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
- In the Echo Chamber: resilience in a wartime economy
on 22 April 2026 by Richard MurphyAs if one podcast were not enough for a morning, let me offer you a second one. On this occasion, I am the guest on Read the full article...
- The tedium of our politicson 22 April 2026 by Richard Murphy
I wrote yesterday about the incoherence of neoliberal politics. Waking rather too early this morning, as the sun was rising, another thought occurred to me. Read the full article...
- The Job Guarantee and MMT: A Conversation with Will Thompsonon 22 April 2026 by Richard Murphy
In this podcast, I speak with Will Thompson to explore one of the most important internal debates within Modern Monetary Theory. We agree on the Read the full article...
- What is next for the economic questions series?on 21 April 2026 by Richard Murphy
I have, this morning, published the last in the currently planned series of what I have called “economic questions”. A little reluctantly, and as a Read the full article...
- Economic questions: the Richard Murphy questionon 21 April 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 Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- A classic case of the Australian government denying that it is the Australian governmenton 20 April 2026 by bill
Most of the examples of fiscal austerity leave one puzzled as a result of the sheer myopia that is usually present – the ‘save a penny today to spend a dollar tomorrow’ sort of nonsense that history tells us repeats when governments try to reduce spending in areas that it should not. But sometimes one…
- Australian labour market – largely stable but dark clouds presenton 16 April 2026 by bill
The Australian Bureau of Statistics (ABS) released the latest labour force data today (APRIL 16, 2026) – Labour Force, Australia – for March 2026 – which showed that the labour market steadied after last month’s contraction. While employment growth remained positive and was dominated by full-time work gains (as part-time employment fell), the fact that…
- A structured approach for progressive political ambitions – Part 7on 13 April 2026 by bill
This is Part 7 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…
- A structured approach for progressive political ambitions – Part 6on 9 April 2026 by bill
This is Part 6 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…
- My blog is on holiday todayon 6 April 2026 by bill
It is a public holiday in Australia today and I decided that I would use the time, which is free of workplace-type interruptions, to finalise a major project that has an impending (very) deadline. So happy holidays to all not that the global events are anything to be very happy about.
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