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Modern Money Lab @modernmoneylab.bsky.social · 24/09/2026

A member of the RBA Board says "there is no evidence of the emergence of a wage-price spiral in the present circumstances and recent data suggest such an outcome is unlikely". And yet, the Governor wants more unemployment. Gareth Hutchens, as always, writes well: www.abc.net.au/news/2026-09...

abc.net.au

No evidence of a 'wage-price spiral' in Australia

There is no evidence of runaway wage growth emerging in Australia, RBA board member Iain Ross says.

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Modern Money Lab @modernmoneylab.bsky.social · 22/09/2026

Did we say Sheridan Kates is one of our graduates? She is brilliant in this interview, which I recommend for a refreshing discussion of realistic and progressive economics. youtu.be/7MB_2G5MeNE?...

youtu.be

Ed Poole speaks to Sheridan Kates about Fiscal Referees

YouTube video by Amplify with Ed Poole

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Modern Money Lab @modernmoneylab.bsky.social · 07/09/2026

Professor Andrew Trigg will be talking about his new book, "Heterodox Economics", on Wednesday (evening in Australia; lunchtime in Europe). Join us live if you can. Like all our public talks, it is free: events.humanitix.com/trigg-hetero...

events.humanitix.com

Professor Andrew Trigg on Heterodox Economics

Professor Trigg joins us to discuss his new book, Heterodox Economics.

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Modern Money Lab @modernmoneylab.bsky.social · 04/09/2026

Rising bond yields are mainly a function of expectations about rising policy interest rates. There are some other minor factors, but it has nothing to do with a collapse in the USD, default risk or anything like that. If the USD collapsed, the following line would be steeply downward sloping.

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Modern Money Lab @modernmoneylab.bsky.social · 01/09/2026

"there is now an online master’s degree in sustainability (offered by Torrens University) that uses as its core economic theory one derived from Post Keynesian economics and MMT." Thanks to Saas and Harvey, for this reference to our course. www.tandfonline.com/doi/full/10....

tandfonline.com

A Rhetorical History of Modern Money Theory

Over the course of its development across three decades, the heterodox school of political economy known as Modern Money Theory (MMT) progressed from a state of total obscurity to widespread notori...

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Modern Money Lab @modernmoneylab.bsky.social · 31/08/2026

A terrific article by David Olney, who some will remember from his Blind Insights podcast series with Tim Whiffen. "Each change made sense to somebody, rewarded somebody, or solved part of a problem. Together, they produced a mess." davidolney.com.au/how-the-hell...

davidolney.com.au

How the hell did we get here? Why the West is a mess - David Olney

David James Olney31 August, 2026A systems account of political economy, social connection, emotional maturity, health, and institutional problem solving Executive SummaryHow the hell did we get here? ...

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Modern Money Lab @modernmoneylab.bsky.social · 25/08/2026

Join a Q and A session this week and meet our Economics of Sustainability program Academic Director Steven Hail: 🌎Thurs 27/8 morning Australia / Wed 26/8 evening USA and Canada 🌍Thurs 27/8 evening Australia / Wed 26/8 morning UK and midday Europe 📧 info@modernmoneylab.org.au for the zoom link

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Modern Money Lab @modernmoneylab.bsky.social · 24/08/2026

We are confident we have not been wasting our time.

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Modern Money Lab @modernmoneylab.bsky.social · 20/08/2026

We will be there. Unfortunately, our Premier takes the absence of any serious opposition party in South Australia as a ticket to do whatever he likes. We the people do not want to lose what is unique about Adelaide for the sake of a motorbike race through the City. Stop the Chop!

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Modern Money Lab @modernmoneylab.bsky.social · 18/08/2026

Other than Torrens University, the institution with which we have been most closely linked in recent years is Bennington College, Vermont. Bennington is famous for its approach to liberal arts education, and also notable as the home of Karl Polanyi, author of the classic The Great Transformation.

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Modern Money Lab @modernmoneylab.bsky.social · 18/08/2026

When I shared photos of various prominent performers who are students or graduates of our Economics of Sustainability program I omitted a photo of the South African jazz musician, Buddy Wells/ Let me put that right. Check him out: www.youtube.com/@buddywells5...

