William Mitchell @billmitchell.org · 29/09/2026The 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. 075
William Mitchell @billmitchell.org · 27/09/2026Monday'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=63389billmitchell.orgRBA Monetary Policy Board member refutes on-going claims from the RBA governor about unemployment – William Mitchell – Modern Monetary Theory 021
William Mitchell @billmitchell.org · 24/09/2026Thursday'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=63377billmitchell.orgAustralian labour market – full-time jobs decline as unemployment continues to rise – William Mitchell – Modern Monetary Theory 161
William Mitchell @billmitchell.org · 21/09/2026Monday'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=63373billmitchell.orgThe failure of neoliberalism and the progressive failure to articulate that has engendered the rise of the far Right – William Mitchell – Modern Monetary Theory 077
William Mitchell @billmitchell.org · 16/09/2026Thursday'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=63371billmitchell.orgThe elaborate farce being played out between the Bank of England and the British Treasury – William Mitchell – Modern Monetary Theory 056
William Mitchell @billmitchell.org · 14/09/2026Monday's blog post (14/09) is now posted (17:08 EAT) - Is opposition to the AI development the new Ludditism? - billmitchell.org/blog/?p=63369billmitchell.orgIs opposition to the AI development the new Ludditism? – William Mitchell – Modern Monetary Theory 121
William Mitchell @billmitchell.org · 10/09/2026Thursday'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=63363billmitchell.orgIs Keynesianism dead? Far from it – it provides the life support system for a crisis-ridden capitalism – William Mitchell – Modern Monetary Theory 075
William Mitchell @billmitchell.org · 07/09/2026Monday's blog post (07/09) is now posted (16:58 EAT) - Yen starts to appreciate again - as you were! - billmitchell.org/blog/?p=63364billmitchell.orgYen starts to appreciate again – as you were! – William Mitchell – Modern Monetary Theory 053
William Mitchell @billmitchell.org · 03/09/2026Thursday'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=63360billmitchell.orgLatest Australian national accounts data provide no justification for further interest rate rises – William Mitchell – Modern Monetary Theory 152
William Mitchell @billmitchell.org · 02/09/2026Wednesday'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=63346billmitchell.orgAustralian national accounts – subdued conditions continue amidst an EV purchasing boom – William Mitchell – Modern Monetary Theory 072
William Mitchell @billmitchell.org · 31/08/2026Monday'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=63345billmitchell.orgWhy do we support political inaction that undermines our well-being? – William Mitchell – Modern Monetary Theory 074
William Mitchell @billmitchell.org · 26/08/2026Thursday'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=63343billmitchell.orgGovernment debt hysteria relies on acceptance of a totally unnecessary administrative practice – William Mitchell – Modern Monetary Theory 051
William Mitchell @billmitchell.org · 24/08/2026Monday'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=63341billmitchell.orgAustralian government debt approaching $A1 trillion – who cares? Everybody it seems but me – William Mitchell – Modern Monetary Theory 1115
William Mitchell @billmitchell.org · 20/08/2026Thursday'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=63329billmitchell.orgAustralian labour market – unemployment continues to rise as a deliberate policy choice – William Mitchell – Modern Monetary Theory 052
William Mitchell @billmitchell.org · 19/08/2026Wednesday'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=63326billmitchell.orgReal wages in Australia decline for the third consecutive quarter – William Mitchell – Modern Monetary Theory 153
William Mitchell @billmitchell.org · 17/08/2026Monday'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=63323billmitchell.orgECB research paper continues to deny that bond buying programmes essentially funded the Eurozone governments – William Mitchell – Modern Monetary Theory 053
William Mitchell @billmitchell.org · 12/08/2026Wednesday'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=63321billmitchell.orgAlt 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 051
