The MMT Podcast with Patricia Pino & Christian Reilly

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

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

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

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.