demanding for the Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- 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)…
- Bank of Japan research refutes the main predictions made by economists about the impacts of large bond-buying programson 6 January 2025 by bill
Welcome to 2025. My blog recorded its 20th year of existence on December 24, 2024 which I suppose is something to celebrate. But when I look out the window and try to find optimism I fail. Who knows what the year holds and global uncertainty is dominating the narratives surrounding economic developments. We have a…
- My blog has gone on holidayson 29 December 2024 by bill
My blog is on holidays until Monday, January 6, 2025. While my blog is having a break I am catching up on various projects which I want to advance to finality in 2025. Our macroeconomics textbook will come out with a second edition in early 2026 and we are working on that now. I am…
- The Japanese government is investing heavily in high productivity sectors and revitalising regions in the processon 23 December 2024 by bill
Last week I noted in my review of the Australian government’s Mid-Year Economic and Financial Outlook (MYEFO) – Australian government announces a small shift in the fiscal deficit and it was if the sky was falling in (December 19., 2024) – that the forward estimates were suggesting the federal government’s fiscal deficit would be 1…
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)