William Mitchell @billmitchell.org · 10/08/2026Monday'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=63319billmitchell.orgBe thankful for small mercies – proposed cut in Japan’s sale tax – William Mitchell – Modern Monetary Theory 063
William Mitchell @billmitchell.org · 05/08/2026Wednesday'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.orgJapan’s proposed investment boost will not run out of yen – William Mitchell – Modern Monetary Theory 062
William Mitchell @billmitchell.org · 03/08/2026Monday'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=63289billmitchell.orgA shift to fiscal surplus in Australia would amount to a criminal act by government – William Mitchell – Modern Monetary Theory 051
William Mitchell @billmitchell.org · 30/07/2026Thursday'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=63287billmitchell.orgRBA governor makes another self-serving public presentation ignoring the dismal reality she is helping to create – William Mitchell – Modern Monetary Theory 052
William Mitchell @billmitchell.org · 27/07/2026Monday'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=63286billmitchell.orgAnother neoliberal institution shown to be unfit for purpose while lining the pockets of private equity and millionaires – William Mitchell – Modern Monetary Theory 062
William Mitchell @billmitchell.org · 23/07/2026Thursday'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=63273billmitchell.orgAustralian labour market – shifts towards part-time work perhaps the first signal that a contraction is coming – William Mitchell – Modern Monetary Theory 031
William Mitchell @billmitchell.org · 16/07/2026Thursday'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=63262billmitchell.orgProposed pension reform in Japan (and elsewhere) misses the point – William Mitchell – Modern Monetary Theory 053
William Mitchell @billmitchell.org · 13/07/2026Monday'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=63259billmitchell.orgImagine if the British government wrote off its holdings of its own debt – William Mitchell – Modern Monetary Theory 065
William Mitchell @billmitchell.org · 09/07/2026Thursday'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=63257billmitchell.orgBank of International Settlements pushing the ‘growth friendly austerity’ myth – William Mitchell – Modern Monetary Theory 062
William Mitchell @billmitchell.org · 06/07/2026Monday's blog post (06/07) is now posted (17:38 EAT) - Depreciating yen - look beyond the obvious for the explanation - billmitchell.org/blog/?p=63252billmitchell.orgDepreciating yen – look beyond the obvious for the explanation – William Mitchell – Modern Monetary Theory 076
William Mitchell @billmitchell.org · 02/07/2026Thursday'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=63249billmitchell.orgWhat the new British government needs to do to get the unions on side with climate action – William Mitchell – Modern Monetary Theory 074
William Mitchell @billmitchell.org · 29/06/2026Monday'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=63247billmitchell.orgApparently the RBA has the interests of the unemployed it is putting out of work at heart. Not! – William Mitchell – Modern Monetary Theory 084
William Mitchell @billmitchell.org · 25/06/2026Thursday'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=63236billmitchell.orgAustralian labour market – slight improvement after dismal results in April – William Mitchell – Modern Monetary Theory 041
William Mitchell @billmitchell.org · 22/06/2026Monday'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=63235billmitchell.orgReplacing Starmer/Reeves with another captive of the finance sector will change nothing – William Mitchell – Modern Monetary Theory 063
William Mitchell @billmitchell.org · 18/06/2026Thursday's blog post (18/06) is now posted (12:07 EAT) - Towards a progressive rebuttal of the far Right narratives - billmitchell.org/blog/?p=63233billmitchell.orgTowards a progressive rebuttal of the far Right narratives – William Mitchell – Modern Monetary Theory 075
William Mitchell @billmitchell.org · 15/06/2026Monday'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=63230billmitchell.orgCan capitalism survive? Not if we want to solve the climate and poverty crisis – William Mitchell – Modern Monetary Theory 083
William Mitchell @billmitchell.org · 11/06/2026Thursday'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=63226billmitchell.orgApparently the UK government is about to do the impossible – run out of sterling – William Mitchell – Modern Monetary Theory 0135
