The MMT Podcast with Patricia Pino & Christian Reilly

Patricia Pino & Christian Reilly
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May 19, 2021 • 1h 49min

#101 Warren Mosler: Q&A on CPI, Crypto, Capital Flight, Currency Prices & More

Patricia and Christian talk to MMT founder Warren Mosler about recent US inflation figures, Tesla and Bitcoin, currency prices, corporation tax, capital flight, and much more.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   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 Warren Mosler: https://www.patreon.com/posts/42918786   Money Growth Does Not Cause Inflation! by John T Harvey: https://www.forbes.com/sites/johntharvey/2011/05/14/money-growth-does-not-cause-inflation/?sh=7ab2305042f5 Four Reasons To Stop Panicking Over Inflation! by John T Harvey: https://www.forbes.com/sites/johntharvey/2021/05/12/four-reasons-to-stop-panicking-over-inflation/?fbclid=IwAR21C14nxFlfwjQ0FJBlXpDdwXH0mucGt9oMo9EbGD_2HDwUnkwDOdKjljI&sh=1c3528333a97 Our interview with Warren and Phil Armstrong about their paper, Weimar Republic Hyperinflation Through An MMT Lens: Part 1: https://www.patreon.com/posts/47638591 Part 2: https://www.patreon.com/posts/episode-89-phil-47904999 Warren’s MMT white paper: https://docs.google.com/document/d/1gvDcMU_ko1h5TeVjQL8UMJW9gmKY1x0zcqKIRTZQDAQ/edit Quick overview of the non-accelerating inflation buffer employment ratio (NAIBER) framework: https://en.wikipedia.org/wiki/NAIBER Seven Deadly Innocent Frauds Of Economic Policy by Warren Mosler: http://www.moslereconomics.com/wp-content/powerpoints/7DIF.pdf The website of the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu   A list of 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   Transcript for opening monologue: https://www.patreon.com/posts/51399493   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/51399536
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May 12, 2021 • 1h 21min

#100 Dirk Ehnts: International Trade & China’s New Digital Currency

Patricia and Christian talk to economist and author Dr Dirk Ehnts about central banking, international trade, China’s new digital currency and the upcoming International European MMT conference in Berlin.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   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 Dirk Ehnts: https://www.patreon.com/posts/44467243   Our episode 52 with Vincent Huang on a green Job Guarantee for China: https://www.patreon.com/posts/37436696   “China not to replace dollar with digital yuan” (Gulf Times): https://www.gulf-times.com/story/689415/China-not-to-replace-dollar-with-digital-yuan-PBoC   The website of the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu   A list of 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   Transcript for opening monologue: https://www.patreon.com/posts/51123809   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/51123672
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May 5, 2021 • 1h 20min

#99 Rohan Grey: On The Deficit Myth - Don’t Think Of A Household

Lawyer and Modern Money Network President Rohan Grey answers questions posed by readers of Stephanie Kelton’s The Deficit Myth at a book club event hosted by Ramona Massachi of Real Progressives.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   Support Real Progressives: https://www.patreon.com/realprogressives   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 Rohan Grey: https://www.patreon.com/posts/43558419   Our episode 48 with Rohan on the #MintTheCoin initiative: https://www.patreon.com/posts/36292974   Our episode 90, with Stephanie Kelton: https://www.patreon.com/posts/48165836   Our Unpacking The Deficit Myth Series: https://www.patreon.com/posts/47191289     Our episodes explaining government bond issuance: Part 1: https://www.patreon.com/posts/29621245 Part 2: https://www.patreon.com/posts/29829500   Rohan Grey’s website: https://rohangrey.net/   Administering Money: Coinage, Debt Crises, And The Future Of Fiscal Policy by Rohan Grey: https://rohangrey.net/files/coinage.pdf   Monetary Resilience by Rohan Grey: https://digitalcommons.law.wne.edu/lawreview/vol41/iss3/4/   The Modern Money Network: https://www.modernmoneynetwork.org/   Listen to Macro N Cheese podcast: https://realprogressives.org/macro-n-cheese-podcast/#fwdmspPlayer0?catid=0&trackid=0   Most MMT resources can be found at We Can Have Nice Things: https://wecanhavenicethings.com/   A list of 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   Transcript for opening monologue: https://www.patreon.com/posts/50680005   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/50672786
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May 3, 2021 • 14min

EXTRA: A new trailer and a new way to support the first MMT film!

