194 episodes

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

The MMT Podcast with Patricia Pino & Christian Reilly Patricia Pino & Christian Reilly

    • News
    • 4.6 • 46 Ratings

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

    Phil Armstrong: MMT & Austrian Economics (part 1)

    Phil Armstrong: MMT & Austrian Economics (part 1)

    Part 1: Christian talks to Dr Phil Armstrong about his recent paper: “History and origin of money in MMT and Austrian Economics: The difference methodology makes?”
     
    Full conversation available here: https://www.patreon.com/posts/95846517?pr=true
     
    Please help sustain this podcast!
    Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
     
     
    All our episodes in chronological order: https://www.patreon.com/posts/43111643
     
    All our patron-only episodes: https://www.patreon.com/posts/57542767
     
     
    LIVE EVENTS!
    June 17-21 Bard College Summer Workshop in Public Finance and Economic Policy (online) applications close 30th April: https://edi.bard.edu/programs/osun-summer-workshop/ July 15-17 Inaugural UK Modern Monetary Theory Conference (Leeds, UK): https://gimms.org.uk/2024/03/04/final-call-for-papers-uk-mmt-conference-deadline-extended/ August 19th - 23rd Dirk Ehnts’ Maastricht University Modern Monetary Theory and European Macroeconomics course: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics August  27-29 MMT Summer school (Poznan, Poland) - no details published yet, but updates will be here: https://fundacjalipinskiego.pl/ August  30 - September 2nd, 4th European MMT Conference (Berlin, Germany) no details published yet, but updates will be here: https://www.pufendorf-gesellschaft.org/ Updates on worldwide screenings of the documentary “Finding The Money” can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of “Finding The Money”, apply here: https://findingmoneyfilm.com/host-a-screening/  
    STUDY THE ECONOMICS OF SUSTAINABILITY!
    Details of Modern Money Lab’s online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/  
     
    Relevant to this episode:
    “History and origin of money in MMT and Austrian Economics: The difference methodology makes?” by Phil Armstrong: http://www.paecon.net/PAEReview/issue105/Armstrong105.pdf “Can Heterodox Economics Make a Difference?” by Phil Armstrong: https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html Phil is co-author of “Modern Monetary Theory - Key Insights, Leading Thinkers” - order here: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html Our episode with Richard Tye on the evolution of the BoE “The Bank of England - The Prequel”: https://pileusmmt.libsyn.com/167-richard-tye-the-bank-of-england-the-prequel Introduction to ergodicity: https://taylorpearson.me/ergodicity/  
    For an intro to MMT:
    Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318  
    Quick MMT reads:
    Warren’s Mosler’s MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail’s quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/  
     
    For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
     
     
    Episodes on monetary operations:
    Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accou

    • 1 hr
    Dirk Ehnts: The public debt is what we own, not what we owe

    Dirk Ehnts: The public debt is what we own, not what we owe

    Patricia and Christian talk to Dr Dirk Ehnts about the origins and nature of money, and what it means for tackling our various planetary emergencies.
     
     
    Please help sustain this podcast!
    Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
     
     
    All our episodes in chronological order: https://www.patreon.com/posts/43111643
     
    All our patron-only episodes: https://www.patreon.com/posts/57542767
     
     
    LIVE EVENTS!
    June 17-21 Bard College Sumer Workshop in Public Finance and Economic Policy (online) applications close 30th April: https://edi.bard.edu/programs/osun-summer-workshop/ July 15-17 Inaugural UK Modern Monetary Theory Conference (Leeds, UK): https://gimms.org.uk/2024/03/04/final-call-for-papers-uk-mmt-conference-deadline-extended/ August 19th - 23rd Dirk Ehnts’ Maastricht University Modern Monetary Theory and European Macroeconomics course: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics August  27-29 MMT Summer school (Poznan, Poland) - no details published yet, but updates will be here: https://fundacjalipinskiego.pl/ August  30 - September 2nd, 4th European MMT Conference (Berlin, Germany) no details published yet, but updates will be here: https://www.pufendorf-gesellschaft.org/ Updates on worldwide screenings of the documentary “Finding The Money” can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of “Finding The Money”, apply here: https://findingmoneyfilm.com/host-a-screening/  
     
    STUDY THE ECONOMICS OF SUSTAINABILITY!
    Details of Modern Money Lab’s online graduate, postgraduate and short, standalone courses in economics: https://modernmoneylab.org.au/  
     
    Relevant to this episode:
    “Modern Money Theory: A Simple Guide to the Monetary System (Professional Practice in Governance and Public Organizations)” by Dirk Ehnts (Released 5th May 2024): https://www.amazon.co.uk/Modern-Money-Theory-Professional-Organizations/dp/3031535367/ “Revisiting MMT, Sovereign Currencies and the Eurozone: A Reply to Marc Lavoie” by Dirk Ehnts & L. Randall Wray: https://www.tandfonline.com/doi/full/10.1080/09538259.2023.2298448  
    For an intro to MMT:
    Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318  
    Quick MMT reads:
    Warren’s Mosler’s MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail’s quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/  
     
    For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
     
     
    Episodes on monetary operations:
    Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 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   
     
    Episodes on inflation:
    Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Under

    • 1 hr 2 min
    Steven Hail: What if people aren’t utility-maximising omniscient supercomputers?

