Episoder
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What every voter needs to know: Patricia and Christian talk to economist and author of âMMT: A Simple Guide to the Monetary Systemâ, Dr Dirk Ehnts about the upcoming UK election and whatâs missing from media coverage.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
LIVE EVENTS!
July 15-17 Inaugural UK Modern Monetary Theory Conference (Leeds, UK): https://mmtconference.uk/conference2024/ August 19th - 23rd Dirk Ehntsâ Maastricht University Modern Monetary Theory and European Macroeconomics course (application deadline 19th July): https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics August 27-29 MMT Summer school (Poznan, Poland): https://fundacjalipinskiego.pl/wydarzenia/mmt-4th-summer-school-in-poznan/ August 30 - September 2nd, 4th European MMT Conference (Berlin, Germany) no details published yet, but updates will be here: https://www.mmtconference.eu/ Updates on worldwide screenings of the documentary âFinding The Moneyâ can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of âFinding The Moneyâ, apply here: https://findingmoneyfilm.com/host-a-screening/STUDY THE ECONOMICS OF SUSTAINABILITY!
Details of Modern Money Labâs online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/Relevant to this episode:
âMMT: A Simple Guide to the Monetary Systemâ by Dirk Ehnts: https://www.amazon.co.uk/Modern-Money-Theory-Professional-Organizations/dp/3031535367/ For more on how commercial banks fit into the credit creation system, listen to episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 and episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 For more on the consensus among MMT economists on a permanent Zero Interest Rate Policy (ZIRP) for interbank lending, listen to Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Explainer on how central banks achieve their target interest rate via a âcorridorâ or âfloorâ system: https://www.rba.gov.au/education/resources/teacher-updates/bridging-the-textbook-gaps-on-how-the-rba-implements-monetary-policy/?ref=aussienomics.com Video explainer of the above: https://youtu.be/eTNUh8NW7QI?si=eqfAukidQyel6Sl_ Recent update on the Reserve Bank of Australiaâs interest-rate targeting regime: https://www.rba.gov.au/speeches/2024/sp-ag-2024-04-02.htmlFor an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929For more on Quantitative Easing:
Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=trueEpisodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on bank runs banking regulation:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/106775864
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Part 2: Christian talks to Dr Phil Armstrong about his recent paper: âHistory and origin of money in MMT and Austrian Economics: The difference methodology makes?â
Part 1: https://www.patreon.com/posts/102761654?pr=true
Full conversation available here: https://www.patreon.com/posts/95846517?pr=true
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
LIVE EVENTS!
July 15-17 Inaugural UK Modern Monetary Theory Conference (Leeds, UK): https://mmtconference.uk/conference2024/ August 19th - 23rd Dirk Ehntsâ Maastricht University Modern Monetary Theory and European Macroeconomics course (application deadline 19th July): https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics August 27-29 MMT Summer school (Poznan, Poland): https://fundacjalipinskiego.pl/wydarzenia/mmt-4th-summer-school-in-poznan/ August 30 - September 2nd, 4th European MMT Conference (Berlin, Germany) no details published yet, but updates will be here: https://www.pufendorf-gesellschaft.org/ Updates on worldwide screenings of the documentary âFinding The Moneyâ can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of âFinding The Moneyâ, apply here: https://findingmoneyfilm.com/host-a-screening/STUDY THE ECONOMICS OF SUSTAINABILITY!
Details of Modern Money Labâs online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/Relevant to this episode:
âHistory and origin of money in MMT and Austrian Economics: The difference methodology makes?â by Phil Armstrong: http://www.paecon.net/PAEReview/issue105/Armstrong105.pdf âCan Heterodox Economics Make a Difference?â by Phil Armstrong: https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html Phil is co-author of âModern Monetary Theory - Key Insights, Leading Thinkersâ - order here: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html Our episode with Richard Tye on the evolution of the BoE âThe Bank of England - The Prequelâ: https://pileusmmt.libsyn.com/167-richard-tye-the-bank-of-england-the-prequel Introduction to ergodicity: https://taylorpearson.me/ergodicity/For an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/105030951
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Mangler du episoder?
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Part 1: Christian talks to Dr Phil Armstrong about his recent paper: âHistory and origin of money in MMT and Austrian Economics: The difference methodology makes?â
Full conversation available here: https://www.patreon.com/posts/95846517?pr=true
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
LIVE EVENTS!
