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Learn Modern Monetary Theory (MMT) economics so you can help change the world for the better. https://mmt101.substack.com
1. Interest rates, reserves, and an explanation of the ‘natural’ zero rate
In this post I examine the MMT maxim encapsulated in the phrase, ‘the natural interest rate is zero’.
In this post I examine the MMT maxim encapsulated in the phrase, ‘the natural interest rate is zero’.
January 19, 2026 at 9:20 AM
1. Interest rates, reserves, and an explanation of the ‘natural’ zero rate
In this post I examine the MMT maxim encapsulated in the phrase, ‘the natural interest rate is zero’.
In this post I examine the MMT maxim encapsulated in the phrase, ‘the natural interest rate is zero’.
Reposted by MMT101.ORG
January 18, 2026 at 4:20 PM
Reposted by MMT101.ORG
Money on the Left is proud to publish a remastered version of our third episode with Fadhel Kaboub, now with a new transcript and art.
moneyontheleft.org/2025/09/02/t...
moneyontheleft.org/2025/09/02/t...
January 18, 2026 at 1:47 PM
Money on the Left is proud to publish a remastered version of our third episode with Fadhel Kaboub, now with a new transcript and art.
moneyontheleft.org/2025/09/02/t...
moneyontheleft.org/2025/09/02/t...
January 18, 2026 at 4:20 PM
MMT101 is for people who believe we can build a fairer, greener world by understanding how our monetary system works.
Subscribe now: tinyurl.com/yw6tmntp
Subscribe now: tinyurl.com/yw6tmntp
Subscribe to MMT101.ORG - Learn Modern Monetary Theory (MMT)
For people who believe we can build a fairer, greener world by understanding how our monetary system works. Click to read MMT101.ORG - Learn Modern Monetary Theory (MMT), by Jim Byrne - MMT101.ORG, a ...
tinyurl.com
January 16, 2026 at 1:07 PM
MMT101 is for people who believe we can build a fairer, greener world by understanding how our monetary system works.
Subscribe now: tinyurl.com/yw6tmntp
Subscribe now: tinyurl.com/yw6tmntp
1. Schumpeter supported the credit theory of money
Schumpeter supported what is known as the credit theory of money. That is, banks do not lend out pre-existing savings. Instead, when banks lend, they create new money.
Schumpeter supported what is known as the credit theory of money. That is, banks do not lend out pre-existing savings. Instead, when banks lend, they create new money.
January 16, 2026 at 9:28 AM
1. Schumpeter supported the credit theory of money
Schumpeter supported what is known as the credit theory of money. That is, banks do not lend out pre-existing savings. Instead, when banks lend, they create new money.
Schumpeter supported what is known as the credit theory of money. That is, banks do not lend out pre-existing savings. Instead, when banks lend, they create new money.
Reposted by MMT101.ORG
"Since MMT is 'only' a theory of money, it is connectable in all directions" Economist Dirk Ehnts
January 13, 2026 at 2:00 PM
"Since MMT is 'only' a theory of money, it is connectable in all directions" Economist Dirk Ehnts
Reposted by MMT101.ORG
I recommend 'Modern Money Theory: A Simple Guide to the Monetary System' - for many more words on the matter. This is a quote from that book. www.amazon.co.uk/Modern-Money...
Modern Money Theory: A Simple Guide to the Monetary System (Professional Practice in Governance and Public Organizations): Amazon.co.uk: Ehnts, Dirk: 9783031535369: Books
Buy Modern Money Theory: A Simple Guide to the Monetary System (Professional Practice in Governance and Public Organizations) 2024 by Ehnts, Dirk (ISBN: 9783031535369) from Amazon's Book Store. Everyd...
www.amazon.co.uk
January 13, 2026 at 8:26 PM
I recommend 'Modern Money Theory: A Simple Guide to the Monetary System' - for many more words on the matter. This is a quote from that book. www.amazon.co.uk/Modern-Money...
