Welcome to MMT works

MMT coin

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.

More posts at mmt.works…

Posts from Richard Murphy at Tax Research UK

  • Labour’s toxic racism
    on 26 April 2026 by Richard Murphy

    I note this from this morning's National newspaper in Scotland: NEW research has suggested that the UK Government’s planned changes to immigration and settlement rules risk Read the full article...

  • Clear thinking, peaceful sanctions, and deliberate messaging are required no
    on 26 April 2026 by Richard Murphy

    There is news as I write this morning that Donald Trump might have been subject to a shooting incident last night, but the details are unclear, Read the full article...

  • Israel is a rogue state
    on 26 April 2026 by Richard Murphy

    Israel is a rogue state. Its wars in Gaza, the West Bank, Lebanon, and Iran have no justification in international law. More than 70,000 civilians Read the full article...

  • Off
    on 25 April 2026 by Richard Murphy

    Having posted this morning’s video, I am now taking the day off. Some of the Funding the Future team will be at a national model Read the full article...

  • A financial crash is coming
    on 25 April 2026 by Richard Murphy

    The FTSE 100 and S&P 500 are near record highs. The real economy is deteriorating. And the Bank of England's Deputy Governor for Financial Stability, Read the full article...

More from Richard Murphy @ taxresearch.org.uk

Posts from Bill Mitchell – Modern Monetary Theory

  • Robert Skidelsky death – some recollections
    on 23 April 2026 by bill

    The biographer of Keynes in three volumes – Robert Skidelsky – died on April 15, 2026 at the age of 84. As I explain below, Skidelsky was what we consider to be a mainstream ‘deficit dove’, who are Keynesian and Post Keynesian economists that are comfortable with using fiscal deficits to increase economic activity when…

  • A classic case of the Australian government denying that it is the Australian government
    on 20 April 2026 by bill

    Most of the examples of fiscal austerity leave one puzzled as a result of the sheer myopia that is usually present – the ‘save a penny today to spend a dollar tomorrow’ sort of nonsense that history tells us repeats when governments try to reduce spending in areas that it should not. But sometimes one…

  • Australian labour market – largely stable but dark clouds present
    on 16 April 2026 by bill

    The Australian Bureau of Statistics (ABS) released the latest labour force data today (APRIL 16, 2026) – Labour Force, Australia – for March 2026 – which showed that the labour market steadied after last month’s contraction. While employment growth remained positive and was dominated by full-time work gains (as part-time employment fell), the fact that…

  • A structured approach for progressive political ambitions – Part 7
    on 13 April 2026 by bill

    This is Part 7 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…

  • A structured approach for progressive political ambitions – Part 6
    on 9 April 2026 by bill

    This is Part 6 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…

More Bill Mitchell @ billmitchell.org

Other Modern Money Theory Proponents

Other MMT Discussion

Accessibility Toolbar