

#20 Warren Mosler: The MMT Money Story (part 1)
Jul 3, 2019
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.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Intro
00:00 • 4min
The Accidental Influx: A $300 Million Banking Error
04:19 • 2min
The Dynamics of Currency and Modern Monetary Theory
06:14 • 15min
Understanding Monetary Mechanics
21:32 • 17min
Debunking the Petrodollar Myth
38:48 • 6min
The Role of Fiscal Policy in Wealth Distribution
44:58 • 2min
Austerity and Healthcare: A Call for Change
47:08 • 9min