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
- Mallards
on 21 February 2026 by Richard MurphyThis is not one of mine. Thomas edits photos better than I do. This is one of his from Welney this morning. Three mallards in Read the full article...
- The stranger’s case
on 21 February 2026 by Richard MurphyJust watch this. There is nothing to add. And I really do mean, please, just watch it.
- Labour fourth, the LibDems fifth and the Tories sixth: the times, they are a-changin’.
on 21 February 2026 by Richard MurphyAs The National reports this morning: Reform UK are set to become Holyrood’s second party as the SNP remains the dominant force in Scottish politics, according Read the full article...
- Yesterday, the USA took a step away from fascismon 21 February 2026 by Richard Murphy
There are moments when the institutions of law have to remind governments that they are not kings. Yesterday's Supreme Court ruling on the legality of Read the full article...
- New glossary entry: marketson 21 February 2026 by Richard Murphy
Markets are systems in which goods, services, labour, and financial assets are exchanged under rules that determine prices and terms of trade. They are not Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- 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.…
- Those who invoke the ‘Truss Moment’ should look at what is happening in Japanon 12 February 2026 by bill
In the annals of ruses used to provoke fear in the voting public about government deficits, central bank currency issuance, and fiscal activism, the experience of Germany in the 1920s was a long-standing favourite, that could be wheeled out on demand and have immediate effect. Wheelbarrows full of money being pushed to the local bakery…
- Upcoming London visit and public event detailson 9 February 2026 by bill
I will be working in the UK from February 19 to February 28, 2026. I have a range of activities mostly of a non-public nature ranging from meetings with publishers, a meeting with Jeremy Corbyn, and some other research-related meetings. I will also be speaking at the launch of the new Modern Monetary Theory (MMT)…
- Australian government aids and abets the view of a person implicated for inciting genocideon 9 February 2026 by bill
The Australian government has made an extraordinary decision to deeply divide the Australian community under the guise of advancing social cohesion and bringing us all together. How such a patently stupid political decision could be made by educated adults is beyond comprehension. Once again this is not one of my typical blog posts where 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