The MMT Podcast with Patricia Pino & Christian Reilly

In this engaging discussion, economist Ellis Winningham, known for challenging traditional economic views, takes listeners on a journey through the myths of barter and the gold standard. He clarifies the role of government in creating money and managing fiscal policy, debunking misconceptions about national debt. Winningham emphasizes employment and sustainability over austerity while explaining the dynamics of bonds and interest rates. He tackles listener questions, exploring the implications of economic sovereignty and the myth of job scarcity with MMT insights.

Economist Ellis Winningham, known for challenging economic orthodoxy, joins the discussion on critical topics like the NHS and the Job Guarantee. He clarifies misconceptions about funding public services and emphasizes the role of government in maintaining economic stability. Winningham passionately defends the NHS against privatization myths and critiques capital flight and speculative practices. The conversation delves into the complexities of inflation, urging a shift in how we perceive economic realities and advocating for a more equitable approach to resource allocation.

In this discussion, economist and activist Ellis Winningham shares his insights on challenging established economic beliefs. He delves into the nature of money as a social construct, emphasizing its role in society beyond just currency. Winningham critiques traditional views on national debt and inflation, advocating for a job guarantee to provide meaningful employment and address community needs. His engaging perspective encourages listeners to rethink government spending and its potential for societal welfare.

Steve Grumbine, the founder of Real Progressives and host of the Macro and Cheese podcast, shares his journey from a traditional economic mindset to becoming a leading MMT activist. He discusses the emotional challenges of advocating for progressive economics and the importance of community engagement. The conversation critiques austerity policies, emphasizing their real-life impacts, and calls for innovative ways to communicate MMT concepts. Grumbine also highlights the need for systemic reform over mere budget reallocations, particularly regarding military spending.

In a thought-provoking conversation, Warren Mosler, the Father of Modern Monetary Theory, delves into pressing economic topics. He addresses the intricacies of student debt cancellation and its fiscal impact. Mosler critiques the comparison between student debt and bank bailouts, while also exploring the dynamics of cryptocurrency. The discussion shifts to the differences between Universal Basic Income and job guarantees, emphasizing the government’s role in employment. He further clarifies myths about trade deficits and floating exchange rates, advocating for a nuanced understanding of economic systems.

Warren Mosler, the Father of Modern Monetary Theory, shares his insights on the nature of currency and the differences between government-issued money and commercial bank lending. He recounts a fascinating story about a $300 million banking error, highlighting the complexities of money management. The conversation delves into misconceptions around the petrodollar, emphasizing the realities of currency exchange. Mosler advocates for effective fiscal policy, full employment, and critiques detrimental austerity measures impacting healthcare systems.

In this lively discussion, John T. Harvey, Professor of Economics and creator of The Cowboy Economist channel, tackles misconceptions about Modern Monetary Theory and government deficits. He uses engaging metaphors and historical anecdotes to clarify complex ideas, emphasizing the importance of accessible economic education. The conversation also explores the influence of contemporary politics on younger generations' views about socialism. With a blend of humor and insight, Harvey encourages rethinking economic ideologies for a more equitable future.

In this engaging discussion, John T. Harvey, a Professor of Economics at Texas Christian University and Forbes contributor, sheds light on macroeconomics and Modern Monetary Theory. He critiques common misconceptions about government spending and examines how individual spending drives income. Harvey tackles the debate between job guarantees and universal basic income, emphasizing the importance of structured support systems. The conversation also touches on the vital role of government in funding public goods and the historical context surrounding fiscal responsibility.

Scott Ferguson, Associate Professor of Humanities & Cultural Studies and co-host of Money On The Left, dives into the interplay between Marxism and Modern Monetary Theory. He discusses how money creation should be considered a normative practice for public welfare. The conversation highlights the aesthetics of economic theory, critiques class perspectives on work, and calls for a reevaluation of economic systems. Ferguson emphasizes the significance of collaborative dialogue to bridge understanding between critics and advocates of MMT.

Join economist Warren Mosler, co-founder of the Center for Full Employment and Price Stability, as he shares insights over a lively pint in Glasgow. He discusses his innovative concept of a new Scottish currency dubbed the 'kilt.' The conversation touches on quantitative easing and its effects on asset prices, while also diving into the economic dynamics between Scotland and the UK. Mosler challenges traditional views on government deficits and explores how independence might reshape Scotland's fiscal landscape.