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 Greens, antisemitism and antiZionism
on 3 April 2026 by Richard MurphyI think this very interesting, and that not a lot more need be said:
- Once bittern….
on 3 April 2026 by Richard MurphyIt being a bank holiday, I spent the morning at the Wetland and Wildlife Trust reserve at Welney, and was well rewarded for my efforts. Read the full article...
- The space race is a meaningless ego-trip
on 3 April 2026 by Richard MurphyThis is in a New York Times newsletter this morning, and it seems entirely appropriate to share it here: A big space mission like Artemis Read the full article...
- The threat from Isreal and Iran
on 3 April 2026 by Richard MurphyI found this post on X particularly telling regarding the biases within the UK government. As is noted, the government has put the entire Iranian Read the full article...
- Scottish government bondson 3 April 2026 by Richard Murphy
This discussion took place at the recent Scottish Economics Festival: This is the transcript: Will: And now you’re aware of a report that I wrote Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- A structured approach for progressive political ambitions – Part 5on 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…
- The Manosphere fills a void created by neoliberalism which has been largely ignored by progressiveson 30 March 2026 by bill
Over the weekend just gone I took some time to watch the latest Louis Theroux documentary – Louis Theroux: Inside the Manosphere – which relates how far we have gone in reverse with attitudes that men hold towards women. This blog post is not intended to be a review of that film but rather my…
- New Green-linked report in Britain avoids the critical issueon 26 March 2026 by bill
I read a new Report this morning – Waste Not – that was published by a new unit in Britain called Verdant, which seems to have links to the England and Wales Green Party. The work is interesting and raises several issues that bear on how government fiscal policy should be assessed. The issues I…
- A structured approach for progressive political ambitions – Part 4on 23 March 2026 by bill
This is Part 4 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…
- Australian labour market – unemployment rises sharply – hard to reconcile with RBA’s excess demand claimon 19 March 2026 by bill
The Australian Bureau of Statistics (ABS) released the latest labour force data today (March 19, 2026) – Labour Force, Australia – for February 2026 – which showed that the labour market had gone backwards. While employment growth remained positive, full-time work fell. The participation rate rose, which in some situations indicates a positive outlook as…
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