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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

  • Recuperation
    on 3 July 2026 by Richard Murphy

    I would like to write more this morning. There are, in fact, two quite big posts sitting in draft. They will have to wait. Neither Read the full article...

  • What we are up against
    on 3 July 2026 by Richard Murphy

    The Spectator - the far-right rag edited by Lord Michael Gove, the man who did more to destroy English education and create the crisis among Read the full article...

  • Debate Ammunition: The small company corporation tax gap
    on 3 July 2026 by Richard Murphy

    THE RICHARD J MURPHY YOUTUBE CHANNEL DEBATE AMMUNITION THE SMALL COMPANY TAX GAP Funding the Future | July 2026 Today’s Topic The small company corporation Read the full article...

  • How to find £17 billion
    on 3 July 2026 by Richard Murphy

    Britain is constantly told there isn’t enough money. We’re told there isn’t enough to build council housing. Not enough to improve transport. Not enough to Read the full article...

  • Obsession
    on 2 July 2026 by Richard Murphy

    This is the sixth in a series of essays on the politics of care and economics of hope. The others are listed at the end of this Read the full article...

More from Richard Murphy @ taxresearch.org.uk

Posts from Bill Mitchell – Modern Monetary Theory

  • What the new British government needs to do to get the unions on side with climate action
    on 2 July 2026 by bill

    The recent extreme weather in the northern hemisphere, the twin monster tropical storms in Japan, the impending shutdown of the – Atlantic meridional overturning circulation (Amoc) – among other happenings is telling us that things are changing for the worse. Clearly long-term weather trends are open to interpretation because the available data is sketchy the…

  • Apparently the RBA has the interests of the unemployed it is putting out of work at heart. Not!
    on 29 June 2026 by bill

    Economics and business correspondents regularly serve as apologists for poor policy. Their motivation is to file a story and often they take the easy way out by paraphrasing press releases put out by some conservative think tank, or economist, or corporation without any critical scrutiny being applied and then masquerade their article as opinion. The…

  • Australian labour market – slight improvement after dismal results in April
    on 25 June 2026 by bill

    The Australian Bureau of Statistics (ABS) released the latest labour force data today (June 25, 2026) – Labour Force, Australia – for May 2026 – which showed that the labour market improved slightly in May after a poor showing in the April figures. However, there are now 10.2 per cent of available labour not being…

  • Replacing Starmer/Reeves with another captive of the finance sector will change nothing
    on 22 June 2026 by bill

    Successive governments in the UK – Labour and Tory – have pushed the nation to the brink where there is little capacity left for progressive policy. And I am not referring to Brexit. Rather, the elevation of the financial sector as a primary force in the economy, dating back really to the Callaghan Labour government…

  • Towards a progressive rebuttal of the far Right narratives
    on 18 June 2026 by bill

    I saw a clip from John Stewart’s Daily Show yesterday where he showed some Fox News commentators (I think) talking about how they hate ‘woke’ and how they now have to put up with public events featuring “half naked men” (their slight against the gay community). Stewart then showed the next clip – the cage…

More Bill Mitchell @ billmitchell.org

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