William Mitchell @billmitchell.org · 04/06/2026Thursday'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=63218billmitchell.orgAustralia’s lowest paid workers enjoy a modest real wage gain courtesy Fair Work Commission – William Mitchell – Modern Monetary Theory 031
William Mitchell @billmitchell.org · 03/06/2026Wednesday'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=63204billmitchell.orgAustralian national accounts – economy weakened in the March-quarter (and we are yet to see the Trump War impact) – William Mitchell – Modern Monetary Theory 052
William Mitchell @billmitchell.org · 01/06/2026Monday's blog post (01/06) is now posted (17:00 EAT) - Monetary policy is not fit for purpose - billmitchell.org/blog/?p=63197billmitchell.orgMonetary policy is not fit for purpose – William Mitchell – Modern Monetary Theory 053
William Mitchell @billmitchell.org · 28/05/2026Thursday'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=63195billmitchell.orgLatest changes to Australian privatised job service industry are just window dressing and the sociopaths remain dominant – William Mitchell – Modern Monetary Theory 032
William Mitchell @billmitchell.org · 25/05/2026Monday'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=63192billmitchell.orgAnother major disservice in the quest for an enlightened society – William Mitchell – Modern Monetary Theory 084
William Mitchell @billmitchell.org · 21/05/2026Thursday'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=63177billmitchell.orgAustralian labour market – sharp deterioration in April (RBA will be happy!) – William Mitchell – Modern Monetary Theory 031
William Mitchell @billmitchell.org · 18/05/2026Monday'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=63171billmitchell.orgAustralian government being bullied by the RBA to move towards irresponsible austerity – William Mitchell – Modern Monetary Theory 042
William Mitchell @billmitchell.org · 14/05/2026Thursday'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=63166billmitchell.orgLatest wages data makes a mockery of the RBA claims that the economy is overheating – William Mitchell – Modern Monetary Theory 163
William Mitchell @billmitchell.org · 11/05/2026Monday'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=63165billmitchell.orgArticle 4 of the Bank of Japan Act 1997 ensures fiscal and monetary policy must work together – William Mitchell – Modern Monetary Theory 032
William Mitchell @billmitchell.org · 07/05/2026Thursday's blog post (07/05) is now posted (12:14 EAT) - RBA rate hikes - ideology triumphing over evidence and reason - billmitchell.org/blog/?p=63161billmitchell.orgRBA rate hikes – ideology triumphing over evidence and reason – William Mitchell – Modern Monetary Theory 051
William Mitchell @billmitchell.org · 04/05/2026Monday's blog post (04/05) is now posted (16:31 EAST) - US economy on an unstable knife edge at present - billmitchell.org/blog/?p=63155billmitchell.orgUS economy on an unstable knife edge at present – William Mitchell – Modern Monetary Theory 053
William Mitchell @billmitchell.org · 30/04/2026Thursday'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=63150billmitchell.orgHas the UAE seen the writing on the wall (peak oil that is)? – William Mitchell – Modern Monetary Theory 082
William Mitchell @billmitchell.org · 23/04/2026Thursday's blog post (23/04) is now posted (17:35 EAT) - Robert Skidelsky death - some recollections - billmitchell.org/blog/?p=63146billmitchell.orgRobert Skidelsky death – some recollections – William Mitchell – Modern Monetary Theory 163
William Mitchell @billmitchell.org · 20/04/2026Monday'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=63144billmitchell.orgA classic case of the Australian government denying that it is the Australian government – William Mitchell – Modern Monetary Theory 062
William Mitchell @billmitchell.org · 16/04/2026Thursday's blog post (16/04) is now posted (12:47 EAST) - Australian labour market - largely stable but dark clouds present - billmitchell.org/blog/?p=63134billmitchell.orgAustralian labour market – largely stable but dark clouds present – William Mitchell – Modern Monetary Theory 053
William Mitchell @billmitchell.org · 13/04/2026Monday's blog post (13/04) is now posted (16:33 EAST) - A structured approach for progressive political ambitions – Part 7 - billmitchell.org/blog/?p=63131billmitchell.orgA structured approach for progressive political ambitions – Part 7 – William Mitchell – Modern Monetary Theory 051