Phil Armstrong

In this engaging discussion, economist Phil Armstrong shares his insights on the upcoming UK budget and the Green Party's embrace of Modern Monetary Theory (MMT). He critiques conventional narratives surrounding budget constraints and emphasizes that a currency issuer can address public needs without creating false dilemmas. Armstrong advocates for a Job Guarantee, positing it as a vital stabilizer and ethical obligation. He contrasts it with Universal Basic Income, highlighting the community-building aspects of job creation. An enlightening dive into MMT principles and social responsibility awaits!

Economists Prue Plumridge, Claire Jackson-Prior, Neil Wilson, and Phil Armstrong discuss Modern Monetary Theory, government spending, societal impact, budgeting dynamics, currency instability, public sector rewards, tax efficiency, and rethinking economic strategies for national growth.

Phil Armstrong, an author and MMT scholar, dives into the intricate world of inflation, challenging popular misconceptions. He discusses how true inflation isn't solely about expanding the money supply but is influenced by various factors, including government policies. Armstrong also critiques central banking methods and considers historical instances of hyperinflation, like that of the Weimar Republic. Additionally, he explores the mechanics of monetary systems and the significance of a job guarantee in striving for full employment.