Modern Monetary Theory helps us to understand the policy potential of the Australian Federal government as a monetary sovereign (which means it issues its own currency, doesn’t borrow in foreign currencies and has a floating exchange rate – all of which applies to Australia).

The purpose of Modern Money Australia is to foster discourse which advances an economy that works for all.

We aim to show that the policy space afforded by our monetary system, while not unlimited, is nevertheless very much greater than the limits imposed by those who subscribe to classical macroeconomics.

Webinars

We’ve been running webinars since Covid-19 struck. (Previously we were running public face-to-face forums in both Sydney and Melbourne.) 

Our next webinar is on Saturday 27 February 2021  10am-11am AEDT

MMT and the new social contract:
Lessons from Covid-19

Our guests are Pavlina Tcherneva and Bill Mitchell, both leading MMT academics, who will set forth a powerful and hopeful vision for a new social contract founded on a real world understanding of the policy potential of monetary sovereign governments that will be better able to foster the genuine ‘we’re all in this together’ effort required to tackle the immediate Covid-19 crisis and the ongoing and looming threat to our planet from the climate crisis.

Go here for more information or register now:

What is Modern Monetary Theory?

Modern Monetary Theory has been developed over the past thirty years. There is an enormous amount of literature, both academic and popular, to back it up. Here are the three main assertions (taken from Dr Steven Hail’s article, Explainer: What is Modern Monetary Theory? in The Conversation 31 January 2017)