William Mitchell
@billmitchell.org
π€ 709
π₯ 21
π 125
Professor of Economics, one of founders of MMT, professional musician.
https://www.billmitchell.org
pinned post!
My new book with Warren Mosler - Modern Monetary Theory: Bill and Warren's Excellent Adventure. More information about the book from the Lola Books -
www.lolabooks.eu/products/mod...
It is available from most bookshops. In Australia, you can get it from -
www.readings.com.au/product/9783...
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Modern Monetary Theory - Bill & Warren's excellent adventure
In this book, William Mitchell and Warren Mosler, original proponents of what's come to be known asΒ Modern Monetary Theory (MMT), discuss their perspectives about how MMT has evolved over the last 30...
https://www.lolabooks.eu/products/modern-monetary-theory-bill-warrens-excellent-adventure
10 months ago
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Tuesday's blog post (23/09) is now posted (14:00 EAST) - Kyoto Report 2025 - 1 -
billmitchell.org/blog/?p=62792
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Kyoto Report 2025 β 1 β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62792
about 8 hours ago
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Monday's blog post (22/09) is now posted (17:25 EAST) - Australian Senate enquiry finds that the university sector is rotten to the core -
billmitchell.org/blog/?p=62789
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Australian Senate enquiry finds that the university sector is rotten to the core β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62789
1 day ago
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Thursday's blog post (18/09) is now posted (12:44 EAST) - Australian labour market takes a backward step -
billmitchell.org/blog/?p=62776
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Australian labour market takes a backward step β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62776
5 days ago
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Monday's blog post (15/09) is now posted (17:07 EAST) - Terrestrial water storage capacity is declining fast and is hardly getting any attention -
billmitchell.org/blog/?p=62770
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Terrestrial water storage capacity is declining fast and is hardly getting any attention β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62770
8 days ago
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Thursday's blog post (11/09) is now posted (16:21 EAST) - US Bureau of Labor Statistics revisions are not some arbitrary act but an attempt at making the data as accurate as possible -
billmitchell.org/blog/?p=62767
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US Bureau of Labor Statistics revisions are not some arbitrary act but an attempt at making the data as accurate as possible β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62767
12 days ago
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Monday's blog post (08/09) is now posted (17:51 EAST) - Some discussion about taxation -
billmitchell.org/blog/?p=62764
#mmt
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Some discussion about taxation β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62764
15 days ago
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Thursday's blog post (04/09) is now posted (11:08 EAST) - Recent podcast and some thoughts on trade -
billmitchell.org/blog/?p=62762
#mmt
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Recent podcast and some thoughts on trade β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62762
19 days ago
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Monday's blog post (01/09) - The struggles to teach political economy and the aftermath β we all lost -
billmitchell.org/blog/?p=62745
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The struggles to teach political economy and the aftermath β we all lost β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62745
20 days ago
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Wednesday's blog post (03/09) is now posted (15:22 EAST) - Australia national accounts - stronger economic growth in June-quarter 2025 -
billmitchell.org/blog/?p=62748
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Australia national accounts β stronger economic growth in June-quarter 2025 β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62748
20 days ago
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Friday's blog post (29/08) is now posted (17:10 EAST) - The Smith Family MMT Manga - Episode 3 for Season 3 is now available -
billmitchell.org/blog/?p=62743
#mmt
25 days ago
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Thursday's blog post (28/08) is now posted (17:32 EAST) - Australia's unemployment rate is well above any reasonable full employment level -
billmitchell.org/blog/?p=62738
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Australiaβs unemployment rate is well above any reasonable full employment level β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62738
26 days ago
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Monday's blog post (25/08) is now posted (17:47 EAST) - Cryptocurrencies are not currencies -
billmitchell.org/blog/?p=62736
#mmt
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Cryptocurrencies are not currencies β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62736
29 days ago
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Thursday's blog post (21/08) is now posted (16:37 EAST) - Basing a childcare system on how much private profit it generates is a recipe for certain disaster -
billmitchell.org/blog/?p=62732
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Basing a childcare system on how much private profit it generates is a recipe for certain disaster β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62732
about 1 month ago
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Monday's blog post (18/08) is now posted (16:51 EAST) - Productivity growth is not the only source of increases in material well-being for the majority -
billmitchell.org/blog/?p=62727
#mmt
#degrowth
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Productivity growth is not the only source of increases in material well-being for the majority β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62727
about 1 month ago
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Thursday's blog post (14/08) is now posted (12:41 EAST) - Australian labour market - slight improvement but uncertainty continues -
billmitchell.org/blog/?p=62715
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Australian labour market β slight improvement but uncertainty continues β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62715
about 1 month ago
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Wednesday's blog post (13/08) is now posted (14:17 EAST) - Australian workers get modest real wage gains in latest data - finally -
billmitchell.org/blog/?p=62711
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Australian workers get modest real wage gains in latest data β finally β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62711
about 1 month ago
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Monday's blog post (11/08) is now posted (16:31 EAST) - What does it mean for a nation to become bankrupt? -
billmitchell.org/blog/?p=62707
#mmt
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What does it mean for a nation to become bankrupt? β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62707
about 1 month ago
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Our latest estimates of government investment required to introduce a Job Guarantee in Australia - Federal net outlays $A24.8 billion for 386.8 thousand jobs. Compare that to pandemic direct stimulus of $A311 billion over 2020-22. Access our report -
www.fullemployment.net/publications...
