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.
Upcoming event: MMT Forum 2026, Fri 18 Dec, 9:30am – 6pm, ISH Venues, London
Posts from Richard Murphy at Tax Research UK
- Big business, neoliberalism and the media: an alignment meant to harm us allon 9 November 2026 by Richard Murphy
The FT published another article this morning that highlights a hopelessly inappropriate perspective on an issue. They report: The head of British Airways’ parent company Read the full article...
- Will the bubble burst?on 9 November 2026 by Richard Murphy
Stock markets in the Far East bounced back overnight, recovering some of the losses they made last week, as if, I can only presume, the Read the full article...
- Bastani meets Murphyon 9 November 2026 by Richard Murphy
As I noted yesterday, but repeat today since I have more to say now, Novara Media published my 2-hour 14-minute interview with Aaron Bastani yesterday. Read the full article...
- Understanding economics: Why work matterson 9 November 2026 by Richard Murphy
Why does work matter? And why does our economy so often fail to recognise the value of what people do? In this episode of Understanding Read the full article...
- Novara Media: The Richard Murphy interviewon 8 November 2026 by Richard Murphy
Novara Media has now published the interview recorded on Wednesday between Aaron Bastani and me. This is now available on YouTube, here: The interview is Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- My presentation in Tokyo (October 30, 2026) promoting a degrowth agendaon 9 November 2026 by bill
A UK Guardian editorial last week (November 3, 2026) – The Guardian view on Labour’s growth obsession: a different economics is possible – challenges the dominant obsession with achieving ever faster levels of GDP growth that, in part, is linked to the fictions advanced about fiscal capacity – viz, nations must have growth to generate…
- The RBA hikes again using spurious justifications – ideology triumphing over evidenceon 5 November 2026 by bill
Last week, the RBA hiked interest rates for the fifth time this year claiming that there were excess demand pressures in the economy and that unemployment had to rise further to bring demand back into line with supply. They talk about the information they get from their so-called ‘liaison’ groups but don’t disclose further information…
- Kyoto Report 2026 – 6on 3 November 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. This is my last report from Kyoto, Japan for 2026. My…
- The intersection of neoliberalism and traditional Japanese values – Part 3on 2 November 2026 by bill
One of the unsurprising but disturbing results of my enquiry into neoliberalism in Japan is the way the so-called ‘progressive’ side of politics has embraced the main tenets of neoliberalism. For a Westerner, Japanese politics is somewhat confounding and to understand what is going on, one must abandon the typical Left=Progressive/Right=Conservative dichotomy. In Japan, the…
- Seminar in Tokyo – Thursday, October 29, 2026on 28 October 2026 by bill
On Thursday, October 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…
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






