The MMT Podcast with Patricia Pino & Christian Reilly

The MMT Podcast offers economic analysis on current issues from a Modern Monetary Theory perspective. Aimed at anyone who has ever felt lost in the jargon used by mainstream economics commentators. We believe economics is for everyone. You can help sustain this podcast via Patreon: https://www.patreon.com/MMTpodcast

#187 Phil Armstrong: MMT & Austrian Economics (part 2) 05/29/2024

#187 Phil Armstrong: MMT & Austrian Economics (part 2) Part 2: Christian talks to Dr Phil Armstrong about his recent paper: “History and origin of money in MMT and Austrian Economics: The difference methodology makes?” Part 1: Full conversation available here: Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: All our episodes in chronological order: All our patron-only episodes: LIVE EVENTS! July 15-17 Inaugural UK Modern Monetary Theory Conference (Leeds, UK): August 19th - 23rd Dirk Ehnts’ Maastricht University Modern Monetary Theory and European Macroeconomics course (application deadline 19th July): August 27-29 MMT Summer school (Poznan, Poland): August 30 - September 2nd, 4th European MMT Conference (Berlin, Germany) no details published yet, but updates will be here: Updates on worldwide screenings of the documentary “Finding The Money” can be found here: To arrange a screening of “Finding The Money”, apply here: STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab’s online graduate, postgraduate and standalone courses in economics are here: Relevant to this episode: “History and origin of money in MMT and Austrian Economics: The difference methodology makes?” by Phil Armstrong: “Can Heterodox Economics Make a Difference?” by Phil Armstrong: Phil is co-author of “Modern Monetary Theory - Key Insights, Leading Thinkers” - order here: Our episode with Richard Tye on the evolution of the BoE “The Bank of England - The Prequel”: Introduction to ergodicity: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers”: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/31480327

#186 Phil Armstrong: MMT & Austrian Economics (part 1) 04/24/2024

#186 Phil Armstrong: MMT & Austrian Economics (part 1) Part 1: Christian talks to Dr Phil Armstrong about his recent paper: “History and origin of money in MMT and Austrian Economics: The difference methodology makes?” Full conversation available here: Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: All our episodes in chronological order: All our patron-only episodes: LIVE EVENTS! June 17-21 Bard College Summer Workshop in Public Finance and Economic Policy (online) applications close 30th April: July 15-17 Inaugural UK Modern Monetary Theory Conference (Leeds, UK): August 19th - 23rd Dirk Ehnts’ Maastricht University Modern Monetary Theory and European Macroeconomics course: August 27-29 MMT Summer school (Poznan, Poland) - no details published yet, but updates will be here: August 30 - September 2nd, 4th European MMT Conference (Berlin, Germany) no details published yet, but updates will be here: Updates on worldwide screenings of the documentary “Finding The Money” can be found here: To arrange a screening of “Finding The Money”, apply here: STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab’s online graduate, postgraduate and standalone courses in economics are here: Relevant to this episode: “History and origin of money in MMT and Austrian Economics: The difference methodology makes?” by Phil Armstrong: “Can Heterodox Economics Make a Difference?” by Phil Armstrong: Phil is co-author of “Modern Monetary Theory - Key Insights, Leading Thinkers” - order here: Our episode with Richard Tye on the evolution of the BoE “The Bank of England - The Prequel”: Introduction to ergodicity: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers”: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/30917378

#185 Dirk Ehnts: The public debt is what we own, not what we owe 03/29/2024

#185 Dirk Ehnts: The public debt is what we own, not what we owe 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: All our episodes in chronological order: All our patron-only episodes: LIVE EVENTS! June 17-21 Bard College Sumer Workshop in Public Finance and Economic Policy (online) applications close 30th April: July 15-17 Inaugural UK Modern Monetary Theory Conference (Leeds, UK): August 19th - 23rd Dirk Ehnts’ Maastricht University Modern Monetary Theory and European Macroeconomics course: August 27-29 MMT Summer school (Poznan, Poland) - no details published yet, but updates will be here: August 30 - September 2nd, 4th European MMT Conference (Berlin, Germany) no details published yet, but updates will be here: Updates on worldwide screenings of the documentary “Finding The Money” can be found here: To arrange a screening of “Finding The Money”, apply here: STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab’s online graduate, postgraduate and short, standalone courses in economics: Relevant to this episode: “Modern Money Theory: A Simple Guide to the Monetary System (Professional Practice in Governance and Public Organizations)” by Dirk Ehnts (Released 5th May 2024): “Revisiting MMT, Sovereign Currencies and the Eurozone: A Reply to Marc Lavoie” by Dirk Ehnts & L. Randall Wray: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: Other MMT Events And Courses: Information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) will be published here it they becomes available: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers”: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/30596023

#184 Steven Hail: What if people aren’t utility-maximising omniscient supercomputers? 02/26/2024

#184 Steven Hail: What if people aren’t utility-maximising omniscient supercomputers? STOP PRESS! FOR OUR AUSTRALIAN PALS - THE “FINDING THE MONEY” FILM TOUR STARTS THIS WEEK - AS IN 27TH OF FEBRUARY! MORE DETAILS HERE: 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: All our episodes in chronological order: All our patron-only episodes: MORE LIVE EVENTS! Economics Of The Real World (Edinburgh, 21st March 2024): Scotonomics Festival Of Economics (Dundee, Scotland, 22-24th March 2024): Inaugural UK Modern Monetary Theory Conference (Leeds, July 15-17, 2024): STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab’s online graduate, postgraduate and standalone courses in economics are here: Relevant to this episode: Professor L Randall Wray | The History and Nature of Money: Professor Stephanie Kelton | Finding The Money: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers”: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/30113523