1. Schumpeter replaced the idea of a money-free “real” economy with social accounting
In orthodox economics, the “real economy” refers to an imagined economy stripped of money. Schumpeter rejected this imagined money-free economy and replaced it with what he called
In orthodox economics, the “real economy” refers to an imagined economy stripped of money. Schumpeter rejected this imagined money-free economy and replaced it with what he called
January 15, 2026 at 9:36 AM
1. Schumpeter replaced the idea of a money-free “real” economy with social accounting
In orthodox economics, the “real economy” refers to an imagined economy stripped of money. Schumpeter rejected this imagined money-free economy and replaced it with what he called
In orthodox economics, the “real economy” refers to an imagined economy stripped of money. Schumpeter rejected this imagined money-free economy and replaced it with what he called
"Since MMT is 'only' a theory of money, it is connectable in all directions" Economist Dirk Ehnts
January 13, 2026 at 2:00 PM
"Since MMT is 'only' a theory of money, it is connectable in all directions" Economist Dirk Ehnts
Reposted by MMT101.ORG
LABOUR SHORTCHANGES SCOTLAND BY £800 MILLION
Labour is short changing Scotland Yesterday, the UK Labour Government announced its Local Growth Fund. Despite having a smaller population they have allocated £547 million to Wales whilst allocating £140 million to Scotland.👇
Labour is short changing Scotland Yesterday, the UK Labour Government announced its Local Growth Fund. Despite having a smaller population they have allocated £547 million to Wales whilst allocating £140 million to Scotland.👇
January 13, 2026 at 12:12 PM
LABOUR SHORTCHANGES SCOTLAND BY £800 MILLION
Labour is short changing Scotland Yesterday, the UK Labour Government announced its Local Growth Fund. Despite having a smaller population they have allocated £547 million to Wales whilst allocating £140 million to Scotland.👇
Labour is short changing Scotland Yesterday, the UK Labour Government announced its Local Growth Fund. Despite having a smaller population they have allocated £547 million to Wales whilst allocating £140 million to Scotland.👇
Reposted by MMT101.ORG
The Scandalous union 'dividend' to Scotland. No ferry routes to Europe! www.fastmailcdn.com/proxy/aHR0cH...
January 13, 2026 at 12:14 PM
The Scandalous union 'dividend' to Scotland. No ferry routes to Europe! www.fastmailcdn.com/proxy/aHR0cH...
Reposted by MMT101.ORG
"It is hardly surprising that Polanski faces resistance both within and beyond his own party; it has been clear from the start of his leadership that he rejects the narrow terms of the economic debate that have dominated British politics for over four decades."
Zack Polanski’s Bold Politics Requires an Even Bolder Economic Vision: The Case for Democratic Public Finance
by Rob Hawkes The Green Party of England and Wales is attracting new members in unprecedented numbers and achieving polling percentages that would have seemed impossible a year ago. However, tensio…
moneyontheleft.org
January 13, 2026 at 12:15 PM
"It is hardly surprising that Polanski faces resistance both within and beyond his own party; it has been clear from the start of his leadership that he rejects the narrow terms of the economic debate that have dominated British politics for over four decades."
Reposted by MMT101.ORG
NEW: The Scottish Budget will be a 'stark contrast' to Westminster policies which are 'holding Scotland back', the Finance Secretary has said 👇
www.thenational.scot/news/2575569...
www.thenational.scot/news/2575569...
Scottish Budget will 'stand in stark contrast' to Westminster, Finance Secretary says
Next year’s Scottish Budget will be a 'stark contrast' to Westminster policies which are "holding Scotland back, the Finance Secretary has…
www.thenational.scot
January 13, 2026 at 12:15 PM
NEW: The Scottish Budget will be a 'stark contrast' to Westminster policies which are 'holding Scotland back', the Finance Secretary has said 👇
www.thenational.scot/news/2575569...
www.thenational.scot/news/2575569...
1. The 'Austrian' Economist Who Predicted Modern Monetary Theory (MMT)
In Modern Monetary Theory – A Simple Guide To The Monetary System, Dirk Ehnts writes, “MMT did not reinvent the world, but rather borrows… from older economic theories.”
In Modern Monetary Theory – A Simple Guide To The Monetary System, Dirk Ehnts writes, “MMT did not reinvent the world, but rather borrows… from older economic theories.”
January 12, 2026 at 9:37 AM
1. The 'Austrian' Economist Who Predicted Modern Monetary Theory (MMT)
In Modern Monetary Theory – A Simple Guide To The Monetary System, Dirk Ehnts writes, “MMT did not reinvent the world, but rather borrows… from older economic theories.”
In Modern Monetary Theory – A Simple Guide To The Monetary System, Dirk Ehnts writes, “MMT did not reinvent the world, but rather borrows… from older economic theories.”
Reposted by MMT101.ORG
New on MMT101: The 'Austrian' Economist Who Predicted Modern Monetary Theory (MMT)
tinyurl.com/ypw8fnsf
tinyurl.com/ypw8fnsf
The 'Austrian' Economist Who Predicted Modern Monetary Theory (MMT)
How Modern Monetary Theory (MMT) echoes economist Joseph Schumpeter’s understanding of money, credit and the instability of capitalism
tinyurl.com
January 11, 2026 at 3:38 PM
New on MMT101: The 'Austrian' Economist Who Predicted Modern Monetary Theory (MMT)
tinyurl.com/ypw8fnsf
tinyurl.com/ypw8fnsf
Reposted by MMT101.ORG
We're back! First #podcast of 2026 comes from the #Makar, Padraig MacAoidh with a very personal view on what it's like to be a Scot. Listen here or wherever you get your podcasts
scottishindypod.scot/all-scottish...
scottishindypod.scot/all-scottish...
