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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

  • Reform is setting out to deceive
    on 25 February 2026 by Richard Murphy

    Richard Tice made abundantly clear yesterday where Reform's sympathies lie. The party exists to enhance the well-being of employers and landlords.  It exists to assist Read the full article...

  • Will Trump be stripped of his gains?
    on 25 February 2026 by Richard Murphy

    This is from the FT this morning, commenting on the State of the Union address, much of which was positioned so far into the realms Read the full article...

  • Last night, in Ely
    on 25 February 2026 by Richard Murphy

    Tom, who is both my younger son and a videographer, noticed it was an abnormally clear night here in Cambridgeshire last night. This was taken Read the full article...

  • Tomorrow night, in Norwich
    on 25 February 2026 by Richard Murphy

    I know that my event in Cambridge on Saturday is fully booked, but I am doing another one tomorrow evening in Norwich. It's not going Read the full article...

  • If capitalism is failing, does cooperation come next?
    on 25 February 2026 by Richard Murphy

    Can capitalism still organise society for the common good? That was the question I put to John Christensen. What we discovered is that the answer Read the full article...

More from Richard Murphy @ taxresearch.org.uk

Posts from Bill Mitchell – Modern Monetary Theory

  • A successful degrowth strategy will require a massive redistribution of income and wealth towards the poorest
    on 23 February 2026 by bill

    It is true that all big cities have areas of poverty that is visible from the streets. But I am always a bit shocked when I travel to London, where I am currently working, because the inequality is very obvious. As I work more on the degrowth, decolonisation project that I am currently involved in,…

  • Australian labour market – labour demand tracks labour supply – steady
    on 19 February 2026 by bill

    I am late today because I am writing this in London after travelling the last 24 hours. The Australian Bureau of Statistics (ABS) released the latest labour force data today (February 19, 2026) – Labour Force, Australia – for January 2026 – which showed that the labour market was essentially steady in that employment kept…

  • Actions by our governments are the opposite to what we require from them on climate change
    on 16 February 2026 by bill

    The US is now a rogue state. One example is the conduct of the US Health Secretary who has been working to destroy the scientific basis for health care since his appointment last year but exceeded his own hubris when he told a podcast on February 12, 2026 that “I’m not scared of a germ.…

  • Those who invoke the ‘Truss Moment’ should look at what is happening in Japan
    on 12 February 2026 by bill

    In the annals of ruses used to provoke fear in the voting public about government deficits, central bank currency issuance, and fiscal activism, the experience of Germany in the 1920s was a long-standing favourite, that could be wheeled out on demand and have immediate effect. Wheelbarrows full of money being pushed to the local bakery…

  • Upcoming London visit and public event details
    on 9 February 2026 by bill

    I will be working in the UK from February 19 to February 28, 2026. I have a range of activities mostly of a non-public nature ranging from meetings with publishers, a meeting with Jeremy Corbyn, and some other research-related meetings. I will also be speaking at the launch of the new Modern Monetary Theory (MMT)…

More Bill Mitchell @ billmitchell.org

Other Modern Money Theory Proponents

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