

The MMT Podcast with Patricia Pino & Christian Reilly
Patricia Pino & Christian Reilly
The MMT Podcast offers economic analysis on current issues from a Modern Monetary Theory perspective. Aimed at anyone who has ever felt lost in the jargon used by mainstream economics commentators. We believe economics is for everyone.
You can help sustain this podcast via Patreon: https://www.patreon.com/MMTpodcast
You can help sustain this podcast via Patreon: https://www.patreon.com/MMTpodcast
Episodes
Mentioned books

Jan 6, 2021 • 58min
#82 Patricia & Christian: Interview With Physical Attraction Podcast (part 2)
Part 2: Patricia and Christian talk with the host of Physical Attraction podcast Thomas Hornigold about the implications of MMT as they see it. Part 1 of this conversation: https://www.patreon.com/posts/42722165 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 An overview of the Job Guarantee and NAIBER concept: https://en.wikipedia.org/wiki/NAIBER Warren Mosler’s business card analogy: https://youtu.be/t9xjxLm4Zvk Transcript for opening monologue: https://www.patreon.com/posts/45755829 Show notes: https://www.patreon.com/posts/45756021

Dec 30, 2020 • 1h 9min
#81 Warren Mosler: MMT Q&A Holiday Special! (part 2)
Part 2: Patricia and Christian ask MMT founder Warren Mosler questions written by podcast patrons. 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/45281376 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 Episode 59 - Warren Mosler: What Do Central Banks Do? https://www.patreon.com/posts/39070023 Episode 65 - Phil Armstrong: Understanding Inflation https://www.patreon.com/posts/40672678 Episode 9 - MMT Activism, The Job Guarantee And Automatic Stabilisers: https://www.patreon.com/posts/41782123 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 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/45556519 Show notes: https://www.patreon.com/posts/45555840

Dec 23, 2020 • 1h 22min
#80 Warren Mosler: MMT Q&A Holiday Special! (part 1)
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

Dec 16, 2020 • 57min
#79 John Morrison: Deciphering Economists
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

Dec 9, 2020 • 1h 17min
#78 John T. Harvey: International Monetary Economics
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

Dec 2, 2020 • 1h 15min
#77 Sam Levey: MMT For Mainstream Economists And Mobilisation Theory (part 2)
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

Nov 25, 2020 • 1h 9min
#76 Sam Levey: MMT For Mainstream Economists And Mobilisation Theory (part 1)
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

Nov 18, 2020 • 1h 37min
#75 Neil Wilson & Phil Armstrong: In Conversation
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.

Nov 11, 2020 • 1h 13min
#74 Robert Hockett: Spreading The Fed & Why Wicksell Matters (part 2)
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

Nov 4, 2020 • 1h 6min
#73 Robert Hockett: Spreading The Fed & Why Wicksell Matters (part 1)
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