RadioMMT

MMT is simply an analysis of how our economy actually operates. So how come some people, including so-called economic experts and authorities, don't get it? Katy and Kevin explore the conflict that economic orthodoxy faces when presented with the facts. Show Notes Katy Swain is a student of Modern Money Lab's graduate course in the economics of sustainability. Katy blogs here. Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.Presumptious by King Gizzard & the Lizard WizardHot Air by Adalita

The grandaddy of all economic lies is known as the "barter myth". It sounds so innocuous. Yet it continues to do great damage. At the core of mainstream academic economics, are economic models, known as "general equilibrium" models. At the very core of "general equilibrium" models lies the "barter myth". This misleading myth prevents us from understanding the system we all participate in every day - the monetary system. This misleading myth has policy advisors whispering in the ears of our politicians, that "everyone gets the amount of money they deserve". Meanwhile the "barter myth" is generally accepted as folk wisdom by the rest of us. It is one of those dangerous economic ideas that just wont die. Anne & Kev speak with economist, Associate Adjunct Professor Steven Hail, and fellow economics student Danny Roberts, about the dangers of believing this myth, and about the true story of the origins of money. Show NotesDebt: The First 5,000 Years, by David Graeber (book) Making Money: Coin, Currency, and the Coming of Capitalism, by Christine Desan (book) ‘Inflation, huh?’ Your ultimate dinner party survival guide to the economy, by Jessica Irvine (article, July 29, 2022) How to write a Flintstones history of money, by Brett Scott (article) My response to a myth of barter video, article by Jeff Epstein (host, Activist #MMT) Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck The Flintstones: Theme from the Classic Hanna-Barbera Cartoon Series (Instrumental) (Single)℗ 2012 BSX RecordsReleased on: 2012-07-05Composer: Hoyt Curtin

Retired civil engineer, Ray Maxwell, was hearing some pretty strange things coming out of MMT. So he took a good look into Modern Monetary Theory. Ray emerged with a one-page answer to "what is MMT", along with some fightin' words:austerity is murder (what's more, murder committed by our government)a job guarantee is essential to a civilised societyapplying the insights of MMT to address global warming is the only future we haveHow does Ray justify these massive claims? Trigger warning, some discussion of suicide. Please use discretion when listening. Show NotesMacro N Cheese (podcast hosted by Steve Grumbine) The Deficit Myth (book)by Stefanie Kelton Corporate Welfare Abounds (blogpost)by Professor Bill Mitchell (economist) MMT predicts well – Groupthink in action (blogpost)by Professor Bill Mitchell (economist) Warren Mosler: The Financial Sector - A Cost-Benefit AnalysisMMT Podcast with Patricia Pino & Christian Reilly Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.

You can use MMT to get out from under austerity. You can spend money to create resources. You can reclaim your monetary sovereignty. A truly inspiring conversation with a pro-independence Scots-speaking Scot.Empower yourself via Jim's online course: MMT101 - Modern Monetary Theory (MMT) – What, Why & How. Show Notes MMT101.ORG – Modern Monetary Theory Podcast MMT101 – Modern Monetary Theory (MMT) – What, Why & How (online course) MMT101.ORG - Learn Modern Monetary Theory (MMT) – (substack) Cowboy Economist, John Harvey (youtube channel) The Invisible Doctrine: The Secret History of Neoliberalism (book)by Peter Hutchison & George Monbiot Soft Currency Economics (book) by Warren Mosler Fadel Kaboub (economist) Theme Music Pleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional Audio Too Many Things, by Ed Kuepper, from the album Starstruck. William Thomson, founder of Scotonomics, compares England and Scotland (minute 1:14:25) Satisfied Mind by Jim Byrne Fancy Wooden Box by Jim Byrne

Australia’s current climate target is net zero by 2050. The science shows that net zero, by 2035 has the strongest chance of preventing massive disruption to the global climate system.Can we make such a radical change to our economy?Can we do it rapidly, without hurting people?James Rosier speaks with Marcus Champ about what tools the federal government once used, and still has, to meet an existential crisis. Show notes  Economics of Sustainability (course)via Modern Money Lab and Torrens University   Theme Music Pleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional Audio Too Many Things, by Ed Kuepper, from the album Starstruck. Hot Time In The Town Of Berlin WWII 1943Bing Crosby & Andrews Sisters Hot Time In The Town Of Berlin WWII 1943 (piano player rendition) Buy Bonds WWII Theatrical Trailer 1940s WWII War Bonds Advertisement Orson Welles: 1942 Radio Ad for WW2 War Bonds

The 1970s was a fork in the road. At the New Economic Vision forum, held at Victorian Trades Hall Council, policy analyst Emma Dawson, and economist Bill Mitchell, each give their overview of the road we took, and whether we can do better than how the national economy currently serves us. What did Bill accept? And what is Emma's theory of change? Show Notes "Presumably, there is an irreducible residual level of unemployment composed of people who don’t want to work, who are moving between jobs, or who are unqualified. If there is in fact some such residual level of unemployment, it is not one we have encountered in the United States. Never in the post war period has the government been unsuccessful when it has made a sustained effort to reduce unemployment."Michael Piore (ed.) Unemployment and Inflation, Institutionalist and Structuralist Views, M.E. Sharpe, Inc., White Plains, page 10 (book, 1979)"Targets for Monetary Policy in the Coming Year" (1975, paper)by Franco Modigliani and Lucas Papademos Theme Music Pleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional Audio Property developer [Tim Gurner] says unemployment should rise (SBS News) The Tide Is High - Blondie (Instrumental with BV) Too Many Things, by Ed Kuepper, from the album Starstruck.

