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
- Anger is driving people towards the far right. Only care and hope can bring them back.
on 18 February 2026 by Richard MurphyThere is a question haunting British politics, which is why so many people are angry enough to look to the far right for solutions. This Read the full article...
- New glossary entry: the economics of hopeon 18 February 2026 by Richard Murphy
The antidote to the politics of destruction and the economics of failure is the economics of hope, the partner of the politics of care. It Read the full article...
- Economic questions: the Paul Samuelson questionon 18 February 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 been, Read the full article...
- First they came for the intellectualson 18 February 2026 by Richard Murphy
My concern about Rupert Lowe MP's Restore Britain polotical party dominated too much of my day yesterday. We made a video that reflected the sentiment Read the full article...
- Are we going to be a racist state?on 18 February 2026 by Richard Murphy
Rupert Lowe’s Restore Britain paper on mass deportations is not just about migration, although that is its toxic superficial focus. It is also about power, Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- 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…
- RBA bows to financial market pressure and boost bank profits at the expense of low-income mortgage holderson 5 February 2026 by bill
The Reserve Bank of Australia (RBA) increased the policy rate by 0.25 points on Tuesday and claimed that it was because the inflationary outlook was in danger of accelerating out of control as a result of excessive demand pressures. This followed last week’s CPI release which showed the December increase to be 0.96 points. When…
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