Cambridge University Press asked if I'd do a blog post to advertise my new book. Sure! Here it is (very short, quick read): cambridgeblog.org/2026/05/fixi...

How Does Money Work According to MMT? 6. Who Owns the Central Bank?Central banks are public institutions run for and by governments—not privately held by corporations or families.Related Substack:Financial Markets Can't Punish a Sov... https://darrenquinn.substack.com/p/who-owns-the-central-bank

The Gigawatt Hallucination: Why Wall Street’s AI Boom Can’t Print Diesel The Dual-Seal is active. Geospatial data shows waterways devoid of signals as trade is violently rerouted.G'day.I'm writing this from Cowra, in regional New S... https://darrenquinn.substack.com/p/the-gigawatt-hallucination

Imports are real benefits. Exports are real costs. That's the base case for analysis in a currency-issuing economy. The UK gets goods and services; in return, it exports pounds. Which would you rather have? #MMT #economics #UKpolitics mmtuk.org/education/mm...

Europe's austerity consensus isn't economic law. It's a political choice. Join Modern Money Lab EU to help build the economic arguments that counter it. We're hosting workshops in Stockholm (27 June) and Brussels (28-29 June) with Steven Hail. #MMT modernmoneylab.eu/join/

You could join us - its a well-established online Masters in economics, recommended by #MMT economists like Stephanie Kelton and described on the site of the International Society for Ecological Economics, www.isecoeco.org/torrens-univ...

Why the Job Guarantee is a Class Question, Not a Technical One The mechanics of production have changed, but the mechanics of class discipline have not. The threat of unemployment remains capital's ultimate weapon. https://darrenquinn.substack.com/p/why-the-job-guarantee-is-a-class-question

"One Nation announces Norway-inspired gas policy" "The commonwealth would acquire a 30% equity stake in new gas ventures" Should be no new gas ventures Should take that equity in current companies at a discounted price, reflecting huge subsidies and assets that will be stranded as gas use declines

I realize this puts me in oft mocked MMT territory, but it seems to me the value of taxing the rich is not to fund government but to compress the wealth distribution, so as to ensure those up top are not so disproportionately wealthier than others as to be able to exercise vast undemocratic power.

Someone this week asked how to answer a councillor who insisted austerity was inevitable. The room had the answer ready. From housing to the NHS to green investment, the conversation keeps moving: what are the real constraints, and who chose this one? Are you in the room? #MMT #Economics

How Does Money Work According to MMT? 5. Do banks or the government create money?Both do. Banks make money through lending, backed by government-issued currency. https://darrenquinn.substack.com/p/do-banks-or-government-create-money

The economists who figured out how the public purse actually works have been right for thirty years. Now we have the instruments to prove it. The latest Modern Money Matters drop is live. We're running the Godley Terminal to track what the RBA either can't see, or won't say. #MMT

open.substack.com/pub/darrenqu... #MMT

The Mechanics of the Anchor: How the Job Guarantee Wage Actually Works The Job Guarantee is not a blunt instrument. It is a precision mechanism — and understanding exactly how it locks int... https://darrenquinn.substack.com/p/the-mechanics-of-the-anchor-how-the-job-guarantee-wage-actually-works

The Bond-Selling Bluff - How Debt Stories Keep Us Small: buff.ly/TctFoyp Why the Bond Market is Nothing at all like a Credit Card Bill #MMT and more special goodies for those who head over and read the post in full. IYKYK

The Civil Response to Richard Murphy Darren Quinn is an Australian economist, system dynamics analyst, and macroeconomic educator specialising in Modern Monetary Theory (MMT), buffer stock mechanisms, and ecological econo... https://darrenquinn.substack.com/p/the-civil-response-to-richard-murphy

Is the #MMT Job Guarantee a non-negotiable structural stabiliser, or do you view it as a discretionary design preference? open.substack.com/pub/darrenqu...

I don't mind if you disagree with #MMT, but first you have to demonstrate that you understand it. And then, and only then, you can point out, show, demonstrate what and how you disagree with about MMT. Make sure you are disagreeing with MMT, not something that may be MMT-informed, too.

Inflation matters. MMT doesn't ignore it. But unemployment is also a cost, paid by real people in lost wages and broken lives. Both sides of that equation belong in any honest policy debate. #MMT #Economics

The Burnout Myth + Cognitive Buffer Stocks + Why I’m Hitting Pause You cannot fight for a resilient network if your own core is fragile. https://darrenquinn.substack.com/p/the-burnout-myth-cognitive-buffer

What is MMT and Why Does It Matter? 4. Is MMT a political agenda?No. MMT describes how money and government finance work, no matter the political party or perspective.Related Substack:The Flaws of Mainstream Attacks on Modern Moneta... https://darrenquinn.substack.com/p/is-mmt-a-political-agenda

If first home buyers are the big winners from the budget, the big losers are National Disability Insurance Scheme participants. Read the full media release on our website ⬇️ https://theaus.in/42tVFuO

In 18 years of closely watching federal budgets, I've never seen a budget measure with this level of social spending cuts (not even in Joe Hockey's 2014 budget). $36b in NDIS cuts over the forward estimates

The Illusion of Progressive Fiscal Policy #Budget2026 Aust. 2026-27 Budget suite reveals a profound macroeconomic contradiction: It promotes progressive aims like cost-of-living relief, industrial transition, and women's empowerment, but remains tied to orthodox, neoclassical limits. #econsky #econ

SIR #009: THE STAGFLATION ENGINE SIR #009: THE STAGFLATION ENGINEWhy the NAB April survey confirms total margin annihilation and a post-COVID capex collapse prior to this evening's budget release.PREFACEYou are reading the Stru... https://darrenquinn.substack.com/p/sir-009-the-stagflation-engine

The Missing Anchor: What Happens to MMT When You Remove the Price Stabiliser If you remove the anchor, the ship still drifts. If you remove the Job Guarantee from the MMT framework, the NAIRU takes the wheel by default. https://darrenquinn.substack.com/p/the-missing-anchor

Dismantling the myth that #MMT doesn’t consider opportunity costs & trade-offs.

