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William Mitchell

@billmitchell.org
778 followers 21 following 242 posts

Professor of Economics, one of founders of MMT, professional musician. www.billmitchell.org

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William Mitchell @billmitchell.org · 29/09/2026
The RBA governor claims they cannot do anything about productivity, yet they increase borrowing costs for technology that increases productivity and they also want to kill overall spending, which, via the accelerator, drives investment expenditure, which, in turn, drives productivity growth.
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William Mitchell @billmitchell.org · 27/09/2026
Monday's blog post (28/09) is now posted (06:05 EAT) - RBA Monetary Policy Board member refutes on-going claims from the RBA governor about unemployment - billmitchell.org/blog/?p=63389
billmitchell.org
RBA Monetary Policy Board member refutes on-going claims from the RBA governor about unemployment – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 24/09/2026
Thursday's blog post (24/09) is now posted (12:46 EAT) - Australian labour market - full-time jobs decline as unemployment continues to rise - billmitchell.org/blog/?p=63377
billmitchell.org
Australian labour market – full-time jobs decline as unemployment continues to rise – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 21/09/2026
Monday's blog post (21/09) is now posted (18:09 EAT) - The failure of neoliberalism and the progressive failure to articulate that has engendered the rise of the far Right - billmitchell.org/blog/?p=63373
billmitchell.org
The failure of neoliberalism and the progressive failure to articulate that has engendered the rise of the far Right – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 16/09/2026
Thursday's blog post (17/09) is now posted (06:30 EAT) - The elaborate farce being played out between the Bank of England and the British Treasury - billmitchell.org/blog/?p=63371
billmitchell.org
The elaborate farce being played out between the Bank of England and the British Treasury – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 14/09/2026
Monday's blog post (14/09) is now posted (17:08 EAT) - Is opposition to the AI development the new Ludditism? - billmitchell.org/blog/?p=63369
billmitchell.org
Is opposition to the AI development the new Ludditism? – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 10/09/2026
Thursday's blog post (10/09) is now posted (15:52 EAT) - Is Keynesianism dead? Far from it - it provides the life support system for a crisis-ridden capitalism - billmitchell.org/blog/?p=63363
billmitchell.org
Is Keynesianism dead? Far from it – it provides the life support system for a crisis-ridden capitalism – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 07/09/2026
Monday's blog post (07/09) is now posted (16:58 EAT) - Yen starts to appreciate again - as you were! - billmitchell.org/blog/?p=63364
billmitchell.org
Yen starts to appreciate again – as you were! – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 03/09/2026
Thursday's blog post (03/09) is now posted (17:35 EAST) - Latest Australian national accounts data provide no justification for further interest rate rises - billmitchell.org/blog/?p=63360
billmitchell.org
Latest Australian national accounts data provide no justification for further interest rate rises – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 02/09/2026
Wednesday's blog post (02/09) is now posted (13:05 EAT) - Australian national accounts - subdued conditions continue amidst an EV purchasing boom - billmitchell.org/blog/?p=63346
billmitchell.org
Australian national accounts – subdued conditions continue amidst an EV purchasing boom – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 31/08/2026
Monday's blog post (31/08) is now posted (17:27 EAT) - Why do we support political inaction that undermines our well-being? - billmitchell.org/blog/?p=63345
billmitchell.org
Why do we support political inaction that undermines our well-being? – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 26/08/2026
Thursday's blog post (27/08) is now posted (06:51 EAT) - Government debt hysteria relies on acceptance of a totally unnecessary administrative practice - billmitchell.org/blog/?p=63343
billmitchell.org
Government debt hysteria relies on acceptance of a totally unnecessary administrative practice – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 24/08/2026
Monday's blog post (24/08) is now posted (17:04 EAT) - Australian government debt approaching $A1 trillion - who cares? Everybody it seems but me - billmitchell.org/blog/?p=63341
billmitchell.org
Australian government debt approaching $A1 trillion – who cares? Everybody it seems but me – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 20/08/2026
Thursday's blog post (20/08) is now posted (18:10 EAT) - Australian labour market - unemployment continues to rise as a deliberate policy choice - billmitchell.org/blog/?p=63329
billmitchell.org
Australian labour market – unemployment continues to rise as a deliberate policy choice – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 19/08/2026
Wednesday's blog post (19/08) is now posted (16:04 EAT) - Real wages in Australia decline for the third consecutive quarter - billmitchell.org/blog/?p=63326
billmitchell.org
Real wages in Australia decline for the third consecutive quarter – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 17/08/2026
Monday's blog post (17/08) is now posted (17:16 EAT) - ECB research paper continues to deny that bond buying programmes essentially funded the Eurozone governments - billmitchell.org/blog/?p=63323
billmitchell.org
ECB research paper continues to deny that bond buying programmes essentially funded the Eurozone governments – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 12/08/2026
Wednesday's blog post (12/08) is now posted (17:58 EAT) - Alt protein is the way forward and China is already well ahead of the rest who are infested with destructive neoliberal ideology - billmitchell.org/blog/?p=63321
billmitchell.org
Alt protein is the way forward and China is already well ahead of the rest who are infested with destructive neoliberal ideology – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 10/08/2026
Monday's blog post (10/08) is now posted (16:58 EAT) - Be thankful for small mercies - proposed cut in Japan's sale tax - billmitchell.org/blog/?p=63319
billmitchell.org
Be thankful for small mercies – proposed cut in Japan’s sale tax – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 05/08/2026
Wednesday's blog post (05/08) is now posted (17:32 EAT) - Japan's proposed investment boost will not run out of yen - billmitchell.org/blog/?p=63284 Note: there will be no post tomorrow as usual - I am travelling all day.
