The MMT Podcast with Patricia Pino & Christian Reilly #89 Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 2)
Part 2: Patricia and Christian talk to MMT founder Warren Mosler and MMT scholar Dr Phil Armstrong about their recent paper: “Weimar Republic Hyperinflation through a Modern Monetary Theory Lens”.
Part 1 of this conversation: https://www.patreon.com/posts/episode-88-phil-47638591
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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 of our episodes with Warren Mosler: https://www.patreon.com/posts/42918786
All of our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846
Some of our other episodes with Warren Mosler which deal with inflation, interest rates and central bank policy:
Episode 59: What Do Central Banks Do?: https://www.patreon.com/posts/39070023
Episode 80: MMT Holiday Special (part 1): https://www.patreon.com/posts/45281376
Episode 81: MMT Holiday Special (part 2): https://www.patreon.com/posts/episode-81-mmt-2-45555840
Our episode 65 with Phil Armstrong on inflation (more on Paul Volcker as Fed chair in the intro): https://www.patreon.com/posts/40672678
Our episode 47 with Pavlina Tcherneva explaining the Job Guarantee: https://www.patreon.com/posts/36034543
Our episode 55 with Dr Dirk Ehnts on MMT in the context of the Eurozone: https://www.patreon.com/posts/38252014
Our episodes with Sam Levey that touch on the forward pricing channel:
Episode 43: https://www.patreon.com/posts/35073683
Episode 76: https://www.patreon.com/posts/43697752
Episode 77: https://www.patreon.com/posts/43886189
Weimar Republic Hyperinflation through a Modern Monetary Theory Lens by Phil Armstrong and Warren Mosler: http://moslereconomics.com/wp-content/uploads/2020/11/Weimar-Republic-Hyperinflation-through-a-Modern-Monetary-Theory-Lens.pdf
Warren Mosler - MMT white paper: https://docs.google.com/document/d/1gvDcMU_ko1h5TeVjQL8UMJW9gmKY1x0zcqKIRTZQDAQ/edit
Michael Hudson - Government Debt and Deficits Are Not the Problem. Private Debt Is: https://michael-hudson.com/2013/03/government-debt-and-deficits-are-not-the-problem-private-debt-is/
Clint Ballinger - Airplane crashes aren’t “hyperlandings”: https://clintballinger.wordpress.com/2020/04/30/airplane-crashes-arent-hyperlandings-notes-on-zimbabwe/
A Discussion of Central Bank Operations and Interest Rate Policy by Warren Mosler and Phil Armstrong: https://gimms.org.uk/wp-content/uploads/2019/02/Central-Bank-Interest-Rate-Policy-Mosler-Armstrong.pdf
Monopoly Money: The State as a Price Setter by Pavlina R. Tcherneva: http://moslereconomics.com/wp-content/uploads/2018/04/Tcherneva_MonopolyMoney_2002.pdf
Bill Mitchell - Zimbabwe for hyperventilators 101: http://bilbo.economicoutlook.net/blog/?p=3773
Tickets for “An Introduction To Modern Monetary Theory: Reconceptualising The Nature Of Banking” (presentation by Phil Armstrong) on 26th March 2021, organised by Women in Banking and Finance: https://www.wibf.org.uk/events/details/modern-monetary-theory
A list of other upcoming MMT events and courses: https://www.patreon.com/posts/47531455
A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757
Phil Armstrong’s book, Can Heterodox Economics Make a Difference?: https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html
Warren Mosler’s (free) e-book, Seven Deadly Innocent Frauds Of Economic Policy: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Transcript for opening monologue: https://www.patreon.com/posts/47905062
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/47904999