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Learn Modern Monetary Theory (MMT) economics so you can help change the world for the better. https://mmt101.substack.com
Professor of Economic L. Randall Wray summarises.
October 20, 2025 at 8:36 AM
Professor of Economic L. Randall Wray summarises.
Why do countries charge their citizens for further education - when their economies depend on the brains/knowledge of their citizens. It is complete and utter madness. Free lifetime education should be the norm. If the had any sense this would be the case
October 17, 2025 at 11:28 AM
Why do countries charge their citizens for further education - when their economies depend on the brains/knowledge of their citizens. It is complete and utter madness. Free lifetime education should be the norm. If the had any sense this would be the case
"Money is not itself a real resource. Money is a tool to organise and mobilise real resources" Dr Mathew Forstater
September 8, 2025 at 8:21 AM
"Money is not itself a real resource. Money is a tool to organise and mobilise real resources" Dr Mathew Forstater
Spend money on your citizens education. All citizens would get free education for life. If you really want a dynamic, well-educated, innovative, productive workforce. To fail to invest in your citizens is at the pinnacle of the stupidity pyramid.
Photo by Dennis Jarvis on Flickr
Photo by Dennis Jarvis on Flickr
September 7, 2025 at 10:32 AM
Spend money on your citizens education. All citizens would get free education for life. If you really want a dynamic, well-educated, innovative, productive workforce. To fail to invest in your citizens is at the pinnacle of the stupidity pyramid.
Photo by Dennis Jarvis on Flickr
Photo by Dennis Jarvis on Flickr
6. teaching the gospel of neoliberalism? To get back to my argument: this is no way to study how the economy works; this is no way to diagnose economic problems; and this is no way to develop useful economic policies.
mmt101.substack.com/p/7-reasons-...
mmt101.substack.com/p/7-reasons-...
September 3, 2025 at 9:03 AM
6. teaching the gospel of neoliberalism? To get back to my argument: this is no way to study how the economy works; this is no way to diagnose economic problems; and this is no way to develop useful economic policies.
mmt101.substack.com/p/7-reasons-...
mmt101.substack.com/p/7-reasons-...
Do UK and US Politicians Know That They Can Literally Buy Anything That Is for Sale in Their Own Currency?
August 25, 2025 at 8:42 AM
Do UK and US Politicians Know That They Can Literally Buy Anything That Is for Sale in Their Own Currency?
I will be writing a reply to James Meadway's view on Modern Monetary Theory (MMT) in my weekly MMT101 newsletter. Subscribe to the MMT101 Substack to get notified as soon as it is published:
mmt101.substack.com
mmt101.substack.com
August 15, 2025 at 9:23 AM
I will be writing a reply to James Meadway's view on Modern Monetary Theory (MMT) in my weekly MMT101 newsletter. Subscribe to the MMT101 Substack to get notified as soon as it is published:
mmt101.substack.com
mmt101.substack.com
1. Unravelling the tax first, spend later neoliberal mantra
Looking at this story as an MMT advocate, I will attempt to unravel the logic behind the orthodox approach. That is, the orthodox economists' belief that it is logically possible for tax revenues to be the source
Looking at this story as an MMT advocate, I will attempt to unravel the logic behind the orthodox approach. That is, the orthodox economists' belief that it is logically possible for tax revenues to be the source
August 11, 2025 at 8:19 AM
1. Unravelling the tax first, spend later neoliberal mantra
Looking at this story as an MMT advocate, I will attempt to unravel the logic behind the orthodox approach. That is, the orthodox economists' belief that it is logically possible for tax revenues to be the source
Looking at this story as an MMT advocate, I will attempt to unravel the logic behind the orthodox approach. That is, the orthodox economists' belief that it is logically possible for tax revenues to be the source