#183 Mark Diesendorf: The Path To An Ecologically Just Civilisation 01/10/2024

#183 Mark Diesendorf: The Path To An Ecologically Just Civilisation 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, “The Path To An Ecologically Just Civilisation”. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: All our episodes in chronological order: All our patron-only episodes: LIVE EVENTS! A presentation by Bill Mitchell (London, January 26): Economics Of The Real World (Edinburgh, 21st March 2024): Scotonomics Festival Of Economics (Dundee, Scotland, 22-24th March 2024): STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab’s online graduate, postgraduate and standalone courses in economics are here: Relevant to this episode: Buy “The Path to a Sustainable Civilisation: Technological, Socioeconomic and Political Change” by Mark Diesendorf & Rod Taylor: For more on the mechanics of the banking system, see “Episodes on monetary operations” (below) “The appallingly bad neoclassical economics of climate change” by Steve Keen: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers”: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/29324833

#182 Warren Mosler & Cory Doctorow In Conversation 12/24/2023

#182 Warren Mosler & Cory Doctorow In Conversation Christian talks to author Cory Doctorow and MMT founder Warren Mosler about Cory’s latest book “The Lost Cause” (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: All our episodes in chronological order: All our patron-only episodes: LIVE EVENTS! Economics Of The Real World (Edinburgh, Scotland 21st March 2024): Scotonomics Festival Of Economics (Dundee, Scotland 22-24th March 2024): STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab’s online graduate, postgraduate and standalone courses in economics are here: Relevant to this episode: Buy “The Lost Cause” by Cory Doctorow: “Moneylike” by Cory Doctorow (Cory applies MMT insights to crypto in this article): “Maximizing Price Stability in a Monetary Economy” by Warren Mosler & Damiano B. Silipo: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers”: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/29217178

#181 Erik Dean: What’s Standing Between Us And A 15-Hour Work Week? 10/17/2023

#181 Erik Dean: What’s Standing Between Us And A 15-Hour Work Week? Patricia and Christian talk to economist, author and Modern Money Lab instructor Dr Erik Dean about the history of Keynesianism, BS jobs, and Keynes’ “Economic Possibilities For Our Grandchildren”. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: All our episodes in chronological order: All our patron-only episodes: LIVE EVENTS! Economics Of The Real World (Edinburgh, Scotland 21st March 2024): Scotonomics Festival Of Economics (Dundee, Scotland 22-24th March 2024): STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab’s online graduate, postgraduate and standalone courses in economics are here: Relevant to this episode: Dr Erik Dean’s YouTube channel: “Economic Possibilities For Our Grandchildren” by J.M. Keynes: 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. I’ve linked to those here, but a library login is required: , For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers”: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/28341599

#180 John T. Harvey: MMT, The UK, and Pound Sterling 09/23/2023

#180 John T. Harvey: MMT, The UK, and Pound Sterling 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: All our episodes in chronological order: All our patron-only episodes: LIVE EVENTS! Economics Of The Real World (Edinburgh, Scotland 21st March 2024): Scotonomics Festival Of Economics (Dundee, Scotland 22-24th March 2024): Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers”: Relevant to this episode: All our episodes with John T. Harvey: John’s Cowboy Economist channel: John’s Forbes blog: “Taxes For Revenue Are Obsolete” by Beardsley Ruml: “Money Growth Does Not Cause Inflation!” by John T Harvey: Our episodes with Dr Sam Levey about war mobilisation: Episode 32 -How Uncle Sam Paid For World War II (part 1): , (part 2) , Episode 76: MMT For Mainstream Economists And Mobilisation Theory (part 1): , (part 2): For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/28120913

#178 Building An Economy For The People - Unpacking The Deficit Myth Part 7 07/30/2023

#178 Building An Economy For The People - Unpacking The Deficit Myth Part 7 Patricia & Christian conclude their conversation about Stephanie Kelton’s best-seller The Deficit Myth. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: All our episodes in chronological order: All our patron-only episodes: LIVE EVENTS! “Rethinking Capitalism” weekend event with Dr Steven Hail (Canberra, 26th-27th August): Sign up to the Gower Initiative For Modern Money Studies’ mailing list for updates about their event with Warren Mosler in London on 1st September (details TBC): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: Relevant to this episode: Our “Unpacking The Deficit Myth” series: For more on MMT and the NHS/Medicare4All, listen to: Episode 42 - John T Harvey: The NHS And Healthcare Economics: and Episode 96 - Deborah Harrington: The Fight For The NHS: For more on MMT and ecological economics, listen to: Episode 39c - Steven Hail - Green Economics, A Just Transition and The 2020 Sustainable Prosperity Conference , Episode 108 - Steven Hail & Gabrielle Bond: Achieving Sustainable Prosperity: , Episode 172 - Steven Hail: Bond Vigilantes! Inflation! The National Debt! The Excuseonomics Killing The Planet: , Episode 138 - Stephen Williams: Economics vs The Planet: , Episode 140 - Michael Hoexter: Hard Money Ideology Won’t Save The Planet: and Episode 141 - Phil Lawn: On Ecological Economics: For more on Overt Monetary Financing, read “Overt Monetary Financing – again”, by Bill Mitchell: 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: , 126 - Dirk Ehnts: How Banks Create Money: and episode 43 - Sam Levey: Understanding Endogenous Money: For more on the MMT Job Guarantee, see “Our Job Guarantee episodes” (below). For more on MMT and inflation, see “Episodes on inflation” (below) For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Order “The Deficit Myth” by Stephanie Kelton: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): Order L Randall Wray’s latest book, “Making Money Work for Us” (2022): Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses In 2023: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/27600789