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Modern Money Lab @modernmoneylab.bsky.social · 17/08/2026

Good to see this. MMT on the move in Australia. Shireen Morris & Matthew Crocker (15 Jul 2026): Australian Monetary Sovereignty: Origins, Evolution and Implications for Federal Spending, Review of Political Economy. dro.deakin.edu.au/ndownloader/...

dro.deakin.edu.au

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Modern Money Lab @modernmoneylab.bsky.social · 17/08/2026

In case anyone would like to know what we discussed at an event entitled From Austerity to Resilience in June in Stockholm. A One-Day MMT Seminar in Stockholm stevenhailaus.substack.com/p/a-one-day-...

stevenhailaus.substack.com

A One-Day MMT Seminar in Stockholm

FROM AUSTERITY TO RESILIENCE - HOW WE CAN BUILD A BETTER ECONOMY

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Modern Money Lab @modernmoneylab.bsky.social · 13/08/2026

Matt Crocker is a former student of Steven, who was his Master's degree supervisor at the University of Adelaide. Since then, Matt has completed a PhD at Deakin on Australia's monetary system. We love Matt's video - youtu.be/vqsMGUH8Phk?...

youtu.be

Have you Ever Wondered how the Australian government spends money?

YouTube video by Deakin University

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Modern Money Lab @modernmoneylab.bsky.social · 13/08/2026

More wisdom from Susan Borden of Modern Money Lab. The 3Ds: Donella, the Doughnut, and Deficits That Matter susanborden.substack.com/p/the-3ds-do...

susanborden.substack.com

The 3Ds: Donella, the Doughnut, and Deficits That Matter

Part Three

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Modern Money Lab @modernmoneylab.bsky.social · 12/08/2026

Some of our current students and graduates. Still time to join them on our graduate program in September, & we also have start dates in February and June each year. We specialise in Modern Monetary Theory and ecological economics - economics for the 21st century. www.torrens.edu.au/courses/busi...

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Modern Money Lab @modernmoneylab.bsky.social · 11/08/2026

We love happy students. If you're thinking about joining our Graduate Program, next month or at some point in the future, we would love to have a chat with you! Students of all ages and backgrounds welcome. modernmoneylab.org.au/courses/ Contact us with your questions: info@modernmoneylab.org.au

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Modern Money Lab @modernmoneylab.bsky.social · 07/08/2026

Modern Money Lab Guest Speaker (as usual, a free online event) - Wed, 9 Sep, 7:30pm - 8:30pm ACST Professor Andrew Trigg joins us to discuss his new book, Heterodox Economics. Join us if you can! events.humanitix.com/trigg-hetero...

events.humanitix.com

Professor Andrew Trigg on Heterodox Economics

Professor Trigg joins us to discuss his new book, Heterodox Economics.

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Modern Money Lab @modernmoneylab.bsky.social · 28/07/2026

This bonus Q&A session with Professor Stephanie Kelton held on 21 July 2026 follows three talks we ran for a workshop (entitled "From Austerity to Resilience") in Brussels in June 2026. youtu.be/qoo_77RNNck?...

youtu.be

"From Austerity to Resilience" MMT Q&A with Stephanie Kelton

YouTube video by Modern Money Lab

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Modern Money Lab @modernmoneylab.bsky.social · 27/07/2026

Every news item in the UK at the moment has the same theme, repeated over and over again. The theme is 'how to pay for it', whether the topic is social care, or whatever else.

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Modern Money Lab @modernmoneylab.bsky.social · 26/07/2026

"The love of money as a possession will be recognised for what it is, one of those semi-criminal, semi-pathological propensities which one hands over with a shudder to the specialists in mental disease." John Maynard Keynes Economic Possibilities for our Grandchildren 1930

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Modern Money Lab @modernmoneylab.bsky.social · 26/07/2026

Excellent work by our old friend, Lachlan McCall, who incidentally played a big role in the 2020 Adelaide Conference which has led on to so much, including our Masters degree. www.abc.net.au/news/2026-07...

abc.net.au

Factory-built homes could help Australia reindustrialise, report says

Factory-built homes could solve Australia's housing crisis and drive reindustrialisation, a Labor think tank report says.

