#20 Warren Mosler: The MMT Money Story (part 1)

Warren Mosler, the Father of Modern Monetary Theory, shares his insights on the nature of currency and the differences between government-issued money and commercial bank lending. He recounts a fascinating story about a $300 million banking error, highlighting the complexities of money management. The conversation delves into misconceptions around the petrodollar, emphasizing the realities of currency exchange. Mosler advocates for effective fiscal policy, full employment, and critiques detrimental austerity measures impacting healthcare systems.