#177 L. Randall Wray: Money For Beginners - A Politician’s Guide 07/23/2023

#177 L. Randall Wray: Money For Beginners - A Politician’s Guide 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 “Money For Beginners - An Illustrated Guide” 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: All our episodes in chronological order: All our patron-only episodes: LIVE EVENTS! Rethinking Capitalism weekend (Canberra, 26th - 27th August): Sign up to the Gower Initiative For Modern Money Studies’ mailing list for updates about their event with Warren Mosler in London on 1st September (details TBC): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: Relevant to this episode: All our episodes with L. Randall Wray: Books By L. Randall Wray: Papers By L. Randall Wray: Public sector pay rises of 10% would add little to inflation, says UK thinktank: For more on MMT-informed perspectives on the euro, listen to: Episode 55 - Dirk Ehnts: A Way Forward For The Eurozone: , Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: and Episode 160 - Stuart Medina Miltimore: The Euro Is The Problem: 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: and episode 43 - Sam Levey: Understanding Endogenous Money: For more on why government bond issuance (so-called government “borrowing”) does not “crowd out” private sector investment under a floating exchange rate currency regime, listen to episode 142 - Every Deficit Is Good For Someone: For more on the MMT Job Guarantee, see “Our Job Guarantee episodes” (below). For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses In 2023: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Details of the MMT Summer school in Poznań, Poland (September 5th-7th): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/27540420

#176 Dirk Ehnts: Ending The Polycrisis 07/12/2023

#176 Dirk Ehnts: Ending The Polycrisis 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, Britain’s 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: All our episodes in chronological order: All our patron-only episodes: LIVE EVENTS! Rethinking Capitalism weekends (Sydney 22nd and 23rd July, Canberra 26th and 27th August): Sign up to the Gower Initiative For Modern Money Studies’ mailing list for updates about their event with Warren Mosler in London on 1st September (details TBC): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: Relevant to this episode: All our episodes with Dirk Ehnts: Dirk Ehnts’ website: Dirk Ehnts on Twitter: 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 “Wicksellian money” after Knut Wicksell), listen to episode 126 - Dirk Ehnts: How Banks Create Money: and episode 43 - Sam Levey: Understanding Endogenous Money: For more on why government bond issuance (so-called government “borrowing”) does not “crowd out” private sector investment under a floating exchange rate currency regime, listen to episode 142 - Every Deficit Is Good For Someone: For more on the MMT Job Guarantee, see “Our Job Guarantee episodes” (below). For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses In 2023: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Details of the MMT Summer school in Poznań, Poland (September 5th-7th): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/27445098

#175 Yan Liang: China, Trade & Reforming The System 07/05/2023

#175 Yan Liang: China, Trade & Reforming The System Patricia & Christian talk to Kremer Endowed Chair of Economics at Willamette University, Professor Yan Liang about China’s 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: All our episodes in chronological order: All our patron-only episodes: LIVE EVENTS! Rethinking Capitalism weekends (Sydney 22nd, 23rd July and Canberra 26th, 27th August): Sign up to the Gower Initiative For Modern Money Studies’ mailing list for updates about their event with Warren Mosler in London on 1st September (details TBC): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: Relevant to this episode: Yan Liang on Twitter: For more on international trade through the MMT lens, listen to episode 158 - “Winning” At Trade: For more on Warren’s Mosler’s 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: 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): and episode 31 - Understanding Government Bonds (Part 2): For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses In 2023: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Details of the MMT Summer school in Poznań, Poland (September 5th-7th): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/27367257

#174 Phil Armstrong: Taking A Mallet To Monetarists 06/28/2023

#174 Phil Armstrong: Taking A Mallet To Monetarists 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 “Can Heterodox Economics Make A Difference?” Dr Phil Armstrong about changing the game. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: All our episodes in chronological order: All our patron-only episodes: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): LIVE EVENTS! Rethinking Capitalism weekends (Sydney 22nd, 23rd July and Canberra 26th, 27th August): Sign up to the Gower Initiative For Modern Money Studies’ mailing list for updates about their event with Warren Mosler in London on 1st September (details TBC): Details of the MMT Summer school in Poznań, Poland (September 5th-7th): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th): Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Relevant to this episode: All our episodes with Phil Armstrong: Phil on Twitter: 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): and episode 31 - Understanding Government Bonds (Part 2): For more on Warren’s Mosler’s 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: 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: and episode 43 - Sam Levey: Understanding Endogenous Money: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses In 2023: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Details of the MMT Summer school in Poznań, Poland (September 5th-7th): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/27303768

