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.


The Job Guarantee: Fighting Poverty, Empowering Labor, and Advancing Public Purpose

Feb 23, 2018

Despite the labor market recovery, millions remain unemployed, working part-time involuntarily, in precarious employment situations, or have dropped out of the workforce entirely. Now, as always, the economy fails to create enough jobs for all those who want to work. The costs of this failure – poverty, mental and physical illness, loss of social cohesion, lack of meaningful participation in community life – are enormous and disproportionately borne by vulnerable groups.


Law and the Wealth of Nations: Finance, Prosperity, and Democracy

In Memory of Tamara Lothian
Jan 26, 2018

Tamara Lothian passed away in 2016, leaving behind two nearly finished books. The first of these works, Law and the Wealth of Nations: Finance, Prosperity, and Democracy, was published in 2017. On January 26, 2018, Duncan Kennedy, Mark Barenberg, Christine Desan, Robert Hockett, and Sanjay Reddy discussed Law and the Wealth of Nations, their friendship with Tamara, and what we can learn from her work. The panel was recorded and the video will be available soon.


Support the Modern Money Network

Dear Friend,

Since the 2008 Financial Crisis, macroeconomic issues have taken center stage in world politics. Increasingly, to understand what is going on in the world around them, students, academics and citizens need to grapple with questions and concepts relating to monetary and financial system design. The traditional economics curriculum and orthodox analysis is not well equipped to impart even a basic understanding of such issues.


Modern Money, Property Rights, and the Commons

Sep 24, 2017

This panel explores the relationship between modern money and the legal design of public and private ownership regimes regarding real estate, intellectual property, and the workplace/means of production.


MMT in the Streets--Grassroots Organizing and Mass Mobilization

Sep 24, 2017

This panel explores strategies and tactics for the popularization of MMT ideas, as well as the broader challenges and possibilities of grassroots organizing and messaging around macroeconomic issues.


Modern Money, Financial Regulation, and Corporate Power

Sep 23, 2017

This panel explores the relationship between the Modern Money perspective and policy perspectives on corporate power, especially the power of financial institutions. How does understanding money recontextualize our understanding of corporate power? What approaches to regulating corporate power become more or less viable from a Modern Money perspective?


Modern Money, Payment Systems, and Digital Rights

Sep 23, 2017

This panel explores the legal and technological dimensions of contemporary payments systems, including the relationship between monetary law and federal budget policy, the role of safe assets in financial market design, and the implications of digital payments technology for macroeconomic regulation and the preservation of individual freedom.


Towards a 21st Century Brain Trust – The Role of Lawyers in MMT

Sep 22, 2017

This panel explores the relationship between Modern Monetary Theory and legal theory, as well as the role of legal professionals in the MMT community, and lessons from prior law & economics movements for the development and operationalization of MMT ideas.


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?


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