The MMT Podcast with Patricia Pino & Christian Reilly

Part 3: Patricia and Christian talk with the host of Physical Attraction podcast Thomas Hornigold about environmental policy, the Euro, monetary sovereignty, and the implications of MMT as they see it.   Part 1 of this conversation: https://www.patreon.com/posts/42722165 Part 2 of this conversation: https://www.patreon.com/posts/45756021 Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast Support Thomas’ Physical Attraction podcast: https://www.patreon.com/physicalattraction 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 Quick read describing MMT: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Overview of chartalism (the “taxes drive money” framework): https://en.wikipedia.org/wiki/Chartalism 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/48816854   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/48816832

MMT co-founder Bill Mitchell and Job Guarantee expert Pavlina Tcherneva talk with the team at Modern Money Australia about lessons learned from the Covid crisis and a new way forward. 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://sustainable-prosperity.net.au/about/https://modernmoneyaustralia.org/   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 Bill Mitchell: https://www.patreon.com/posts/42072816   All of our episodes with Pavlina Tcherneva: https://www.patreon.com/posts/44405631   Our Job Guarantee episodes: https://www.patreon.com/posts/44722328   MMT-Informed Campaigns & Organisations Worldwide: https://www.patreon.com/posts/47900757   Our episodes with Bill Mitchell on Training The Trainers: Episode 35: https://www.patreon.com/posts/30605693 Episode 36: https://www.patreon.com/posts/30789543   A Quick overview of how the JG works as a macroeconomic stabiliser: https://en.wikipedia.org/wiki/NAIBER   Books by Professor Bill Mitchell: http://www.billmitchell.org/   Pavlina Tcherneva’s book, The Case For A Job Guarantee: https://politybooks.com/bookdetail/?isbn=9781509542093&subject_id=4&tag_id=49   Pavlina Tcherneva’s Job Guarantee FAQ: https://www.pavlina-tcherneva.net/job-guarantee-faq   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   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/48523897   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/48523726

Economist and best-selling author Professor Stephanie Kelton talks with Gabrielle Bond and Dr Steven Hail of the Sustainable Prosperity Action Group.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   Support the Sustainable Prosperity Action Group: https://sustainable-prosperity.net.au/about/   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 Steven Hail: https://www.patreon.com/posts/43083051   Our Unpacking The Deficit Myth series: https://www.patreon.com/posts/47191289   Our episode 47 with Pavlina Tcherneva laying out the Job Guarantee: https://www.patreon.com/posts/36034543   Maastricht and All That by Wynne Godley: https://gimms.org.uk/2020/07/19/maastricht-and-all-that/   Curried EMU - the meal that fails to nourish by Wynne Godley: https://www.concertedaction.com/2011/11/07/curried-emu/   Can Taxes And Bonds Finance Government Spending? by Stephanie Kelton: http://www.levyinstitute.org/pubs/wp244.pdf   Sign up for “Rethinking Capitalism” April 10th - 11th 2021 (in-person course with Dr Steven Hail at The University of Adelaide: https://sustainable-prosperity.net.au/summer-school/   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/48167110   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/48165836

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   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 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

Part 1: 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”.   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 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’s policy decisions as Fed chair in the intro): https://www.patreon.com/posts/40672678   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   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   Warren Mosler on Paul Volcker (from 13:25): https://youtu.be/6WSQ20I1Jv4?t=809   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   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/47638641   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/47638591