Filmmaker Maren Poitras unveils a new trailer and her pitch to the panel at the Doclands documentary film festival. Her film “Finding The Money” (featuring Stephanie Kelton, Warren Mosler, L. Randall Wray and more) has a chance to win an audience award of $30,000, but it needs our votes before 10th May 2021.   Voting takes less than a minute and a few clicks. Your vote could really make the difference. Let’s get this film made!   Vote here for “Finding The Money”: https://www.doclands.com/docpitch-finding-the-money/   Video of Maren’s pitch: https://www.doclands.com/docpitch-finding-the-money/   Trailer for Finding The Money: https://findingmoneyfilm.com/   Show notes: https://www.patreon.com/posts/50796744
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Apr 28, 2021 • 1h 12min

#98 Asker Voldsgaard: A Green Job Guarantee For Denmark

Patricia and Christian talk to PhD student at the Institute for Innovation and Public Purpose, Asker Voldsgaard about his work, and a green Job Guarantee proposal for Denmark.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   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   Follow Asker Voldsgaard on Twitter: https://twitter.com/AskerVoldsgaard   Follow the Institute for Innovation and Public Purpose on Twitter: https://twitter.com/IIPP_UCL   Asker’s report on a green job guarantee in Denmark (in Danish):  https://www.klimaogomstillingsraadet.dk/wp-content/uploads/2021/03/groen-jobgaranti_KOR_marts-2021.pdf   Video of a seminar about Asker’s report on a green job guarantee in Denmark with Pavlina Tcherneva (in English): https://www.facebook.com/103757181037695/videos/476085870480494/   Our episode 47 - with Pavlina Tcherneva explaining the MMT Job Guarantee in more detail: https://www.patreon.com/posts/36034543 Our episodes with Andrew Berkeley, Richard Tye & Neil Wilson on their Accounting Model Of The UK Exchequer Part 1: https://www.patreon.com/posts/46352183 Part 2: https://www.patreon.com/posts/46865929    Our episode 43 on endogenous money: https://www.patreon.com/posts/35073683 A Paradigm Lost, a Paradigm Regained - A Reply to Druedahl on Modern Monetary Theory by Asker Voldsgaard and Dirk Ehnts: https://drive.google.com/file/d/13a2To14MLbCyUMPexNwciwk7Valv5MTY/view   A list of 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   Transcript for opening monologue: https://www.patreon.com/posts/50446752   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/50421904
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Apr 21, 2021 • 1h 17min

#97 Fadhel Kaboub: On The Deficit Myth - Introduction

Professor of economics and president of the Global Institute For Sustainable Prosperity Fadhel Kaboub answers questions posed by readers of Stephanie Kelton’s The Deficit Myth at a book club event hosted by Ramona Massachi of Real Progressives.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   Support Real Progressives: https://www.patreon.com/realprogressives   Video of this event: https://www.youtube.com/watch?v=ZqZc5b6Hq48&ab_channel=RealProgressives   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 Fadhel Kaboub: https://www.patreon.com/posts/43484621    Our episode 90, with Stephanie Kelton: https://www.patreon.com/posts/48165836   Our episode 48, on the #MintTheCoin initiative with one of its architects, Rohan Grey: https://www.patreon.com/posts/36292974   Our Unpacking The Deficit Myth Series: https://www.patreon.com/posts/47191289   Warren Mosler’s proposals for banking reform: http://moslereconomics.com/wp-content/pdfs/Proposals.pdf   The Bank of England’s “Independence” - A Handy Guide: https://www.patreon.com/posts/44617543   A list of 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   Transcript for opening monologue: https://www.patreon.com/posts/50108848   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/50108906
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Apr 14, 2021 • 1h 12min

#96 Deborah Harrington: The Fight For The NHS

Patricia and Christian talk to NHS campaigner and director of Public Matters Deborah Harrington about the history of the NHS and its conflict with neoliberalism.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   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   Deborah’s organisation, Public Matters: https://publicmatters.org.uk/category/economy/   Short films by Deborah and Public Matters: Privatising the NHS - A View from the Top: https://youtu.be/mZacwpsuOm0 Whose NHS Is it Anyway?: https://youtu.be/ZKGmejifw14 The NHS (Very) Long Term Plan: https://youtu.be/7_UUksSL-y8   A list of 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   Transcript for opening monologue: https://www.patreon.com/posts/49819710   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/49819223
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Apr 7, 2021 • 51min

