The Modern Money Network (“MMN”) aims to bring accurate and accessible knowledge of monetary and financial systems to the broader public.

Our symposia bring together students, scholars, professionals and members of the public to discuss, debate and refine ideas about money. Our work combines insights from a range of fields, including law, political economy, finance, history, sociology, anthropology, technology and systems theory.

Our first two seminars, The Historical Evolution of Money and Debt and Governments Are Not Households, are a good introduction to the economic concepts our network promotes.



Conversations & debates between experts from a range of disciplines.

Topic Directory

Monetary & financial concepts explained, with annotated reading lists & other media.


Bibliography of works relevant to the Modern Money Network’s research interests.


Mission & Values

Why we exist, and what we care about.

Upcoming Events

Calendar of chapter meetings & symposia.


How the MMN is structured & governed.


Frequently Asked Questions



Help keep us going.

What is money?

How does money work?

We approach macroeconomic issues as legal realists, asking two critical questions: What is money? and How does money work? Our symposia and learning materials promote the insight that the US Government, along with other governments with fiat currencies and floating exchange rates, cannot “go broke.” That is, such governments face price stability constraints, but not solvency constraints per se. Thus there is no macroeconomic reason for current austerity measures.

Modern Money for Public Purpose

We are committed to the creation and improvement of monetary and financial institutions governed by the public and directed in support of public purpose. We believe in the universal, enforceable and inalienable right of every person to participate in economic life in a manner consistent with basic principles of justice, fairness, equality and dignity.

Who We Are

Student-run and student-conceived, the Modern Money Network welcomes all who are curious about how money works, and how our monetary and financial systems can be improved. Our network includes students, scholars, lawyers, artists, & technologists.


Modern Money, Courts, and Civil Rights--Against Legal Predation

Sep 22, 2017

This panel explores the interplay between the cycle of crisis, austerity, privatization, and the concomitant loss of rights for the public. How do macroeconomic policy failures proliferate specific debtor-creditor relationships? What are the legal and social consequences of increasing taxes, interest rates, and civil and criminal penalties rather than spending public money for public purpose?


The Job Guarantee Design and Human Rights

Sep 22, 2017

This panel explores ways to concretize a “right to dignified work” in the context of a Job Guarantee program. Who selects the jobs? What are the eligibility and participation requirements? How can we design JG programs that address deeper social problems related to poverty and inequality?


The First International Conference of Modern Monetary Theory

Thu, Sep 21 - 6:00pm CDT

Modern Monetary Theory has transformed the economics discipline. Its influence extends beyond economics, reaching deep into the fields of law, history, finance, banking, public policy, and philosophy. Join the world’s leading MMT practitioners, and explore the cutting edge of modern economic thinking.

You can view the livestream here.

University of Missouri-Kansas City, 5100 Rockhill Road Kansas City , MO
United States
Missouri US

The First International Conference of Modern Monetary Theory

Join the world’s leading MMT practitioners, and explore the cutting edge of modern economic thinking.

Watch the Livestream


How The Other Half Banks: A Talk by Mehrsa Baradaran

Feb 23, 2017

In an age of corporate megabanks with trillions of dollars in assets, it is easy to forget that America’s banking system was originally created as a public service. Banks have always relied on credit from the federal government, provided on favorable terms so that they could issue low-interest loans. But as banks grew in size and political influence, they shed their social contract with the American people, demanding to be treated as a private industry free from any public-serving responsibility.


Financing Criminal Justice

Panel at the 2017 Rebellious Lawyering Conference
Feb 17, 2017

Livestream video link here.


MMT Unemployment 0%

Tools for Progress and Full Employment
Jan 25, 2017

An event organized by Red MMT España and Rete MMT Italia, to discuss austerity, public spending, and the role of a transitional jobs program in addressing unemployment in southern Europe.


Introduction: Stuart Medina Miltimore, Economist, Red MMT España


Beyond Globalization

Prospects and Challenges for Sustainable Growth
Feb 2, 2017

The former Governor of the Bank of England, Mervyn King, once said that “banks are global in life, and national in death.” Nearly a decade after the onset of the Global Financial Crisis, international financial markets have roared back, but many national economies are still struggling. The top-heavy recovery has caused rolling regional political and humanitarian crises, prompting renewed criticism of the Washington Consensus model of privatization, deregulation, and austerity.


Beyond Despair

Articulating a Bold, Progressive Vision for the 21st Century Economy
Jan 19, 2017

The economic policies championed by both major American political parties over the last forty years have produced widening inequality, stagnant growth, community decline, and individual despair and alienation. At the same time, the political upheavals of recent months have highlighted the urgent need for fundamental economic reform, and the creation of public institutions that restore individual dignity and prioritize justice, inclusion, and participation for all.


But Can We Afford It?

Economic Priorities for the Next Administration
Dec 2, 2016

Following one of the most polarizing and contentious electoral cycles in modern memory, two former D.C. insiders will interrogate the public understanding of the federal budgeting process.


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