1. Is It True That Taxes Must Always Precede Spending?
This week’s post is a bit different from my usual: instead of a third person description and discussion of a particular MMT-related topic, this post is a first-person stream of consciousness rumination on the orthodox
This week’s post is a bit different from my usual: instead of a third person description and discussion of a particular MMT-related topic, this post is a first-person stream of consciousness rumination on the orthodox
August 10, 2025 at 1:37 PM
1. Is It True That Taxes Must Always Precede Spending?
This week’s post is a bit different from my usual: instead of a third person description and discussion of a particular MMT-related topic, this post is a first-person stream of consciousness rumination on the orthodox
This week’s post is a bit different from my usual: instead of a third person description and discussion of a particular MMT-related topic, this post is a first-person stream of consciousness rumination on the orthodox
1. “The fact that the U.S. government is a monopoly issuer of the U.S. currency is an obvious fact. The fact that an issuer of a currency doesn’t need to borrow its own currency from anyone else in order to spend is also an obvious fact.
July 29, 2025 at 11:47 AM
1. “The fact that the U.S. government is a monopoly issuer of the U.S. currency is an obvious fact. The fact that an issuer of a currency doesn’t need to borrow its own currency from anyone else in order to spend is also an obvious fact.
Recommend an economics related book to me and my fellow MMT101 subscribers. I’d recommend “Diagrams & Dollars: Modern Money Illustrated” by J. D. Alt
July 28, 2025 at 9:38 AM
Recommend an economics related book to me and my fellow MMT101 subscribers. I’d recommend “Diagrams & Dollars: Modern Money Illustrated” by J. D. Alt
Dr Steve Keen on why our current approach to economics is killing the planet and the people on it.
July 28, 2025 at 8:39 AM
Dr Steve Keen on why our current approach to economics is killing the planet and the people on it.
New on MMT101 Podcast:
Economist Dr Steve Keen Demolishing Neoliberal Economists’ Assumptions and Beliefs: Part Two of My Chat with Dr Steve Keen
Listen to the full Podcast:
tinyurl.com/2mhppu88
Economist Dr Steve Keen Demolishing Neoliberal Economists’ Assumptions and Beliefs: Part Two of My Chat with Dr Steve Keen
Listen to the full Podcast:
tinyurl.com/2mhppu88
July 27, 2025 at 12:17 PM
New on MMT101 Podcast:
Economist Dr Steve Keen Demolishing Neoliberal Economists’ Assumptions and Beliefs: Part Two of My Chat with Dr Steve Keen
Listen to the full Podcast:
tinyurl.com/2mhppu88
Economist Dr Steve Keen Demolishing Neoliberal Economists’ Assumptions and Beliefs: Part Two of My Chat with Dr Steve Keen
Listen to the full Podcast:
tinyurl.com/2mhppu88
"Federal government spending is in no case operationally constrained by revenues..." Warren Mosler
July 25, 2025 at 4:03 PM
"Federal government spending is in no case operationally constrained by revenues..." Warren Mosler
Did I tell you that my Modern Monetary Theory (MMT) training course is now live?
Here’s a 70% off discount code: www.udemy.com/course/mmt10...
Here’s a 70% off discount code: www.udemy.com/course/mmt10...
July 11, 2025 at 7:55 AM
Did I tell you that my Modern Monetary Theory (MMT) training course is now live?
Here’s a 70% off discount code: www.udemy.com/course/mmt10...
Here’s a 70% off discount code: www.udemy.com/course/mmt10...
“it (government) can't run out of dollars any more than a carpenter can run out of inches.” Stephanie Kelton
July 1, 2025 at 3:16 PM
“it (government) can't run out of dollars any more than a carpenter can run out of inches.” Stephanie Kelton
New on MMT101:
MMT Factsheet 5 – The Job Guarantee (JG)
Modern Monetary Theory (MMT) factsheet series: plain language summaries of key MMT topics.
This one explains the Job Guarantee.
tinyurl.com/ysf28jbk
MMT Factsheet 5 – The Job Guarantee (JG)
Modern Monetary Theory (MMT) factsheet series: plain language summaries of key MMT topics.
