Money is an object we all use and yet is something many of us do not fully understand. Blind Insights has had many guests to explain the function of money in modern currency sovereign nations over the past year and this is fresh perspective that adds to the work of the many enlightened economists who have appeared on the show. David and Tim have some very general questions to ask Warren Mosler, a man who has pioneered part of the foundation of an economic understanding known as Modern Monetary Theory. As this theory is starting to popularise in media coverage, it is important to gain a practical perspective from someone who has used this knowledge to earn money and to engage with the private financial institutions of the western world. Warren Mosler, among many life achievements, has been a significant player in correcting the understanding and dialogue about monetary sovereign governments such as the Australian Federal Government. In this episode, we discuss how tax, banks, deficits, and trade all fit into the functions of many global economies today. If you're new to economics or Modern Monetary Theory, or you're a veteran, this is a great episode to gain a new perspective from a practitioner who has established himself in the academic sphere.

You can read more of Warren's work on his blog.

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