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Modern Money Lab @modernmoneylab.bsky.social · 14/07/2026

What a privilege it was to travel to beautiful European cities, and meet new and old friends to talk #MMT & Anti-Austerity Economics. Our workshops sow seeds of change - Modern Money Lab is now growing on 3 continents. modernmoneylab.eu @modernmoneylab.org.uk @mmlusa.bsky.social

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Modern Money Lab @modernmoneylab.bsky.social · 07/07/2026

Modern Money Lab has been a registered not-for-profit in Australia since more or less when we started. It is much harder to get tax-deductibility status, which is essentially full charity status, for donations from Australian taxpayers.

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Modern Money Lab @modernmoneylab.bsky.social · 02/07/2026

Another brilliant piece of writing by Modern Money Lab’s Susan Borden. Donella, the Doughnut, and Deficits that Matter open.substack.com/pub/susanbor...

open.substack.com

Donella, the Doughnut, and Deficits that Matter

PART ONE

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Modern Money Lab @modernmoneylab.bsky.social · 27/06/2026

The hottest day ever recorded in the UK in May is 35.1°C (95.2°F), which was set on May 26, 2026, at Kew Gardens in Greater London. The hottest day ever recorded in the UK in June is 37.3°C (99.1°F), which was set on June 26, 2026, in Suffolk. Nigel Farage thinks this is funny.

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Modern Money Lab @modernmoneylab.bsky.social · 24/06/2026

I can't get past the paywall, but I am most grateful a Swedish journalist is taking an interest in us. We are in Stockholm on Saturday. www.etc.se/ekonomi/aust...

etc.se

Australiska ekonomigurun: Sverige stramar åt – på grund av myter

Steven Hail: Därför har Sverige bostadskris och hög arbetslöshet.

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Modern Money Lab @modernmoneylab.bsky.social · 23/06/2026

Having done Brighton and Durham (private event), next weekend we will be running our From Austerity to Resilience workshops in Stockholm (Saturday) and Brussels (Sunday). events.humanitix.com/anti-austeri... events.humanitix.com/anti-austeri...

events.humanitix.com

From Austerity to Resilience - How to Build a Better Economy | Brussels

A one-day workshop on MMT as a guide to economic policy analysis, anti-austerity economics, and promoting social justice and ecological sustainability.

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Modern Money Lab @modernmoneylab.bsky.social · 23/06/2026

On the World Service... "Is Britain so constrained by having so much government debt that nothing can change with a new PM?" No. That is not how the money system works. It's not that complicated. Wake up, UK!

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Reposted by Modern Money Lab

Modern Money Lab U.S. @mmlusa.bsky.social · 12/06/2026

Hey #Maine! If you're in the #Portland area, join us @ SPACE on July 12 to watch "Finding the Money" and discuss how to fight the oligarchy + make life better and more affordable for the working class. events.humanitix.com/finding-the-...

events.humanitix.com

Finding the Money: Film Screening + Discussion @ SPACE

Join other locals for a screening and discussion of "Finding the Money", a film about how our public money system can promote social and economic justice.

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Modern Money Lab @modernmoneylab.bsky.social · 16/06/2026

Want to know what it's like attending one of our workshops? Join us this Saturday for From Austerity to Resilience - How to Build a Better Economy | Brighton Tickets from £6 or contact us for a free place #brightonandhove #sustainability #MMT events.humanitix.com/anti-austeri...

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Modern Money Lab @modernmoneylab.bsky.social · 15/06/2026

The fruits of austerity for the Nationals in New Zealand/Aotearoa will be a big electoral defeat. Everywhere you look, pretty much, major parties are slowly destroying themselves, and - to simplify for brevity - it is essentially because they don't understand modern money.

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Modern Money Lab @modernmoneylab.bsky.social · 14/06/2026

Neither Governments nor Oppositions nor (nearly) all their advisors understand how modern monetary systems work. It is not so much that they are all lying, although some are, as that they are ill-advised. It matters. Come along & discuss it - Brighton (June 20), Stockholm (June 27); Brussels (UK).

events.humanitix.com

From Austerity to Resilience - How to Build a Better Economy | Brighton

A one-day workshop on MMT as a guide to economic policy analysis, anti-austerity economics, and promoting social justice and ecological sustainability.

