The MMT Podcast with Patricia Pino & Christian Reilly

Patricia Pino & Christian Reilly
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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
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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
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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.
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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
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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
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Oct 28, 2020 • 1h 29min

#72 Steven Hail: The External Sector

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
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Oct 21, 2020 • 1h 48min

#71 Warren Mosler & Phil Armstrong: In Conversation

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
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Oct 14, 2020 • 50min

#70 Patricia & Christian: Interview With Physical Attraction Podcast

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
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Oct 11, 2020 • 1h 26min

#69 Scott Ferguson & Maxx Seijo: The Choreographers Of Credit

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
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Sep 30, 2020 • 1h 44min

#68 Cory Doctorow: Digital Rights, Surveillance Capitalism & Interoperable Socks

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

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