The MMT Podcast with Patricia Pino & Christian Reilly

Patricia and Christian talk to economics scholar, teacher and writer Sam Levey about real existing economic conditions (containing monopoly, monopsony, and oligopolistic price-setting power), the inadequate models used by economists to interpret these conditions, and a better way forward.   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   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our episodes with Sam Levey: https://www.patreon.com/posts/43189679   Buffer Stocks: A Better Diagram, by Sam Levey: https://slevey087.medium.com/buffer-stocks-a-simpler-diagram-a462e9ea5359   Monopoly Money: The State as a Price Setter by Pavlina R. Tcherneva: http://moslereconomics.com/wp-content/uploads/2018/04/Tcherneva_MonopolyMoney_2002.pdf Monopoly Money Redux by Sam Levey: https://medium.com/@slevey087/monopoly-money-redux-a4d96f156f7   Our episodes laying out the MMT Job Guarantee: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543   Modern Money and the War Treasury, by Sam Levey: http://www.global-isp.org/working-paper-no-123/   Our episodes about Modern Money and the War Treasury: Episode 32 - Sam Levey: How Uncle Sam Paid For World War II (part 1): https://www.patreon.com/posts/30005574 Episode 33 - Sam Levey: How Uncle Sam Paid For World War II (part 2): https://www.patreon.com/posts/30112818   For information on their forthcoming MMT book, sign up to the Gower Initiative For Modern Money Studies mailing list: https://gimms.org.uk/   A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757   Transcript for opening monologue: https://www.patreon.com/posts/61954919   We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos   Show notes: https://www.patreon.com/posts/61954971

Patricia and Christian talk to Dr Phil Armstrong about potential solutions to pandemic-related inflation and challenges faced by nations that have become dependent on foreign capital and foreign currency debt.   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   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846   Isabella Weber: Could strategic price controls help fight inflation?: https://www.theguardian.com/business/commentisfree/2021/dec/29/inflation-price-controls-time-we-use-it   Bill Mitchell: Turkey tells us nothing about MMT – but MMT tells us a lot about why Turkey is in trouble: http://bilbo.economicoutlook.net/blog/?p=48895   Some of our episodes on inflation Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/episode-104-john-52207835 Episode 88 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 1): https://www.patreon.com/posts/47638591 Episode 89 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 2): https://www.patreon.com/posts/episode-89-phil-47904999   A Framework for the Analysis of the Price Level and Inflation by Warren Mosler: https://docs.google.com/document/d/1sySbx6EHOAYpAjE4FGnYApdZNyY6rh79KzajZxSU884/edit Monopoly Money: The State as a Price Setter by Pavlina R. Tcherneva: http://moslereconomics.com/wp-content/uploads/2018/04/Tcherneva_MonopolyMoney_2002.pdf   Our episodes laying out the MMT Job Guarantee: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543   Our episodes on US treasury spending during WWII: Episode 32 - Sam Levey: How Uncle Sam Paid For World War II (part 1): https://www.patreon.com/posts/30005574 Episode 33 - Sam Levey: How Uncle Sam Paid For World War II (part 2): https://www.patreon.com/posts/30112818 How To Pay For The War by John Maynard Keynes: https://archive.org/details/in.ernet.dli.2015.499597   Warren Mosler’s banking reform proposals: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html   Our episodes on monetary operations: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887   Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): https://www.patreon.com/posts/29621245   Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500   Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683   Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183   Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929     For information on their forthcoming MMT book, sign up to the Gower Initiative For Modern Money Studies mailing list: https://gimms.org.uk/   A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757   Transcript for opening monologue: https://www.patreon.com/posts/61624152   We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos   Show notes: https://www.patreon.com/posts/61624068

Patricia and Christian talk to MMT founder Warren Mosler about his recent paper on inflation, his proposals for overhauling banking, and simplifying the tax system.   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   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our episodes with Warren Mosler: https://www.patreon.com/posts/42918786   A Framework for the Analysis of the Price Level and Inflation by Warren Mosler: https://docs.google.com/document/d/1sySbx6EHOAYpAjE4FGnYApdZNyY6rh79KzajZxSU884/edit   Warren Mosler’s banking reform proposals: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html   Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929  Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 88 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 1): https://www.patreon.com/posts/47638591 Episode 89 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 2): https://www.patreon.com/posts/episode-89-phil-47904999 Taxes For Revenue Are Obsolete by Beardsley Ruml: https://www.nakedcapitalism.com/2019/07/taxes-for-revenue-are-obsolete.html   For information on their forthcoming MMT book, sign up to the Gower Initiative For Modern Money Studies mailing list: https://gimms.org.uk/   A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757   Transcript for opening monologue: https://www.patreon.com/posts/59826215   We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos   Show notes: https://www.patreon.com/posts/59856379

