
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

Sep 29, 2021 • 1h 22min
#115 Phil Armstrong: Democratising Work
Patricia and Christian talk with MMT scholar and author Dr Phil Armstrong about the MMT Job Guarantee and the upcoming online Global Forum on Democratizing Work. 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 Phil Armstrong: https://www.patreon.com/posts/42072846 Our episode 47 with Pavlina Tcherneva explaining the Job Guarantee: https://www.patreon.com/posts/36034543 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 An Accounting Model of the UK Exchequer – 2nd edition: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/ More about the Rete MMT activist network: https://www.retemmt.it/ More about the online Global Forum on Democratizing Work (5–7 October 2021): https://democratizingwork.org/global-forum “Scotland to trial a four-day week” - BBC News: https://www.bbc.co.uk/news/uk-scotland-scotland-business-58403087 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/56712932

Sep 22, 2021 • 57min
#114 Tim Rideout: The Scottish Reserve Bank
Christian talks with Dr Tim Rideout of the SNP Policy Development Committee and the Scottish Currency Group about the design of the Scottish Reserve Bank 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 More information on The Scottish Currency group: https://www.facebook.com/groups/715532695555527 More information on The Scottish Reserve Bank: https://www.reservebank.scot/#gsc.tab=0 For more information on MMT and Scotland, visit Modern Money Scotland: https://www.modernmoney.scot/ More episodes relating to Scottish independence: https://www.patreon.com/posts/56419654 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/56420591

Sep 1, 2021 • 1h 35min
#113 Warren Mosler: What Is MMT?
In anticipation of his keynote presentation at September’s International European MMT conference, Patricia & Christian talk to MMT founder Warren Mosler about MMT fundamentals, inflation, interest rates, Europe, environmental policy, and much 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 episodes with Warren Mosler: https://www.patreon.com/posts/42918786 Warren Mosler’s talk in Chianciano, Italy, January 11, 2014 [video and transcript]: http://neweconomicperspectives.org/2014/01/beyond-euro-left-crisis-alternative.html#more-7502 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 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 Our Job Guarantee Episodes: https://www.patreon.com/posts/our-job-episodes-44722328 A brief overview of the Job Guarantee: https://en.wikipedia.org/wiki/NAIBER Details about the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455 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/55572142

Aug 25, 2021 • 1h 13min
#112 Dirk Ehnts: Economic Policy In A Post-Pandemic World
In anticipation of the 2nd International European MMT conference, Patricia & Christian talk to economist and author Dr Dirk Ehnts about Berlin’s housing referendum, automation, production bottlenecks, pensions, demand management, inflation, interest rates, and achieving a sustainable future. 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 Dirk Ehnts’ website: https://www.dirk-ehnts.de/ Dirk Ehnts on Twitter: https://twitter.com/DEhnts Warren Mosler MMT white paper: https://docs.google.com/document/d/1gvDcMU_ko1h5TeVjQL8UMJW9gmKY1x0zcqKIRTZQDAQ/edit Our Job Guarantee Episodes: https://www.patreon.com/posts/our-job-episodes-44722328 A brief overview of the Job Guarantee: https://en.wikipedia.org/wiki/NAIBER An Accounting Model of the UK Exchequer by Andrew Berkeley, Richard Tye & Neil Wilson: https://gimms.org.uk/wp-content/uploads/2021/02/An-Accounting-Model-of-the-UK-Exchequer-2nd-edition.pdf Details about the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455 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/55242222

Aug 18, 2021 • 1h 9min
#111 Zdravka Todorova: Money And Households In A Capitalist Economy
In anticipation of her upcoming keynote speech at the 2nd International European MMT conference, Patricia & Christian talk to Professor Zdravka Todorova about her work, which brings together post-Keynesian, institutionalist and feminist economics. 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 Our Job Guarantee Episodes https://www.patreon.com/posts/our-job-episodes-44722328 A quick overview of the Job Guarantee: https://en.wikipedia.org/wiki/NAIBER Zdravka Todorova’s website: https://www.ztodorova.net/ Why Gender Matters in Macroeconomics, as in Real Life, by Zdravka Todorova: https://m.huffpost.com/us/entry/us_406140 Details about the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455 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/54897524

Aug 11, 2021 • 1h 20min
#110 L. Randall Wray: Are We Living In An MMT World?
In anticipation of his upcoming keynote speech at the 2nd International European MMT conference, Patricia & Christian talk to primary MMT academic Professor L. Randall Wray about MMT in the current context, and apply its insights to Europe. 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 L Randall Wray: https://www.patreon.com/posts/44467066 Details about the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu Books By L Randall Wray: https://www.amazon.co.uk/L-Randall-Wray/e/B001HP7OPG?ref=sr_ntt_srch_lnk_2&qid=1628616477&sr=8-2 More about endogenous money: https://www.patreon.com/posts/35073683 More about chartalism: https://en.wikipedia.org/wiki/Chartalism More on understanding government bond sales: Part 1: https://www.patreon.com/posts/29621245 Part 2: https://www.patreon.com/posts/29829500 A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455 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/54750022