June 17-21 Bard College Summer Workshop in Public Finance and Economic Policy (online) applications close 30th April: https://edi.bard.edu/programs/osun-summer-workshop/ July 15-17 Inaugural UK Modern Monetary Theory Conference (Leeds, UK): https://gimms.org.uk/2024/03/04/final-call-for-papers-uk-mmt-conference-deadline-extended/ August 19th - 23rd Dirk Ehntsâ Maastricht University Modern Monetary Theory and European Macroeconomics course: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics August 27-29 MMT Summer school (Poznan, Poland) - no details published yet, but updates will be here: https://fundacjalipinskiego.pl/ August 30 - September 2nd, 4th European MMT Conference (Berlin, Germany) no details published yet, but updates will be here: https://www.pufendorf-gesellschaft.org/ Updates on worldwide screenings of the documentary âFinding The Moneyâ can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of âFinding The Moneyâ, apply here: https://findingmoneyfilm.com/host-a-screening/STUDY THE ECONOMICS OF SUSTAINABILITY!
Details of Modern Money Labâs online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/Relevant to this episode:
âHistory and origin of money in MMT and Austrian Economics: The difference methodology makes?â by Phil Armstrong: http://www.paecon.net/PAEReview/issue105/Armstrong105.pdf âCan Heterodox Economics Make a Difference?â by Phil Armstrong: https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html Phil is co-author of âModern Monetary Theory - Key Insights, Leading Thinkersâ - order here: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html Our episode with Richard Tye on the evolution of the BoE âThe Bank of England - The Prequelâ: https://pileusmmt.libsyn.com/167-richard-tye-the-bank-of-england-the-prequel Introduction to ergodicity: https://taylorpearson.me/ergodicity/For an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/102761654?pr=true
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Patricia and Christian talk to Dr Dirk Ehnts about the origins and nature of money, and what it means for tackling our various planetary emergencies.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
LIVE EVENTS!
June 17-21 Bard College Sumer Workshop in Public Finance and Economic Policy (online) applications close 30th April: https://edi.bard.edu/programs/osun-summer-workshop/ July 15-17 Inaugural UK Modern Monetary Theory Conference (Leeds, UK): https://gimms.org.uk/2024/03/04/final-call-for-papers-uk-mmt-conference-deadline-extended/ August 19th - 23rd Dirk Ehntsâ Maastricht University Modern Monetary Theory and European Macroeconomics course: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics August 27-29 MMT Summer school (Poznan, Poland) - no details published yet, but updates will be here: https://fundacjalipinskiego.pl/ August 30 - September 2nd, 4th European MMT Conference (Berlin, Germany) no details published yet, but updates will be here: https://www.pufendorf-gesellschaft.org/ Updates on worldwide screenings of the documentary âFinding The Moneyâ can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of âFinding The Moneyâ, apply here: https://findingmoneyfilm.com/host-a-screening/STUDY THE ECONOMICS OF SUSTAINABILITY!
Details of Modern Money Labâs online graduate, postgraduate and short, standalone courses in economics: https://modernmoneylab.org.au/Relevant to this episode:
âModern Money Theory: A Simple Guide to the Monetary System (Professional Practice in Governance and Public Organizations)â by Dirk Ehnts (Released 5th May 2024): https://www.amazon.co.uk/Modern-Money-Theory-Professional-Organizations/dp/3031535367/ âRevisiting MMT, Sovereign Currencies and the Eurozone: A Reply to Marc Lavoieâ by Dirk Ehnts & L. Randall Wray: https://www.tandfonline.com/doi/full/10.1080/09538259.2023.2298448For an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlOther MMT Events And Courses:
Information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) will be published here it they becomes available: http://www.mmted.org/Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/101300932
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STOP PRESS! FOR OUR AUSTRALIAN PALS - THE âFINDING THE MONEYâ FILM TOUR STARTS THIS WEEK - AS IN 27TH OF FEBRUARY! MORE DETAILS HERE: https://modernmoneylab.org.au/events/film-tour/
Patricia and Christian talk to Professor Steven Hail about behavioural economics as a vital corrective to the unreal assumptions in mainstream models. Just as MMT models the monetary system as it actually is, Dr Hail talks about the importance of modelling people as they actually are.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
MORE LIVE EVENTS!
Economics Of The Real World (Edinburgh, 21st March 2024): https://scotonomics.scot/live-events/ Scotonomics Festival Of Economics (Dundee, Scotland, 22-24th March 2024): https://scotonomics.scot/live-events/ Inaugural UK Modern Monetary Theory Conference (Leeds, July 15-17, 2024): https://gimms.org.uk/2024/02/23/final-call-for-papers-uk-mmt-conference/STUDY THE ECONOMICS OF SUSTAINABILITY!
Details of Modern Money Labâs online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/Relevant to this episode:
Professor L Randall Wray | The History and Nature of Money: https://youtu.be/7cLDFjTt4Bs?si=ZWjMc4t1IKuveKGj Professor Stephanie Kelton | Finding The Money: https://youtu.be/viddh5Dft1A?si=UxZci7jo-OYZCsNbFor an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/99247785?pr=true
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Christian talks to Mark Diesendorf, a physicist and professor in the Environment & Society Group at the University of New South Wales, about the economics underpinning his latest book, âThe Path To An Ecologically Just Civilisationâ.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
LIVE EVENTS!
