Latest updates for Modern Monetary Theory

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Recent items include:

  • My view on … modern monetary theory
  • Money isn’t the problem
  • There is no shortage of money

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taxresearch.org.uk /6 days ago

My view on … modern monetary theory

The Richard J Murphy YouTube Channel and  My View on … Modern Monetary Theory Richard J Murphy ________________ This post is part of an ongoing Read the full article...

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taxresearch.org.uk /1 week ago

Money isn’t the problem

People often ask me what difference Modern Monetary Theory (MMT) would actually make in practice. The surprising answer is that, in many respects, MMT already Read the full article...

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taxresearch.org.uk /1 month ago

There is no shortage of money

In this video, I challenge one of the most deeply embedded assumptions in modern economics: the idea that there is a shortage of money. The Read the full article...

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econbrowser.com /1 month ago

The Empirical Content of Money Base Monetarism

Chair Warsh’s focus on the Fed’s balance sheet and inflation can be interpreted in many ways. One way is a money base version of the Quantity Theory. Take the Quantity Theory as an...

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taxresearch.org.uk /5 days ago

MMT: another view

Many commentators here have asked for a different way to present ideas. What about this? And yes, AI was involved in this process. But the Read the full article...

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taxresearch.org.uk /2 weeks ago

Money

This is the fourth in a series of essays on the politics of care and economics of hope. The others are listed at the end of this Read the full article...

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billmitchell.org /1 month ago

Comment on Monetary policy is not fit for purpose by Kes

Neil recommends permanent ZIRP https://new-wayland.com/blog/interest-price-spiral/ “ The Myth# The standard line is this from the Bank of England when we raise Bank Rate,...

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taxresearch.org.uk /6 days ago

Government v bank money

This quote comes from Prof Jamie Galbraith's March 2010 article 'In defence of deficits'. The original is here.  I learned of it via William Thomson's Read the full article...

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taxresearch.org.uk /1 month ago

Debate Ammunition: Why neoliberals fear MMT

The Richard J Murphy YouTube Channel Debate Ammunition Why Neoliberals Fear MMT Funding the Future | June 2026 The Video The video that this Debate Read the full article...

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taxresearch.org.uk /3 weeks ago

Debate Ammunition: The MMT Source Book

The Richard J Murphy YouTube Channel Debate Ammunition The MMT Source Book Funding the Future | June 2026 Today’s topic Why you need the MMT Read the full article...

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taxresearch.org.uk /1 week ago

What is money? The argument based on logic

A few days ago I posted an explanation of economics, based on the logic of an if/then argument. It seemed to be popular. The aim Read the full article...

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billmitchell.org /1 month ago

Comment on Apparently the UK government is about to do the impossible – run out of sterling by mk

Part of the problem is if the modern money description was common knowledge regarding how the bond markets really function, the finance and business press would have less to talk a...

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econlib.org /4 weeks ago

Fiscal Dominance and the Politicization of Money

Fiscal Dominance and the Politicization of Money Much of the contemporary debate about monetary policy focuses on technical questions: whether reserves should be scarce or abundant...

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taxresearch.org.uk /3 weeks ago

Everything they told you about money is wrong

What if almost everything you’ve been told about government money is wrong? Most people are taught that governments must tax before they can spend, that Read the full article...

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taxresearch.org.uk /1 week ago

What is money, really?

Most discussions about economics begin with money. I think that’s a mistake. In this video, I explain why money is not the economy, why wealth Read the full article...

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billmitchell.org /1 month ago

Comment on Apparently the UK government is about to do the impossible – run out of sterling by Kes

Dear Bill, I have created an MMT primer: https://spaceecon.blogspot.com/2025/08/mmt-economics-primer.html?m=1 Could you please (don’t have to but could work with me) create...

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billmitchell.org /1 month ago

Comment on Monetary policy is not fit for purpose by Kazuhiro Goshima

I agree with the MMT proponents' assertion that "interest rates are a basic income for the rich." On the other hand, in Japan, the prevailing opinion is that the low interest rat...

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billmitchell.org /1 month ago

Comment on Monetary policy is not fit for purpose by Zid

Shouldn't foreign financial assets be considered a "luxury good" import and controlled accordingly?

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billmitchell.org /1 month ago

Comment on Monetary policy is not fit for purpose by Zid

@Peter Martin @Kazuhiro Goshima I think capital controls are a good choice for some countries. Portfolio preferences due to open capital flows can cause a currency (e.g. South K...

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taxresearch.org.uk /1 day ago

Infographic: Fiscal policy

Two of the terms least understood in economics are fiscal policy and monetary policy. This deals with one of them.

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realclearpolitics.com /1 month ago

Kevin Warsh and the Return of Monetarism

Warsh has described himself as a student of Milton Friedman, the famed economist who said in 1963 that "inflation is always and everywhere a monetary phenomenon." Those words captu...

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billmitchell.org /1 month ago

Comment on Monetary policy is not fit for purpose by Peter Martin

@ Kazuhiro Goshima <em> ' I agree with the MMT proponents’ assertion that “interest rates are a basic income for the rich.” ' </em> Yes, this has to be true over...

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taxresearch.org.uk /1 month ago

The UK can’t go bust

The Daily Telegraph claims that Britain’s £3 trillion national debt could lead to an IMF bailout. That sounds alarming. There’s just one problem with that Read the full article...

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taxresearch.org.uk /1 month ago

Richard Murphy’s Views On…Inflation

This post is one of an ongoing series explaining Richard Murphy's views on significant topics in economics, political economy, politics, taxation, and accounting. It should be read...

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Sources covering Modern Monetary Theory

econbrowser.com

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realclearpolitics.com

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taxresearch.org.uk

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billmitchell.org

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econlib.org

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