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
- Neoliberalism and the private sector are not the same thingon 1 November 2026 by Richard Murphy
I know Faiza Shaheen and respect her commitment to challenging the economic thinking that has done so much harm to the UK. But I disagree Read the full article...
- Can France really be a neoliberal state?on 1 November 2026 by Richard Murphy
How can France be neoliberal when its government spends 57% of GDP and maintains one of Europe’s largest welfare states? With protests taking place across Read the full article...
- Time offon 31 October 2026 by Richard Murphy
I took time to breathe deeply, look at the world, and think hard today. In this morning's deep fog, Jacqueline and I had coffee near Read the full article...
- I am nervous about next weekon 31 October 2026 by Richard Murphy
There were two big tech stories yesterday. One was the hacking of the Binance crypto exchange, with a possible loss of more than $6 billion. Read the full article...
- The crisis of care in this country is nothing like that which neoliberal politicians describeon 31 October 2026 by Richard Murphy
The background I wrote yesterday about the absurd, and wholly inappropriate, focus on what politicians call welfare costs, and which I call social security, on Read the full article...
Posts from Bill Mitchell – Modern Monetary Theory
- Seminar in Tokyo – Thursday, November 29, 2026on 28 October 2026 by bill
On Thursday, November 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…
- Kyoto Report 2026 – 5on 27 October 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. A seeming tyranny This bit is to be interpreted as a…
- The intersection of neoliberalism and traditional Japanese values – Part 2on 26 October 2026 by bill
Neoliberalism has scammed everyone. It told citizens that if we were liberated from government regulations and government control of enterprises that delivered essential services then we would attain the best possible outcomes that were available. A barrage of messaging from media companies blatantly serving the interests of capital and think tanks masquerading as independent research…
- The intersection of neoliberalism and traditional Japanese values – Part 1on 22 October 2026 by bill
In the West, particularly the English-speaking world, neoliberalism seemed to easily replace the collectivist values of the full employment era that followed the Second World War. It constructed a world where individualism was prioritised over society, even though it claimed that society (all of us) would be better off by pursuing our own greedy interests.…
- Kyoto Report 2026 – 4on 20 October 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. Signs I come across I had to go down into central…
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








