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
- Tax, now
on 28 April 2026 by Richard MurphyAs The Guardian has noted this morning: The Iran war has helped BP to double its profits in the first quarter of this year, its latest financial Read the full article...
- Tony Blair’s assault on the anxious, depressed and those with ADHDon 28 April 2026 by Richard Murphy
To continue my theme of health, care and Labour's incoherence, already well established this morning, comments in the media forced me to look at a Read the full article...
- The risk from interest rate increaseson 28 April 2026 by Richard Murphy
As the FT reports this morning: The Bank of England is likely to keep interest rates steady this week even as it confronts the prospect Read the full article...
- Labour is ignoring the evidence on healthy life expectancyon 28 April 2026 by Richard Murphy
The Financial Times is reporting today that key Labour MPs are softening their opposition to another round of welfare cuts. This comes in the same Read the full article...
- Our declining healthy life expectancyon 28 April 2026 by Richard Murphy
The Health Foundation has published a report on healthy life expectancy in the UK that deserves far more attention than it is likely to receive. Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- My blog is on holiday todayon 27 April 2026 by bill
Today is a public holiday (ANZAC Day) where we remember the efforts of our past generations who fought in wars. This used to be a rather sombre day when some reflections were in order about the men and women who died ‘defending’ our nation. However, it is now a full-on, merch-driven, commercialised glorification of war…
- Robert Skidelsky death – some recollectionson 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 governmenton 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 presenton 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 7on 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…
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