The MMT Podcast with Patricia Pino & Christian Reilly

Patricia and Christian ask MMT founder Warren Mosler questions written by patrons.   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   Our episode 12 on monetary sovereignty: https://www.patreon.com/posts/41790149   Our episode 55 - Dirk Ehnts: A Way Forward For The Eurozone: https://www.patreon.com/posts/38252014   Warren’s MMT white paper: https://docs.google.com/document/d/1gvDcMU_ko1h5TeVjQL8UMJW9gmKY1x0zcqKIRTZQDAQ/edit   Seven Deadly Innocent Frauds Of Economic Policy, by Warren Mosler: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf   Warren’s website: http://moslereconomics.com   Warren’s mandatory readings: http://moslereconomics.com/mandatory-readings/   The Natural Rate of Interest Is Zero, by Mathew Forstater and Warren Mosler: http://www.moslereconomics.com/wp-content/graphs/2009/07/natural-rate-is-zero.PDF   Maximizing Price Stability in a Monetary Economy by Warren Mosler & Damiano B. Silipo: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2775400   More on underconsumption: https://en.wikipedia.org/wiki/Underconsumption   Transcript for opening monologue: https://www.patreon.com/posts/45281242   Show notes: https://www.patreon.com/posts/45281376

Christian talks to teacher, astute commentator, and aspiring economist understander John Morrison about mainstream economic models.   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   John Morrison on Twitter (@J_MoAGoGo): https://twitter.com/J_MoAGoGo   Steven Hail’s quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095   Our episode 7 with Steven Hail: https://www.patreon.com/posts/41780508   Our episodes explaining the Job Guarantee: https://www.patreon.com/posts/44698508   L. Randall Wray introductory video: https://www.youtube.com/watch?v=i35uBVeNp6c   Bill Mitchell’s blog: http://bilbo.economicoutlook.net/blog/   An MMT response on what causes inflation by Scott Fullwiler, Rohan Grey and Nathan Tankus: https://www.businesstelegraph.co.uk/an-mmt-response-on-what-causes-inflation/   An overview of chartalism: https://en.wikipedia.org/wiki/Chartalism   Books by Frederic Sterling Lee: https://en.wikipedia.org/wiki/Frederic_Sterling_Lee#Books   Debunking Economics by Steve Keen: https://www.amazon.co.uk/Debunking-Economics-Naked-Emperor-Dethroned/dp/1848139926   Transcript for opening monologue: https://www.patreon.com/posts/44757920    Show notes: https://www.patreon.com/posts/44722042 

Patricia and Christian talk to Professor John T Harvey about international monetary economics, what influences currency prices, 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 John T. Harvey:  https://www.patreon.com/posts/44371783   Our episodes on inflation:  Episode 7: https://www.patreon.com/posts/41780508 Episode 65: https://www.patreon.com/posts/40672678   Our episode on the external sector: Episode 72: https://www.patreon.com/posts/43043601   Previous episodes on currency prices: Episode 6: https://www.patreon.com/posts/41779230 Episode 41:https://www.patreon.com/posts/32695528 Episode 64: https://www.patreon.com/posts/40518059  Episode 72: https://www.patreon.com/posts/43043601   Our Episode 10 with Chiara Zoccarato on The Eurozone crisis:  https://www.patreon.com/posts/41789282   Our Episode 55 with Dr Dirk Ehnts on A Way Forward For The Eurozone: https://www.patreon.com/posts/38252014   Professor John T Harvey’s writing: Money Growth Does Not Cause Inflation!: https://www.forbes.com/sites/johntharvey/2011/05/14/money-growth-does-not-cause-inflation/?sh=d18253a42f58#185812f542f5   Currencies, Capital Flows and Crises: A Post Keynesian Analysis of Exchange Rate Determination: https://www.amazon.com/gp/product/B002132QYM/ref=dbs_a_def_rwt_hsch_vapi_taft_p1_i0   Transcript for opening monologue: https://www.patreon.com/posts/44373910   Show notes: https://www.patreon.com/posts/44373728 

