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).

We aim to foster discourse which advances an economy that works for all and 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…

MMT and the media: Taking charge of the narrative

Bill Mitchell & Luke McGregor discuss MMT in the media & why, contrary to what we’re led to believe, the government can never ‘go broke’.

Thurs 8 July 2021  7:00 PM AEST

In households across Australia we see a startling increase in the incidence of ‘shouting-at-the-telly’. Experts say there’s a strong correlation between ‘shouting-at-the-telly’ and the rise in the understanding of Modern Monetary Theory (MMT). Monitoring the hoarse throats of “telly-shouters”, experts note that the telly is brim full of talking heads fear-mongering about ‘tax-payer money’, ‘the debt burden on future generations’ and ‘the government going broke’. Very concerning.

But seriously, […more]