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https://www.fullemployment.net/publications/reports/2025/CofFEE_Research_Report_2025_01.pdf
about 2 months ago
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Thursday's blog post (07/08) is now posted (17:28 EAST) - The British government's obsession with the fiscal rules is driving the economy towards recession -
billmitchell.org/blog/?p=62704
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The British governmentβs obsession with the fiscal rules is driving the economy towards recession β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62704
about 2 months ago
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Monday's blog post (04/08) is now posted (17:34 EAST) - The so-called 'land of the free' is now a failed state and heading towards totalitarianism -
billmitchell.org/blog/?p=62700
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The so-called βland of the freeβ is now a failed state and heading towards totalitarianism β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62700
about 2 months ago
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Thursday's blog post (31/07) is now posted (16:51 EAST) - Major shifts in sentiment within Japan as they try to escape the cost-cutting excess profits mindset -
billmitchell.org/blog/?p=62696
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Major shifts in sentiment within Japan as they try to escape the cost-cutting excess profits mindset β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62696
about 2 months ago
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Wednesday's blog post (30/07) is now posted (13:15 EAST) - Inflation continuing to fall in Australia further exposing the incompetence of our central bank -
billmitchell.org/blog/?p=62686
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Inflation continuing to fall in Australia further exposing the incompetence of our central bank β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62686
about 2 months ago
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Monday's blog post (28/07) is now posted (16:42 EAST) - State level fire services need to be adequately funded - land tax hikes are necessary and progressive -
billmitchell.org/blog/?p=62681
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State level fire services need to be adequately funded β land tax hikes are necessary and progressive β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62681
about 2 months ago
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Friday's blog post (25/07) is now posted (08:42 EAST) - The Smith Family MMT Manga β Episode 2 for Season 3 is now available -
billmitchell.org/blog/?p=62678
2 months ago
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Thursday's blog post (24/07) is now posted (16:09 EAST) - The report of the Special Envoy to Combat Antisemitism in Australia should be categorically rejected by government -
billmitchell.org/blog/?p=62677
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The report of the Special Envoy to Combat Antisemitism in Australia should be categorically rejected by government β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62677
2 months ago
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Monday's blog post (21/07) is now posted (16:03 EAST) - Britain's Leeds Reforms - jumping the shark comes to mind -
billmitchell.org/blog/?p=62675
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Britainβs Leeds Reforms β jumping the shark comes to mind β William Mitchell β Modern Monetary Theory
The so-called βLeeds Reformsβ are a package of policy changes that will reduce the accountability of senior management in the large financial corporations and entice ordinary consumers to become sharemarket speculators.
https://billmitchell.org/blog/?p=62675
2 months ago
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Can you believe all these financial market economists talking about how todayβs labour market results are not bad and that underutilisation is βclose to a record lowβ? That rate is 10.3%. Record lows were unemployment < 2 per cent (not 4.3 per cent) and almost zero underemployment (not 6 per cent).
2 months ago
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Thursday's blog post (17/07) is now posted (12:38 EAST) - Australian labour market - evidence is mounting of policy sabotage driving the unemployment rate up -
billmitchell.org/blog/?p=62662
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Australian labour market β evidence is mounting of policy sabotage driving the unemployment rate up β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62662
2 months ago
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Monday's blog post (14/07) is now posted (09:16 EAT) - How to break out of the commodification of everything -
billmitchell.org/blog/?p=62659
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How to break out of the commodification of everything β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62659
2 months ago
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Thursday's blog post (10/07) is now posted (16:13 EAT) - Treasurer, please sack the RBA governor and the Monetary Policy Board members - they have gone rogue -
billmitchell.org/blog/?p=62654
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Treasurer, please sack the RBA governor and the Monetary Policy Board members β they have gone rogue β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62654
3 months ago
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Monday's blog post (07/07) is now posted (16:07 EAT) - The Eurozone Member States are not equivalent to currency-issuing governments in fiscal flexibility -
billmitchell.org/blog/?p=62651
#mmt
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The Eurozone Member States are not equivalent to currency-issuing governments in fiscal flexibility β William Mitchell β Modern Monetary Theory
The following claim was rehearsed by two MMT economists in an article they had published in the Review of Political Economy (published February 2024):
https://billmitchell.org/blog/?p=62651
3 months ago
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Thursday's blog post (03/07) is now posted (07:32 Netherlands Time) - British Labour Government should ignore irrelevant fiscal 'black holes' and worry about the political hole it is digging for itself -
billmitchell.org/blog/?p=62648
#MMT
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British Labour Government should ignore irrelevant fiscal βblack holesβ and worry about the political hole it is digging for itself β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62648
3 months ago
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Thursday's blog post (26/06) is now posted (16:22 EAST) - Australia - the inflation spike was transitory but central bankers hiked rates with only partial information -
billmitchell.org/blog/?p=62641
#MMT
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Australia β the inflation spike was transitory but central bankers hiked rates with only partial information β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62641
3 months ago
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Monday's blog post (23/06) is now posted (17:15 EAST) - There will not be a fiscal crisis in Japan -
billmitchell.org/blog/?p=62638
#MMT
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There will not be a fiscal crisis in Japan β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62638
3 months ago
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It's back. Season 3 of our MMT Manga - The Smith Family and their Adventures with Money - begins Friday (June 20, 2025). Lots of things are happening as the nation struggles with a major government-induced recession and upcoming elections. Available in English & Japanese.