Part 2: Patricia and Christian continue their conversation with MMT scholar Sam Levey about his “MMT For Mainstream Economists” website. Part 1 of this conversation: https://www.patreon.com/posts/43697752 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   Sam’s MMT For Mainstream Economists website:  https://deficitowls.wixsite.com/mmt4mainstreamecons   Our episode with Sam on understanding endogenous money:  Episode 43: https://www.patreon.com/posts/35073683   All our episodes with Sam: https://www.patreon.com/posts/43189679   Sam’s article - Monopoly Money Redux:  https://medium.com/@slevey087/monopoly-money-redux-a4d96f156f7   Sam’s paper - Mobilization Theory: Some Lessons from the Literature for Today:  http://www.global-isp.org/wp-content/uploads/WP-126.pdf   Other Recommended Reading:   Michael Kalecki - Political Aspects of Full Employment: https://delong.typepad.com/kalecki43.pdf   Warren Mosler’s Talk In Chianciano, Italy, January 11, 2014 - What A Good Economy Should Look Like: http://neweconomicperspectives.org/2014/01/beyond-euro-left-crisis-alternative.html   How to Pay for the Green New Deal by Yeva Nersisyan and L. Randall Wray: http://www.levyinstitute.org/publications/how-to-pay-for-the-green-new-deal   Quick explanation of NAIBER: https://en.wikipedia.org/wiki/NAIBER   Miscellaneous: https://sci-hub.st/   Transcript for opening monologue: https://www.patreon.com/posts/44254311   Show notes: https://www.patreon.com/posts/43886189

Part 1: Patricia and Christian talk to MMT scholar Sam Levey about a collection of resources he put together to help people with a more mainstream grasp of economics get acquainted with MMT. Part 2 of this conversation: https://www.patreon.com/posts/43886189    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   Sam’s MMT For Mainstream Economists page:  https://deficitowls.wixsite.com/mmt4mainstreamecons   Our episode with Sam on understanding endogenous money:  Episode 43: https://www.patreon.com/posts/35073683   All our episodes with Sam: https://www.patreon.com/posts/43189679   Sam’s article  - Monopoly Money Redux:  https://medium.com/@slevey087/monopoly-money-redux-a4d96f156f7   Sam’s paper - Mobilization Theory: Some Lessons from the Literature for Today:  http://www.global-isp.org/wp-content/uploads/WP-126.pdf   Other Recommended Reading:   Michael Kalecki - Political Aspects of Full Employment: https://delong.typepad.com/kalecki43.pdf   Warren Mosler’s Talk In Chianciano, Italy, January 11, 2014 - What A Good Economy Should Look Like: http://neweconomicperspectives.org/2014/01/beyond-euro-left-crisis-alternative.html   How to Pay for the Green New Deal by Yeva Nersisyan and L. Randall Wray: http://www.levyinstitute.org/publications/how-to-pay-for-the-green-new-deal   Miscellaneous: https://sci-hub.st/   Transcript for opening monologue: https://www.patreon.com/posts/43741980 

Neil Wilson, finance expert, and Phil Armstrong discuss Modern Monetary Theory, government deficits, job guarantees, redefining economics, MMT implications for the economic system, job guarantee vs. Universal Basic Income, flaws in the student loan system, Brexit trade deals, tax system simplification, and expressing gratitude for contributions.

Part 2: Patricia and Christian continue the conversation with Professor Robert Hockett about his work on digitising the dollar and financing the Green New Deal.   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   Part 1 of this conversation: https://www.patreon.com/posts/43321755   For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417   Our episode on understanding endogenous money:  Episode 43 with Sam Levey: https://www.patreon.com/posts/35073683   Our episodes on understanding government bonds with Dr Steven Hail:  Episode 30: https://www.patreon.com/posts/29621245 Episode 31: https://www.patreon.com/posts/29829500   Our episodes with Fadhel Kaboub: https://www.patreon.com/posts/43484621   Our episode 47 with Pavlina Tcherneva: https://www.patreon.com/posts/36034543   Robert’s articles: On Knut Wicksell: https://www.forbes.com/sites/rhockett/2020/10/26/modern-pre-modern-or-post-modern-money-a-brief-guide-for-the-perplexed/amp/#click=https://t.co/BonZ1NY19m Discussion on the above article: https://twitter.com/rch371/status/1320765097246117890?s=20 Spread The Fed, Part I: https://lpeproject.org/blog/spread-the-fed-part-i/ Spread The Fed, Part II: https://lpeproject.org/blog/spread-the-fed-part-ii/   Robert’s books:  Money from Nothing: https://www.publishersweekly.com/978-1-61219-856-9?fbclid=IwAR1gIK5rP6dshLqO-pvSouJfBHw7uvYbEr9TqOtG-lZ48BMAwVts8LAD46g  Financing the Green New Deal: https://www.palgrave.com/gp/book/9783030484491?fbclid=IwAR0ZJMz7EsBF1WhnDZOHsoHjJwDrcV_1CAhw79N8WjbKGK_KUTKYHfK_HlI#aboutBook   Robert’s paper: The Fed’s Municipal Liquidity Facility: Community QE at Last: http://www.global-isp.org/wp-content/uploads/PN-120.pdf   Transcript for opening monologue: https://www.patreon.com/posts/43489077  

