The MMT Podcast with Patricia Pino & Christian Reilly

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 

Patricia and Christian talk with the host of Physical Attraction podcast Thomas Hornigold about how they came to MMT. 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 Transcript for opening monologue: https://www.patreon.com/posts/42723873

Patricia and Christian talk to the hosts of Money On The Left podcast Maxx Seijo and Scott Ferguson about mesoeconomics and the Uni Currency Project.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   Money On The Left Podcast: https://mronline.org/money-on-the-left/   Superstructure Podcast: https://podcasts.apple.com/us/podcast/superstructure/id1509809243   For an intro to MMT, listen to our first three episodes: https://www.patreon.com/posts/41742417   Scott on Twitter: https://twitter.com/videotroph  Maxx on Twitter: https://twitter.com/MaxSeijo   Our episode 17 with Scott on MMT and Marxism: https://www.patreon.com/posts/41806295   The Uni Currency Project: Democratic Finance for Public Higher Education After COVID-19: http://www.global-isp.org/working-paper-no-128/   More on Mesoeconomics: https://en.wikipedia.org/wiki/Mesoeconomics    Warren Mosler on the Buckaroo in our episode 20: https://www.patreon.com/posts/28004824   Warren writing on the Buckaroo: http://moslereconomics.com/2011/09/19/the-umkc-buckaroo-a-curreny-model-for-world-prosperity/   More on the Denison Dollar: https://www.youtube.com/watch?v=vSQ6POEV86U   Our episode 43 with Sam Levey on understanding endogenous money: https://www.patreon.com/posts/35073683   Transcript for opening monologue: https://www.patreon.com/posts/42552817

Patricia and Christian talk to author and digital rights advocate Cory Doctorow about his new book, Attack Surface, and where his work intersects with economics, and also about the importance of the work of David Graeber. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast Support Cory’s “Attack Surface” Audiobook Kickstarter: https://www.kickstarter.com/projects/doctorow/attack-surface-audiobook-for-the-third-little-brother-book Cory’s podcast, with a big excerpt from “Attack Surface” and a continuing series of “Someone Comes to Town, Someone Leaves Town” read by Cory: http://feeds.feedburner.com/doctorow_podcast Cory’s Daily Blog: https://pluralistic.net All our episodes with Cory: https://www.patreon.com/posts/41970049 For an intro to MMT, listen to our first three episodes: https://www.patreon.com/posts/41742417 Bill Mitchell on the Job Guarantee: http://bilbo.economicoutlook.net/blog/?p=40464 , http://bilbo.economicoutlook.net/blog/?p=3737 Our Job Guarantee episodes: Ep 4 with Fadhel Kaboub: https://www.patreon.com/posts/41742701 Ep 47 with Pavlina Tcherneva: https://www.patreon.com/posts/36034543 Pavlina Tcherneva’s excellent Job Guarantee FAQ: http://pavlina-tcherneva.net/job-guarantee-faq/ Read about opposition to the NHS at the planning stage:  https://www.independent.co.uk/life-style/health-and-families/features/the-birth-of-the-nhs-856091.html https://www.nationalarchives.gov.uk/cabinetpapers/alevelstudies/origins-nhs.htm Read about The Philip Cross affair: https://www.craigmurray.org.uk/archives/2018/05/the-philip-cross-affair/ Transcript for opening monologue: https://www.patreon.com/posts/42042235

Author and MMT Scholar Phil Armstrong in conversation with MMT co-founder Professor Bill Mitchell. 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/ Listen to the Australian Unemployed Workers Fight Back Podcast: https://unemployedworkersunion.com/fight-back-radio/ More on Bill Mitchell’s MMTed facility, which will offer on-line, interactive tuition in Modern Monetary Theory with leading proponents of MMT: http://www.mmted.org For an intro to MMT, listen to our first three episodes: https://www.patreon.com/posts/41742417 Our Bill Mitchell episodes: https://www.patreon.com/posts/42072816 Our Phil Armstrong episodes: https://www.patreon.com/posts/42072846 Bill Mitchell on the Job Guarantee:  http://bilbo.economicoutlook.net/blog/?p=40464   http://bilbo.economicoutlook.net/blog/?p=3737 Bill Mitchell on the European Union and Brexit: http://bilbo.economicoutlook.net/blog/?p=33876 Transcript for opening monologue: https://www.patreon.com/posts/42076057

Part 2: Patricia and Christian talk 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 Our first three episodes: https://www.patreon.com/posts/41742417 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 Our episodes with Sam Levey about War Bonds:  Episode 32: https://www.patreon.com/posts/30005574 Episode 33: https://www.patreon.com/posts/30112818 Stephanie Kelton’s “green dollar, yellow dollar” explanation of government bonds (but in pink!) starts at 19:49: https://youtu.be/c6ss3p4jjI4 Dr Steven Hail’s introductory article, “Explainer: what is modern monetary theory?”: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Stephanie Kelton’s introduction to MMT: “The Public Purse” Seven Deadly Innocent Frauds Of Economic Policy by Warren Mosler: http://www.moslereconomics.com/wp-content/powerpoints/7DIF.pdf Our two-part interview with Warren Mosler:  https://www.patreon.com/posts/28004824 https://www.patreon.com/posts/28142083 The Deficit Myth reading group questions: https://www.patreon.com/posts/39967940 Part 1 of our Unpacking The Deficit Myth series: https://www.patreon.com/posts/39964869 Transcript for opening monologue: https://www.patreon.com/posts/41893376

Phil Armstrong, an author and MMT scholar, dives into the intricate world of inflation, challenging popular misconceptions. He discusses how true inflation isn't solely about expanding the money supply but is influenced by various factors, including government policies. Armstrong also critiques central banking methods and considers historical instances of hyperinflation, like that of the Weimar Republic. Additionally, he explores the mechanics of monetary systems and the significance of a job guarantee in striving for full employment.

Join Professor John T Harvey, known as the Cowboy Economist, as he navigates the often-mundane world of exchange rate theory with humor and insight. He critiques traditional economic frameworks, revealing their shortcomings in explaining currency fluctuations. Discover the dynamic differences between currency devaluation and depreciation, and explore how military spending ties into broader economic issues. With a touch of post-Keynesian analysis, Harvey discusses the implications of Modern Monetary Theory on global finance and economic competitiveness.

Author and MMT scholar Phil Armstrong gives a presentation on MMT basics and applies the insights to economic challenges ahead. Event organised by the Gower Initiative For Modern Money Studies. Support The Gower Initiative For Modern Money Studies (GIMMS): https://gimms.org.uk/donate/ Support this podcast: https://www.patreon.com/MMTpodcast Our episodes on understanding government bonds: https://www.patreon.com/posts/29621245 https://www.patreon.com/posts/29829500 Our episodes with Phil Armstrong: https://www.patreon.com/posts/36619334  https://www.patreon.com/posts/36846931 Bill Mitchell on his meeting with John McDonnell: http://bilbo.economicoutlook.net/blog/?p=40562 Transcript for opening monologue: https://www.patreon.com/posts/40250343