www.mmted.org/smithfamily/
3 months ago
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Thursday's blog post (19/06) is now posted (12:44 EAT) - Australian Labour Market - steady but signs of a deterioration -
billmitchell.org/blog/?p=62622
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Australian Labour Market β steady but signs of a deterioration β William Mitchell β Modern Monetary Theory
The summary seasonally-adjusted statistics for May 2025 are:
https://billmitchell.org/blog/?p=62622
3 months ago
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Monday's blog post (16/06) is now posted (18:05 EAT) - The US dollar is losing importance in the global economy - but there is really nothing to see in that fact -
billmitchell.org/blog/?p=62619
#MMT
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The US dollar is losing importance in the global economy β but there is really nothing to see in that fact β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62619
3 months ago
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Thursday's blog post (12/06) is now posted (15:41 EAST) - The arms race - Part 2 -
billmitchell.org/blog/?p=62617
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The arms race β Part 2 β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62617
3 months ago
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Wednesday's blog post (11/06) is now posted (16:17 EAST) - The arms race again - Part 1 -
billmitchell.org/blog/?p=62612
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The arms race again β Part 1 β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62612
3 months ago
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Thursday's blog post (05/06) is now posted (16:32 EAST) - Australia's lowest paid workers get some real wage relief from the latest adjustment to the minimum wage -
billmitchell.org/blog/?p=62604
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Australiaβs lowest paid workers get some real wage relief from the latest adjustment to the minimum wage β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62604
4 months ago
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Wednesday's blog post (04/06) is now posted (13:52 EAT) - Australian National Accounts - GDP growth slows significantly - slipping towards recession under current policy settings -
billmitchell.org/blog/?p=62588
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Australian National Accounts β GDP growth slows significantly β slipping towards recession under current policy settings β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62588
4 months ago
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Monday's blog post (02/06) is now posted (14:57 EAT) - The neoliberal destruction of Australia's higher education system -
billmitchell.org/blog/?p=62586
#mmt
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The neoliberal destruction of Australiaβs higher education system β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62586
4 months ago
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Thursday's blog post (29/05) is now posted (16:41 EAT) - The Webbs knew more than a century ago that if you pay high wages you get high productivity -
billmitchell.org/blog/?p=62583
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The Webbs knew more than a century ago that if you pay high wages you get high productivity β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62583
4 months ago
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Monday's blog post (26/05) is now posted (17:09 EAT) - Japan sales tax debate continues - Reiwa are the only Party that understands the reality -
billmitchell.org/blog/?p=62574
#mmt
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Japan sales tax debate continues β Reiwa are the only Party that understands the reality β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62574
4 months ago
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Thursday's blog post (22/05) is now posted (13:44 EAST) - Commentary on Moody's downgrade gives the game away - finally -
billmitchell.org/blog/?p=62571
#mmt
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Commentary on Moodyβs downgrade gives the game away β finally β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62571
4 months ago
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Monday's blog post (19/05) is now posted (16:06 EAST) - A Just Transition framework is required to head of the climate denying Right -
billmitchell.org/blog/?p=62568
#mmt
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https://billmitchell.org/blog/?p=62568
4 months ago
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Thursday's blog post (15/05) is now posted (13:17 EAT) - Australian labour force data - employment growth absorbs rising participation without increasing the unemployment rate -
billmitchell.org/blog/?p=62556
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Australian labour force data β employment growth absorbs rising participation without increasing the unemployment rate β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62556
4 months ago
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Wednesday's blog post (14/05) is now posted (17:08 EAT) - Australian wages growth - real wages stable - no breakout evident -
billmitchell.org/blog/?p=62555
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Australian wages growth β real wages stable β no breakout evident β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62555
4 months ago
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Monday's blog post (12/05) is now posted (15:59 EAT) - I wonder how progressives are viewing the fact that they gave credence to a key Trump operative -
billmitchell.org/blog/?p=62546
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I wonder how progressives are viewing the fact that they gave credence to a key Trump operative β William Mitchell β Modern Monetary Theory
https://billmitchell.org/blog/?p=62546
4 months ago
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My recent podcast talk with Steve at Real Progressives -
realprogressives.org/mnc-podcast-...
- thanks to his crew for continuing to promote these ideas.
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Episode 327 - Isolation with Bill Mitchell
Economist Bill Mitchell unpacks the capitalist contradictions driving global instability and the surge in class consciousness.
https://realprogressives.org/mnc-podcast-ep/episode-327-isolation-with-bill-mitchell/
5 months ago
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