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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.

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Posts from Richard Murphy at Tax Research UK

  • The Finance Curse Film is coming
    on 29 October 2026 by Richard Murphy

    I have this press release to share on the final release of the Finance Curse film, which has been on its way for some time Read the full article...

  • Has the Google bubble burst?
    on 29 October 2026 by Richard Murphy

    I was planning to spend time this morning looking at the Office for Budget Responsibility projections for the UK economy, issued yesterday in association with Read the full article...

  • The budget: my reaction
    on 29 October 2026 by Richard Murphy

    It is very hard to explain just how bad yesterday’s Budget was, in terms of having nothing to say, in terms of its presentation, and Read the full article...

  • What didn’t the Budget say?
    on 29 October 2026 by Richard Murphy

    John Healey has delivered his first Budget as Chancellor under Andy Burnham’s government, and after reflecting on what he said, I have reached a depressing Read the full article...

  • Healey’s Budget Disaster
    on 28 October 2026 by Richard Murphy

    John Healey’s Budget, delivered today, was a disaster. It was dull; he had nothing of consequence to say, and he showed no inclination to take Read the full article...

More from Richard Murphy @ taxresearch.org.uk

Posts from Bill Mitchell – Modern Monetary Theory

  • Seminar in Tokyo – Thursday, November 29, 2026
    on 28 October 2026 by bill

    On Thursday, November 29, 2026, I will be giving a presentation in Tokyo. The title of the seminar is: “The Need for and Feasibility of a ‘High-Pressure Economy: Determining Appropriate Levels of Investment in Light of Construction Sector Capacity'”. Read on for the details of how you can join via the live stream. The seminar…

  • Kyoto Report 2026 – 5
    on 27 October 2026 by bill

    This weekly report will provide some insights into life for a westerner (me) who is working for an extended period at Kyoto University in Japan but who over the years of working here has increasingly began to understand the language and local cultural traditions. A seeming tyranny This bit is to be interpreted as a…

  • The intersection of neoliberalism and traditional Japanese values – Part 2
    on 26 October 2026 by bill

    Neoliberalism has scammed everyone. It told citizens that if we were liberated from government regulations and government control of enterprises that delivered essential services then we would attain the best possible outcomes that were available. A barrage of messaging from media companies blatantly serving the interests of capital and think tanks masquerading as independent research…

  • The intersection of neoliberalism and traditional Japanese values – Part 1
    on 22 October 2026 by bill

    In the West, particularly the English-speaking world, neoliberalism seemed to easily replace the collectivist values of the full employment era that followed the Second World War. It constructed a world where individualism was prioritised over society, even though it claimed that society (all of us) would be better off by pursuing our own greedy interests.…

  • Kyoto Report 2026 – 4
    on 20 October 2026 by bill

    This weekly report will provide some insights into life for a westerner (me) who is working for an extended period at Kyoto University in Japan but who over the years of working here has increasingly began to understand the language and local cultural traditions. Signs I come across I had to go down into central…

More Bill Mitchell @ billmitchell.org

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