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 National: £20 for a yearon 22 September 2026 by Richard Murphy
In August, I mentioned that The National, for whom I write a regular column, had a sale on. Some people missed it, and now it Read the full article...
- Infographic: The arguments against MMTon 22 September 2026 by Richard Murphy
I am often asked to post the infographics separately, so I will: And: How to expand this image Press CTRL or Command and the Plus Read the full article...
- “If AI succeeds it may kill all of our jobs. If it fails, the whole economy falls apart”on 22 September 2026 by Richard Murphy
Every morning starts, for me, with a review of the many overnight emails that I receive, most of them from news organisations. There was a Read the full article...
- What critics get wrong about MMTon 22 September 2026 by Richard Murphy
Modern monetary theory, or MMT, is frequently attacked for supposedly saying that governments can print unlimited amounts of money, ignore inflation, abandon taxation, accumulate endless Read the full article...
- Scotland’s Economics Festival 2027on 21 September 2026 by Richard Murphy
I really enjoyed attending this festival this year. So, I thought I would give next year's an early plug. Right now, I am not speaking, Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- The failure of neoliberalism and the progressive failure to articulate that has engendered the rise of the far Righton 21 September 2026 by bill
On Sunday (September 20, 2026), the two state elections in Germany confirmed a trend that has been unfolding for some years in fact – the polarisation of politics in nations, and, in particular the legitimisation of far Right politicians espousing views that are not inconsistent with the views of the National Socialists in Germany in…
- The elaborate farce being played out between the Bank of England and the British Treasuryon 16 September 2026 by bill
As at September 9, 2026, the Bank of England held £489,026 million in British government gilts (bonds). Since the beginning of February 2022, the Bank has been steadily selling of the stock of gilts it purchased as part of its Asset Purchase Facility (APF) over the period March 11, 2009 to December 15, 2021. These…
- Is opposition to the AI development the new Ludditism?on 14 September 2026 by bill
In the early C19th, skilled English textile workers fearing for their future wage earning capacity launched a campaign against the automated machinery that was fast being introduced into the factory system. The initial protests in Nottingham in 1811 spread quickly to Yorkshire and Lancashire. They became known as the – Luddites – a self-appointed title…
- Is Keynesianism dead? Far from it – it provides the life support for a crisis-ridden capitalismon 10 September 2026 by bill
On September 28, 1976, then British PM gave an historic speech at the Annual Labour Party Conference held in Blackpool. The speech was written by his son-in-law, one Peter Jay, who himself was mired in scandals throughout his career. For example, the nepotism allegations after he was appointed British Ambassador to the US, his wife’s…
- Yen starts to appreciate again – as you were!on 7 September 2026 by bill
In recent months, the mainstream media commentators have been issuing increasing lurid predictions of how the ‘out of control’ fiscal situation in Japan is killing the yen and a full-scale currency crisis was imminent, after the yen moved across the ‘fabled’ 160 mark against the US dollar. What is ‘fabled’ about that threshold is anyone’s…
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