    Steven Hail: What if people aren’t utility-maximising omniscient supercomputers?

    STOP PRESS! FOR OUR AUSTRALIAN PALS - THE “FINDING THE MONEY” FILM TOUR STARTS THIS WEEK - AS IN 27TH OF FEBRUARY! MORE DETAILS HERE: https://modernmoneylab.org.au/events/film-tour/
    Patricia and Christian talk to Professor Steven Hail about behavioural economics as a vital corrective to the unreal assumptions in mainstream models. Just as MMT models the monetary system as it actually is, Dr Hail talks about the importance of modelling people as they actually are.
     
    Please help sustain this podcast!
    Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
     
     
    All our episodes in chronological order: https://www.patreon.com/posts/43111643
     
    All our patron-only episodes: https://www.patreon.com/posts/57542767
     
     
    MORE LIVE EVENTS!
    Economics Of The Real World (Edinburgh, 21st March 2024): https://scotonomics.scot/live-events/ Scotonomics Festival Of Economics (Dundee, Scotland, 22-24th March 2024): https://scotonomics.scot/live-events/ Inaugural UK Modern Monetary Theory Conference (Leeds, July 15-17, 2024): https://gimms.org.uk/2024/02/23/final-call-for-papers-uk-mmt-conference/  
     
    STUDY THE ECONOMICS OF SUSTAINABILITY!
    Details of Modern Money Lab’s online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/  
     
    Relevant to this episode:
    Professor L Randall Wray | The History and Nature of Money: https://youtu.be/7cLDFjTt4Bs?si=ZWjMc4t1IKuveKGj Professor Stephanie Kelton | Finding The Money: https://youtu.be/viddh5Dft1A?si=UxZci7jo-OYZCsNb  
    For an intro to MMT:
    Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318  
    Quick MMT reads:
    Warren’s Mosler’s MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail’s quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/  
     
    For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
     
     
    Episodes on monetary operations:
    Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 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   
     
    Episodes on inflation:
    Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 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/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558  
    Our Job Guarantee episodes:
    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

    • 1 hr 36 min
    Mark Diesendorf: The Path To An Ecologically Just Civilisation

    Mark Diesendorf: The Path To An Ecologically Just Civilisation

    Christian talks to Mark Diesendorf, a physicist and professor in the Environment & Society Group at the University of New South Wales, about the economics underpinning his latest book, “The Path To An Ecologically Just Civilisation”.
     
    Please help sustain this podcast!
    Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
     
     
    All our episodes in chronological order: https://www.patreon.com/posts/43111643
     
    All our patron-only episodes: https://www.patreon.com/posts/57542767
     
     
    LIVE EVENTS!
    A presentation by Bill Mitchell (London, January 26): https://www.eventbrite.co.uk/e/gimms-event-professor-bill-mitchell-tickets-788915095287 Economics Of The Real World (Edinburgh, 21st March 2024): https://scotonomics.scot/live-events/ Scotonomics Festival Of Economics (Dundee, Scotland, 22-24th March 2024): https://scotonomics.scot/live-events/  
    STUDY THE ECONOMICS OF SUSTAINABILITY!
    Details of Modern Money Lab’s online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/  
     
    Relevant to this episode:
    Buy “The Path to a Sustainable Civilisation: Technological, Socioeconomic and Political Change” by Mark Diesendorf & Rod Taylor:  https://www.amazon.co.uk/Path-Sustainable-Civilisation-Technological-Socioeconomic/dp/9819906628/ For more on the mechanics of the banking system, see “Episodes on monetary operations” (below) “The appallingly bad neoclassical economics of climate change” by Steve Keen: https://www.researchgate.net/publication/344034609_The_appallingly_bad_neoclassical_economics_of_climate_change  
    For an intro to MMT:
    Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318  
    Quick MMT reads:
    Warren’s Mosler’s MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail’s quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/  
     
    For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
     
     
    Episodes on monetary operations:
    Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 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   
     
    Episodes on inflation:
    Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 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/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558  
    Our Job Guarantee episodes:
    Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47

    • 1 hr 13 min
    Warren Mosler & Cory Doctorow In Conversation

    Warren Mosler & Cory Doctorow In Conversation

    Christian talks to author Cory Doctorow and MMT founder Warren Mosler about Cory’s latest book “The Lost Cause” (set in a post-Green New Deal future), framing the MMT Job Guarantee, and more.
     
