The MMT Podcast with Patricia Pino & Christian Reilly

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

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

Patricia and Christian talk to geographer and author of 1000 Castaways Clint Ballinger about ways of understanding the relationship between commercial bank credit creation (horizontal money) and state-issued currency (vertical money) in a modern money system 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   1000 Castaways by Clint Ballinger: https://clintballinger.wordpress.com/2019/01/14/1000-castaways-introduction/   Decouple Spending From Bond Sales by Clint Ballinger: https://clintballinger.wordpress.com/2018/11/13/decouple-spending-from-bond-sales/   The Myth of Hyperinflation by Clint Ballinger: https://clintballinger.wordpress.com/2021/01/12/the-myth-of-hyperinflation/   Federal Debt and Modern Money by Steven Hail & David Joy: http://www.global-isp.org/policy-note-121/   An MMT Response on What Causes Inflation by Scott Fullwiler, Rohan Grey & Nathan Tankus: https://www.researchgate.net/publication/332318485_An_MMT_Response_on_What_Causes_Inflation   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/52539160

Patricia and Christian talk to MMT scholar and Deficit Owl Sam Levey about recent press coverage of MMT and the late David Graeber’s Bulls**t Jobs.   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   Our two-part interview with the authors of An Accounting Model Of The UK Exchequer: Part 1: https://www.patreon.com/posts/46352183 Part 2: https://www.patreon.com/posts/46865929   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   Saving And Investment By Degrees by Sam Levey: https://slevey087.medium.com/saving-and-investment-by-degrees-6ec2a050c5f0   To Fight Bullshit Jobs, Run The Economy Really Hot by Sam Levey: https://slevey087.medium.com/to-fight-bullshit-jobs-run-the-economy-really-hot-f11206e024b1   Warren Mosler’s talk in Chianciano, Italy, January 11, 2014: http://neweconomicperspectives.org/2014/01/beyond-euro-left-crisis-alternative.html   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/52411206

Patricia and Christian talk to author and economist Professor John T. Harvey about inflation, what mainstream neoclassical economics gets wrong, and how to put it right.   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 John T. Harvey: https://www.patreon.com/posts/44371783   Our episode 47 with Pavlina Tcherneva: laying out the Job Guarantee https://www.patreon.com/posts/36034543   Four Reasons To Stop Panicking Over Inflation! by John T Harvey: https://www.forbes.com/sites/johntharvey/2021/05/12/four-reasons-to-stop-panicking-over-inflation/?sh=5ca7e8223a97   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/?sh=63e1a9c42f58   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   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   Transcript for opening monologue: https://www.patreon.com/posts/52208093   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/52207835

Patricia and Christian talk to Senegalese development economist and author Ndongo Samba Sylla about the political challenges facing countries with limited financial sovereignty and Africa’s last colonial currency - the CFA Franc.   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   Africa's Last Colonial Currency - The CFA Franc Story by Fanny Pigeaud & Ndongo Samba Sylla: https://www.plutobooks.com/9780745341798/africas-last-colonial-currency/   Our episode 12 with Fadhel Kaboub on monetary Sovereignty: https://www.patreon.com/posts/41790149   The New Economic Perspectives blog: http://neweconomicperspectives.org The website of The African Economic and Monetary Sovereignty initiative, which includes an open letter available for countersigning, calling on Africa’s trading partners to acknowledge the failure of extractive economic models and to embrace a new cooperation model and for all African states to develop a strategic plan focused on reclaiming their monetary and economic sovereignty: http://mes-africa.org/ Follow The African Economic and Monetary Sovereignty initiative on Twitter for updates on their next conference: https://twitter.com/Mon_Sovereignty The website of 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   Transcript for opening monologue: https://www.patreon.com/posts/51864462   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/51864583