#173 Warren Mosler: The Financial Sector - A Cost-Benefit Analysis 06/21/2023

#173 Warren Mosler: The Financial Sector - A Cost-Benefit Analysis 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: All our episodes in chronological order: All our patron-only episodes: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): LIVE EVENTS! Rethinking Capitalism weekends (Sydney 22nd, 23rd July and Canberra 26th, 27th August): Sign up to the Gower Initiative For Modern Money Studies’ mailing list for updates about their event with Warren Mosler in London on 1st September (details TBC): Details of the MMT Summer school in Poznań, Poland (September 5th-7th): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: Relevant to this episode: All our episodes with Warren Mosler: Warren on Twitter: Warren’s website: Our two-part interview with Steven Hail explaining the terminology and the mechanics of government bonds: Episode 30 - Understanding Government Bonds (Part 1): and episode 31 - Understanding Government Bonds (Part 2): For more on Warren’s 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: 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: and episode 43 - Sam Levey: Understanding Endogenous Money: Two articles on Warren’s visit to Argentina in May 2022, with links to presentations: , For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses In 2023: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Details of the MMT Summer school in Poznań, Poland (September 5th-7th): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/27206487

#172 Steven Hail: Bond Vigilantes! Inflation! The National Debt! The Excuseonomics Killing The Planet 06/15/2023

#172 Steven Hail: Bond Vigilantes! Inflation! The National Debt! The Excuseonomics Killing The Planet 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: All our episodes in chronological order: All our patron-only episodes: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): LIVE EVENTS! Details of the MMT Summer school in Poznań, Poland (September 5th-7th): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: To attend James K. Galbraith’s Keynote Lecture, (June 15th, 2023, 1-2:30pm ET) RSVP at the bottom of this page: Relevant to this episode: All our episodes with Steven Hail: Find out more about Modern Money Lab courses and “Rethinking Capitalism” events here: Our two-part interview with Steven explaining the terminology and the mechanics of government bonds: Episode 30 - Understanding Government Bonds (Part 1): and episode 31 - Understanding Government Bonds (Part 2): Steven mentions Warren Mosler’s 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: 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: and episode 43 - Sam Levey: Understanding Endogenous Money: 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 Fed’s Magical Monetarist Thinking Strikes Again: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses In 2023: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Details of the MMT Summer school in Poznań, Poland (September 5th-7th): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/27152196

#171 Pavlina Tcherneva: Three Lessons From Government Spending And The Post-Pandemic Recovery 06/09/2023

#171 Pavlina Tcherneva: Three Lessons From Government Spending And The Post-Pandemic Recovery Patricia & Christian talk to economist and author of “The Case For A Job Guarantee” Professor Pavlina Tcherneva about her chapter in the recently-published “MMT: Key Insights, Leading Thinkers”. 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: All our episodes in chronological order: All our patron-only episodes: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): LIVE EVENTS! Details of the MMT Summer school in Poznań, Poland (September 5th-7th): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: To attend James K. Galbraith’s Keynote Lecture, (June 15th, 2023, 1-2:30pm) RSVP at the bottom of this page: Relevant to this episode: All our episodes with Pavlina Tcherneva: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: Christian mentions Pavlina’s lecture where she describes the “original sin” of money systems (that they necessarily create unemployment). That’s in this episode, along with the route to “redemption” - Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Pavlina mentions the NAIRU (Non-accelerating inflation rate of unemployment). More here: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses In 2023: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Details of the MMT Summer school in Poznań, Poland (September 5th-7th): Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/27083313

#170 Cory Doctorow: Shakedowns, Shell Games & Other Silicon Valley Shenanigans 05/17/2023

#170 Cory Doctorow: Shakedowns, Shell Games & Other Silicon Valley Shenanigans Patricia & Christian talk to acclaimed author and activist Cory Doctorow, about his new crypto heist thriller “Red Team Blues”, 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: Order “Red Team Blues” here: LIVE EVENT! Christian will be interviewing Cory Doctorow in Nottingham (UK!) on Tuesday 30th May 2023, tickets here: All our episodes in chronological order: Patron-only episodes: Patron-only GIMMS Book Launch Presentations [audio]: Daniel Kostzer on Argentina’s “Jefes de Hogar” Public Employment Programme: Phil Armstrong On Useful Economists: Neil Wilson On How The Government Spends: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): Relevant to this episode: All our episodes with Cory Doctorow: Cory’s podcast: Cory’s upcoming live events: We talk a little more in-depth about crypto tokens as “proof of work” and “proof of stake” in this episode: Episode 135 - Cory Doctorow: Blockchain, Bitcoin & Selling The Brooklyn Bridge: “The Inevitability of Trusted Third Parties” by Cory Doctorow: Cory mentions previous guest Daniel Kostzer likening capitalism to a car with no steering wheel being driven at high speed down a road - that’s from this episode: Cory mentions the inspirational economist and teacher Dr Fadhel Kabuob - here are all our episodes with him: Cory mentions our episode on tally sticks and the history of UK exchequer with Richard Tye. It’s great! Have a listen here: “Tiktok's enshittification” by Cory Doctorow: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: Episodes on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses In 2023: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Details of the next MMT Summer school in Poznań, Poland (September 5th-7th) will be available on this page when confirmed: Website of the 3rd International European MMT Conference (September 9th-10th: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/26852994