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Modern Money Lab @modernmoneylab.bsky.social · 11/06/2026

People like Nigel Farage stoke hatred and violence, and I feel sorry for them. I feel sorry for them because they lack compassion, kindness, self reflection, generosity of spirit and everything really which should be the basis of a successful society.

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Modern Money Lab @modernmoneylab.bsky.social · 10/06/2026

I am delighted to say that the excellent Max Jerneck, of the Stockholm School of Economics and Katalys, will be a speaker at our From Austerity to Resilience - How to Build a Better Economy event in Stockholm on Saturday 27th June. Come along, if you can! events.humanitix.com/anti-austeri...

events.humanitix.com

From Austerity to Resilience - How to Build a Better Economy | Stockholm

A one-day workshop on MMT as a guide to economic policy analysis, anti-austerity economics, and promoting social justice and ecological sustainability.

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Modern Money Lab @modernmoneylab.bsky.social · 07/06/2026

More jottings, prior to going to Europe. How should we think about inflation? open.substack.com/pub/stevenha...

open.substack.com

How should we think about inflation?

Differently.

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Modern Money Lab @modernmoneylab.bsky.social · 04/06/2026

The European Central Bank deregulates in the name of competition between banks to make risky loans and calls it resilience. We will be talking about resilience in Brussels on June 28th. Our definition of resilience will differ markedly from that of the ECB.

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Modern Money Lab @modernmoneylab.bsky.social · 04/06/2026

When you are tired out from all the admin of this degree, it is nice to see subject enrolments are up again and that this is combined with a record number of students on leave (mainly due to the northern hemisphere summer). We think the Masters has been a success.

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Modern Money Lab @modernmoneylab.bsky.social · 04/06/2026

Upcoming events in England, Sweden and Belgium. We'd love to meet anyone who can come along. June 20th - Brighton - From Austerity to Resilience - How to Build a Better Economy (with Steven Hail, Patricia Pino, Sheridan Kates and Christian Reilly). events.humanitix.com/anti-austeri...

events.humanitix.com

From Austerity to Resilience - How to Build a Better Economy | Brighton

A one-day workshop on MMT as a guide to economic policy analysis, anti-austerity economics, and promoting social justice and ecological sustainability.

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Modern Money Lab @modernmoneylab.bsky.social · 01/06/2026

Saturday June 20th Brighton - Join us if you can for From Austerity to Resilience - How to Build a Better Economy | Brighton Speakers and facilitators include Sheridan Kates of the Greens, Patricia Pino and Christian Reilly of the MMT Podcast and MMTUK, and me. events.humanitix.com/anti-austeri...

events.humanitix.com

From Austerity to Resilience - How to Build a Better Economy | Brighton

A one-day workshop on MMT as a guide to economic policy analysis, anti-austerity economics, and promoting social justice and ecological sustainability.

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Modern Money Lab @modernmoneylab.bsky.social · 29/05/2026

This is what we have been doing for the past few years and are still doing with increasing effect. Come and join us, if you can, or encourage others to do the same. youtu.be/alJSlISglCM?...

youtu.be

Why Torrens University and Modern Money Lab are introducing an Economics of Sustainability course

YouTube video by Torrens University Australia

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Modern Money Lab @modernmoneylab.bsky.social · 29/05/2026

I once saw an interview with Wynne Godley where he argued that, for all their brilliant insights, Post-Keynesians like Joan Robinson, Nicky Kaldor and Richard Kahn left very little behind them,

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Modern Money Lab @modernmoneylab.bsky.social · 28/05/2026

We have students in every continent now - a little thin on the ground in South America as yet. Such a great and diverse bunch on our Masters program, all studying where they live, with nobody needing to fly around the world to join the class. modernmoneylab.org.au/courses/

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Modern Money Lab @modernmoneylab.bsky.social · 27/05/2026

There are some genuinely brilliant economists out there among the MMT community - people whose work is rich in insights and of enormous value. Excluding the already famous, let me recommend Patricia Pino and Darren Quinn as names to follow.

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