This one explains the Job Guarantee.
tinyurl.com/ysf28jbk
June 27, 2025 at 2:14 PM
New on MMT101:
MMT Factsheet 5 – The Job Guarantee (JG)
Modern Monetary Theory (MMT) factsheet series: plain language summaries of key MMT topics.
This one explains the Job Guarantee.
tinyurl.com/ysf28jbk
MMT Factsheet 5 – The Job Guarantee (JG)
Modern Monetary Theory (MMT) factsheet series: plain language summaries of key MMT topics.
This one explains the Job Guarantee.
tinyurl.com/ysf28jbk
Economist Dirk Ehnts talks about his journey from mainstream economics to Modern Monetary Theory (MMT).
June 24, 2025 at 7:59 AM
Economist Dirk Ehnts talks about his journey from mainstream economics to Modern Monetary Theory (MMT).
Dirk Ehnts on the MMT101 Podcast.
Dirk talking about the housing guarantee: how public housing can balance the market.
Full chat here: tinyurl.com/48bmjx8r
Dirk talking about the housing guarantee: how public housing can balance the market.
Full chat here: tinyurl.com/48bmjx8r
June 23, 2025 at 8:02 AM
Dirk Ehnts on the MMT101 Podcast.
Dirk talking about the housing guarantee: how public housing can balance the market.
Full chat here: tinyurl.com/48bmjx8r
Dirk talking about the housing guarantee: how public housing can balance the market.
Full chat here: tinyurl.com/48bmjx8r
A valuable lesson from economist Pavlina R. Tcherneva.
June 2, 2025 at 1:15 PM
A valuable lesson from economist Pavlina R. Tcherneva.
3. When the UK Government needed to fund the Second World War, the fact that it spent a similar amount to fund the First World War had no impact on that decision. The UK Government does not run out of money. It has a monopoly on the production of UK currency.
May 29, 2025 at 8:14 AM
3. When the UK Government needed to fund the Second World War, the fact that it spent a similar amount to fund the First World War had no impact on that decision. The UK Government does not run out of money. It has a monopoly on the production of UK currency.
"Where does the power lie?" Steve Grumbine talks about democracy or the lack of it.
Steve doesn't think America has democracy. Do you agree?
Steve Grumbine on the MMT101 Podcast.
#Economics
Steve doesn't think America has democracy. Do you agree?
Steve Grumbine on the MMT101 Podcast.
#Economics
May 27, 2025 at 10:24 AM
"Where does the power lie?" Steve Grumbine talks about democracy or the lack of it.
Steve doesn't think America has democracy. Do you agree?
Steve Grumbine on the MMT101 Podcast.
#Economics
Steve doesn't think America has democracy. Do you agree?
Steve Grumbine on the MMT101 Podcast.
#Economics
1. John Maynard Keynes - A Treatise on Money (1930)
"The State, therefore, comes in first of all as the authority of law which enforces the payment of the thing which corresponds to the name or description in the contract. But it comes in doubly when, in addition,
"The State, therefore, comes in first of all as the authority of law which enforces the payment of the thing which corresponds to the name or description in the contract. But it comes in doubly when, in addition,
May 26, 2025 at 9:29 AM
1. John Maynard Keynes - A Treatise on Money (1930)
"The State, therefore, comes in first of all as the authority of law which enforces the payment of the thing which corresponds to the name or description in the contract. But it comes in doubly when, in addition,
"The State, therefore, comes in first of all as the authority of law which enforces the payment of the thing which corresponds to the name or description in the contract. But it comes in doubly when, in addition,
May 26, 2025 at 9:09 AM
New: I'm chatting to Steve Grumbine of Real Progressives and Macro N Cheese on the MMT101 Podcast.
tinyurl.com/yc56f7cw
#Economics @RealProgressUS
tinyurl.com/yc56f7cw
#Economics @RealProgressUS
May 25, 2025 at 12:09 PM
New: I'm chatting to Steve Grumbine of Real Progressives and Macro N Cheese on the MMT101 Podcast.
tinyurl.com/yc56f7cw
#Economics @RealProgressUS
tinyurl.com/yc56f7cw
#Economics @RealProgressUS