#169 Daniel Kostzer: Building A Job Guarantee In Practice 05/10/2023

#169 Daniel Kostzer: Building A Job Guarantee In Practice Patricia & Christian talk to Daniel Kostzer, chief economist at the International Trade Union Confederation and contributor to “Modern Monetary Theory: Key Insights, Leading thinkers” about his chapter, which revisits Argentina’s 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: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): LIVE EVENT! Christian will be interviewing Cory Doctorow in Nottingham (UK!) on Tuesday 30th May 2023, tickets here: GIMMS Book Launch Presentations: Daniel Kostzer on Argentina’s “Jefes de Hogar” Public Employment Programme: Phil Armstrong On Useful Economists: Neil Wilson On How The Government Spends: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: All our episodes in chronological order: Relevant to this episode: Daniel Kostzer on Twitter: 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: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: We also talked with Argentinian economist Agustin Mario about the Jefes Program in episode 119 - MMT In Latin America & Argentina’s Jefes Y Jefas Program: “Zimbabwe for hyperventilators 101” by Bill Mitchell: We touch on inflation in this episode, and for more on inflation, see our episodes on inflation (listed below). Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses In 2023: More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Details of the next MMT Summer school in Poznań, Poland (September 5th-7th) will be available on this page when confirmed: Website of the 3rd International European MMT Conference (September 9th-10th: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/26789937

#168 You’re Entitled! Unpacking The Deficit Myth Part 6 05/06/2023

#168 You’re Entitled! Unpacking The Deficit Myth Part 6 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 Kelton’s best-seller, The Deficit Myth and ask: can the world’s 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: LIVE EVENT! Christian will be interviewing Cory Doctorow in Nottingham (UK!) on Tuesday 30th May 2023, tickets here: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Our “Unpacking The Deficit Myth” series: All our episodes in chronological order: 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: 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: For more on the effective dependency ratio, see “Ageing, Social Security, and the Intergenerational Debate” by Bill Mitchell: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Order “The Deficit Myth” by Stephanie Kelton: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): Order L Randall Wray’s latest book, “Making Money Work for Us” (2022): Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: MMT Events And Courses In 2023 More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Details of the next MMT Summer school in Poznań, Poland (September 5th-7th) will be available on this page when confirmed: Website of the 3rd International European MMT Conference (September 9th-10th: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/26762115

#167 Richard Tye: The Bank of England - The Prequel 04/17/2023

#167 Richard Tye: The Bank of England - The Prequel Patricia & Christian talk to Richard Tye, contributor to the recently-published “MMT: Key Insights, Leading thinkers”, about his chapter: “Credit and The Exchequer since the Restoration”. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers”: Free tickets for the launch of “Modern Monetary Theory - Key Insights, Leading Thinkers”, in London on Thursday 20th April: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: All our episodes in chronological order: Richard Tye on Twitter: Relevant to this episode: “A History Lost – The English Tally” by Richard Tye: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): In this episode, Richard advocates for the MMT Job Guarantee - for more on that, see our Job Guarantee episodes listed below. Richard also advocates for the abolition of corporation tax. To find out more about why that isn’t the regressive policy it may sound like, listen to episode 110 - L. Randall Wray: Are We Living In An MMT World?: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: MMT Events And Courses In 2023 More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Details of the next MMT Summer school in Poznań, Poland (September 5th-7th) will be available on this page when confirmed: Website of the 3rd International European MMT Conference (September 9th-10th: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/26556132

#166 Dirk Ehnts: What Are Taxes For? 04/14/2023

#166 Dirk Ehnts: What Are Taxes For? For currency-issuing governments, taxes for revenue are obsolete, so what *are* they for? Patricia & Christian talk to economist and author Dr Dirk Ehnts about the role of taxation in modern money systems, banking regulation, inflation, new eurozone fiscal rule proposals, and more. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th): Website of the 3rd International European MMT Conference (September 9-10: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers”: Free tickets for the launch of “Modern Monetary Theory - Key Insights, Leading Thinkers”, in London on 20th April: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: All our episodes in chronological order: All our episodes with Dirk Ehnts: Dirk Ehnts’ website: Dirk Ehnts on Twitter: Relevant to this episode: For more on the interplay between commercial bank money (deposits) and central bank money (reserves), listen to our Episode 126 - Dirk Ehnts: How Banks Create Money: 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 43 - Sam Levey: Understanding Endogenous Money: “Is Paper Money Just Paper Money? Experimentation and Variation in the Paper Monies Issued by the American Colonies from 1690 to 1775” by Farley Grubb: “What Are Taxes For? The MMT Approach” by L. Randall Wray: “Taxes for Revenue are Obsolete” by Beardsley Ruml “COVID-19 and its economic consequences for the Euro Area” by Dirk Ehnts and Michael Paetz: “Completing The Euro: The Euro Treasury And The Job Guarantee” by Esteban Cruz Hidalgo, Dirk H. Ehnts & Pavlina R. Tcherneva: More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: Episode 163 - L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again: Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: MMT founder Warren Mosler’s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: Details of the Finnish translation of Dirk Ehnts’ “MMT essentials”: Dirk talks about price-setting power being one of the causes of inflation, for Warren Mosler’s view of the state as price-setter listen to this episode - Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Details of the next MMT Summer school in Poznań, Poland (September 5th-7th) will be available on this page when confirmed: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: MMT Events And Courses In 2023 More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Details of the next MMT Summer school in Poznań, Poland (September 5th-7th) will be available on this page when confirmed: Website of the 3rd International European MMT Conference (September 9th-10th: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/26541507

#165 Robert Hockett: Sparking An Industrial Renewal By Building Banks Better 04/06/2023

