The MMT Podcast with Patricia Pino & Christian Reilly

Dive into the world of Modern Monetary Theory as the hosts explore how government spending isn't directly tied to taxes. They make a compelling case for a job guarantee as a way to tackle unemployment and ensure economic stability. The conversation boldly challenges conventional political discourse and reframes government budgets as moral documents prioritizing societal needs. With humor and critical analysis, they navigate the complexities of universal healthcare and discuss effective activism, especially in the age of social media.

Richard Murphy, an economist and author of The Joy Of Tax, joins to discuss the real meaning behind government deficits—they're essentially your money! He delves into Corbynomics and critiques Labour's fiscal credibility rule, urging a reevaluation of fiscal versus monetary policies. The conversation highlights the role of government investment in reducing societal inequality and the importance of taxing the wealthy. Murphy also emphasizes transparency in economic leadership, advocating for a more informed and collaborative approach to public finance.

In this engaging discussion, Dr. Steven Hail, an MMT economist and author, demystifies where your tax money really goes—hint: it’s not funding government projects! He dives into the difference between inflation and price shocks, critiques traditional economic theories, and addresses the implications of Brexit on the UK economy. Hail highlights the misconceptions surrounding government debt and advocates for modern monetary policy as a path to economic stability, making economics both accessible and relatable.

Nathan Tankus explains currency value, exchange rates, inflation, & Venezuela. They discuss Modern Money Theory, power dynamics in Eurozone, significance of job guarantee, challenges in Venezuela, and debunking myths about the medieval economy.

Rohan Grey, US activist, discusses job guarantees vs UBI. They explore modern money creation, government involvement, Elizabeth Warren's views, future of work, and the value of full employment.

Dr. Fadhel Kaboub discusses the Job Guarantee, contrasting it with UBI and addressing its potential to solve unemployment. The podcast delves into MMT principles, government financing, and the benefits of implementing a Job Guarantee Program.

Patricia Pino and Christian Reilly discuss the myths surrounding government 'debt' and how politicians never question funding wars. They explain the government's ability to create currency independently of tax revenue and debunk misconceptions about deficits and inflation. The discussion also covers government regulations, bank lending, and economic strategies during World War II.

Discussion on monetary sovereignty and modern monetary theory challenging mainstream economic beliefs. Highlights on government's role in employment, unemployment vs inflation, and combating austerity through government spending. Explore capitalism history, inequality, and the impact of neoliberalism on modern economic policies.

Christian Reilly and Patricia Pino explain why we don't need a hypothecated tax for the NHS, and why it’s so damaging to believe that we do. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast