We have terrific students McAlindon, R. 2025. The Price of Profit - An Analysis of Pandemic-Era Inflation, the Cost-of-Living Crisis and Government Policy in the United Kingdom of Great Britain & Northern Ireland. MML Working Paper No. 9, December 2025. modernmoneylab.org.au/wp-content/u...

Today's end of term message from another one of our online Masters students (#MMT). "I really can't express how awesome the whole masters has been so far." modernmoneylab.org.au/courses/

In a number of high-income countries, we will before long see MMT-informed governments in power. They will need to be tough and parsimonious with real resources to be successful.

Your job, if you are UK MMT, is to create a safe-space for brave & talented politicians like Polanski to discuss policies which will offer economic security to all. If you are able, and lack academic credentials, come and achieve some. It will help a lot.

It is my belief that the first step, when a well-informed (about the monetary system) government comes to power, is to ensure economic security for all, with all that implies. Once achieved, you can plan for a future genuinely sustainable, well-being, post-capitalist economy.

Any economist whose work is approved of by Rory Stewart and Alastair Campbell is part of the problem. Stewart and Campbell are, I am sure, essentially good people, but the things they have mistakenly taken for granted have helped create Donald Trump and Nigel Farage.

We are thinking of doing a one-day afternoon/evening MMT bootcamp in or near Brighton (England) in late June, in case anyone is interested.

I recently mentioned scholarships for exceptional women applicants under 40yrs. We will receive more such applications than we can fund, in case anyone with AUD10,000 to spare is there and would be keen to help, Always grateful for any help: [email protected]

I'm playing with this very simple USD indicator, presently called a GEP (Gross Economic Product) as it is too simple to dignify it with the acronym GPI, which values inequality, domestic labour, underemployment, emissions and material footprint in conventional ways.

Warm old man in a cool t-shirt on a hot early (southern hemisphere) summer's day.

New t-shirts, courtesy of a benefactor. www.torrens.edu.au/courses/busi...

Hear from seven world-leading experts in our January 2026 Economics of Sustainability free lecture series, hosted by Modern Money Lab and TUA. That's Maryam H'Madoun, Stephanie Kelton, Pavlina Tcherneva, Tim Foxon, John Harvey, Scott Fullwiler and Phil Lawn. events.humanitix.com/economics-of...

Name omitted, as it could be any our lecturers, but another such message today... "Gabie and Steven - you already know this & want to reaffirm - (name omitted) is a gem & absolute asset to the Masters!" Teach relevant economics well & this happens. [email protected]

Next time Mr Polanski is asked a childish 'gotcha' style question about debt interest, he should say these things, though not perhaps in this order. 1) Google it (apologies to A. Bandt). 2) Debt issuance by the UK Govt is a choice, not a necessity. It is not to fund deficits...

We have two scholarship opportunities relating to our Graduate Economics of Sustainability program (MMT and ecological economics). 1) Up to 10 Global South Scholarships every trimester covering 90% of tuition fees leading to the 4-subject Graduate Certificate, for February, June or September start.

I have finally found time to read this book by our Masters student, the feminist economist Janine Rogan. It is brilliant and it means the world to me that people like Janine are doing our Masters.

Let's make economics useful again! [email protected] modernmoneylab.org.au/courses/

It is the time of year when I get more boring than usual, to remind you there exists a global online Masters degree in economics with live webinars solidly based on #MMT and a respect for our planetary boundaries Let's change the world! For details, [email protected]

How Smart Countries Build Dumb Export Structures open.substack.com/pub/darrenqu...

You are warmly invited to our free annual series of talks by (or interviews with) world-leading experts, this January: events.humanitix.com/economics-of...

We have a very wide variety of students on our online www.torrens.edu.au/courses/busi... , of whom we are very proud, including the Canadian financial feminist and best-selling author, Janine Rogan, who should graduate very soon.

Morgan Edwards is a learning facilitator on our Modern Money Lab/Torrens University Australia courses and a PhD student at the University of Otago. He has made the papers in New Zealand, for his advocacy of policy based on an MMT frame. www.thepost.co.nz/business/360...

The Modern Money Lab Economics of Sustainability January series this year will feature the following academics - Pavlina Tcherneva, Stephanie Kelton, John Harvey, Scott Fullwiler, Tim Foxon and Phil Lawn. More details soon or from [email protected]. Do come along.

If you want training/credentials in #MMT and ecological economics on a course you can take part-time and online, with live classes with experts, ours begin every February, June and September, and are endorsed by Stephanie Kelton and many other leading economists. [email protected]

We are still obsessed with growth for the sake of growth. Meanwhile, our climate system is breaking down and our economic systems are organised neither to deal with this nor to ensure economic security for all and social well-being. It is time to change our economic thinking.