#165 Robert Hockett: Sparking An Industrial Renewal By Building Banks Better Christian talks to Edward Cornell Professor of Law, public finance consultant, and author of “Financing The Green New Deal” Robert Hockett about the recent collapses in the banking system and how to make banks work for people, rather than the other way around. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: Order “The Citizens' Ledger: Digitizing Our Money, Democratizing Our Finance” by Robert Hockett: Sign up to Robert Hockett’s Substack: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers”: Free tickets for the launch of “Modern Monetary Theory - Key Insights, Leading Thinkers”, in London on 20th April: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: All our episodes in chronological order: All our episodes with Robert Hockett: Relevant to this episode: “How to Spark a Nationwide Main Street Industrial Renewal with Universal Deposit Insurance” By Robert Hockett: Robert’s Draft legislation, the Federal Deposit Insurance Completion Act and the Treasury Dollar Act, and explainers for each are on this link: In this episode, Robert talks about Wicksellian credit money creation. Knut Wicksell was one of the earliest financial practitioners to observe that bank loans create bank deposits, rather than the other way around. This is known as the endogenous money view. Robert talks more about Wicksell in these episodes: Episode 73: Spreading The Fed & Why Wicksell Matters (part 1): Episode 74: Spreading The Fed & Why Wicksell Matters (part 2): For more on the endogenous money view (again, the non-fringe, now very mainstream view that bank loans create deposits, not the other way around), listen to: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 126 - Dirk Ehnts: How Banks Create Money: Robert Hockett’s Forbes blog: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: MMT Events And Courses In 2023 More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/26467209

#164 Yeva Nersisyan: Saving Social Security From Its Saviours 04/01/2023

#164 Yeva Nersisyan: Saving Social Security From Its Saviours Patricia & Christian talk to Associate Professor of Economics at Franklin & Marshall college Yeva Nersisyan about 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. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers”: Free tickets for the launch of “Modern Monetary Theory - Key Insights, Leading Thinkers”, in London on 20th April: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: All our episodes in chronological order: Relevant to this episode: “Lowering inflation isn’t a job for a one-trick pony” by Yeva Nersisyan: “The collapse of SVB shows why monetary policy is the wrong tool to fight inflation” by Yeva Nersisyan & L. Randall Wray: 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 43 - Sam Levey: Understanding Endogenous Money: Episode 126 - Dirk Ehnts: How Banks Create Money: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: MMT Events And Courses In 2023 More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/26411595

#163 L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again 03/24/2023

#163 L. Randall Wray: Breaking Banks - The Fed’s Magical Monetarist Thinking Strikes Again Patricia and Christian talk to award-winning economist and author of “Making Money Work For Us” Professor L. Randall Wray about how central banks use [checks notes] *vibes* to “anchor inflation expectations”, why it keeps failing, and what might work instead. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: Order “Making Money Work for Us” by L. Randall Wray: Order “Money for Beginners: An Illustrated Guide” by L. Randall Wray: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers”: Free tickets for the launch of “Modern Monetary Theory - Key Insights, Leading Thinkers”, in London on 20th April: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: All our episodes in chronological order: All our episodes with L. Randall Wray: Relevant to this episode: “Magical Monetary Thinking at the Fed Killed SVB” by L. Randall Wray & Stephanie Kelton: “The collapse of SVB shows why monetary policy is the wrong tool to fight inflation” by Yeva Nersisyan & L. Randall Wray: Randy talks about how central banks had to give up on targeting money supply - and that’s because the money supply is determined endogenously. 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 43 - Sam Levey: Understanding Endogenous Money: Episode 126 - Dirk Ehnts: How Banks Create Money: Randy talks about US government bond issuance during World War II being a whole other story - for more on that, listen to these two episodes: Episode 32 - Sam Levey: How Uncle Sam Paid For World War II (part 1): Episode 33 - Sam Levey: How Uncle Sam Paid For World War II (part 2): Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: MMT Events And Courses In 2023 More information about Professor Bill Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/26328528

#162 Warren Mosler: Anatomy Of A Bank Run 03/17/2023

#162 Warren Mosler: Anatomy Of A Bank Run Patricia and Christian talk to MMT founder Warren Mosler about the recent collapse of Silicon Valley Bank and more. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): Free tickets for the launch of “Modern Monetary Theory - Key Insights, Leading Thinkers”, in London on 20th April: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: All our episodes in chronological order: All our episodes with Warren Mosler: Warren Mosler on Twitter: Warren Mosler’s website: For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Relevant to this episode: Warren Mosler’s proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: For more on endogenous money (ie commercial bank loans create deposits, not the other way around): Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 144 - Warren Mosler explains why the natural rate of interest is zero: Episode 123 - Warren Mosler explains the source of the price level and implications for inflation using the MMT lens: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: On government debt: “Some Numbers Are Big. Let Me Help You Get Over It”: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: MMT Events And Courses In 2023 Tickets to the very first Scotonomics festival (online or in-person, Dundee, Scotland 24th-26th March) are available here: More information about Professor Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/26260113