What Is It Like to Be a Scot? Pàdraig MacAoidh - Scottish Indy Podcasts
What is it like to be a Scot? Pàdraig MacAoidh - Peter Mackay - became the Scottish Makar just over a year ago. And he’s the first Makar to write primarily in Gaelic. A couple of months back he gave a...
scottishindypod.scot
January 11, 2026 at 2:40 PM
We're back! First #podcast of 2026 comes from the #Makar, Padraig MacAoidh with a very personal view on what it's like to be a Scot. Listen here or wherever you get your podcasts
scottishindypod.scot/all-scottish...
scottishindypod.scot/all-scottish...
New on MMT101: The 'Austrian' Economist Who Predicted Modern Monetary Theory (MMT)
tinyurl.com/ypw8fnsf
tinyurl.com/ypw8fnsf
The 'Austrian' Economist Who Predicted Modern Monetary Theory (MMT)
How Modern Monetary Theory (MMT) echoes economist Joseph Schumpeter’s understanding of money, credit and the instability of capitalism
tinyurl.com
January 11, 2026 at 3:38 PM
New on MMT101: The 'Austrian' Economist Who Predicted Modern Monetary Theory (MMT)
tinyurl.com/ypw8fnsf
tinyurl.com/ypw8fnsf
Reposted by MMT101.ORG
MMT Tools for Sceptics: How to Convince Your Friend You’re Not A Conspiracy Theorist
mmt101.substack.com/p/mmt-tools-...
mmt101.substack.com/p/mmt-tools-...
MMT Tools for Sceptics: How to Convince Your Friend You’re Not A Conspiracy Theorist
Easy Ways to Explain Modern Monetary Theory with Quotes, a Key Graph, Deficit Spending, and Government ‘Borrowing’
mmt101.substack.com
January 9, 2026 at 8:58 AM
MMT Tools for Sceptics: How to Convince Your Friend You’re Not A Conspiracy Theorist
mmt101.substack.com/p/mmt-tools-...
mmt101.substack.com/p/mmt-tools-...
MMT Tools for Sceptics: How to Convince Your Friend You’re Not A Conspiracy Theorist
mmt101.substack.com/p/mmt-tools-...
mmt101.substack.com/p/mmt-tools-...
MMT Tools for Sceptics: How to Convince Your Friend You’re Not A Conspiracy Theorist
Easy Ways to Explain Modern Monetary Theory with Quotes, a Key Graph, Deficit Spending, and Government ‘Borrowing’
mmt101.substack.com
January 9, 2026 at 8:58 AM
MMT Tools for Sceptics: How to Convince Your Friend You’re Not A Conspiracy Theorist
mmt101.substack.com/p/mmt-tools-...
mmt101.substack.com/p/mmt-tools-...
Reposted by MMT101.ORG
SIR Keir Starmer...
I had no idea...
I had no idea...
January 8, 2026 at 10:52 AM
SIR Keir Starmer...
I had no idea...
I had no idea...
1. There’s an irony at the core of central bank independence: it is sold as a way to keep economic decision-making free from ‘political influence’, yet the idea itself emerged from a particular political worldview.
January 6, 2026 at 1:26 PM
1. There’s an irony at the core of central bank independence: it is sold as a way to keep economic decision-making free from ‘political influence’, yet the idea itself emerged from a particular political worldview.
Reposted by MMT101.ORG
New on MMT101: Is Central Bank Independence Just A Neoliberal Shield Against Democracy?
tinyurl.com/55t9vzch
tinyurl.com/55t9vzch
Is Central Bank Independence Just A Neoliberal Shield Against Democracy?
How an ideological world view came to be sold as neutral economic management.
tinyurl.com
January 4, 2026 at 2:13 PM
New on MMT101: Is Central Bank Independence Just A Neoliberal Shield Against Democracy?
tinyurl.com/55t9vzch
tinyurl.com/55t9vzch
1. Where did the idea of the ‘independent central bank’ come from in the first place, and what was the idea behind it?
This is an important question, as it has an impact on both the material wellbeing of citizens and on democratic accountability.
This is an important question, as it has an impact on both the material wellbeing of citizens and on democratic accountability.
January 5, 2026 at 3:32 PM
1. Where did the idea of the ‘independent central bank’ come from in the first place, and what was the idea behind it?
This is an important question, as it has an impact on both the material wellbeing of citizens and on democratic accountability.
This is an important question, as it has an impact on both the material wellbeing of citizens and on democratic accountability.
Reposted by MMT101.ORG
6. Socrates is trying to snap us out of a trance by asking questions, but the benefits are lost on those who are still entranced.”
December 28, 2025 at 5:09 PM
6. Socrates is trying to snap us out of a trance by asking questions, but the benefits are lost on those who are still entranced.”