Patricia and Christian talk to Kairin Van Sweeden & Cameron Archibald of Modern Money Scotland about their Job Guarantee proposal for an independent Scotland.   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   SCOTLAND'S JOB GUARANTEE: AN EMPLOYER OF LAST RESORT by Cameron Archibald & Kairin van Sweeden: https://www.modernmoney.scot/policy-papers   Kairin Van Sweeden’s blog: https://www.indyanatomist.scot/   Our other episodes on MMT and Scottish Independence: Episode 15 on MMT & The Economics Of An Independent Scotland: https://www.patreon.com/posts/41805554 Episode 28 - Warren Mosler on starting a new currency: https://www.patreon.com/posts/29265974 Episode 29 - Bill Mitchell on MMT and Scottish independence: https://www.patreon.com/posts/29419615   Our episode with Fadhel Kaboub on monetary Sovereignty as it relates to independence movements: https://www.patreon.com/posts/41790149   Our episodes explaining the MMT Job Guarantee in detail: https://www.patreon.com/posts/44722328   Our episodes on An Accounting Model Of The UK Exchequer: Part 1: https://www.patreon.com/posts/46352183 Paet 2: https://www.patreon.com/posts/46865929    Warren Mosler proposal for member nations desiring to exit the Euro: https://youtu.be/LQRgJPEAvIM   Tim Rideout on The Six Tests For Establishing a Scottish Currency: https://youtu.be/npP9WV97HsU   More about the Common Weal group: https://commonweal.scot/   Quick overview of the non-accelerating inflation buffer employment ratio (NAIBER) framework: https://en.wikipedia.org/wiki/NAIBER The website of 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   Transcript for opening monologue: https://www.patreon.com/posts/51672599   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/51673111

Patricia and Christian talk to MMT founder Warren Mosler about recent US inflation figures, Tesla and Bitcoin, currency prices, corporation tax, capital flight, 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 our episodes with Warren Mosler: https://www.patreon.com/posts/42918786   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/?sh=7ab2305042f5 Four Reasons To Stop Panicking Over Inflation! by John T Harvey: https://www.forbes.com/sites/johntharvey/2021/05/12/four-reasons-to-stop-panicking-over-inflation/?fbclid=IwAR21C14nxFlfwjQ0FJBlXpDdwXH0mucGt9oMo9EbGD_2HDwUnkwDOdKjljI&sh=1c3528333a97 Our interview with Warren and Phil Armstrong about their paper, Weimar Republic Hyperinflation Through An MMT Lens: Part 1: https://www.patreon.com/posts/47638591 Part 2: https://www.patreon.com/posts/episode-89-phil-47904999 Warren’s MMT white paper: https://docs.google.com/document/d/1gvDcMU_ko1h5TeVjQL8UMJW9gmKY1x0zcqKIRTZQDAQ/edit Quick overview of the non-accelerating inflation buffer employment ratio (NAIBER) framework: https://en.wikipedia.org/wiki/NAIBER Seven Deadly Innocent Frauds Of Economic Policy by Warren Mosler: http://www.moslereconomics.com/wp-content/powerpoints/7DIF.pdf The website of 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   Transcript for opening monologue: https://www.patreon.com/posts/51399493   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/51399536

Patricia and Christian talk to economist and author Dr Dirk Ehnts about central banking, international trade, China’s new digital currency and the upcoming International European MMT conference in Berlin.   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 Dirk Ehnts: https://www.patreon.com/posts/44467243   Our episode 52 with Vincent Huang on a green Job Guarantee for China: https://www.patreon.com/posts/37436696   “China not to replace dollar with digital yuan” (Gulf Times): https://www.gulf-times.com/story/689415/China-not-to-replace-dollar-with-digital-yuan-PBoC   The website of 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   Transcript for opening monologue: https://www.patreon.com/posts/51123809   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/51123672

Lawyer and Modern Money Network President Rohan Grey answers questions posed by readers of Stephanie Kelton’s The Deficit Myth at a book club event hosted by Ramona Massachi of Real Progressives.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   Support Real Progressives: https://www.patreon.com/realprogressives   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 Rohan Grey: https://www.patreon.com/posts/43558419   Our episode 48 with Rohan on the #MintTheCoin initiative: https://www.patreon.com/posts/36292974   Our episode 90, with Stephanie Kelton: https://www.patreon.com/posts/48165836   Our Unpacking The Deficit Myth Series: https://www.patreon.com/posts/47191289     Our episodes explaining government bond issuance: Part 1: https://www.patreon.com/posts/29621245 Part 2: https://www.patreon.com/posts/29829500   Rohan Grey’s website: https://rohangrey.net/   Administering Money: Coinage, Debt Crises, And The Future Of Fiscal Policy by Rohan Grey: https://rohangrey.net/files/coinage.pdf   Monetary Resilience by Rohan Grey: https://digitalcommons.law.wne.edu/lawreview/vol41/iss3/4/   The Modern Money Network: https://www.modernmoneynetwork.org/   Listen to Macro N Cheese podcast: https://realprogressives.org/macro-n-cheese-podcast/#fwdmspPlayer0?catid=0&trackid=0   Most MMT resources can be found at We Can Have Nice Things: https://wecanhavenicethings.com/   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   Transcript for opening monologue: https://www.patreon.com/posts/50680005   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/50672786