#161 Phil Armstrong: What’s Fiscal Policy For Again? 03/15/2023

#161 Phil Armstrong: What’s Fiscal Policy For Again? Christian talks to economist and author Dr Phil Armstrong about what’s likely to be missing from coverage of the UK budget this week and what functional fiscal policy might look like. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): Tickets (free!) for the launch of “Modern Monetary Theory - Key Insights, Leading Thinkers”, in London on 20th April: Order “Can Heterodox Economics Make a Difference?” by Phil Armstrong: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: All our episodes in chronological order: All our episodes with Phil Armstrong: Phil Armstrong on Twitter: Relevant to this episode: For more on endogenous money (ie commercial bank loans create deposits, not the other way around): Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 126 - Dirk Ehnts: How Banks Create Money: For more on the MMT Job Guarantee: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: We talk about what caused the pension fund crisis during the Truss government (or mini-government?) here: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: On government debt: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download MMT founder Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: MMT Events And Courses In 2023 Tickets to the very first Scotonomics festival (online or in-person, Dundee, Scotland 24th-26th March) are available here: More information about Professor Mitchell’s MMTed project (free public online courses in MMT) here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/26225163

#160 Stuart Medina Miltimore: The Euro Is The Problem 03/03/2023

#160 Stuart Medina Miltimore: The Euro Is The Problem Patricia & Christian talk to Stuart Medina Miltimore, economist and founder of the Spanish advocacy group Red MMT about his chapter (co-written with Bill Mitchell) in the major new academic collaboration “Modern Monetary Theory - Key Insights, Leading Thinkers”, which lays out how the euro has driven austerity and the depoliticisation of European democracies. Whether they know it or not, currency union members (and prospective members) have a choice: status quo, reform, or exit? Understanding modern money - as a policy tool designed to mobilise resources, rather than as an inert medium of exchange - is key to understanding the human stakes of that choice. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: All our episodes in chronological order: All our episodes with Stuart Medina Miltimore: Stuart Medina Miltimore on Twitter: The website of Stuart’s organisation, Red MMT (contains many MMT resources in Spanish, and site can also be translated into other languages using browser functions): Red MMT YouTube Channel: Relevant to this episode: For more on Eurozone Job Guarantee proposals: “Maximizing Price Stability in a Monetary Economy” by Warren Mosler & Damiano Bruno Silipo: “Completing the Euro: The Euro Treasury and the Job Guarantee” by Esteban Cruz Hidalgo, Dirk Ehnts and Pavlina R. Tcherneva: For more on the MMT Job Guarantee in general : Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Pavlina Tcherneva’s Job Guarantee FAQ page: Curried EMU - the meal that fails to nourish by Wynne Godley: Our episode 103 - with Ndongo Samba Sylla on The CFA Franc & The Movement For Monetary Sovereignty In Africa: Warren Mosler tells the “Dogs & Bones” story: Overview of automatic stabilisers: We talk about what caused the pension fund crisis during the Truss government (or mini-government?) here: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: On government debt: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download MMT founder Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: MMT Events And Courses In 2023 Apply for Professor Bill Mitchell’s short, free online course in Modern Monetary Theory (February 15th - March 14th) here: More information about Professor Mitchell’s MMTed project (free public online courses in MMT) here: Tickets to the very first Scotonomics festival (online or in-person, Dundee, Scotland 24th-26th March) are available here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: MMT scholarship compiled by New Economic Perspectives: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/26118975

#159 L. Randall Wray: How MMT Can Save The World 02/22/2023

#159 L. Randall Wray: How MMT Can Save The World What is money, where does it come from and why is it important? Patricia & Christian talk to award-winning primary MMT academic Professor L. Randall Wray about his latest book “Making Money Work For Us” and his part in the new academic collaboration “Modern Monetary Theory - Key Insights, Leading Thinkers.” Also in this episode: What are taxes for? Where do commercial banks fit in? And what is “doing MMT”? Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: Order L Randall Wray’s latest book, “Making Money Work for Us” (2022): Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: All our episodes in chronological order: All our episodes with L. Randall Wray: Relevant to this episode: Episode 133 with Professor Hannah Appel, co-founder of The Debt Collective: For more on quantitative easing: Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 59 - Warren Mosler: What Do Central Banks Do?: For more on the meaning of endogenous and exogenous money, listen to our episode 43 - Sam Levey: Understanding Endogenous Money: For more on the MMT Job Guarantee (the targeted spending Professor Wray refers to in this episode), Pavlina Tcherneva lays out why the Job Guarantee is core to Modern Monetary Theory in Episode 148: “WHAT IS MONEY?” by A Mitchell Innes: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: On government debt: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download MMT founder Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Pavlina Tcherneva’s Job Guarantee FAQ page: MMT Events And Courses In 2023 Apply for Professor Bill Mitchell’s short, free online course in Modern Monetary Theory (February 15th - March 14th) here: More information about Professor Mitchell’s MMTed project (free public online courses in MMT) here: Tickets to the very first Scotonomics festival (online or in-person, Dundee, Scotland 24th-26th March) are available here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Extensive list of MMT scholarship compiled by New Economic Perspectives: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/25997688

