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
- The job of government
on 25 March 2026 by Richard MurphyThe most honest line that I read in the media yesterday was this, from the New York Times: Regardless of your partisan lean, it’s safe Read the full article...
- Stay away from banks: they exist to exploit youon 25 March 2026 by Richard Murphy
Banks are not your friend. They exist to exploit you, and they will whenever they can. This is the audio version: Banks want to keep Read the full article...
- Economic questions: the Robert Nozick questionon 24 March 2026 by Richard Murphy
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been, Read the full article...
- Equality and the politics of careon 24 March 2026 by Richard Murphy
This post is a draft of an idea I have been working on. I deliberately flag that this is not the finished article as yet, Read the full article...
- Why your vote doesn’t counton 24 March 2026 by Richard Murphy
The UK claims to be a democracy. But under first-past-the-post, millions of votes simply do not count. In this video, I explain how our electoral Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- A structured approach for progressive political ambitions – Part 4on 23 March 2026 by bill
This is Part 4 of the short series of briefing notes that arose out of discussions I recently had in London about how a progressive political party might want to break out of the shackles that the British Labour Party has bound itself in with its obsession with fiscal rules and an adherence to the…
- Australian labour market – unemployment rises sharply – hard to reconcile with RBA’s excess demand claimon 19 March 2026 by bill
The Australian Bureau of Statistics (ABS) released the latest labour force data today (March 19, 2026) – Labour Force, Australia – for February 2026 – which showed that the labour market had gone backwards. While employment growth remained positive, full-time work fell. The participation rate rose, which in some situations indicates a positive outlook as…
- A structured approach for progressive political ambitions – Part 3on 15 March 2026 by bill
This is Part 3 of the short series of briefing notes that arose out of discussions I recently had in London about how a progressive political party might want to break out of the shackles that the Labour Party has bound itself in with its obsession with fiscal rules and an adherence to the fiscal…
- Interest rate hikes will not get ships moving through the Strait of Hormuz more quicklyon 12 March 2026 by bill
Regular readers will know that I hate the term NAIRU – or Non-Accelerating-Inflation-Rate-of-Unemployment – which is a concoction invented by mainstream economists to maintain unemployment at elevated levels (to keep the working class in its place) and give cover to central banks to run monetary policies that redistribute income from poor to rich. If you…
- A structured approach for progressive political ambitions – Part 2on 9 March 2026 by bill
This is the second part of a short series of briefing notes that arose out of discussions I had in London the week before last about how a progressive political party might want to break out of the shackles that the Labour Party has bound itself in with its obsession with fiscal rules and an…
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