A presentation by Bill Mitchell (London, January 26): https://www.eventbrite.co.uk/e/gimms-event-professor-bill-mitchell-tickets-788915095287 Economics Of The Real World (Edinburgh, 21st March 2024): https://scotonomics.scot/live-events/ Scotonomics Festival Of Economics (Dundee, Scotland, 22-24th March 2024): https://scotonomics.scot/live-events/STUDY THE ECONOMICS OF SUSTAINABILITY!
Details of Modern Money Labâs online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/Relevant to this episode:
Buy âThe Path to a Sustainable Civilisation: Technological, Socioeconomic and Political Changeâ by Mark Diesendorf & Rod Taylor: https://www.amazon.co.uk/Path-Sustainable-Civilisation-Technological-Socioeconomic/dp/9819906628/ For more on the mechanics of the banking system, see âEpisodes on monetary operationsâ (below) âThe appallingly bad neoclassical economics of climate changeâ by Steve Keen: https://www.researchgate.net/publication/344034609_The_appallingly_bad_neoclassical_economics_of_climate_changeFor an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/95792606?pr=true
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Christian talks to author Cory Doctorow and MMT founder Warren Mosler about Coryâs latest book âThe Lost Causeâ (set in a post-Green New Deal future), framing the MMT Job Guarantee, and more.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
LIVE EVENTS!
Economics Of The Real World (Edinburgh, Scotland 21st March 2024): https://scotonomics.scot/live-events/ Scotonomics Festival Of Economics (Dundee, Scotland 22-24th March 2024): https://scotonomics.scot/live-events/STUDY THE ECONOMICS OF SUSTAINABILITY!
Details of Modern Money Labâs online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/Relevant to this episode:
Buy âThe Lost Causeâ by Cory Doctorow: https://craphound.com/shop/ âMoneylikeâ by Cory Doctorow (Cory applies MMT insights to crypto in this article): https://pluralistic.net/2022/09/16/nondiscretionary-liabilities/ âMaximizing Price Stability in a Monetary Economyâ by Warren Mosler & Damiano B. Silipo: https://www.levyinstitute.org/pubs/wp_864.pdfFor an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/95211955?pr=true
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Patricia and Christian talk to economist, author and Modern Money Lab instructor Dr Erik Dean about the history of Keynesianism, BS jobs, and Keynesâ âEconomic Possibilities For Our Grandchildrenâ.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
LIVE EVENTS!
Economics Of The Real World (Edinburgh, Scotland 21st March 2024): https://scotonomics.scot/live-events/ Scotonomics Festival Of Economics (Dundee, Scotland 22-24th March 2024): https://scotonomics.scot/live-events/STUDY THE ECONOMICS OF SUSTAINABILITY!
Details of Modern Money Labâs online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/Relevant to this episode:
Dr Erik Deanâs YouTube channel: https://www.youtube.com/@erikdean9269 âEconomic Possibilities For Our Grandchildrenâ by J.M. Keynes: http://www.econ.yale.edu/smith/econ116a/keynes1.pdf Erik recommends the 3rd and 4th issues of the Journal Of Economic Issues from 1987 as a starting point for researching the foundations of institutionalist economics. Iâve linked to those here, but a library login is required: https://www.jstor.org/stable/i389846 , https://www.jstor.org/stable/i389847?typeAccessWorkflow=loginFor an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/91146282?pr=true
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To commemorate the anniversary of Trussonomic Mini-budgeting, Christian talks to Professor John T. Harvey about what determines currency prices and more.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
LIVE EVENTS!
Economics Of The Real World (Edinburgh, Scotland 21st March 2024): https://scotonomics.scot/live-events/ Scotonomics Festival Of Economics (Dundee, Scotland 22-24th March 2024): https://scotonomics.scot/live-events/Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
Relevant to this episode:
All our episodes with John T. Harvey: https://www.patreon.com/posts/44371783 Johnâs Cowboy Economist channel: https://www.youtube.com/@cowboyeconomist8126 Johnâs Forbes blog: https://www.forbes.com/sites/johntharvey/?sh=4ec648f3685c âTaxes For Revenue Are Obsoleteâ by Beardsley Ruml: https://realprogressives.org/taxes-for-revenue-are-obsolete/ âMoney Growth Does Not Cause Inflation!â by John T Harvey: https://realprogressives.org/money-growth-does-not-cause-inflation/ Our episodes with Dr Sam Levey about war mobilisation: Episode 32 -How Uncle Sam Paid For World War II (part 1): https://www.patreon.com/posts/30005574, (part 2) https://www.patreon.com/posts/30112818, Episode 76: MMT For Mainstream Economists And Mobilisation Theory (part 1): https://www.patreon.com/posts/43697752, (part 2): https://www.patreon.com/posts/43886189For an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on Silicon Valley Bank and bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/89667799?pr=true
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Patricia & Christian conclude their conversation about Stephanie Keltonâs best-seller The Deficit Myth.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
LIVE EVENTS!
