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
- A profoundly hostile world, where the odds are stacked in favour of a desperate fewon 13 June 2025 by Richard Murphy
It is another day where there is much more to say than there is time to do it in. Trump's actions in seeking to control Read the full article...
- Neoliberalism is consuming our well-beingon 13 June 2025 by Richard Murphy
As The Guardian has noted: Britain is on track to become a “National Health State” where half of all public spending is allocated to the Read the full article...
- You’ve got no money in the bankon 13 June 2025 by Richard Murphy
People still like to talk about having 'money in the bank'. But they haven't. They just have a bank statement from a bank, with a Read the full article...
- RIP Brian Wilsonon 12 June 2025 by Richard Murphy
A sound of my childhood, remembered with gratitude. RIP, Brian Wilson. What do I most remember about Beach Boys songs? The total incomprehension at where Read the full article...
- The Spending Review: a non-event that won’t meet any expectationon 12 June 2025 by Richard Murphy
The Spending Review dominated my day yesterday, and I went out for a long walk last night to forget all about it. Most of the Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- The arms race again – Part 2on 12 June 2025 by bill
This is the second part of my thoughts on the current acceleration in military spending around the world. The first part – The arms race again – Part 1 (June 11, 2025) – focused on background and discussed the concept of ‘military Keynesianism’. In this Part 2, I am focusing more specifically on the recent…
- The arms race again – Part 1on 11 June 2025 by bill
The Chair of the Finance Committee in the Irish Parliament invited me to make a submission to inform a – Scrutiny process of EU legislative proposals – specifically to discuss proposals put forward by the European Council to increase spending on defence. This blog post and the next (tomorrow) will form the basis of my…
- My blog is on holiday todayon 8 June 2025 by bill
Today is a public holiday in the parts of Australia that I live and I have travel commitments. So I’ll be back on Wednesday. What is this holiday about? Yes, it is deeply embarrassing but today is the King’s Birthday holiday in Australia that is meant to celebrate our glorious head of state, given that…
- Australia’s lowest paid workers get some real wage relief from the latest adjustment to the minimum wageon 5 June 2025 by bill
On June 3, 2025 Australia’s minimum wage setting authority – the Fair Work Commission (FWC) issued their decision in the – Annual Wage Review 2025 – which provides for wage increases for the lowest-paid workers – around 0.7 per cent of employees (around 88 thousand) in Australia. In turn, around 20.7 per cent of all…
- Australian National Accounts – GDP growth slows significantly – slipping towards recession under current policy settingson 4 June 2025 by bill
The Australian Bureau of Statistics released the latest – Australian National Accounts: National Income, Expenditure and Product, March 2025 – today (June 4, 2025), which shows that the Australian economy grew by just 0.2 per cent in the March-quarter 2025 (down from 0.6 per cent) and by just 1.3 per cent over the 12 months.…
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