Union leaders, community activists, policy writers and academics got together to discuss ideas that would form part of a Just Transition away from endless growth driven by fossil fuels. No, this was not the Labor government's economic roundtable. This was a grassroots forum, leading the way by moving beyond talk about taxing rich people so we can take the necessary urgent action. We can't de-grow without re-distribution. And two ways to do that are a shorter working week, and a Job Guarantee. Show Notes Productivity growth is not the only source of increases in material well-being for the majority (blog post)by William Mitchell (economist), August 18, 2025 Pleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional Audio Too Many Things, by Ed Kuepper, from the album Starstruck. The political calculations behind Albanese’s economic roundtable, 7am (podcast)Aug 8, 2025, hosted by Daniel James with journalist Karen Middleton Labor go looking for an economic legacy, Full Story (podcast)19 August, 2025, Presented by Reged Ahmad with Tom McIlroy Tax the wealthiest to make Australia more productive, Follow the Money (podcast)August 20, 2025, featuring Matt Grudnoff and Ebony Bennett Is tax reform on the agenda after the productivity roundtable? ABC InsidersAugust 24, 2025, hosted by David Speers

Mark Diesendorf brings us the good news and the bad news, when it comes to tackling the multiple crises we face.The good news is that it is doable. The bad news is we are doing only half of what needs to be done. We are increasing renewable energy usage, but we are not doing planned de-growth, that is, decreasing total energy usage.The good news is, we know what to do about that. The bad news is we are dealing with state capture. The good news is, we know what to do about that too.After listening to Mark Diesendorf, you might be left feeling likewise, cautiously optimistic. Show Notes Sustainability Scientists’ Critique of Neoclassical Economics (article)by Mark Diesendorf, Geoff Davies, Thomas Wiedmann, Joachim H. Spangenberg, and Steven Hail (2024) The Path to a Sustainable Civilisation: Technological, Socioeconomic and Political ChangeMark Diesendorf & Rod Taylor, 2023 (book) World Without EndJean-Marc Jancovici & Christophe Blain, 2024 (book) More and More and More: An All-Consuming History of EnergyJean-Baptiste Fressoz, 2024 (book) Exploring degrowth policy proposals: A systematic mapping with thematic synthesis (article)Nick Fitzpatrick Timothée Parrique, Inês CosmeJournal of Cleaner Production, Volume 365, 10 September 2022 Dynamic Economic Systems: A Post Keynesian Approach (book)By John M. Blatt Theme Music Pleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional Audio Too Many Things, by Ed Kuepper, from the album Starstruck Sunlight, by Andrea Vanzo Idea 25, by Gibran Alcocer, Andrea Vanzo On a Snowy Winter’s Morn, by Holly Jones

How do we push the federal Labor government to enact more progressive policies, such as discarding the inhumane policy of keeping tens of thousands of workers in unemployed poverty in order to keep inflation under control (in accordance with the odious and dysfunctional economic theory, the NAIRU)?One way is to build a labor movement that champions progressive economics. We speak with Colin Long, Just Transitions Organiser at the Victorian Trades Hall Council, about organising to do just that. Colin will be on a panel of speakers at a forum (below), which is free and open to the public. Show NotesPublic Forum: A New Economic Vision for the Labour MovementFriday, Aug 15, 2025, from 9:30am – 1.00pmSolidarity Hall, Victorian Trades Hall Council54 Victoria St, CarltonSpeakers:Desiree Cai, Tomorrow Movement (Net Zero Authority)Emma Dawson, Chifley Institute (public policy)Dr. Carina Garland MP, Australian Labor Party (Chisholm)Tim Kennedy, Nat. Sec. United Workers Union (essential work)Prof. William Mitchell, Centre of Full Employment and EquityColin Long, Just Transitions Organiser Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck. From Palestine to jobseeker and keeping children safe online: Tanya Plibersek on Labor’s tough callswith Tom McIlroyAustralian Politics, The Guardian (1 Aug 2025, podcast)

Do you think physical cash is "dirty" or "obsolescent"? Fake news and disinformation are skewing our attitudes towards cash. This is our monetary system under attack. Are we being herded like sheep into the privatised money chute? Is anyone defending the public good?Renegade analyst of monetary systems, Brett Scott, explains what the "war on cash" tells us about the imperatives of capitalism. Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.