Sunday Deep Dive: The Mortgage Paradox Statutory profits are a ceremonial mask hiding the biophysical truth: an $8.4B SME risk sublimation and exploding impairment models.Unmasking the 2026 Bank Profits IllusionThe Axiom... https://darrenquinn.substack.com/p/sunday-deep-dive-the-mortgage-paradox

As someone once said “Money printing” is the laziest, most intellectually bankrupt critique of #MMT, trotted out when there’s zero understanding of how modern monetary systems actually operate.

The Nihilism Trap: Why 'You Can't Vote Your Way Out' Is the New 'Degrowth' We don't get to choose which part of the machine we operate. https://darrenquinn.substack.com/p/the-nihilism-trap

The Sledgehammer and the Fuel Pump Raising interest rates to fight a physical fuel shortage is the definition of Administrative Violence.G’day.Tuesday, the Reserve Bank of Austral... https://darrenquinn.substack.com/p/the-sledgehammer-and-the-fuel-pump

SIR #008: The Biophysical Starvation SIR #008: The Biophysical StarvationWhy the first trade deficit in nine years proves the RBA is fighting a physical fuel shortage with your mortgage.P... https://darrenquinn.substack.com/p/sir-008-the-biophysical-starvation

The 4.35% Execution The real-world collision of ceremonial central banking and household budgets.Crushing the Australian Mortgage BeltG’day.At 2:30 PM yesterday, t... https://darrenquinn.substack.com/p/the-435-execution

The recording is available here youtu.be/WmS1PCHNl_M?...

The recording is available here youtu.be/WmS1PCHNl_M?...

NAB and Westpac H1 2026 results expose the reality of the Australian economy. A $1.2B SME slaughter collides with a 155% surge in Westpac impairment charges, masking a Q3 residential mortgage cliff. www.linkedin.com/pulse/pincer...

May 5: Listening, Responding, Evolving You told me what needed fixing: A blurry value line and a price point that blocked too many from joining. I asked for feedback, you delivered, so now ... https://darrenquinn.substack.com/p/may-5-listening-responding-evolving

Modern Money Matters Monthly April 2026 The cockpit view — moving from watching the gauges to actually flying the ship.Editorial: The Month the Engine Manual Hit the DeskDate: April 30... https://darrenquinn.substack.com/p/modern-money-matters-monthly-april-2026

NAB's H1 2026 results reveal an 8.7% revenue mirage masking a 19.3% profit crater and a $1.2 billion impairment shock. The Australian SME liquidation event has officially hit the banking ledger. www.linkedin.com/pulse/tactic... I called it in February: darrenquinn.substack.com/s/structural...

That's what this is for: darrenquinn.substack.com/p/fightback-...

We don’t wait for the market to drip-feed the future; we build it. Introducing the 17 key commitments to a Social Floor and a Job Guarantee. Fightback 2.0: Daring Greatly in an Age of Scarcity open.substack.com/pub/darrenqu...

Fightback 2.0: Daring Greatly in an Age of Scarcity Turning the key in the ignition. The engine is running.Fightback 2.0: Daring Greatly in an Age of Scarcity“We are told that poverty is a natural... https://darrenquinn.substack.com/p/fightback-20-daring-greatly

The Nihilism Trap: Why 'You Can't Vote Your Way Out' Is the New 'Degrowth' We don’t get to choose which part of the machine we operate. We have to fly the whole damn plane.The Nihilism Trap: Why ‘You Can’t V... https://darrenquinn.substack.com/p/the-nihilism-trap

The Blueprint for Dignity: How We Build the Bridge Turning ‘Mutual Obligation’ from a threat into a promise.The Blueprint for Dignity: How We Build the Bridge“We don’t wait for ... https://darrenquinn.substack.com/p/the-blueprint-for-dignity-how-we-build-the-bridge

The nihilism trap is a real one. Every exit gets labeled as the new fringe the moment it threatens the operational consensus. Voting your way out was never the whole answer, and neither is not voting, and the framing is designed to keep both sides exhausted.

It's interesting how removing support from the disabled ended up being a quick decision, but removing generous tax concessions from wealthy property investors is still being worked out. Let's punch down, not punch up. It's always the poor and vulnerable doing the belt tightening. #auspol

The Job Guarantee: The Anchor Our Economy Needs Managing poverty versus managing production.The Job Guarantee: The Anchor Our Economy Needs“We don’t need to choose between ‘cruel p... https://darrenquinn.substack.com/p/the-job-guarantee-the-anchor-our-economy-needs

The Nihilism Trap: Why 'You Can't Vote Your Way Out' Is the New 'Degrowth' We don’t get to choose which part of the machine we operate. We have to fly the whole damn plane.The Nihilism Trap: Why ‘You Can’t V... https://darrenquinn.substack.com/p/the-nihilism-trap

Not a direct answer to something I was asked, but this is my generalised view

The Canberra Bubble keeps treating this "cost-of-living crisis" like an unpredictable weather event. It’s a Ceremonial Lie. This is a structurally generated Stagflation Trap. And we caught it on the Godley Terminal 47 days before the banks priced it in. 1/10 🧵👇