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 that too much to hope for?
on 11 March 2026 by Richard MurphyI am tired. Tired of war. Tired of anger. Tired of death. Tired of lives lost. Tired of hope destroyed. Tired of unnecessary grief. Tired Read the full article...
- What should Rachel Reeves do now?on 11 March 2026 by Richard Murphy
War in the Middle East is already pushing oil prices higher, and that means inflation pressure in the UK will rise again. But this is Read the full article...
- The oil crisis is creating profits, not just shortageson 10 March 2026 by Richard Murphy
We have just published this short video on YouTube and many other channels. If you like it, please share it far and wide - because Read the full article...
- Prioritieson 10 March 2026 by Richard Murphy
Having just posted my note on moderation, and the need to change my work patterns, I think it’s only fair to add that I have Read the full article...
- The real cost of war
on 10 March 2026 by Richard MurphyThese were the headlines in a FT newsletter this morning: It is the ordering of these headlines that I find interesting. Financial markets come first. Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- A structured approach for progressive political ambitions – Part 2on 9 March 2026 by bill
This is the second part of a short series of briefing notes that arose out of discussions I had in London the week before last about how a progressive political party might want to break out of the shackles that the Labour Party has bound itself in with its obsession with fiscal rules and an…
- Australian national accounts – growth is up but mostly because of inventory buildup which will reverseon 5 March 2026 by bill
I finally arrived back home late last night, so I am catching up today. Part 2 of the series I started on Monday will appear next Monday. Yesterday (March 4, 2026), the Australian Bureau of Statistics (ABS) released the latest – Australian National Accounts: National Income, Expenditure and Product, December 2025. The data shows that…
- A structured approach for progressive political ambitions – Part 1on 2 March 2026 by bill
I am stuck in London courtesy of the terrorist policies of Donald Trump and his Israeli gang mates. I arrived at Heathrow on Saturday expecting to be home by last evening only to learn that all flights via Doha were indefinitely suspended. Big problem. I was lucky to find a hotel room at the airport…
- Inflation in Japan – invariant to monetary policy and be careful what you wish for (tourism)on 26 February 2026 by bill
I have been thinking about the recent inflation trajectory in Japan in the light of constant calls from mainstream economists (including a bevy of private bank economists who work for institutions that benefit from interest rate hikes) for the Bank of Japan to hike rates. What is driving CPI movements? What has been the impact…
- A successful degrowth strategy will require a massive redistribution of income and wealth towards the pooreston 23 February 2026 by bill
It is true that all big cities have areas of poverty that is visible from the streets. But I am always a bit shocked when I travel to London, where I am currently working, because the inequality is very obvious. As I work more on the degrowth, decolonisation project that I am currently involved in,…
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