The State's Responsibility, Obligation, Debt and Credit Are Always There

Patricia and Christian talk to scholar, researcher, CUNY lecturer and executive director of Public Money Action, Andrés Bernal about his most recent paper "Inflationary Pressures in the Time of Covid-19: MMT as a Theory of Inflation".

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

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

Patricia and Christian will be on this panel "MMT Content Production and Publication": https://events.modernmoney.network/event/12/

"Inflationary Pressures in the Time of Covid-19: MMT as a Theory of Inflation" by Andrés Bernal: http://www.global-isp.org/wp-content/uploads/WP-132.pdf

Stay current with Andrés via Twitter: https://twitter.com/andresintheory

Stay current with the Money On The Left collective: https://twitter.com/moneyontheleft

The Debt Collective: https://twitter.com/StrikeDebt

Interview with Braxton Brewington of The Debt Collective on student loan cancellation: https://fair.org/home/braxton-brewington-on-student-loan-debt-andy-marra-on-trans-youth-rights/

Warren Mosler / Robert Murphy debate: https://youtu.be/cUTLCDBONok

An overview of chartalism: https://en.wikipedia.org/wiki/Chartalism

For more on banking 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

Our Job Guarantee episodes:

Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701

Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543

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

More on 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/64711994

Show notes: https://www.patreon.com/posts/64711495