
The MMT Podcast with 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
Latest episodes

May 13, 2020 • 1h 1min
#50 Phil Armstrong: Where Does Money Come From? (Part 2)
Part 2: Patricia and Christian talk to PhD scholar Phil Armstrong about learning from and working with MMT founder Warren Mosler, and the revolution in the understanding of money brought about by his insights. Please help sustain this podcast by donating to our Patreon! Patrons get early access to our episodes and other patron-only content: https://www.patreon.com/MMTpodcast Phil and Warren Mosler’s paper: https://gimms.org.uk/2019/02/24/central-bank-operations-interest-rate-policy/ Federal Debt and Modern Money by Steven Hail and David Joy: http://www.global-isp.org/policy-note-121/ Phil on Twitter: https://twitter.com/PhilArmstrong58 Info on Christian’s MMT show: https://christreilly.com/edfringe/ Transcript for opening monologue: https://www.patreon.com/posts/36851479

May 6, 2020 • 56min
#49 Phil Armstrong: Where Does Money Come From? (Part 1)
Part 1: Patricia and Christian talk to PhD scholar Phil Armstrong about learning from and working with MMT founder Warren Mosler, and the revolution in the understanding of money brought about by his insights. Please help sustain this podcast by donating to our Patreon! Patrons get early access to our episodes and other patron-only content: https://www.patreon.com/MMTpodcast Phil and Warren Mosler’s paper: https://gimms.org.uk/2019/02/24/central-bank-operations-interest-rate-policy/ Bill Mitchell on sectoral balances: http://bilbo.economicoutlook.net/blog/?p=32396 Phil on Twitter: https://twitter.com/PhilArmstrong58 Info on Christian’s MMT show: https://christreilly.com/edfringe/ Transcript for opening monologue: https://www.patreon.com/posts/36621165

Apr 29, 2020 • 1h 7min
#48 Rohan Grey: #MintTheCoin
Christian and Patricia talk to lawyer and Modern Money Network President Rohan Grey about the Automatic Boost to Communities act to Mint The Coin. Please help sustain this podcast by donating to our Patreon! Patrons get early access to our episodes and other patron-only content: https://www.patreon.com/MMTpodcast Full legislative text of the #ABCAct to #MintTheCoin: https://tlaib.house.gov/sites/tlaib.house.gov/files/ABCAct.pdf #MintTheCoin press release: https://tlaib.house.gov/media/press-releases/tlaib-jayapal-introduce-groundbreaking-bill-deliver-universal-recurring Follow the story on Twitter: https://twitter.com/MintTheCoin Follow Rohan on Twitter: https://twitter.com/rohangrey Info on Christian’s MMT show: https://christreilly.com/edfringe/ Transcript for opening monologue: https://www.patreon.com/posts/36294847

Apr 22, 2020 • 1h 3min
#47 Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee
Christian and Patricia talk to author and economist Pavlina Tcherneva about the impact of the coronavirus pandemic and building a more rational and resilient economic system. Please help sustain this podcast by donating to our Patreon! Patrons get early access to our episodes and other patron-only content: https://www.patreon.com/MMTpodcast Pre-order Pavlina’s book, “The Case For A Job Guarantee”: https://politybooks.com/bookdetail/?isbn=9781509542093&subject_id=4&tag_id=49 Pavlina’s Job Guarantee FAQ: https://www.pavlina-tcherneva.net/job-guarantee-faq Pavlina’s articles on the coronavirus response: https://www.project-syndicate.org/commentary/coronavirus-cash-support-job-guarantee-by-pavlina-r-tcherneva-2020-03 http://multiplier-effect.org/what-if-we-nationalized-payroll/ Info on Christian’s MMT show: https://christreilly.com/edfringe/ Transcript for opening monologue: https://www.patreon.com/posts/36035332

Apr 14, 2020 • 1h 8min
#46 Maren Poitras: Finding The Money
Christian and Patricia talk to filmmaker Maren Poitras about her documentary “Finding The Money”, her journey into understanding MMT and the challenge of communicating its insights. Please help sustain this podcast by donating to our Patreon! Patrons get early access to our episodes and other patron-only content: https://www.patreon.com/MMTpodcast Watch the trailer and support Maren’s film: http://www.findingmoneyfilm.com Sectoral balances chart: https://www.nakedcapitalism.com/wp-content/uploads/2014/07/sectoral_balances1.png Info on Christian’s MMT show: https://christreilly.com/edfringe/ Transcript for opening monologue: https://www.patreon.com/posts/35949909