    Please help sustain this podcast!
    Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
     
     
    All our episodes in chronological order: https://www.patreon.com/posts/43111643
     
    All our patron-only episodes: https://www.patreon.com/posts/57542767
     
     
    LIVE EVENTS!
    Economics Of The Real World (Edinburgh, Scotland 21st March 2024): https://scotonomics.scot/live-events/ Scotonomics Festival Of Economics (Dundee, Scotland 22-24th March 2024): https://scotonomics.scot/live-events/  
    STUDY THE ECONOMICS OF SUSTAINABILITY!
    Details of Modern Money Lab’s online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/  
     
    Relevant to this episode:
    Buy “The Lost Cause” by Cory Doctorow: https://craphound.com/shop/ “Moneylike” by Cory Doctorow (Cory applies MMT insights to crypto in this article): https://pluralistic.net/2022/09/16/nondiscretionary-liabilities/ “Maximizing Price Stability in a Monetary Economy” by Warren Mosler & Damiano B. Silipo: https://www.levyinstitute.org/pubs/wp_864.pdf  
     
    For an intro to MMT:
    Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318  
    Quick MMT reads:
    Warren’s Mosler’s MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail’s quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/  
     
    For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
     
     
    Episodes on monetary operations:
    Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 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   
     
    Episodes on inflation:
    Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 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/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558  
    Our Job Guarantee episodes:
    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 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: https://pavlina-t

    • 1 hr 14 min
    Erik Dean: What’s Standing Between Us And A 15-Hour Work Week?

    Erik Dean: What’s Standing Between Us And A 15-Hour Work Week?

    Patricia and Christian talk to economist, author and Modern Money Lab instructor Dr Erik Dean about the history of Keynesianism, BS jobs, and Keynes’ “Economic Possibilities For Our Grandchildren”.
     
    Please help sustain this podcast!
    Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
     
     
    All our episodes in chronological order: https://www.patreon.com/posts/43111643
     
    All our patron-only episodes: https://www.patreon.com/posts/57542767
     
     
    LIVE EVENTS!
    Economics Of The Real World (Edinburgh, Scotland 21st March 2024): https://scotonomics.scot/live-events/ Scotonomics Festival Of Economics (Dundee, Scotland 22-24th March 2024): https://scotonomics.scot/live-events/  
    STUDY THE ECONOMICS OF SUSTAINABILITY!
    Details of Modern Money Lab’s online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/  
     
    Relevant to this episode:
    Dr Erik Dean’s YouTube channel: https://www.youtube.com/@erikdean9269 “Economic Possibilities For Our Grandchildren” by J.M. Keynes: http://www.econ.yale.edu/smith/econ116a/keynes1.pdf Erik recommends the 3rd and 4th issues of the Journal Of Economic Issues from 1987 as a starting point for researching the foundations of institutionalist economics. I’ve linked to those here, but a library login is required: https://www.jstor.org/stable/i389846 , https://www.jstor.org/stable/i389847?typeAccessWorkflow=login  
     
    For an intro to MMT:
    Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318  
    Quick MMT reads:
    Warren’s Mosler’s MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail’s quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/  
     
    For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
     
     
    Episodes on monetary operations:
    Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 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   
     
    Episodes on inflation:
    Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 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/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558  
    Our Job Guarantee episodes:
    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 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is C

    • 49 min

Customer Reviews

4.6 out of 5
46 Ratings

46 Ratings

JGJDJ ,

Farther Christmas

As a child I bought into the idea that a complete stranger some how got into the house and left lots of present. I believed this until I didn’t but in my ignorance I was content.

It was a shock to my belief system when I found this wasn’t true.This podcast about MMT is like being told the truth about the economy that is a challenge to your belief systemn

Everyone who still believes that we are putting lgtodays costs on tommojw credit card bill when we spend more than we are taxed.

If you want to know the truth listens to these pod casts

Great work keep it up shinning a light on the truth.

Kairin v ,

Visionary

Today's podcast with Cory was one of the most uplifting.

Rev Alvy ,

When will your lightbulb moment be

Who does the government owe money to? Where have they borrowed it from? If you don’t really know what the Government deficit is or what taxes are for start here. Be prepared to be surprised.

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