Patricia and Christian talk to Professor Robert Hockett about his roots as a scholar, the man he describes as “the most important economist you’ve never heard of”, and about digitising the dollar.   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   Our episode on understanding endogenous money:  Episode 43 with Sam Levey: https://www.patreon.com/posts/35073683   Our episodes on understanding government bonds with Dr Steven Hail:  Episode 30: https://www.patreon.com/posts/29621245 Episode 31: https://www.patreon.com/posts/29829500   Robert’s articles: On Knut Wicksell: https://www.forbes.com/sites/rhockett/2020/10/26/modern-pre-modern-or-post-modern-money-a-brief-guide-for-the-perplexed/amp/#click=https://t.co/BonZ1NY19m Discussion on the above article: https://twitter.com/rch371/status/1320765097246117890?s=20 Spread The Fed, Part I: https://lpeproject.org/blog/spread-the-fed-part-i/ Spread The Fed, Part II: https://lpeproject.org/blog/spread-the-fed-part-ii/   Robert’s books:  Money from Nothing: https://www.publishersweekly.com/978-1-61219-856-9?fbclid=IwAR1gIK5rP6dshLqO-pvSouJfBHw7uvYbEr9TqOtG-lZ48BMAwVts8LAD46g  Financing the Green New Deal: https://www.palgrave.com/gp/book/9783030484491?fbclid=IwAR0ZJMz7EsBF1WhnDZOHsoHjJwDrcV_1CAhw79N8WjbKGK_KUTKYHfK_HlI#aboutBook   Robert’s paper: The Fed’s Municipal Liquidity Facility: Community QE at Last: http://www.global-isp.org/wp-content/uploads/PN-120.pdf   Transcript for opening monologue: https://www.patreon.com/posts/43321843

Patricia and Christian talk to Dr Steven Hail about imports and exports, and the effect they have on a nation’s balance sheet, using the sectoral balance framework. 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 Sectoral balance accounting identity: (G - T) = (S - I) + (M - X) G = government spending T= taxes paid back to government  S= private savings I= private investment spending M= exports X= imports Our Episode 64 with John T Harvey on exchange rates: https://www.patreon.com/posts/40518059 Our episode 65 with Phil Armstrong on inflation: https://www.patreon.com/posts/40672678 Bill Mitchell on the external sector: http://bilbo.economicoutlook.net/blog/?p=40433 Videos from the Sustainable Prosperity Conference in Adelaide 2020: https://www.youtube.com/channel/UCOa-eNvDrPWp_-7QnLGwZNQ/videos Sustainable prosperity action group website: https://www.sustainable-prosperity.net.au/?fbclid=IwAR2bFeGKYODjinrrzcJKlHrpT-Bs18NyyxkY1miYmvGl-avC70aLBw42VjA Australian Unemployed Workers Fight Back Podcast: https://unemployedworkersunion.com/fight-back-radio/ Modern Money Australia: https://modernmoneyaustralia.org Transcript for opening monologue: https://www.patreon.com/posts/43048015 Show notes: https://www.patreon.com/posts/43043601

Author and MMT Scholar Phil Armstrong in conversation with MMT co-founder Warren Mosler. 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 with Warren Mosler: https://www.patreon.com/posts/42918786 All our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846 Our episode 59, where Warren talks about interest rates: https://www.patreon.com/posts/39070023 Our episode 50, with an explanation of why bond sales are a reserve drain: https://www.patreon.com/posts/36846931 Warren’s free book, Seven Deadly Innocent Frauds Of Economic Policy: https://www.moslereconomics.com/wp-content/powerpoints/7DIF.pdf Warren’s mandatory readings: https://moslereconomics.com/mandatory-readings/ Transcript for opening monologue: https://www.patreon.com/posts/42972027