âRethinking Capitalismâ weekend event with Dr Steven Hail (Canberra, 26th-27th August): https://modernmoneylab.org.au/events/ Sign up to the Gower Initiative For Modern Money Studiesâ mailing list for updates about their event with Warren Mosler in London on 1st September (details TBC): https://gimms.org.uk/mailing-list/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/Relevant to this episode:
Our âUnpacking The Deficit Mythâ series: https://www.patreon.com/posts/47191289 For more on MMT and the NHS/Medicare4All, listen to: Episode 42 - John T Harvey: The NHS And Healthcare Economics: https://www.patreon.com/posts/33460238 and Episode 96 - Deborah Harrington: The Fight For The NHS: https://www.patreon.com/posts/49819223 For more on MMT and ecological economics, listen to: Episode 39c - Steven Hail - Green Economics, A Just Transition and The 2020 Sustainable Prosperity Conference https://www.patreon.com/posts/32431123, Episode 108 - Steven Hail & Gabrielle Bond: Achieving Sustainable Prosperity: https://www.patreon.com/posts/54178535, Episode 172 - Steven Hail: Bond Vigilantes! Inflation! The National Debt! The Excuseonomics Killing The Planet: https://www.patreon.com/posts/84572294?pr=true, Episode 138 - Stephen Williams: Economics vs The Planet: https://www.patreon.com/posts/69831268?pr=true, Episode 140 - Michael Hoexter: Hard Money Ideology Wonât Save The Planet: https://www.patreon.com/posts/70471081?pr=true and Episode 141 - Phil Lawn: On Ecological Economics: https://www.patreon.com/posts/70826821?pr=true For more on Overt Monetary Financing, read âOvert Monetary Financing â againâ, by Bill Mitchell: https://billmitchell.org/blog/?p=32361 For more on the endogenous money view (the non-fringe, very mainstream view that bank loans create deposits, not the other way around - listen to episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887, 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 and episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 For more on the MMT Job Guarantee, see âOur Job Guarantee episodesâ (below). For more on MMT and inflation, see âEpisodes on inflationâ (below)For an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Order âThe Deficit Mythâ by Stephanie Kelton: https://www.amazon.co.uk/gp/product/B081JVRT57/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0
Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
Order L Randall Wrayâs latest book, âMaking Money Work for Usâ (2022): https://www.amazon.co.uk/gp/product/B0BDCS46BG/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on Silicon Valley Bank and bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses In 2023:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/86849221?pr=true
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As opposition politicians lecture their constituents about not loving growth enough, and vow to keep children in poverty to achieve it, Patricia & Christian talk to award-winning economist and author of âMoney For Beginners - An Illustrated Guideâ Professor L. Randall Wray about how governments spend and the legacy of 40 years of ignoring it.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
LIVE EVENTS!
Rethinking Capitalism weekend (Canberra, 26th - 27th August): https://modernmoneylab.org.au/events/ Sign up to the Gower Initiative For Modern Money Studiesâ mailing list for updates about their event with Warren Mosler in London on 1st September (details TBC): https://gimms.org.uk/mailing-list/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/Relevant to this episode:
All our episodes with L. Randall Wray: https://www.patreon.com/posts/44467066 Books By L. Randall Wray: https://www.amazon.co.uk/kindle-dbs/entity/author/B001HP7OPG Papers By L. Randall Wray: https://www.levyinstitute.org/publications/l-randall-wray Public sector pay rises of 10% would add little to inflation, says UK thinktank: https://www.dumptheguardian.com/society/2023/jul/18/sector-pay-rises-10-per-cent-add-little-to-inflation-uk-thinktank-ippr-rishi-sunak For more on MMT-informed perspectives on the euro, listen to: Episode 55 - Dirk Ehnts: A Way Forward For The Eurozone: https://www.patreon.com/posts/38252014 , Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/72906421?pr=true and Episode 160 - Stuart Medina Miltimore: The Euro Is The Problem: https://www.patreon.com/posts/79507827?pr=true For more on the endogenous money view (the non-fringe, very mainstream view that bank loans create deposits, not the other way around), listen to episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 and episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 For more on why government bond issuance (so-called government âborrowingâ) does not âcrowd outâ private sector investment under a floating exchange rate currency regime, listen to episode 142 - Every Deficit Is Good For Someone: https://www.patreon.com/posts/71264759?pr=true For more on the MMT Job Guarantee, see âOur Job Guarantee episodesâ (below).For an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on Silicon Valley Bank and bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses In 2023:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/ Details of the MMT Summer school in PoznaĆ, Poland (September 5th-7th): https://fundacjalipinskiego.pl/wydarzenia/mmt-3rd-summer-school-in-poznan/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/86526849?pr=true
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Patricia & Christian talk to economist, author and one of the organisers of the 2023 European MMT conference (September 9th & 10th, details below) Dr Dirk Ehnts about Bidenomics, Britainâs bankrupt water utilities, and how understanding the plumbing of modern money is vital to bringing about a just and green energy transition in the face of multiple crises facing the world today.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
LIVE EVENTS!