A panel discussion with Warren Mosler (MMT founder), Achim Truger (German Council of Economic Advisers), Philippa Sigl-Glöckner (Dezernat Zukunft) and Paul Sheard (Harvard Kennedy School) from the 2nd International European Modern Monetary Theory Conference. Recorded September 14, 2021.   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   All our episodes in chronological order: https://www.patreon.com/posts/43111643   Video of this event: https://youtu.be/oz9wU5VWGUQ   All our episodes with Warren Mosler: https://www.patreon.com/posts/42918786   Our episode 116 featuring Dirk Ehnts interviewing Warren Mosler: https://www.patreon.com/posts/56979140   An explanation of the NAIRU (Non-accelerating inflation rate of unemployment) and the alternative MMT approach, the NAIBER (non-accelerating inflation buffer employment ratio): https://en.wikipedia.org/wiki/NAIBER   Maximizing Price Stability in a Monetary Economy by Warren Mosler & Damiano B. Silipo: https://www.levyinstitute.org/pubs/wp_864.pdf   Brexit Is A Wake-Up Call To The EU, But So Far It Is Not Being Answered by Paul Sheard: https://www.briefingsforbritain.co.uk/brexit-is-a-wake-up-call-to-the-eu-but-so-far-it-is-not-being-answered-by-paul-sheard/   Philippa Sigl-Glöckner’s Organisation, Dezernat Zukunft: https://www.dezernatzukunft.org/   Our episode 47 with Pavlina Tcherneva explaining the Job Guarantee: https://www.patreon.com/posts/36034543   A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757   We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos   Show notes: https://www.patreon.com/posts/58778703

Christian talks with author, financial consultant, and writer for bondeconomics.com Brian Romanchuck about recent monetary policy news and his recent book, Modern Monetary Theory & The Recovery.   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 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Brian’s books: http://www.bondeconomics.com/p/books.html Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 MMT Scholarship: http://neweconomicperspectives.org/mmt-scholarship Trade and external finance mysteries by Bill Mitchell: http://bilbo.economicoutlook.net/blog/?p=39282 Our episode 47 with Pavlina Tcherneva explaining the Job Guarantee: https://www.patreon.com/posts/36034543 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/58493863

Patricia and Christian take a look at the UK chancellor’s recent budget through the MMT lens with MMT scholar and author Dr Phil Armstrong.    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   All our episodes in chronological order: https://www.patreon.com/posts/43111643   Follow Phil Armstrong on Twitter: https://twitter.com/PhilArmstrong58   All of our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846   Phil Armstrong’s book, Can Heterodox Economics Make a Difference?: https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html   Our episode 47 with Pavlina Tcherneva explaining the Job Guarantee: https://www.patreon.com/posts/36034543   A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757   We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos   Show notes: https://www.patreon.com/posts/58200406

Patricia & Christian talk with Argentinian economist and author of “Modern Monetary Theory And The Employer Of Last Resort” Agustin Mario about Argentina’s economic history, and its employer of last resort program - Plan Jefes y Jefas de Hogar Desocupados (Program for Unemployed Male and Female Heads of Households).   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   All our episodes in chronological order: https://www.patreon.com/posts/43111643   Follow Agustin Mario on Twitter (@agu_mario): https://twitter.com/agu_mario   Teoría del Dinero Moderno y Empleador de Última Instancia by Agustin Mario: http://bit.ly/2G2WKTt   Red MMT (Spanish-language MMT network): http://www.redmmt.es/   A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757   We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos   Show notes: https://www.patreon.com/posts/57888740

Patricia & Christian talk about recent media coverage of economic policy and answer listener questions on interest rates, trade, monetary policy and more.   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   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All of our Q&A episodes: https://www.patreon.com/posts/57542767 An Accounting Model of the UK Exchequer: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/ The Natural Rate of Interest Is Zero by Mathew Forstater and Warren Mosler: http://www.moslereconomics.com/wp-content/graphs/2009/07/natural-rate-is-zero.PDF Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757   We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos   Show notes: https://www.patreon.com/posts/57589452

