MMT Resources

Modern Monetary Theory, or MMT, is a politically neutral description of how sovereign fiat currency functions and what this means for the broader macroeconomy. MMT has broad implications for how we should think about public policy regardless of where you identify on the political spectrum. Below is a list of introductory resources for those that are interested in learning MMT.

Videos

• Barron’s: What is Modern Monetary Theory? (2:49)
• The Basics of Modern Money (6:39)
• The Millennials’ Money (31:58)
• Bloomberg: Everything You Want to Know About Modern Monetary Theory (48:52)
• The Angry Birds Approach to Understanding Deficits in the Modern Economy (1:18:37)
• “But How Will We Pay for It? Making Public Money Work for Us” (50:43)
• Understanding Modern Money (1:26:32)
• Deficit Owls Intro to MMT YouTube Playlist (20 videos, approximately 2 hours total)
• Deficit Owls YouTube Channel

Articles/Papers

• NYT: How We Think About the Deficit Is Mostly Wrong – Stephanie Kelton
• LA Times: Congress Can Give Every American a Pony – Stephanie Kelton
• The Federal Budget is NOT like a Household Budget – Here’s Why – L. Randall Wray
• The Shift: Understanding America’s Fiat Money – J.D. Alt
• ME/MMT: The Currency as a Public Monopoly – Warren Mosler
• Modern Monetary Theory, and why you’re about to hear a lot more about it
• MMT for Dummies – Edward Harrison

Sites

• Modern Money Basics
• New Economic Perspectives
• We Can Have Nice Things
• Bill Mitchell’s Blog
• MMT Wiki

Key People/Organizations

• Stephanie Kelton (@stephaniekelton)
• Warren Mosler (@wbmosler)
• Bill Mitchell (@billy_blog)
• L. Randall Wray
• Pavlina Tcherneva (@ptcherneva)
• Scott Fullwiler (@stf18)
• Eric Tymoigne (@tymoignee)
• Nathan Tankus (@NathanTankus)
• Rohan Grey (@rohangrey)
• Modern Money Network (@thepublicmoney)
• Deficit Owls (@DeficitOwls)

Podcasts

• Pocket Change (@pocketchangemmt)
• The MMT Podcast  (@MMTpodcast)
• Macro and Cheese (@CheeseMacro)

Books

• The Deficit Myth – Stephanie Kelton
• Modern Money Theory – L. Randall Wray
• Macroeconomics – L. Randall Wray, Bill Mitchell, and Martin Watts
• Seven Deadly Innocent Frauds of Economic Policy – Warren Mosler

Communities

• Intro to MMT Group on Facebook
• MMT Subreddit
• Modern Monetary Theory Google Group