Rethinking Capitalism weekends (Sydney 22nd and 23rd July, Canberra 26th and 27th August): https://modernmoneylab.org.au/events/ Sign up to the Gower Initiative For Modern Money Studiesâ mailing list for updates about their event with Warren Mosler in London on 1st September (details TBC): https://gimms.org.uk/mailing-list/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/Relevant to this episode:
All our episodes with Dirk Ehnts: https://www.patreon.com/posts/44467243 Dirk Ehntsâ website: https://www.dirk-ehnts.de/ Dirk Ehnts on Twitter: https://twitter.com/DEhnts For more on the endogenous money view (the non-fringe, very mainstream view that bank loans create deposits, not the other way around - sometimes called âWicksellian moneyâ after Knut Wicksell), listen to episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 and episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 For more on why government bond issuance (so-called government âborrowingâ) does not âcrowd outâ private sector investment under a floating exchange rate currency regime, listen to episode 142 - Every Deficit Is Good For Someone: https://www.patreon.com/posts/71264759?pr=true For more on the MMT Job Guarantee, see âOur Job Guarantee episodesâ (below).For an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on Silicon Valley Bank and bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses In 2023:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/ Details of the MMT Summer school in PoznaĆ, Poland (September 5th-7th): https://fundacjalipinskiego.pl/wydarzenia/mmt-3rd-summer-school-in-poznan/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/85988155?pr=true
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Patricia & Christian talk to Kremer Endowed Chair of Economics at Willamette University, Professor Yan Liang about Chinaâs economy, international trade, sovereign wealth funds, de-dollarisation, and more.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
LIVE EVENTS!
Rethinking Capitalism weekends (Sydney 22nd, 23rd July and Canberra 26th, 27th August): https://modernmoneylab.org.au/events/ Sign up to the Gower Initiative For Modern Money Studiesâ mailing list for updates about their event with Warren Mosler in London on 1st September (details TBC): https://gimms.org.uk/mailing-list/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/Relevant to this episode:
Yan Liang on Twitter: https://twitter.com/YanLian31677392 For more on international trade through the MMT lens, listen to episode 158 - âWinningâ At Trade: https://www.patreon.com/posts/78800108?pr=true For more on Warrenâs Moslerâs view that prices paid by government are the source of the price level, listen to episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 For more on inflation see our episodes on inflation (below) Our two-part interview with Steven Hail explaining the terminology and the mechanics of government bonds: Episode 30 - Understanding Government Bonds (Part 1): https://www.patreon.com/posts/29621245 and episode 31 - Understanding Government Bonds (Part 2):https://www.patreon.com/posts/29829500For an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on Silicon Valley Bank and bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses In 2023:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Apply for Dr Dirk Ehntsâ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/ Details of the MMT Summer school in PoznaĆ, Poland (September 5th-7th): https://fundacjalipinskiego.pl/wydarzenia/mmt-3rd-summer-school-in-poznan/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/85584105?pr=true
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As the Bank of England plays one-club golf with interest rates, (using the wrong end of the golf club while dressed in scuba gear) Patricia & Christian talk to economist and author of âCan Heterodox Economics Make A Difference?â Dr Phil Armstrong about changing the game.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
LIVE EVENTS!
Rethinking Capitalism weekends (Sydney 22nd, 23rd July and Canberra 26th, 27th August): https://modernmoneylab.org.au/events/ Sign up to the Gower Initiative For Modern Money Studiesâ mailing list for updates about their event with Warren Mosler in London on 1st September (details TBC): https://gimms.org.uk/mailing-list/ Details of the MMT Summer school in PoznaĆ, Poland (September 5th-7th): https://fundacjalipinskiego.pl/wydarzenia/mmt-3rd-summer-school-in-poznan/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th): https://www.mmtconference.eu/ Apply for Dr Dirk Ehntsâ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomicsRelevant to this episode:
All our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846 Phil on Twitter: https://twitter.com/PhilArmstrong58 For more on inflation see our episodes on inflation (below) Our two-part interview with Steven Hail explaining the terminology and the mechanics of government bonds: Episode 30 - Understanding Government Bonds (Part 1): https://www.patreon.com/posts/29621245 and episode 31 - Understanding Government Bonds (Part 2):https://www.patreon.com/posts/29829500 For more on Warrenâs Moslerâs view on interest rates, and how central bank base rate rises likely have an inflationary bias, listen to Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 For more on the endogenous money view (the non-fringe, very mainstream view that bank loans create deposits, not the other way around), listen to episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 and episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683For an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on Silicon Valley Bank and bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses In 2023:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Apply for Dr Dirk Ehntsâ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/ Details of the MMT Summer school in PoznaĆ, Poland (September 5th-7th): https://fundacjalipinskiego.pl/wydarzenia/mmt-3rd-summer-school-in-poznan/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/85216072?pr=true
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Patricia & Christian talk to MMT founder Warren Mosler about bond markets, Beyoncéflation and degrowing the financial sector.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
LIVE EVENTS!
Rethinking Capitalism weekends (Sydney 22nd, 23rd July and Canberra 26th, 27th August): https://modernmoneylab.org.au/events/ Sign up to the Gower Initiative For Modern Money Studiesâ mailing list for updates about their event with Warren Mosler in London on 1st September (details TBC): https://gimms.org.uk/contact/ Details of the MMT Summer school in PoznaĆ, Poland (September 5th-7th): https://fundacjalipinskiego.pl/wydarzenia/mmt-3rd-summer-school-in-poznan/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/Relevant to this episode:
All our episodes with Warren Mosler: https://www.patreon.com/posts/42918786 Warren on Twitter: https://twitter.com/wbmosler Warrenâs website: https://moslereconomics.com/ Our two-part interview with Steven Hail explaining the terminology and the mechanics of government bonds: Episode 30 - Understanding Government Bonds (Part 1): https://www.patreon.com/posts/29621245 and episode 31 - Understanding Government Bonds (Part 2):https://www.patreon.com/posts/29829500 For more on Warrenâs view on interest rates, and how central bank base rate rises likely have an inflationary bias, listen to Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 For more on the endogenous money view (the non-fringe, very mainstream view that bank loans create deposits, not the other way around), listen to episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 and episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Two articles on Warrenâs visit to Argentina in May 2022, with links to presentations: https://gimms.org.uk/2022/05/16/journey-to-the-heart-of-argentina/ , https://www.redmmt.es/warren-mosler-talks-with-grupo-bolivar-in-argentina-english-parts-only/For an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on Silicon Valley Bank and bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses In 2023:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Apply for Dr Dirk Ehntsâ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/ Details of the MMT Summer school in PoznaĆ, Poland (September 5th-7th): https://fundacjalipinskiego.pl/wydarzenia/mmt-3rd-summer-school-in-poznan/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/84857445?pr=true
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Patricia & Christian talk to economist and founder of the ground-breaking Modern Money Lab project Professor Steven Hail about the urgency of a swift and just transition to a sustainable economy and examine some of the excuses politicians selectively employ to avoid policymaking as if people and the planet matter.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
LIVE EVENTS!
Details of the MMT Summer school in PoznaĆ, Poland (September 5th-7th): https://fundacjalipinskiego.pl/wydarzenia/mmt-3rd-summer-school-in-poznan/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/ To attend James K. Galbraithâs Keynote Lecture, (June 15th, 2023, 1-2:30pm ET) RSVP at the bottom of this page: https://edi.bard.edu/events/Relevant to this episode:
All our episodes with Steven Hail: https://www.patreon.com/posts/43083051 Find out more about Modern Money Lab courses and âRethinking Capitalismâ events here: https://modernmoneylab.org.au/events/ Our two-part interview with Steven explaining the terminology and the mechanics of government bonds: Episode 30 - Understanding Government Bonds (Part 1): https://www.patreon.com/posts/29621245 and episode 31 - Understanding Government Bonds (Part 2):https://www.patreon.com/posts/29829500 Steven mentions Warren Moslerâs view on interest rates, and how central bank base rate rises likely have an inflationary bias. For more on that listen to Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 For more on the endogenous money view (the non-fringe, very mainstream view that bank loans create deposits, not the other way around), listen to episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 and episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Steven mentions the dubious theory that interest rate hikes fight inflation by creating an expectation that inflation will fall (I know, right?) Turns out expectations converge to reality, and not the other way around, as L. Randall Wray explains in episode 163: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=trueFor an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on Silicon Valley Bank and bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses In 2023:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Apply for Dr Dirk Ehntsâ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/ Details of the MMT Summer school in PoznaĆ, Poland (September 5th-7th): https://fundacjalipinskiego.pl/wydarzenia/mmt-3rd-summer-school-in-poznan/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/84572294?pr=true
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Patricia & Christian talk to economist and author of âThe Case For A Job Guaranteeâ Professor Pavlina Tcherneva about her chapter in the recently-published âMMT: Key Insights, Leading Thinkersâ.
Three Lessons From Government Spending And The Post-Pandemic Recovery: (1) The funding is always there. (2) Unemployment is a policy choice. (3) Large government spending is not the inevitable source of inflation.
Also under discussion: the US debt ceiling drama, Universal Basic Income and more.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
LIVE EVENTS!
