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
- Is the London Stock Exchange irrelevant now?
on 7 August 2026 by Richard MurphyAs rarely as looking at a stopped clock when it is telling the right time, the Daily Telegraph does sometimes have an interesting message to Read the full article...
- Medicine, autonomy, urgency and the politics of care
on 7 August 2026 by Richard MurphyMy recent hopes that my kidney stone had gone away have turned out to be misplaced. My latest tests show that I do, in fact, Read the full article...
- Infographic: MMT
on 7 August 2026 by Richard MurphyI should stress that, as with all infographics, the views expressed reflect my work and not necessarily those of others. The above infographic replaces an Read the full article...
- Debate Ammunition: Is Corporate Power Losing Its Grip on Politics?on 7 August 2026 by Richard Murphy
THE RICHARD J MURPHY YOUTUBE CHANNEL DEBATE AMMUNITION Is Corporate Power Losing Its Grip on Politics? Funding the Future | August 2026 Topic Whether the Read the full article...
- Is corporate power losing its grip on politics?on 7 August 2026 by Richard Murphy
Has corporate money begun to lose its grip on American politics? In this video, I examine the extraordinary result of the Michigan Democratic Senate primary, Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Japan’s proposed investment boost will not run out of yenon 5 August 2026 by bill
The prophets of doom (Japan division) are back in town predicting the worst for the country. The UK Guardian even is getting in on the act (July 25, 2026) – Can Japan avoid a Liz Truss-style shock as its PM embarks on a giant spending spree?. It is interesting now that the prophets have a…
- A shift to fiscal surplus in Australia would amount to a criminal act by governmenton 3 August 2026 by bill
The former head of the Australian Treasury claims that: “Everybody knows the budget should be in surplus right now.” Well last time I checked I was still part of the body of humanity and I don’t know that. In fact, the fiscal balance is currently recording a deficit (which should be referred to as a…
- RBA governor makes another self-serving public presentation ignoring the dismal reality she is helping to createon 30 July 2026 by bill
Earlier this week (July 28, 2026), the Governor of the Reserve Bank of Australia presented to a fundraising event in Sydney on the topic of – Monetary Policy in an Era of Shocks. Later she conducted a Q&A session where she declined to answer key questions about the policy choices the RBA has taken under…
- Another neoliberal institution shown to be unfit for purpose while lining the pockets of private equity and millionaireson 27 July 2026 by bill
Over the last several years, I have been indicating that I think we are in the endgame for neoliberalism as a dominant ideology. On many fronts, the signs are that its institutional structure has failed and the promises that justified that structure have not materialised. I know there is a difference between the promises to…
- Australian labour market – shifts towards part-time work perhaps the first signal that a contraction is comingon 23 July 2026 by bill
The Australian Bureau of Statistics (ABS) released the latest labour force data today (July 23, 2026) – Labour Force, Australia – for June 2026 – which provided mixed signals about the state of the labour market. While employment growth was positive, it was biased to part-time work, which is perhaps signalling a weakening as 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