Do You Need Rubles to Pay Your Debt?

Patricia and Christian talk to economist and President of the Global Institute For Sustainable Prosperity Professor Fadhel Kaboub about how global food and energy systems have been fostered to benefit the global north at the expense of the global south, and how understanding modern money is vital to untangling the mess.

Please help sustain this podcast!

Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

For an intro to MMT:

Listen to our first three episodes: https://www.patreon.com/posts/41742417

All our episodes in chronological order: https://www.patreon.com/posts/43111643

All our episodes with Fadhel Kaboub: https://www.patreon.com/posts/43484621

Stay current with Fadhel via Twitter: https://twitter.com/FadhelKaboub

Episode 12 - Fadhel Kaboub: Monetary Sovereignty, Colonialism and Independence: https://www.patreon.com/posts/41790149

Bill Mitchell - "Zimbabwe for hyperventilators 101": http://bilbo.economicoutlook.net/blog/?p=3773

Register for events at the Modern Money Network's 4th Annual MMT Conference (held online over the next six weekends in April and May): https://events.modernmoney.network/category/7/

More on monetary operations:

Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318

Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887

Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683

More on inflation:

Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678

Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835

Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379

Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558

A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757

Details for the Levy Economics Institute of Bard College 2022 Summer Seminar: https://www.levyinstitute.org/news/summer-seminar-2022

We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

Transcript for opening monologue: https://www.patreon.com/posts/65378023

Show notes: https://www.patreon.com/posts/episode-131-free-65377999