#124 Phil Armstrong: Talking Turkey & Strategic Price Controls

Patricia and Christian talk to Dr Phil Armstrong about potential solutions to pandemic-related inflation and challenges faced by nations that have become dependent on foreign capital and foreign currency debt.

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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 Phil Armstrong: https://www.patreon.com/posts/42072846

Isabella Weber: Could strategic price controls help fight inflation?: https://www.theguardian.com/business/commentisfree/2021/dec/29/inflation-price-controls-time-we-use-it

Bill Mitchell: Turkey tells us nothing about MMT – but MMT tells us a lot about why Turkey is in trouble: http://bilbo.economicoutlook.net/blog/?p=48895

Some of our episodes 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/episode-104-john-52207835

Episode 88 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 1): https://www.patreon.com/posts/47638591

Episode 89 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 2): https://www.patreon.com/posts/episode-89-phil-47904999

A Framework for the Analysis of the Price Level and Inflation by Warren Mosler: https://docs.google.com/document/d/1sySbx6EHOAYpAjE4FGnYApdZNyY6rh79KzajZxSU884/edit

Monopoly Money: The State as a Price Setter by Pavlina R. Tcherneva: http://moslereconomics.com/wp-content/uploads/2018/04/Tcherneva_MonopolyMoney_2002.pdf

Our episodes laying out the MMT Job Guarantee:

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

Our episodes on US treasury spending during WWII:

Episode 32 - Sam Levey: How Uncle Sam Paid For World War II (part 1): https://www.patreon.com/posts/30005574

Episode 33 - Sam Levey: How Uncle Sam Paid For World War II (part 2): https://www.patreon.com/posts/30112818

How To Pay For The War by John Maynard Keynes: https://archive.org/details/in.ernet.dli.2015.499597

Warren Mosler’s banking reform proposals: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html

Our episodes on monetary operations:

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

Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): https://www.patreon.com/posts/29621245

Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500

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

Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183

Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929

For information on their forthcoming MMT book, sign up to the Gower Initiative For Modern Money Studies mailing list: https://gimms.org.uk/

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

Transcript for opening monologue: https://www.patreon.com/posts/61624152

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

Show notes: https://www.patreon.com/posts/61624068