Richard Murphy

Donald Trump's deal with Russia to secure diesel shows that the moment of desperation in the international economy is approaching very fast. We're edging toward meltdown, and our politicians are still ignoring that fact. taxresearch.org.uk/Blog/2026/10/1…

Understanding Economics: What is inflation? You would think we'd know by now, and that the Bank of England would know how to manage it. Unfortunately, they don't, and we pay an enormous price for that. youtu.be/dHeC4HsD3rA?si…

The great challenge this country will face soon is deciding who runs it and for whom. Is it run by central banks for financial markets, or by elected governments for people? That is the question. Resolving it may be ugly, but it will have to happen. taxresearch.org.uk/Blog/2026/10/0…

When will politicians turn to MMT? The answer is: in a time of crisis when it is apparent that neoliberalism has failed. And when will that be? Quite soon, on the basis of current progress. youtu.be/0S5Ad4WpCCE?si…

The by-election in my home constituency tomorrow is going to be close. Anyone considering voting Lib Dem or WP should seriously reconsider. Your votes could prevent the Starmerite Labour candidate, whose record on everything from housing to Gaza, is appalling, from being elected.
#VoteGreen
#VoteZack

Neoliberalism is failing, but what is it? This is a new version of our infographic on neoliberalism. AI drew the image. I wrote the text.

Is France signalling the end of neoliberalism? As a matter of fact, people will only stand for abuse from a financial system designed to oppress them for so long. France and maybe Spain seem to be indicating they've had enough. youtu.be/CpRl1ajsj-k?si…

Is France jettisoning neoliberalism? taxresearch.org.uk/Blog/2026/10/0…

Why are the Tories talking about inheritance tax? The economy is riddled with real problems that need attention, but the Tories are talking about their goal of widening the wealth divide. Why? youtu.be/R27sj9UZj3w?si…

Why are the Tories obsessed with inheritance tax? taxresearch.org.uk/Blog/2026/10/0…

Kemi Badenoch’s 'The Right Way' is the wrong way. By looking at what Badenoch does not say in her new description of what it is to be a Conservative, I show that this is a charter for abuse that is riddled with arrogant inconsistencies. youtu.be/AB7Nid-tTFA?si…

What angered me most of all about Andy Burnham’s conference speech thenational.scot/politics/26605… Me, in the @ScotNational today

Why does the Telegraph headline try to turn an adult political conversation into a false allegation? @ZackPolanski & others in the Greens made clear that if I was going to stand in Holborn & St. Pancras, where I’d done very well against Starmer in 2024, they would like me to consider seeking selection as a candidate for the Greens & the Camden Peoples Alliance (based on our successful cooperation agreement in the local elections). When I indicated that for a variety of health, personal & book publishing reasons I wasn’t in a position to stand this time round, Zack indicated that he would seek the selection & asked for my endorsement which I & the CPA enthusiastically gave. At no point did Zack try & get me to replace him! He wasn’t even a candidate yet when we spoke, as is reflected in the article. The mendacious headline is just an attempt to obfuscate & shit-stir for a progressive candidate, as is commonplace in the right wing media. The way in which the Greens & CPA cooperate is a testament to how progressive forces can work together for the greater good. So ignore the right wing nonsense & vote @ZackPolanski on Thursday. archive.is/2026.10.02-213…

Tax does not pay for government spending. So what is it for? Instead, it controls inflation and shapes our society, and understanding that could transform how we manage our economy.
youtu.be/BTqN9V58ugw?si…

If You Don't Understand Government Debt,You Don't Understand Money youtu.be/7OYUI8FpCKI?si… via @YouTube @RichardJMurphy @yanisvaroufakis @StephanieKelton @PrivateDebtProj

How to change the world: what 24 years of campaigning taught us youtu.be/_z_szI9vEsk?si…

The Bank of England cannot solve supply-side inflation by raising rates. Our analysis of the May 2026 decision shows monetary tightening is blocking fiscal tools that actually work.

#MMT #economics #UKEconomy

mmtuk.org/research/the-w…

And, of course, it’s “taxpayer money” when it’s something you’re against and “public money” or “federal dollars” when you’re for it. Them’s the rules.

What is money, really? The hardest question in economics needs an answer. That's what this morning's video is all about.
youtu.be/Rs5fIopDHI8?si…

Is Burnham’s government planning a crime against society? taxresearch.org.uk/Blog/2026/10/0…