We wish #MMT founder Warren Mosler all the very best, with his plans to launch the USVI Green Party.

All those pictured, running this event in Canberra, are current or past students of Modern Money Lab - great to see.

This is our favourite Minsky quote. It is why we have to challenge neoclassical economics. The straightjacket it imposes on those who work within its axioms actually prevents us asking the questions and finding the solutions we need across the rest of this century.

If you aren't yet reading Darren's brilliant insights, we at MML challenge you to try them out. Reverse Robin Hood? Try a Reverse Minsky open.substack.com/pub/darrenqu...

The next intake is in February - you could be a part of it.

From left to right, at our recent MML workshop in Vienna: our CEO, Gabrielle Bond; our brilliant lecturer, Colleen Schneider; some old bloke; and the co-author of our new post-growth subject, Katy Shields.

Another excellent piece of analysis from our (outstanding) student, Darren Quinn. The Economic Complexity Paradox: Why Australia Is Both Brilliant and Vulnerable open.substack.com/pub/darrenqu...

An unusual (but delightful) gift from one of our wonderful students. That's Gabrielle Bond on the left - some old bloke on the right.

A terrific post by our student, Darren Quinn - Fighting Ghosts: Why the Right is Arguing with a Fictional Past - An MMT Autopsy of Australian History darrenquinn.substack.com/p/fighting-g...

I don't think most other Masters degrees in economics have quite the same student feedback as ours. Here is a small sample, from last trimester - modernmoneylab.org.au/courses/:

Lovely to see such positive feedback on our economics of sustainability #MMT program. Maybe you could join them.....

We now have a recording of the very short closing talk Steven did at the recent Bristol #MMT conference. It was very brief as we were about to run out of time in the venue. There was a call to action. youtu.be/ItNdiFRCXXE?...

It is not bond vigilantes who are in charge of the bond market in major economies. It is central bankers. Central banks are generally owned by their currency-issuing governments, and even if this were not the case, must always act within a legislative framework determined by their political masters.

Please could a journo ask Rachel Reeves the question Maren asked Bernstein in Finding the Money? Why does the Govt feel it depends on borrowing its own currency, which it issues, from bond vigilantes? Then don't let her get away with a nonsensical answer. Same question to Jim Chalmers in Australia.

What a fabulous time we have had in Bristol, Amsterdam, Sheffield, London and Vienna - not to mention Chichester and Singapore. These photos are from the Vienna #MMT workshop.

In Wien (Vienna) this weekend. At this stage, feel free to just turn up. We will find you a place in the #MMT Public Money for Public Good weekend. These weekends are great fun and intended to be empowering. Gleis 21, Wien. events.humanitix.com/public-money...

We ought to make more of our program being at the top of the list the International Society for Ecological Economics recommends, but we are terrible at marketing. Maybe you can help us tell people.

You know that guy Larry Summers. Every time I watch Finding the Money, and I bet I have seen it even more times than Kelton, at the moment he calls MMT "voodoo economics" I am reminded of the following.

We had a fantastic time in both Bristol & Amsterdam. JOIN us for our remaining #MMT workshops in Sheffield (20/21) or Vienna (27/28). We also have a private event in London in Steven & Gabie's Excellent Adventure (😉). events.humanitix.com/public-money... events.humanitix.com/public-money...

Very much looking forward to the next three weeks, as we move from Adelaide to Bristol to Amsterdam to Sheffield to London to Vienna, and all too briefly to Pagham, for the anti-austerity conference, three #MMT workshops and one other event. modernmoneylab.org.uk/events/

#MMT in Yorkshire. Interactive, accessible, anti-austerity weekend workshop, loosely based on a university course, in Sheffield on 20/21 September. I hope to see you there. events.humanitix.com/public-money...

On Day 1 of the Bristol Anti-Austerity Conference on 12th Sept, I will (in person) demolish this article, which is beset with misunderstandings (www.bbc.com/news/article...) and Stephanie Kelton (online) will provide a more positive vision of the future. Come along! modernmoneylab.org.uk/events/

#MMT 10 days to Bristol; 12 to Amsterdam; 18 to Sheffield; 25 days to Vienna. One conference and three Modern Monetary Theory workshops. See you in one of those places, I hope. modernmoneylab.org.uk/events/ modernmoneylab.org.au/events/

Steven's message to our brilliant students on their literature reviews. "Congrats. to all. You have once again made my life at the University very difficult, as it is impossible not to set a grade distribution which looks almost incredible to any outside observer who has not read your work."

Our speaker this week was the renowned social epidemiologist Richard Wilkinson, whose presentation was entitled Inequality: the Social Evaluative Threat. He kindly agreed for us to make the recording available, so here it is youtu.be/8MccFIaAO-o?...