Details of the MMT Summer school in PoznaĆ, Poland (September 5th-7th): https://fundacjalipinskiego.pl/wydarzenia/mmt-3rd-summer-school-in-poznan/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/ To attend James K. Galbraithâs Keynote Lecture, (June 15th, 2023, 1-2:30pm) RSVP at the bottom of this page: https://edi.bard.edu/events/Relevant to this episode:
All our episodes with Pavlina Tcherneva: https://www.patreon.com/posts/44405631 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ Christian mentions Pavlinaâs lecture where she describes the âoriginal sinâ of money systems (that they necessarily create unemployment). Thatâs in this episode, along with the route to âredemptionâ - Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Pavlina mentions the NAIRU (Non-accelerating inflation rate of unemployment). More here: https://en.wikipedia.org/wiki/NAIRUFor an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=trueMore on Silicon Valley Bank and bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses In 2023:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Apply for Dr Dirk Ehntsâ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/ Details of the MMT Summer school in PoznaĆ, Poland (September 5th-7th): https://fundacjalipinskiego.pl/wydarzenia/mmt-3rd-summer-school-in-poznan/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/84268974?pr=true
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Patricia & Christian talk to acclaimed author and activist Cory Doctorow, about his new crypto heist thriller âRed Team Bluesâ, and the real-world money mechanics and shady shenanigans that inform the story.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
Order âRed Team Bluesâ here: https://craphound.com/shop/
LIVE EVENT! Christian will be interviewing Cory Doctorow in Nottingham (UK!) on Tuesday 30th May 2023, tickets here: https://www.waterstones.com/events/an-evening-with-cory-doctorow/nottingham
All our episodes in chronological order: https://www.patreon.com/posts/43111643
Patron-only episodes: https://www.patreon.com/posts/57542767
Patron-only GIMMS Book Launch Presentations [audio]:
Daniel Kostzer on Argentinaâs âJefes de Hogarâ Public Employment Programme: https://www.patreon.com/posts/gimms-book-on-de-82501900 Phil Armstrong On Useful Economists: https://www.patreon.com/posts/gimms-book-phil-82502071 Neil Wilson On How The Government Spends: https://www.patreon.com/posts/gimms-book-neil-82502270Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
Relevant to this episode:
All our episodes with Cory Doctorow: https://www.patreon.com/posts/41970049 Coryâs podcast: https://craphound.com/podcast/ Coryâs upcoming live events: https://craphound.com/category/redteamblues/ We talk a little more in-depth about crypto tokens as âproof of workâ and âproof of stakeâ in this episode: Episode 135 - Cory Doctorow: Blockchain, Bitcoin & Selling The Brooklyn Bridge: https://www.patreon.com/posts/68946334 âThe Inevitability of Trusted Third Partiesâ by Cory Doctorow: https://onezero.medium.com/the-inevitability-of-trusted-third-parties-a51cbcffc4e2 Cory mentions previous guest Daniel Kostzer likening capitalism to a car with no steering wheel being driven at high speed down a road - thatâs from this episode: https://www.patreon.com/posts/episode-169-job-82743393 Cory mentions the inspirational economist and teacher Dr Fadhel Kabuob - here are all our episodes with him: https://www.patreon.com/posts/43484621 Cory mentions our episode on tally sticks and the history of UK exchequer with Richard Tye. Itâs great! Have a listen here: https://www.patreon.com/posts/episode-167-tye-81601103 âTiktok's enshittificationâ by Cory Doctorow: https://pluralistic.net/2023/01/21/potemkin-ai/For an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824
Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318
Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887
Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683
Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183
Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929
Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508
Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678
Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835
Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379
Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558
Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/Episodes on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245
Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500
Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true
Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421
Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513
Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true
More on Silicon Valley Bank and bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses In 2023:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Apply for Dr Dirk Ehntsâ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/ Details of the next MMT Summer school in PoznaĆ, Poland (September 5th-7th) will be available on this page when confirmed: https://fundacjalipinskiego.pl/wydarzenia/ Website of the 3rd International European MMT Conference (September 9th-10th: https://www.mmtconference.eu/MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/83036883?pr=true
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Patricia & Christian talk to Daniel Kostzer, chief economist at the International Trade Union Confederation and contributor to âModern Monetary Theory: Key Insights, Leading thinkersâ about his chapter, which revisits Argentinaâs 2002 Jefes de Hogar employment guarantee programme, and details considerations to be weighed in the implementation of any future Job Guarantee programme.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
LIVE EVENT! Christian will be interviewing Cory Doctorow in Nottingham (UK!) on Tuesday 30th May 2023, tickets here: https://www.waterstones.com/events/an-evening-with-cory-doctorow/nottingham
GIMMS Book Launch Presentations:
Daniel Kostzer on Argentinaâs âJefes de Hogarâ Public Employment Programme: https://www.patreon.com/posts/gimms-book-on-de-82501900 Phil Armstrong On Useful Economists: https://www.patreon.com/posts/gimms-book-phil-82502071 Neil Wilson On How The Government Spends: https://www.patreon.com/posts/gimms-book-neil-82502270For an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318All our episodes in chronological order: https://www.patreon.com/posts/43111643
Relevant to this episode:
Daniel Kostzer on Twitter: https://twitter.com/dkostzer To understand why the Job Guarantee is core to MMT, rather than peripheral or optional, listen to our Job Guarantee episodes (listed below), particularly this one: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ We also talked with Argentinian economist Agustin Mario about the Jefes Program in episode 119 - MMT In Latin America & Argentinaâs Jefes Y Jefas Program: https://www.patreon.com/posts/57888740 âZimbabwe for hyperventilators 101â by Bill Mitchell: https://billmitchell.org/blog/?p=3773 We touch on inflation in this episode, and for more on inflation, see our episodes on inflation (listed below).Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824
Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318
Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887
Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683
Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508
Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678
Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835
Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379
Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558
Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245
Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500
Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true
Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421
Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513
Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true
More on Silicon Valley Bank and bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.htmlMMT Events And Courses In 2023:
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Apply for Dr Dirk Ehntsâ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/ Details of the next MMT Summer school in PoznaĆ, Poland (September 5th-7th) will be available on this page when confirmed: https://fundacjalipinskiego.pl/wydarzenia/ Website of the 3rd International European MMT Conference (September 9th-10th: https://www.mmtconference.eu/MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/82743393?pr=true
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As the UK celebrates the coronation of its most famous pensioner and its central bank tells everybody else to accept being poor, Patricia and Christian continue their conversation about Stephanie Keltonâs best-seller, The Deficit Myth and ask: can the worldâs 5th richest economy afford dignity for all, or just those with their own anthem?
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
LIVE EVENT! Christian will be interviewing Cory Doctorow in Nottingham (UK!) on Tuesday 30th May 2023, tickets here: https://www.waterstones.com/events/an-evening-with-cory-doctorow/nottingham
For an intro to MMT:
Our first three episodes: https://www.patreon.com/posts/41742417
Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318
Our âUnpacking The Deficit Mythâ series: https://www.patreon.com/posts/47191289
All our episodes in chronological order: https://www.patreon.com/posts/43111643
Relevant to this episode:
For more on ensuring the sustainability of Social Security/state pensions with this one not-so-weird trick that unmitigatedly works for all other types of government spending, listen to Episode 164 - Yeva Nersisyan: Saving Social Security From Its Saviours: https://www.patreon.com/posts/80870597?pr=true
We briefly touch on how the central bank reserve system impacts commercial banks and vice-versa, for more on that listen to Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318
For more on the effective dependency ratio, see âAgeing, Social Security, and the Intergenerational Debateâ by Bill Mitchell: https://billmitchell.org/blog/?p=25377
Our Job Guarantee episodes:
Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701
Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543
Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346
Quick read: Pavlina Tchernevaâs Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/
Quick MMT reads:
Warrenâs Moslerâs MMT white paper: http://moslereconomics.com/mmt-white-paper/
Steven Hailâs quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095
Quick explanation of government debt and deficit: âSome Numbers Are Big. Let Me Help You Get Over Itâ: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/
For a short, non-technical, free ebook explaining MMT, download Warren Moslerâs â7 Deadly Innocent Frauds Of Economic Policyâ here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Order âThe Deficit Mythâ by Stephanie Kelton: https://www.amazon.co.uk/gp/product/B081JVRT57/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0
Order the Gower Initiativeâs âModern Monetary Theory - Key Insights, Leading Thinkersâ (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html
Order L Randall Wrayâs latest book, âMaking Money Work for Usâ (2022): https://www.amazon.co.uk/gp/product/B0BDCS46BG/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0
Episodes on monetary operations:
Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824
Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318
Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887
Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683
Episodes on inflation:
Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508
Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678
Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835
Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379
Episode 128 - L. Randall Wray & Yeva Nersisyan: Whatâs Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558
More on government bonds (and âvigilantesâ):
Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245
Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500
Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true
Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421
Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513
Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true
More on Silicon Valley Bank and bank runs:
Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true
Episode 163 - L. Randall Wray: Breaking Banks - The Fedâs Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true
Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true
MMT founder Warren Moslerâs Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html
MMT Events And Courses In 2023
More information about Professor Bill Mitchellâs MMTed project (free public online courses in MMT) here: http://www.mmted.org/
Apply for Dr Dirk Ehntsâ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics
Details of Modern Money Labâs online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/
Details of the next MMT Summer school in PoznaĆ, Poland (September 5th-7th) will be available on this page when confirmed: https://fundacjalipinskiego.pl/wydarzenia/
Website of the 3rd International European MMT Conference (September 9th-10th: https://www.mmtconference.eu/
MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies
MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos
Show notes: https://www.patreon.com/posts/82602167?pr=true
- Se mer