Introduction

This is the Pilius MMT podcast with Patricia Pino and Christian Riley. We're talking about what's happened this week in politics and how it relates to MMT. The government creates new money when it spends and deletes existing money out of existence when it taxes. It might sound counterintuitive, but let me paraphrase Warren Mosler. He would say, if you have a pound in your pocket, where did it come from? If it's not counterfeit, it came from the government. That makes sense, right? Think about that for a minute.