Welcome to MMT works

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

  • Have a good one
    on 18 April 2026 by Richard Murphy

    There is a lot going on in the world today, and I have an opinion on a lot of it, but when even a barista Read the full article...

  • Economic questions: the Naomi Klein question
    on 18 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 Read the full article...

  • Trump vs The Pope
    on 18 April 2026 by Richard Murphy

    Donald Trump is waging a war that will actively harm the poorest people on earth, and the world's political leaders are almost entirely silent in Read the full article...

  • Economic questions: the Joe Stiglitz question
    on 17 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 Read the full article...

  • The next Funding the Future event
    on 17 April 2026 by Richard Murphy

    I had hoped that we would, by now, have been able to announce the next Funding the Future event. We have been working quite hard Read the full article...

Posts from Bill Mitchell – Modern Monetary Theory

  • Australian labour market – largely stable but dark clouds present
    on 16 April 2026 by bill

    The Australian Bureau of Statistics (ABS) released the latest labour force data today (APRIL 16, 2026) – Labour Force, Australia – for March 2026 – which showed that the labour market steadied after last month’s contraction. While employment growth remained positive and was dominated by full-time work gains (as part-time employment fell), the fact that…

  • A structured approach for progressive political ambitions – Part 7
    on 13 April 2026 by bill

    This is Part 7 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…

  • A structured approach for progressive political ambitions – Part 6
    on 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 today
    on 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 5
    on 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…

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