Aug 4, 2021 • 1h 19min
#109 Fadhel Kaboub: Unravelling Financial Media & Strategies For The Global South
Patricia & Christian talk to economist and President of The Global Institute for Sustainable Prosperity Professor Fadhel Kaboub about skewed media perceptions of inflation and quantitative easing, and strategies for developing nations to build economic power. 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 Fadhel Kaboub: https://www.patreon.com/posts/43484621 Stay up to date with Fadhel’s work, which includes many online teach-ins and seminars: On Twitter: https://twitter.com/FadhelKaboub On Facebook: https://www.facebook.com/kaboubf More about the V20 (Vulnerable Twenty) Group: https://www.v-20.org/ Details about the MMT Summer School in Poznań, Poland: https://fundacjalipinskiego.pl/wydarzenia/mmt-summer-school-2021/ Details about the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455 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/54374769

Jul 28, 2021 • 1h 22min
#108 Steven Hail & Gabrielle Bond: Achieving Sustainable Prosperity
Christian talks to Gabrielle Bond and Steven Hail of the Sustainable Prosperity Action Group about their outreach work and their upcoming “Rethinking Capitalism” seminar in Melbourne. 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 Support The Sustainable Prosperity Action Group: https://sustainable-prosperity.net.au/ Details about Steven and Gabrielle’s two-day “Rethinking Capitalism” seminar: https://sustainable-prosperity.net.au/summer-school/ Details about the MMT Summer School in Poznań, Poland: https://fundacjalipinskiego.pl/wydarzenia/mmt-summer-school-2021/ Details about the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455 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/54178535

Jul 8, 2021 • 1h 28min
EXTRA! Bill Mitchell & Luke McGregor: MMT and the media - Taking charge of the narrative
Our next full episode will be out on 21st July 2021, but in the meantime please enjoy this conversation. Jayne Flanagan and Dallas Lewis of Modern Money Australia host a conversation between comedian and actor Luke McGregor and Professor Bill Mitchell about all things MMT, their experience in the media, and how MMT advocates might best take charge of the media narrative. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast Support Modern Money Australia: https://modernmoneyaustralia.org/ For an intro to MMT, listen to our first three episodes: https://www.patreon.com/posts/41742417 About this event: “MMT and the media: Taking charge of the narrative In households across Australia we see a startling increase in the incidence of 'shouting-at-the-telly'. Experts say there's a strong correlation between 'shouting-at-the-telly' and the rise in the understanding of Modern Monetary Theory (MMT). Monitoring the hoarse throats of "telly-shouters" experts note that the telly brims full of talking heads fear-mongering about 'tax-payers money', 'the debt burden on future generations' and 'the government going broke'. Very concerning. But seriously, a free and independent media is a bulwark of a healthy, functioning democracy. Increasing attention is being paid to MMT in the media, particularly since the onset of this Covid era. Yet questions about media 'group think' and independence are being brought to the fore by a stubborn bias towards the false, orthodox, neoliberal economic narrative of 'sound finance' and fiscal austerity. A bias that is to the detriment (and ire) of us all. Our guest, Luke McGregor, actor and writer on the highly acclaimed comedy, Rosehaven, and comedian well-known on the stand-up circuit, has fortunately become a champion of MMT in the media. His Lukenomics segment, 'Will Australia Ever Run Out of Money?' on Charlie Pickering's The Weekly and his recent appearance on ABC's Q&A program being wonderful examples of his efforts. In this webinar, Luke McGregor and Professor Bill Mitchell, founding MMT scholar, economist, academic, author, prolific blogger and founder of MMTeD, will have a conversation about all things MMT, their experience in the media and how we might best take charge of the media narrative.” All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with Bill Mitchell: https://www.patreon.com/posts/42072816 A quick read describing MMT: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Two episodes about Quantitative Easing: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Details about the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455 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

Jun 30, 2021 • 1h 20min
#107 Matthew Alford: Understanding Mass Media
Christian talks to author, documentary filmmaker, and lecturer in media Dr Matthew Alford about mass media as an institution and relates it to coverage of Modern Monetary Theory. 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 National Security Cinema by Matthew Alford and Tom Secker: https://www.amazon.co.uk/National-Security-Cinema-Government-Hollywood/dp/1548084980 Follow Matthew on Facebook: https://www.facebook.com/TheWriterWithNoHands “A mainstream outlet accepted my pitch on what media refuses to say about US empire – then refused to let me say it” by Matthew Alford: https://thegrayzone.com/2021/05/13/mainstream-outlet-media-refuses-say/ For more on the Propaganda Model: https://www.medialens.org/the-propaganda-model/ Media critical projects: Media Lens: https://www.medialens.org/ Fairness And Accuracy In Reporting (FAIR): https://fair.org/ FAIR’s podcast, “Counterspin”: https://fair.org/counterspin-radio/ Citations Needed podcast: https://citationsneeded.libsyn.com/ Democracy Now!: https://www.democracynow.org/ Details about the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455 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
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