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
- New glossary entry: The politics of hate
on 17 February 2026 by Richard MurphyThe term the politics of hate describes the deliberate use of fear, resentment, and division to win and hold power. It works by persuading people Read the full article...
- Don’t doubt it: fascism has support in the UK
on 17 February 2026 by Richard MurphyIn light of my piece published this morning on Rupert Lowe's Restore Britain and its profoundly racist and toxic views, this opinion poll's findings are Read the full article...
- Rupert Lowe’s challenge is real: Do we want a politics of care, or of hate?on 17 February 2026 by Richard Murphy
A commentator here drew my attention last night to a new policy paper from the Restore Britain group that has been launched by former Reform Read the full article...
- New glossary entry: microeconomicson 17 February 2026 by Richard Murphy
Microeconomics is the study of how individual economic agents, whether they be households, firms, workers, consumers, organisations, or governments (in some of their roles), make Read the full article...
- Why do politicians really attack “woke” ideas?on 17 February 2026 by Richard Murphy
“Woke” once meant awareness of injustice. Now it is used to mock compassion. This video explains how culture-war language protects wealth and power, and why Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Actions by our governments are the opposite to what we require from them on climate changeon 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 Japanon 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 detailson 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)…
- Australian government aids and abets the view of a person implicated for inciting genocideon 9 February 2026 by bill
The Australian government has made an extraordinary decision to deeply divide the Australian community under the guise of advancing social cohesion and bringing us all together. How such a patently stupid political decision could be made by educated adults is beyond comprehension. Once again this is not one of my typical blog posts where I…
- RBA bows to financial market pressure and boost bank profits at the expense of low-income mortgage holderson 5 February 2026 by bill
The Reserve Bank of Australia (RBA) increased the policy rate by 0.25 points on Tuesday and claimed that it was because the inflationary outlook was in danger of accelerating out of control as a result of excessive demand pressures. This followed last week’s CPI release which showed the December increase to be 0.96 points. When…
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