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Episode 147[2/2]: Brian Romanchuk: The secondary market through the eyes of a bond analyst

Activist #MMT - podcast

Release Date: 08/29/2023

Ep154[2/2]: Dirk Ehnts: MMT makes Ep154[2/2]: Dirk Ehnts: MMT makes "I can't" (provide healthcare) impossible. Also: Who gets to decide value?

Activist #MMT - podcast

Welcome to episode 154 of Activist #MMT. Today's part two with German MMT economist Dirk Ehnts. (Here's a link to .) Above is the episode in audio form. Below is the episode in video form: In addition to talking about Dirk's books, we discuss two major concepts. First is the idea that a major characteristic of human beings is they really don't like saying "I want to" do something horrible. They want to instead be able to say "I must." Conversely, instead of saying "I don't want to" do something good and necessary they will do whatever it takes to say "I can't." A simple example is when you...

info_outline Ep153: Dirk Ehnts: Imposing individualism (part 1 of 2) show art Ep153: Dirk Ehnts: Imposing individualism (part 1 of 2)

Activist #MMT - podcast

Welcome to episode 153 of Activist #MMT. Today I talk with German MMT economist Dirk Ehnts. He discusses his books, and the courses he teaches, including one called "Equity, Equality, and Employment" at Torrens University. (This is part one of a two part episode. Here's a link to PART TWO.) Above is the episode in audio form. Below is the episode in video form: We then talk about concepts related to individualism versus community, and how society imposes individualism on all of us in many ways. One example I experience personally is how, in my home state of New Jersey, it is virtually...

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Activist #MMT - podcast

Here's the from where this audio came. Here's a list of links to (released so far) in his 2021 book Contending Perspectives. I have edited both the video and audio to eliminate mistakes, coughs, interruptions, and etc. Sections in this chapter 1:58 - Methodological individualism, praxeology, and subjectivism 9:46 - Market process 12:24 - Austrian business cycle theory 16:27 - Method 17:28 - Views of human nature and justice 18:35 - Standards 20:46 - Contemporary activities 21:48 - Criticisms 23:51 - Final rejoinder 25:15 - Further reading

info_outline Full audio: John Harvey reading Contending Perspectives: Chapter 4: Marxism [EDITED] show art Full audio: John Harvey reading Contending Perspectives: Chapter 4: Marxism [EDITED]

Activist #MMT - podcast

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Activist #MMT - podcast

Here's the from where this audio came. Here's a list of links to (released so far) in his 2021 book Contending Perspectives. I have edited both the video and audio to eliminate obvious mistakes, coughs, interruptions, and etc.

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Activist #MMT - podcast

Here's the from where this audio came. Here's a list of links to (released so far) in his 2021 book Contending Perspectives. I have edited both the video and audio to eliminate obvious mistakes, coughs, interruptions, and etc. Audio chapters Use the below timestamps to navigate to each major section and occurrence in this section: 1:35 - Page 8: Chapter 2: Economics as a scientific discipline 3:25 - Page 8: Section: What is science? 4:40 - Page 9 10:03 - Page 10: A realistic version of science 17:39 - Page 13 30:13 - Page 17: Economics: Training and apprenticeship 44:01 - Page 22 58:38 -...

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Activist #MMT - podcast

Welcome to episode 152 of Activist #MMT. Today's part two of my conversation with five of my Torrens classmates, this time about the job guarantee, from a now-much more educated point of view, given our experience at Torrens. We are also joined by John's wife, Martha, who is highly educated on topics related to the job guarantee. (Here's a link to .) But for now, let's get right back to our conversation.

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Activist #MMT - podcast

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info_outline [Mostly-not MMT] 2019 interview: Keith Errol Benson: The black experience *is* the American experience. show art [Mostly-not MMT] 2019 interview: Keith Errol Benson: The black experience *is* the American experience.

Activist #MMT - podcast

THIS IS A BACKUP OF A GREAT INTERVIEW I DID IN 2019. IT TOUCHES ON MMT, BUT IS MOSTLY NON-MMT. --- A fascinating and insightful conversation on black history, music, religion, politics, economics, and more. More here: https://citizensmedia.tv/2019/07/07/kem/

info_outline Ep150: Maren Poitras, creator and director of Finding the Money show art Ep150: Maren Poitras, creator and director of Finding the Money

Activist #MMT - podcast

  Welcome to episode 150 of Activist #MMT. Today I talk with Maren Poitras, the creator and director of the MMT documentary, Finding the Money. I had the pleasure of seeing this film on October 1st, 2023, in New York City, with my Torrens professor Steven Hail, Torrens administrator Gabie Bond, and Torrens classmate Susan Borden. After the film, we all went to a nearby bar-restaurant, and I got to meet and speak with Maren at length. (A list of the audio chapters in this episode can be found below.) In today's episode, Maren and I talk about how she came to the film and how it's informed...

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Welcome to episode 147 of Activist #MMT. Today's the second in my two-part conversation with author, mathematician, and bond analyst Brian Romanchuk (Twitter/RomanchukBrian), on the basics of the secondary market and how it relates to the primary market. Today in part two, Brian continues describing the participants in the secondary market, why they do what they do, and shares several anecdotes from his many years of experience as a bond analyst for fixed income recipients in Canada.

A fuller introduction can be found before part one. But for now, let's get right back to my conversation with Brian Romanchuk. Enjoy.

A fuller introduction can be found at the beginning of part one, but for now, let's get right back to my conversation with Brian Romanchuk. Enjoy.

Audio chapters

  • 4:03 - The internet allows you to do a large quantity of small transactions BUT everyone can see it (it's publicly viewable)
  • 4:47 - "Reallocation between bonds and equities."
  • 8:19 - What is the population of who purchases bonds?
  • 26:24 - The rich don't just buy bonds themselves, as individuals.
  • 28:22 - Municipal bonds don't play a large role in the macro economy
  • 30:01 - Z-1 document from the Federal Reserve
  • 32:11 - Who exactly are the supposed bond vigilantes? (The really powerful bond purchasers would never say anything publicly. It would be a breach of their fiduciary duty! Anyone talking on the news is only talking for themselves.)
  • 33:57 - The most important players keep their mouth shut
  • 36:07 - Speaking publicly is marketing and manipulation
  • 41:40 - Anthropomorphic
  • 45:08 - What people say, when not under legal obligation to be truthful, is sometimes manipulation and marketing.
  • 49:03 - Reasonable people know the national government isn't really going to default
  • 55:28 - Bringing it back to the beginning: The three core reasons why the government, not the market, is in control
  • 58:47 - How would everything we've discussed change is we lived in a ZIRP world?
  • 1:03:12 - ZIRP is bad only in the sense that
  • 1:15:15 - Duplicate of introduction, with no background music (for those with sensitive ears)