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
- We cannot solve the problems created by neoliberalism by tinkering at the edges
on 7 October 2026 by Richard MurphyAccording to Reuters: Inflation running above the Bank of England’s 2% target appears to have become embedded in the British economy and risks getting further Read the full article...
- Is France jettisoning neoliberalism?on 7 October 2026 by Richard Murphy
I watched a series of news broadcasts last night, all of which referred to what is now being called a polycrisis in France. As a Read the full article...
- Why are the Tories talking about inheritance tax?on 7 October 2026 by Richard Murphy
The Conservatives are using their party conference to put inheritance tax back at the centre of political debate. In this video, I question why Kemi Read the full article...
- Stupid headlines of our (Financial) Times
on 6 October 2026 by Richard MurphyThe FT has just published this headline: As stupid headlines go, that one does take some beating. The whole reason why the S&P 500 has Read the full article...
- Why are the Tories obsessed with inheritance tax?on 6 October 2026 by Richard Murphy
There is something quite extraordinary about the Conservative Party apparently deciding that cutting inheritance tax should be a centrepiece of its attempt to recover its Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Kyoto Report 2026 – 2on 6 October 2026 by bill
This weekly report will provide some insights into life for a westerner (me) who is working for an extended period at Kyoto University in Japan but who over the years of working here has increasingly began to understand the language and local cultural traditions. The weather is cooler than it has been and the last…
- Is a high-pressure economy strategy in Japan viable?on 5 October 2026 by bill
I am currently working on developing models that help evaluate the constraints on fiscal expansion in Japan arising from the ageing workforce in the construction sector. The current government under Ms. Takaichi is pursuing what they call a “responsible proactive fiscal policy” that aims to utilise large-scale public investment spending to crowd-in private investment expenditure…
- Kyoto Report 2026 – 1on 30 September 2026 by bill
This weekly report will provide some insights into life for a westerner (me) who is working for an extended period at Kyoto University in Japan but who over the years of working here has increasingly began to understand the language and local cultural traditions. For the next several weeks I am working once again at…
- RBA Monetary Policy Board member refutes on-going claims from the RBA governor about unemploymenton 27 September 2026 by bill
On September 22, 2026, a member of the Monetary Policy Board of the Reserve Bank of Australia (RBA) gave a speech – A Wage-price Spiral: What are the Chances? – at Melbourne University. The tenor of his presentation was that despite the constant recent claims about wages pressures emanating from a labour market that is…
- Australian labour market – full-time jobs decline as unemployment continues to riseon 24 September 2026 by bill
The labour market contraction that I have been signalling for the last two months continued in August. The Australian Bureau of Statistics (ABS) released the latest labour force data today (September 24, 2026) – Labour Force, Australia – for August 2026 – which showed that the labour market deteriorated further in August, in that full-time…
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