Apr 7, 2020 • 1h 3min
#45 Steve Keen: Coronavirus vs The World
Join award-winning economist Steve Keen as he discusses the global pandemic response and its economic implications. He critiques how conventional economics failed amid COVID-19 and emphasizes the importance of resilient production systems over mere efficiency. Keen highlights the contrasting pandemic responses of various nations, advocating for proactive governance that prioritizes public health. He also explores the dynamics of government debt and the need for reevaluating economic structures to foster stability and resilience in future crises.

Mar 27, 2020 • 1h 6min
#44 Fadhel Kaboub: Coronavirus and Earth Day 2020
Christian and Patricia talk to President of the Global Institute for Sustainable Prosperity, Dr Fadhel Kaboub about the response to the coronavirus pandemic and the MMT online march for Earth Day 2020 (April 15th - 22nd). Please help sustain this podcast by donating to our Patreon! Patrons get early access to our episodes and other patron-only content: https://www.patreon.com/MMTpodcast More on the MMT online march for Earth Day: https://www.facebook.com/MMTEarthDay2020/ Information on Christian’s live MMT show at the Edinburgh Festival 2020: https://christreilly.com/edfringe/ More on central bank money creation: https://www.youtube.com/watch?v=hiCs_YHlKSI https://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity

Mar 22, 2020 • 1h 34min
#43 Sam Levey: Understanding Endogenous Money
In this engaging discussion, guest Sam Levey, a research scholar at the Global Institute for Sustainable Prosperity, dives into the complexities of endogenous versus exogenous money creation. He clarifies misconceptions about how currency value is shaped by government actions and banking practices. The conversation critiques traditional monetary policies, explores historical methods of debt recording, and highlights the role of central banks in maintaining liquidity. Levey also touches on tax justice and the implications of Modern Monetary Theory for economic stability.

Jan 29, 2020 • 1h 13min
#42 John T Harvey: The NHS And Healthcare Economics
Professor John T Harvey talks with Christian about the NHS, privatisation and the implications of distributing healthcare via a market mechanism. What conditions need to be met in order to make sellers accountable to buyers in market systems, and are those conditions present in private healthcare systems? Please help sustain this podcast by donating to our Patreon! Patrons get early access to our episodes and other patron-only content: https://www.patreon.com/MMTpodcast Tickets for Christian’s MMT show in Leicester 5th, 12th and 19th February 2020: https://comedy-festival.co.uk/event/christian-reilly-magic-money-tree/ Tickets for Christian’s MMT show in Glasgow 22nd March 2020: http://www.glasgowcomedyfestival.com/shows/2644

Jan 1, 2020 • 49min
#41 Steven Hail: A Response To MMT Pushback, Exchange Rates, and The 2020 Sustainable Prosperity Conference
Following on from episode 39c, Dr Steven Hail talks to Christian about his recent appearance on ABC’s Future Tense programme, the mechanics of the foreign exchange market, and the upcoming Sustainable Prosperity Conference in Adelaide. Please help sustain this podcast by donating to our Patreon! Patrons get early access to our episodes and other patron-only content: https://www.patreon.com/MMTpodcast Conference Website: https://mmt-adelaide-2020.com Phil Lawn on GPI: https://www.youtube.com/watch?v=G_oQqiCnhrg&fbclid=IwAR1NkhfEHKxDmk-SQIuS-JFhsSxilmGzbB4USVzy2-RrC0buYHUkMFxlanc More on the genuine progress indicator: https://www.policyforum.net/achieving-genuine-progress-australia/?fbclid=IwAR3m6q6z0_7DXyWLAmzRlzs-pR6EMS8zIOiVUTSJQlamotY7vHpFPVxns0E Steven Hail and Phil Lawn on Real Progressives: https://www.youtube.com/watch?v=xjzeEVjyKhA Steven Hail’s quick intro to MMT: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Tickets for Christian’s MMT show in Leicester 5th, 12th and 19th February 2020: https://comedy-festival.co.uk/event/christian-reilly-magic-money-tree/ Tickets for Christian’s MMT show in Glasgow 22nd March 2020: http://www.glasgowcomedyfestival.com/shows/2644