#158 “Winning” At Trade - Unpacking The Deficit Myth Part 5 02/17/2023

#158 “Winning” At Trade - Unpacking The Deficit Myth Part 5 Part 5: Patricia and Christian continue their conversation about Stephanie Kelton’s best-seller The Deficit Myth. In this episode: what does it mean for a nation to “win” or “lose” at trade? As the global 99% are pitted against each other in an increasingly gigified international job market, who’s “we” and what is “winning”? In an effort to dodge their responsibility for domestic unemployment, politicians have become very adept at mesmerising electorates with trade three-card Monte - focusing our attention on jobs and potential income flowing overseas, when a focus on real goods and services flowing *in* from the rest of the world reveals that trade deficits actually *improve* living standards for importing nations in real terms. Nevertheless, in pursuit of political “wins”, leaders squander actual wins in pursuit of arbitrary economic indicators with the only economic management tool they think they have: unemployment. Understanding modern money shows how we can truly succeed without sacrificing people or the planet. ============= Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: Our “Unpacking The Deficit Myth” series: All our episodes in chronological order: Relevant to this episode: Shop to Win! Warren Mosler on Trump Tariffs: Pavlina Tcherneva lays out why the Job Guarantee is core to Modern Monetary Theory in Episode 148: Fadhel Kaboub defines monetary sovereignty in Episode 12 - Monetary Sovereignty, Colonialism and Independence: Dirk Ehnts lays out a plan for a Eurozone-wide Job Guarantee in Episode 155: Paper on the above proposal - “Completing The Euro: The Euro Treasury And The Job Guarantee” by Esteban Cruz Hidalgo, Dirk H. Ehnts & Pavlina R. Tcherneva: Warren Mosler and Damiano B. Silipo’s Job Guarantee proposal for the eurozone is within this paper - “Maximizing Price Stability in a Monetary Economy”: For more on the Job Guarantee as a “labour standard” (as opposed to a gold standard) to achieve superior price stability to our current system, listen to our episode 125 - Sam Levey: Monopoly, Monopsony, And What To Do About Them: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: On government debt: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download MMT founder Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Order “The Deficit Myth” by Stephanie Kelton: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023): Order L Randall Wray’s latest book, “Making Money Work for Us” (2022): Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Pavlina Tcherneva’s Job Guarantee FAQ page: MMT Events And Courses In 2023 Apply for Professor Bill Mitchell’s short, free online course in Modern Monetary Theory (February 15th - March 14th) here: More information about Professor Mitchell’s MMTed project (free public online courses in MMT) here: Tickets to the very first Scotonomics festival (online or in-person, Dundee, Scotland 24th-26th March) are available here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Extensive list of MMT scholarship compiled by New Economic Perspectives: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/25958091

#157 Key Insights, Leading Thinkers, Vital Economics - with Prue Plumridge, Claire Jackson-Prior, Neil Wilson and Phil Armstrong 02/09/2023

#157 Key Insights, Leading Thinkers, Vital Economics - with Prue Plumridge, Claire Jackson-Prior, Neil Wilson and Phil Armstrong According to multi award-winning economist Professor James K. Galbraith, the new book, “Modern Monetary Theory: Key Insights, Leading Thinkers” is ‘a landmark in the development of MMT, a boon for “useful” economists - and a profound challenge to all the others.’ Patricia and Christian talk to the architects of this collaboration of leading experts about how governments spend, why it matters, and why moving beyond our culture’s deeply-held but incorrect assumptions about money and its purpose is now key to human survival. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023) here: For an intro to MMT: Our first three episodes: Episode 126 - Dirk Ehnts: How Banks Create Money: All our episodes in chronological order: All our episodes with Phil Armstrong: Relevant to this episode: The Gower Initiative For Modern Money Studies website: Our interview with Deborah Harrington (a founding member of GIMMS) Episode 96: The Fight For The NHS: “Diagrams & Dollars” by JD Alt: Professor Stephanie Kelton’s “Angry Birds” presentation: “Billy Blog” — Professor Bill Mitchell’s blog: Our episodes featuring Bill Mitchell at UK Labour conference events in 2019: Episode 31(a): MMT And The Labour Party: Episode 34: MMT And The Green New Deal: “An Accounting Model of the UK Exchequer” by Neil Wilson, Andrew Berkley and Richard Tye: Our interview with the authors of “An Accounting Model of the UK Exchequer”: Episode 84 (Part 1): Episode 86 (Part 2): Episode 155, where Phil Armstrong talks briefly about his chapter in “Modern Monetary Theory: Key Insights, Leading Thinkers”: Professor John T. Harvey’s lecture on MMT and exchange rates - Episode 145: What Determines Currency Prices?: Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy”: Quick MMT reads: Warren’s Mosler’s MMT white paper: Steven Hail’s quick MMT explainer: On government debt: “Some Numbers Are Big. Let Me Help You Get Over It”: For a short, non-technical, free ebook explaining MMT, download MMT founder Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): Episode 126 - Dirk Ehnts: How Banks Create Money: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: Episode 43 - Sam Levey: Understanding Endogenous Money: Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: Episode 65 - Phil Armstrong: Understanding Inflation: Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): Episode 143 - Paul Sheard: What Is Quantitative Easing?: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: Episode 145 - John T Harvey: What Determines Currency Prices?: Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: Pavlina Tcherneva’s Job Guarantee FAQ page: MMT Events And Courses In 2023 Apply for Professor Bill Mitchell’s short, free online course in Modern Monetary Theory (February 15th - March 14th) here: More information about Professor Mitchell’s MMTed project (free public online courses in MMT) here: Tickets to the very first Scotonomics festival (online or in-person, Dundee, Scotland 24th-26th March) are available here: Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: Details of Modern Money Lab’s online graduate and postgraduate courses in MMT are here: Extensive list of MMT scholarship compiled by New Economic Perspectives: MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: A list of MMT-informed campaigns and organisations worldwide: We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: Show notes: /episode/index/show/pileusmmt/id/25870404

The MMT Podcast with Patricia Pino & Christian Reilly

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