#95 Shappi Khorsandi: The Ticket Analogy

Christian pitches Modern Monetary Theory to comedian and author Shappi Khorsandi.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT, listen to our first three episodes: https://www.patreon.com/posts/41742417 A quick read describing MMT: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Our episode 65 on inflation with Phil Armstrong: https://www.patreon.com/posts/40672678 Our episodes 88 & 89 on hyperinflation with Warren Mosler and Phil Armstrong: https://www.patreon.com/posts/47638591 , https://www.patreon.com/posts/episode-89-phil-47904999 Our episode 47 on the Job Guarantee with Pavlina Tcherneva: https://www.patreon.com/posts/36034543 Our episode 8 on UK Labour’s fiscal credibility rule with Richard Murphy: https://www.patreon.com/posts/41781319 Upcoming MMT events & courses: https://www.patreon.com/posts/47531455   Shappi Khorsandi’s books and tour tickets available here: https://www.shappi.co.uk/   Transcript for opening monologue: https://www.patreon.com/posts/49642049   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/49617770
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Mar 31, 2021 • 1h 46min

#94 Olafur Margeirsson: A Job Guarantee For Iceland

Patricia and Christian talk with economist, writer, real estate market strategist and alternate member of the Supervisory Board of the Central Bank of Iceland Olaf Margeirsson about the economy of Iceland and his Job Guarantee proposal. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast Support Olaf’s work via Patreon: https://www.patreon.com/olafurmargeirsson Follow Olaf on Twitter (@IcelandicEcon): https://twitter.com/IcelandicEcon For an intro to MMT, listen to our first three episodes: https://www.patreon.com/posts/41742417 A quick read describing MMT: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Our episode 20 with Warren Mosler on the UMKC Buckaroo (starting at 13:48): https://www.patreon.com/posts/28004824   Our episode 43 with Sam Levey on endogenous money: https://www.patreon.com/posts/35073683 Olaf’s writing: The State Can Afford This - But Should It?: https://sibs.is/fraedsla/greinar/rikid-hefur-efni-a-thessu-en-a-ad-gera-thad/ Iceland: We Need to Talk about Unemployment – and a Job Guarantee: http://www.global-isp.org/wp-content/uploads/PN-122.pdf Olaf’s blog: https://icelandicecon.blogspot.com/ IS-LM: an explanation by John Hicks: attached   Maastricht And All That by Wynne Godley: https://gimms.org.uk/2020/07/19/maastricht-and-all-that/   Can Taxes and Bonds Finance Government Spending? by Stephanie Kelton: http://www.levyinstitute.org/pubs/wp244.pdf   Upcoming MMT events & courses: https://www.patreon.com/posts/47531455   Sign up for "Modern Monetary Theory and European Macroeconomics” (online course with Dr Dirk Ehnts, running 9th - 13th August 2021 - APPLICATION DEADLINE IS JULY 26TH 2021): https://maastricht.dreamapply.com/courses/course/134-modern-monetary-theory-and-european-macroeconomics?search=34057   Transcript for opening monologue: https://www.patreon.com/posts/49267705   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/49267564
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Mar 24, 2021 • 1h 55min

#93 Stuart Medina Miltimore & Modern Money Australia: The Battle For A Progressive Europe

Economist and founder of Spanish activist network Rete MMT (Red MMT) Stuart Medina Miltimore talks with the team at Modern Money Australia about the implications of MMT for the future of progressive reform in Europe and beyond, at a webinar which took place on the 20th March 2021.   Slides for this event: attached   Video of this event: https://www.youtube.com/watch?v=AelJ3zugax8&ab_channel=ModernMoneyAustralia   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast Support Modern Money Australia: https://modernmoneyaustralia.org/ Find out more about Stuart’s organisation, Rete MMT (Red MMT): http://www.redmmt.es/ 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 Stuart Medina Miltimore: https://www.patreon.com/posts/44400459 Our episode 43 with Sam Levey on endogenous money: https://www.patreon.com/posts/35073683 A quick read describing MMT: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Fadhel Kabouob on Monetary Sovereignty: https://inthesetimes.com/article/united-states-venezuela-modern-monetary-theory-trade-deficits-sovereignty Sign up for Professor Bill Mitchell’s course “Modern Monetary Theory: Economics for the 21st Century”: https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century   Transcript for opening monologue: https://www.patreon.com/posts/49105385   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/49105309

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