billmitchell.org
Japan’s proposed investment boost will not run out of yen – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 03/08/2026
Monday's blog post (03/08) is now posted (16:49 EAT) - A shift to fiscal surplus in Australia would amount to a criminal act by government - billmitchell.org/blog/?p=63289
billmitchell.org
A shift to fiscal surplus in Australia would amount to a criminal act by government – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 30/07/2026
Thursday's blog post (30/07) is now posted (17:09 EAT) - RBA governor makes another self-serving public presentation ignoring the dismal reality she is helping to create - billmitchell.org/blog/?p=63287
billmitchell.org
RBA governor makes another self-serving public presentation ignoring the dismal reality she is helping to create – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 27/07/2026
Monday's blog post (27/07) is now posted (16:00 EAT) - Another neoliberal institution shown to be unfit for purpose while lining the pockets of private equity and millionaires - billmitchell.org/blog/?p=63286
billmitchell.org
Another neoliberal institution shown to be unfit for purpose while lining the pockets of private equity and millionaires – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 23/07/2026
Thursday's blog post (23/07) is now posted (12:15 EAT) - Australian labour market - shifts towards part-time work perhaps the first signal that a contraction is coming - billmitchell.org/blog/?p=63273
billmitchell.org
Australian labour market – shifts towards part-time work perhaps the first signal that a contraction is coming – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 16/07/2026
Thursday's blog post (16/07) is now posted (17:23 EAT) - Proposed pension reform in Japan (and elsewhere) misses the point - billmitchell.org/blog/?p=63262
billmitchell.org
Proposed pension reform in Japan (and elsewhere) misses the point – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 13/07/2026
Monday's blog post (13/07) is now posted (17:13 EAT) - Imagine if the British government wrote off its holdings of its own debt - billmitchell.org/blog/?p=63259
billmitchell.org
Imagine if the British government wrote off its holdings of its own debt – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 09/07/2026
Thursday's blog post (09/07) is now posted (15:25 EAT) - Bank of International Settlements pushing the 'growth friendly austerity' myth - billmitchell.org/blog/?p=63257
billmitchell.org
Bank of International Settlements pushing the ‘growth friendly austerity’ myth – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 06/07/2026
Monday's blog post (06/07) is now posted (17:38 EAT) - Depreciating yen - look beyond the obvious for the explanation - billmitchell.org/blog/?p=63252
billmitchell.org
Depreciating yen – look beyond the obvious for the explanation – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 02/07/2026
Thursday's blog post (02/07) is now posted (12:38 EAT) - What the new British government needs to do to get the unions on side with climate action - billmitchell.org/blog/?p=63249
billmitchell.org
What the new British government needs to do to get the unions on side with climate action – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 29/06/2026
Monday's blog post (29/06) is now posted (16:11 EAT) - Apparently the RBA has the interests of the unemployed it is putting out of work at heart. Not! - billmitchell.org/blog/?p=63247
billmitchell.org
Apparently the RBA has the interests of the unemployed it is putting out of work at heart. Not! – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 25/06/2026
Thursday's blog post (25/06) is now posted (12:39 EAT) - Australian labour market - slight improvement after dismal results in April - billmitchell.org/blog/?p=63236
billmitchell.org
Australian labour market – slight improvement after dismal results in April – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 22/06/2026
Monday's blog post (22/06) is now posted (16:23 EAT) - Replacing Starmer/Reeves with another captive of the finance sector will change nothing - billmitchell.org/blog/?p=63235
billmitchell.org
Replacing Starmer/Reeves with another captive of the finance sector will change nothing – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 18/06/2026
Thursday's blog post (18/06) is now posted (12:07 EAT) - Towards a progressive rebuttal of the far Right narratives - billmitchell.org/blog/?p=63233
billmitchell.org
Towards a progressive rebuttal of the far Right narratives – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 15/06/2026
Monday's blog post (15/06) is now posted (17:59 EAT) - Can capitalism survive? Not if we want to solve the climate and poverty crisis - billmitchell.org/blog/?p=63230
billmitchell.org
Can capitalism survive? Not if we want to solve the climate and poverty crisis – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 11/06/2026
Thursday's blog post (11/06) is now posted (12:20 EAT) - Apparently the UK government is about to do the impossible - run out of sterling - billmitchell.org/blog/?p=63226
billmitchell.org
Apparently the UK government is about to do the impossible – run out of sterling – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 04/06/2026
