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
- Who is going to gain from Rachel Reeves’ stability?
on 4 March 2026 by Richard MurphyI have already noted this morning that the growth forecast in the Office for Budget Responsibility's predictions, which were published yesterday, was a flat 2% Read the full article...
- And now the US is fighting in Ecuador
on 4 March 2026 by Richard MurphyIn case you had not noticed, this is a New York Times headline this morning: Trump promised the MAGA that he would not engage in Read the full article...
- Reform is predominantly comprised of racists
on 4 March 2026 by Richard MurphyI have often been told I must not assume that Reform voters are racist. In that context, I note this from The Guardian this morning: Read the full article...
- The insanity of war
on 4 March 2026 by Richard MurphyEveryone knows there was no legal justification for the war on Iran now being waged by Israel with active support from the US, and quiet Read the full article...
- Political economy at Cambridge – from the live eventon 4 March 2026 by Richard Murphy
Today's video is a little unusual. It is my opening presentation from Saturday's live event in Cambridge. It is the longest video we have ever Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- 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,…
- Australian labour market – labour demand tracks labour supply – steadyon 19 February 2026 by bill
I am late today because I am writing this in London after travelling the last 24 hours. The Australian Bureau of Statistics (ABS) released the latest labour force data today (February 19, 2026) – Labour Force, Australia – for January 2026 – which showed that the labour market was essentially steady in that employment kept…
- Actions by our governments are the opposite to what we require from them on climate changeon 16 February 2026 by bill
The US is now a rogue state. One example is the conduct of the US Health Secretary who has been working to destroy the scientific basis for health care since his appointment last year but exceeded his own hubris when he told a podcast on February 12, 2026 that “I’m not scared of a germ.…
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