The MMT Podcast with Patricia Pino & Christian Reilly

Professor Bill Mitchell gives a talk at the Brighton Labour Party conference about MMT and the Green New Deal, and answers audience questions. Recorded 23rd September 2019.   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   Free tickets to Christian’s live MMT show in London 3rd December: https://www.tickettext.co.uk/2-northdown/christian-reilly-magic-money-tree-03122019/   Sign up for event alerts and MMT news from GIMMS: https://gimms.org.uk   MMT Explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095

In this engaging conversation, Sam Levey, a scholar focusing on Modern Monetary Theory, dives into his research on how the U.S. financed World War II. He unveils the shift from the gold standard, dissecting misconceptions around war bonds and government spending. Sam explains the implications of MMT on current economic policies, including Universal Basic Income and job guarantees, and emphasizes the importance of empathy across political divides. His insights offer a fresh perspective on fiscal policy and community activism in shaping our economic future.

In this conversation, scholar Sam Levey delves into his working paper on the U.S. Treasury during World War II. He unpacks how modern monetary theory informs our understanding of government spending, especially in times of conflict. The discussion highlights inflation management strategies and how historical practices can guide current economic issues, like the green new deal. Levey also examines the dynamics of saving versus spending during the war, while critiquing post-war economic transitions and the need for job guarantees in a changing economy.

Bill Mitchell, a leading figure in Modern Monetary Theory and director of CofFEE, teams up with Chris Williamson, a former Labour MP known for his advocacy of socialist policies. They discuss the transformative potential of MMT for the Labour Party, arguing for a rethinking of public spending to support healthcare, education, and climate action. They critique corporate welfare's impact on growth, advocate for grassroots activism, and emphasize the need for innovative fiscal strategies to address economic disparities. Historical lessons provide a backdrop for their vision of more equitable economic governance.

Dr. Steven Hail, an economist and lecturer at the University of Adelaide with expertise in Modern Monetary Theory, dives into government bonds and their role in economic policy. He unpacks the unusual implications of bond issuance for currency-issuing governments and critiques traditional views. The conversation covers zero and negative interest rates' impact, explores the rationale for targeting 2% inflation, and suggests a progressive transaction tax. Hail also reflects on the growing interest in MMT and its potential for reshaping the economic landscape.

In this discussion, economist Steven Hail simplifies the complexities of government bonds and yield curves. He explains the mechanics behind bond issuance and the relationship between par value, coupon rates, and yields. Hail dives into the recent yield curve inversion, tying it to economic implications and recession indicators. With a nod to Modern Monetary Theory, he challenges traditional views on fiscal policy, illustrating how shifts in interest rates affect economic activity and the perception of macroeconomic theory.

Professor Bill Mitchell lays out the core principles of MMT and what they mean for the Scottish independence movement. Audio from a talk given in Glasgow in May 2019.   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   Video of this talk can be found here: https://www.mmtscotland.com/copy-of-faqs Read Bill Mitchell’s blog: http://bilbo.economicoutlook.net/blog/

Modern Monetary Theory founder Warren Mosler gives a crash course in MMT to an audience in Scotland, starting with the objectives of having a national currency, how to reach those objectives, and how to keep the currency stable. 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 Read Warren’s (free!) Book: https://www.moslereconomics.com/wp-content/powerpoints/7DIF.pdf Support MMT Scotland: https://www.facebook.com/groups/1466864300089196/ For MMT (by Bill Mitchell and Thomas Fazi): https://tribunemag.co.uk/2019/06/for-mmt/

Christian talks to author and activist Cory Doctorow about his recent writing on MMT, cryptocurrency, fact, fiction, science fiction, intellectual self-defence, online freedom, and Cory’s latest book, “Radicalized”. 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 Visit Cory’s website: https://craphound.com Get Cory’s Book! https://craphound.com/category/radicalized-full/

Christian talks to author and activist Cory Doctorow about his recent writing on MMT, his book “Radicalized”, and how storytelling can bring esoteric concepts to life. 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 Visit Cory’s website: https://craphound.com Get Cory’s Book! https://craphound.com/category/radicalized-full/