Thursday's blog post (04/06) is now posted (16:41 EAT) - Australia's lowest paid workers enjoy a modest real wage gain courtesy Fair Work Commission - billmitchell.org/blog/?p=63218
billmitchell.org
Australia’s lowest paid workers enjoy a modest real wage gain courtesy Fair Work Commission – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 03/06/2026
Wednesday's blog post (03/06) is now posted (14:42 EAST) - Australian national accounts - economy weakened in the March-quarter (and we are yet to see the Trump War impact) - billmitchell.org/blog/?p=63204
billmitchell.org
Australian national accounts – economy weakened in the March-quarter (and we are yet to see the Trump War impact) – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 01/06/2026
Monday's blog post (01/06) is now posted (17:00 EAT) - Monetary policy is not fit for purpose - billmitchell.org/blog/?p=63197
billmitchell.org
Monetary policy is not fit for purpose – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 28/05/2026
Thursday's blog post (28/05) is now posted (12:14 EAT) - Latest changes to Australian privatised job service industry are just window dressing and the sociopaths remain dominant - billmitchell.org/blog/?p=63195
billmitchell.org
Latest changes to Australian privatised job service industry are just window dressing and the sociopaths remain dominant – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 25/05/2026
Monday's blog post (25/05) is now posted (14:38 EAT) - Another major disservice in the quest for an enlightened society - billmitchell.org/blog/?p=63192
billmitchell.org
Another major disservice in the quest for an enlightened society – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 21/05/2026
Thursday's blog post (21/05) is now posted (12:32 EAT) - Australian labour market - sharp deterioration in April (RBA will be happy!) - billmitchell.org/blog/?p=63177
billmitchell.org
Australian labour market – sharp deterioration in April (RBA will be happy!) – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 18/05/2026
Monday's blog post (18/05) is now posted (17:34 EAT) - Australian government being bullied by the RBA to move towards irresponsible austerity - billmitchell.org/blog/?p=63171
billmitchell.org
Australian government being bullied by the RBA to move towards irresponsible austerity – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 14/05/2026
Thursday's blog post (14/05) is now posted (15:38 EAT) - Latest wages data makes a mockery of the RBA claims that the economy is overheating - billmitchell.org/blog/?p=63166
billmitchell.org
Latest wages data makes a mockery of the RBA claims that the economy is overheating – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 11/05/2026
Monday's blog post (11/05) is now posted (16:50 EAT) - Article 4 of the Bank of Japan Act 1997 ensures fiscal and monetary policy must work together - billmitchell.org/blog/?p=63165
billmitchell.org
Article 4 of the Bank of Japan Act 1997 ensures fiscal and monetary policy must work together – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 07/05/2026
Thursday's blog post (07/05) is now posted (12:14 EAT) - RBA rate hikes - ideology triumphing over evidence and reason - billmitchell.org/blog/?p=63161
billmitchell.org
RBA rate hikes – ideology triumphing over evidence and reason – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 04/05/2026
Monday's blog post (04/05) is now posted (16:31 EAST) - US economy on an unstable knife edge at present - billmitchell.org/blog/?p=63155
billmitchell.org
US economy on an unstable knife edge at present – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 30/04/2026
Thursday's blog post (30/04) is now posted (16:45 EAT) - Has the UAE seen the writing on the wall (peak oil that is)? - billmitchell.org/blog/?p=63150
billmitchell.org
Has the UAE seen the writing on the wall (peak oil that is)? – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 23/04/2026
Thursday's blog post (23/04) is now posted (17:35 EAT) - Robert Skidelsky death - some recollections - billmitchell.org/blog/?p=63146
billmitchell.org
Robert Skidelsky death – some recollections – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 20/04/2026
Monday's blog post (20/04) is now posted (16:56 EAT) - A classic case of the Australian government denying that it is the Australian government - billmitchell.org/blog/?p=63144
billmitchell.org
A classic case of the Australian government denying that it is the Australian government – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 16/04/2026
Thursday's blog post (16/04) is now posted (12:47 EAST) - Australian labour market - largely stable but dark clouds present - billmitchell.org/blog/?p=63134
billmitchell.org
Australian labour market – largely stable but dark clouds present – William Mitchell – Modern Monetary Theory
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William Mitchell @billmitchell.org · 13/04/2026
Monday's blog post (13/04) is now posted (16:33 EAST) - A structured approach for progressive political ambitions – Part 7 - billmitchell.org/blog/?p=63131
billmitchell.org
A structured approach for progressive political ambitions – Part 7 – William Mitchell – Modern Monetary Theory
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