Part 3: Patricia and Christian continue their conversation about Stephanie Kelton’s best-seller The Deficit Myth.   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   Our Unpacking The Deficit Myth Series: https://www.patreon.com/posts/47191289   Our episodes with Steven Hail on understanding government bonds:  Episode 30: https://www.patreon.com/posts/29621245 Episode 31: https://www.patreon.com/posts/29829500   The Bank of England’s “Independence” - A Handy Guide: https://www.patreon.com/posts/44617543   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   Some of our 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   Stephanie Kelton’s introduction to MMT: “The Public Purse”   The Deficit Myth reading group questions: https://www.patreon.com/posts/39967940   A quick overview on functional finance: https://en.wikipedia.org/wiki/Functional_finance   Bill Mitchell on Abba Lerner and Functional Finance: http://bilbo.economicoutlook.net/blog/?p=5762   Tickets for “The Deficit Myth and a Green New Deal” (Stephanie Kelton in conversation with Steven Hail) on 24th February 2021: https://www.trybooking.com/events/landing?eid=711442&fbclid=IwAR0OzXT1ANRDv4L66ZZcg2wN0YNeimhZmYuwvSZI9uuDeIAX3r2q3jBJwd4   Tickets for “MMT and the new social contract: Lessons from Covid-19” (A conversation with Pavlina Tcherneva & Bill Mitchell) on 26th February 2021: https://www.eventbrite.com.au/e/mmt-and-the-new-social-contract-lessons-from-covid-19-tickets-140454277525?utm-medium=discovery&utm-campaign=social&utm-content=attendeeshare&utm-source=strongmail&utm-term=listing   Sign up for Professor Bill Mitchell’s online course in March 2021- Modern Monetary Theory: Economics for the 21st Century: https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century   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   Sign up for Steven Hail and the Sustainable Prosperity Action Group’s 2-day course in Adelaide April 2021 “Rethinking Capitalism”: https://sustainable-prosperity.net.au/summer-school/   Sign up for Dirk Ehnts’ online Maastricht University course "Modern Monetary Theory and European Macroeconomics”, running from 9th August - 13th August (APPLICATION DEADLINE IS JULY 26TH): https://maastricht.dreamapply.com/courses/course/134-modern-monetary-theory-and-european-macroeconomics?search=34057   Join the Real Progressives Deficit Myth book club every Tuesday at 8:30pm EST: https://zoom.us/webinar/register/WN_VlfZuk_KRZmJzOnGyBna1A   Apply for MMT Summer School in Poznań, Poland 8th-12th September 2021: https://fundacjalipinskiego.pl/wydarzenia/mmt-summer-school-2021/   Transcript for opening monologue: https://www.patreon.com/posts/47325405    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/47325194

Authors of a groundbreaking study delve into the UK Exchequer's accounting model, government spending impact on private sector, role of taxation in currency valuation, historical evolution of financial operations, mechanics of banking transactions, and MMT readiness of the UK financial system.

Author and MMT scholar Phil Armstrong talks to author of “The Case For A Job Guarantee” Professor Pavlina Tcherneva. Event organised by the Gower Initiative For Modern Money Studies.   Please help sustain this podcast: Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast Support The Gower Initiative For Modern Money Studies (GIMMS): https://gimms.org.uk/donate/ 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 All our episodes with Pavlina Tcherneva: https://www.patreon.com/posts/44405631   Our episode 43 with Sam Levey on endogenous money: https://www.patreon.com/posts/35073683   Our episode 55 with Dirk Ehnts on completing the Euro: https://www.patreon.com/posts/38252014   Our episode 53 with Professor L. Randall Wray: https://www.patreon.com/posts/37728507   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 Pavlina Tcherneva’s book, “The Case For A Job Guarantee”: https://politybooks.com/bookdetail/?isbn=9781509542093&subject_id=4&tag_id=49 Pavlina’s Job Guarantee FAQ: https://www.pavlina-tcherneva.net/job-guarantee-faq Pavlina’s earlier articles on the Covid 19 response: https://www.project-syndicate.org/commentary/coronavirus-cash-support-job-guarantee-by-pavlina-r-tcherneva-2020-03 http://multiplier-effect.org/what-if-we-nationalized-payroll/   Transcript for opening monologue: https://www.patreon.com/posts/46691515 Show notes: https://www.patreon.com/posts/46691623

Andrew Berkeley, Richard Tye, and Neil Wilson discuss the UK Exchequer's accounting operations, government spending impact on the private sector, deficits, austerity measures, MMT, the UK monetary system, Exchequer structure, historical evolution, government bond issuance, debt management, and real resources for environmental efforts.

Author and MMT Scholar Phil Armstrong talks to professor of economics and president of the Global Institute for Sustainable Prosperity Fadhel Kaboub about how MMT insights apply to the global south, colonial reparations, the MMT Job Guarantee contrasted with Universal Basic Income, and much more. Event organised by the Gower Initiative For Modern Money Studies.   Please help sustain this podcast: Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   Support The Gower Initiative For Modern Money Studies (GIMMS): https://gimms.org.uk/donate/   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 All our episodes with Fadhel Kaboub: https://www.patreon.com/posts/43484621   Our episode 4 with Fadhel Kaboub laying out the MMT Job Guarantee: https://www.patreon.com/posts/41742701   Our episode 35a with Fadhel Kaboub talking about MMT in the African context: https://www.patreon.com/posts/31062237   Our episode 5, featuring a discussion of UBI contrasted against the MMT Job Guarantee: https://www.patreon.com/posts/41778696   Phil’s Armstrong’s book, Can Heterodox Economics Make a Difference?: https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html   The website of The African Economic and Monetary Sovereignty initiative, includes an open letter to African states and Africa’s trading partners: http://mes-africa.org/   Follow the African Economic and Monetary Sovereignty initiative on Twitter: https://twitter.com/Mon_Sovereignty