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
- The economic shocks to come
on 10 April 2026 by Richard MurphySteve Keen and I had a conversation yesterday. It will be out as a podcast very soon. What characterised it above all else was the Read the full article...
- Why has the US had to beg for peace with Iran?on 10 April 2026 by Richard Murphy
The United States did not start peace negotiations with Iran because diplomacy prevailed. It did so because it had no choice. It is running out Read the full article...
- The stock market increases inequality, not wealthon 9 April 2026 by Richard Murphy
Those who peddle narratives that have little relevance to reality about the benefits of supposed saving in UK stock exchange-based shares and securities are back Read the full article...
- The fat lady has not sung as yet
on 9 April 2026 by Richard MurphyThe media has been providing some, what feels like far from complete, insights into the claims and counterclaims about the Iran peace deal, and the Read the full article...
- Economic questions: the Mariana Mazzucato questionon 9 April 2026 by Richard Murphy
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been, Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- A structured approach for progressive political ambitions – Part 6on 9 April 2026 by bill
This is Part 6 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…
- My blog is on holiday todayon 6 April 2026 by bill
It is a public holiday in Australia today and I decided that I would use the time, which is free of workplace-type interruptions, to finalise a major project that has an impending (very) deadline. So happy holidays to all not that the global events are anything to be very happy about.
- A structured approach for progressive political ambitions – Part 5on 2 April 2026 by bill
This is Part 5 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…
- The Manosphere fills a void created by neoliberalism which has been largely ignored by progressiveson 30 March 2026 by bill
Over the weekend just gone I took some time to watch the latest Louis Theroux documentary – Louis Theroux: Inside the Manosphere – which relates how far we have gone in reverse with attitudes that men hold towards women. This blog post is not intended to be a review of that film but rather my…
- New Green-linked report in Britain avoids the critical issueon 26 March 2026 by bill
I read a new Report this morning – Waste Not – that was published by a new unit in Britain called Verdant, which seems to have links to the England and Wales Green Party. The work is interesting and raises several issues that bear on how government fiscal policy should be assessed. The issues I…
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