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.) 

Most of our webinars and some of our face-to-face events are on our YouTube Channel.

Our next webinar will be in February 2021. We’ll publicise it when we confirm the speaker/s and the date.

In the meantime, you might like to join our email list to be informed of our events. We also publicise them on our Twitter feed and on our Facebook page.

We hope to see you in 2021.

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).