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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.

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Posts from Richard Murphy at Tax Research UK

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Posts from Bill Mitchell – Modern Monetary Theory

  • Fugaku demonstrates the effectiveness of mask wearing and good ventilation in buildings
    on 20 November 2024 by bill

    It’s Wednesday and there are a few topics that caught my attention this week as well as some announcements. And to finish we have some great music. Big computing Fugaku or 富嶽 is the alternative name for Mount Fuji in Japan, that marvellous natural creation that rises south of Tokyo. Fugaku is also one of…

  • Kyoto Report 2024 – 7
    on 19 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. This is my final report for 2024 as my working time at the university is completed for another year and we will resume these reports in 2025 when I return.…

  • The dislocation between the PMC and the rest of the working class – Part 2
    on 18 November 2024 by bill

    I mentioned last week in this blog post – The dislocation between the PMC and the rest of the working class – Part 1 (November 11, 2024) – that I had been reading the 2021 book – Virtue Hoarders: The Case Against the Professional Managerial Class (published by Minneapolis: University of Minnesota Press) – written…

  • Episode 8 (S2) of the Smith Family Manga is now available – Insights from a Writers’ Festival
    on 14 November 2024 by bill

    Today (November 15, 2024), MMTed releases Episode 8 in the Second Season of our Manga series – The Smith Family and their Adventures with Money. Have a bit of fun with it while learning Modern Monetary Theory (MMT) and circulate it to those who you think will benefit. The Smith Family are a middle-class family…

  • Australian labour market – weaker and may now be falling in line with the weaker spending and GDP growth
    on 14 November 2024 by bill

    Today (November 14, 2024), the Australian Bureau of Statistics released the latest – Labour Force, Australia – for October 2024, which shows that employment growth was very weak and may signal that the labour market is finally slowing in line with overall spending and GDP growth. Employment growth failed to keep pace with the underlying…

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