Christian talks to financial consultant Brian Romanchuk and economist Dirk Ehnts about a recent working paper published by Banque De France entitled “The Meaning of MMT”.   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   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All of our episodes with Dirk Ehnts: https://www.patreon.com/posts/44467243 Modern Monetary Theory and the Recovery by Brian Romanchuk: http://www.bondeconomics.com/2021/03/modern-monetary-theory-and-recovery_11.html   "The Meaning Of MMT" (Yeah, Sure) by Brian Romanchuk: http://www.bondeconomics.com/2021/10/the-meaning-of-mmt-yeah-sure.html   Follow Brian Romanchuk on Twitter: https://twitter.com/RomanchukBrian   Follow Dirk Ehnts on Twitter: https://twitter.com/DEhnts   The website of the 2nd International European MMT conference (2021), includes videos of presentations and panels: https://www.mmtconference.eu/   For MMT views on inflation, see:   Episode 65 - Phil Armstrong: Understanding Inflation: https://pileusmmt.libsyn.com/65-phil-armstrong-understanding-inflation Episode 88 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 1): https://www.patreon.com/posts/47638591 Episode 89 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 2): https://www.patreon.com/posts/episode-89-phil-47904999 Money Growth Does Not Cause Inflation! by John T. Harvey https://www.forbes.com/sites/johntharvey/2011/05/14/money-growth-does-not-cause-inflation/#6b405a2142f5   An MMT Response on What Causes Inflation: https://www.researchgate.net/profile/Scott-Fullwiler/publication/332318485_An_MMT_Response_on_What_Causes_Inflation/links/5cad762b92851ccd4ac06dea/An-MMT-Response-on-What-Causes-Inflation.pdf?origin=publication_detail   A Framework for the Analysis of the Price Level and Inflation by Warren Mosler: https://docs.google.com/document/d/1sySbx6EHOAYpAjE4FGnYApdZNyY6rh79KzajZxSU884/edit?fbclid=IwAR2L_RC11e8H40f-QhnPSrWxDmPM0bq8sFSDVKV87UXqA75vgvxx322eVN4 Weimar Republic Hyperinflation through a Modern Monetary Theory Lens by Phil Armstrong and Warren Mosler: http://moslereconomics.com/wp-content/uploads/2020/11/Weimar-Republic-Hyperinflation-through-a-Modern-Monetary-Theory-Lens.pdf     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757   We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos   Show notes: https://www.patreon.com/posts/57313764

MMT founder Warren Mosler talks with Dirk Ehnts and Patricia Pino - and answers audience questions at the opening event of the 2nd International European Modern Monetary Theory Conference 2021.   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   All our episodes in chronological order: https://www.patreon.com/posts/43111643   Video of this event: https://www.youtube.com/watch?v=A6CpXybh_gw   All of our episodes with Warren Mosler: https://www.patreon.com/posts/42918786 More about the Pufendorf Foundation: https://www.pufendorf-gesellschaft.org/ A Framework for the Analysis of the Price Level and Inflation by Warren Mosler: https://docs.google.com/document/d/1sySbx6EHOAYpAjE4FGnYApdZNyY6rh79KzajZxSU884/edit?fbclid=IwAR2L_RC11e8H40f-QhnPSrWxDmPM0bq8sFSDVKV87UXqA75vgvxx322eVN4 Warren Mosler’s proposals for the banking system: https://www.huffpost.com/entry/proposals-for-the-banking_b_432105 Weimar Republic Hyperinflation through a Modern Monetary Theory Lens by Phil Armstrong and Warren Mosler: http://moslereconomics.com/wp-content/uploads/2020/11/Weimar-Republic-Hyperinflation-through-a-Modern-Monetary-Theory-Lens.pdf   Warren Mosler MMT white paper: https://docs.google.com/document/d/1gvDcMU_ko1h5TeVjQL8UMJW9gmKY1x0zcqKIRTZQDAQ/edit Seven Deadly Innocent Frauds Of Economic Policy by Warren Mosler: http://www.moslereconomics.com/wp-content/powerpoints/7DIF.pdf More about the online Global Forum on Democratizing Work (5–7 October 2021): https://democratizingwork.org/global-forum   A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757   We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos   Show notes: https://www.patreon.com/posts/56979140