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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

  • Post-peak Farage
    on 16 February 2026 by Richard Murphy

    The Guardian has this headline this morning: UK far right lines up behind Rupert Lowe in challenge to Reform The subtitle is: MP who fell Read the full article...

  • What can we do about corruption?
    on 16 February 2026 by Richard Murphy

    I hit the corruption theme in The National this morning: As is my habit, the angle of approach in that article differs from what I Read the full article...

  • New glossary entry: Woke
    on 16 February 2026 by Richard Murphy

    “Woke” originally meant being alert to injustice, whether it be racism, inequality, exploitation, or the ways power harms those with the least protection. It has Read the full article...

  • Europe needs to wake up and be woke
    on 16 February 2026 by Richard Murphy

    Heath Cox Richardson's 'Letter from an American' is worth reading this morning, as it invariably is. As she noted: The Trump administration’s white nationalist project Read the full article...

  • Labour has outlived its usefulness
    on 16 February 2026 by Richard Murphy

    There were articles in The Guardian over the weekend that explained a great deal about Labour. First, there were these comments by Andy Beckett: The Read the full article...

More from Richard Murphy @ taxresearch.org.uk

Posts from Bill Mitchell – Modern Monetary Theory

  • Actions by our governments are the opposite to what we require from them on climate change
    on 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 Japan
    on 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 details
    on 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 genocide
    on 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 holders
    on 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…

More Bill Mitchell @ billmitchell.org

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