RadioMMT

Mainstream economists continue to scare "monetarily sovereign" governments away from spending enough of their own currency to meet the needs of their citizens, by invoking the debt and default bogeyman. They use these bogeyman stories to keep us hobbled by unnecessary austerity policies. One such story is what happened under the Khmer Rouge regime in Cambodia.Even mainstream economists usually don't recommend getting rid of money altogether!Cambodia attempted to to this. Given the opportunity, would you want to get rid of money? What can the Cambodian experiment tell us about how a society functions without money?As James Rosier, student of MMT tells it, there is more to this story than meets the eye.  Show NotesModern Money Lab - Courses Geopolitical Economy Report: Debt is politicalwith Radhika Desai and Michael Hudson Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.

[This episode contains content which some people might find distressing. This includes discussion of strip searches and incarceration. Please take care and use discretion.] How brave do you need to be, to be a climate activist? You don't have to be a "disrupter" like Rosie, but her story of a day in the life of a "non-violent, direct, disruptive" climate activist with Blockade Australia is gripping and encouraging. And don't forget: MMT is a description of the monetary system. It is also a framework for analysing the macro-economy. You can apply this description and tools for analysis whatever your political ideology. Show Notes Blockade AustraliaShovelling coal out of trains in the name of life!Rosie and Kat stopping a coal train Earth Matters: Blockade Australia update -- An insightful look at how the actions of Blockade Australia sit within the climate movement. Galilee Blockade, Melbourne XR Australia Mothers Rebellion Theme Music Pleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional Audio Too Many Things, by Ed Kuepper, from the album Starstruck. Stop In The Name Of Love - The Supremes Full Story, Guardian, July 11 2024

One of the greatest dangers that monetary systems present to a democratic society is the phenomenon of "economic rents". Economist Phil Lawn reminds us this battle over economic rents is a century-old debate. This battle plays out in newspaper headlines about the housing crisis to this very day. And we oldies slow down to delve into Phil's unique take on the "cost to live". Show Notes Gold as a Peace CurrencyJul 8, 2024from a Q&A session with Professor Michael Hudson hosted by Karl Fitzgerald Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.Inner City Blues (Make Me Wanna Holler)by Marvin GayeDaryungby Charlie Needs Braces

With great power comes great responsibility, and according to heterodox economist Phil Lawn, modern money comes with the greatest power of all -- the ability to time travel.It is this ability to bring the future into the present, that has been harnessed by a few lucky individuals, such that Australia’s 47 billionaires now have more wealth than the bottom 7.7 million Australians. Billionaires in space is just a symptom of a bigger problem. Billionaires have taken control of the time machine we call modern money. It's time we wrested control back for the people who built the time machine in the first place! ShownotesWikipedia: 2024 Change Healthcare ransomware attack Oxfam Report: Inequality Kills, 2022 Theme Music Pleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional Audio Too Many Things, by Ed Kuepper, from the album Starstruck. Anti Love Song by Betty Davis

The best way to support RadioMMT is to make a donation during the 3CR Radiothon this June.To talk all things solidarity, Kev is joined in the studio by Kent Getsinger, union organiser with Victorian Allied Health Professionals Association (VAHPA). Kent is a regular at the SPAG-Naarm pub nights and student of MMT-style economics. Anne phones in from where she has been self-isolating with a cold, to discuss the connection between MMT, solidarity, and fire ants!Thank you to our lovely, generous listeners for donating to help keep RadioMMT on the airwaves. Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck.https://edkuepper.com/ Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.All I Need (featuring Beth Hirsch), by Airhttps://www.youtube.com/watch?v=Mx1NwIaQbbEBeating (TONE Remix), by Tirzahhttps://www.youtube.com/watch?v=xuHlIoSVfbY

Anne is away and leaves Kevin to run the show alone. Risky, however Kevin enlists past 3CR presenter and progressive economist, Karl Fitzgerald from Grounded, to speak about Community Land Trusts. This is a community scheme to reclaim housing for public use for those who need it, a return to the concept of The Commons. After that Kevin explains his affection for the Polish economist, Michal Kalecki, and his theory of income distribution.

Anne sets Kev a challenge based on how MMT is presented in the mainstream media. And we dissect some typical discussions about money, as heard on social media. Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck.  Additional Audio Too Many Things, by Ed Kuepper, from the album Starstruck. ABC_Q+A11th of March, 2024Tech Giants, Generational Divides & Gaza Aidwith appearance by economist Stephanie Kelton Freakonomicsepisode 585, 24th of April 2024Stephen J. Dubner interviews Canadian Prime Minister, Justin Trudeau

Central banks are sent to battle inflation, equipped only with "nuclear-interest-rate-bombs". How might the federal government take a more nuanced approach? Should it stop spending, spend less, spend more?Maybe it should take note of the three-Cs of managing inflation -- causality, capacity, & creativity -- as heard only on RadioMMT, in this conversation with Andy the data analyst. Shownotes"MMT in a post-COVID world", ANZ On Air, July 2021 Fadel Kaboub, MMT economist Andy's graph takes the wind out of the mainstream argument that government deficit spending always triggers inflation. Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.

We are experiencing levels of inflation unlike any we have seen for decades. What exactly is going on here? And what is this battle over the narrative around inflation? With the help of Andy, a data analyst with a few magical measurements up his sleeve, we will spend the next two episodes wrangling the inflation bogeyman. There is a lot at stake. Keeping everyone scared of the bogeyman is useful if you are a greedy neoliberal who wants to prevent the rest of us from accessing the treasure of the Treasury. Show NotesWhat the RBA says about inflation Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional Audio Tech Giants, Generational Divides & Gaza Aid, Q+A, ABC, 11 March 2024 Too Many Things, by Ed Kuepper, from the album Starstruck. Sound effectsLicence: The song is permitted for non-commercial use under license ìAttribution-NonCommercial 4.0 International (CC BY-NC 4.0) Kelli's Number by U.S. Army Blues is licensed under a Public Domain Mark 1.0 License.

Anne & Kev reflect on a film tour which blasted through Australia in the first half of March 2024. The film is called Finding the Money, and centres on the MMT story of money, and an honest approach to national so-called “debts”.On tour were the film’s director Maren Poitras, and the MMT economist featured in the film, Professor Stephanie Kelton, and Australian economist Dr. Steven Hail.For those who were not able to get to any of the events, we are bringing you some of the highlights of a Q&A which followed a screening of Finding the Money, on March 8 at Trades Hall, Carlton.The panel was moderated by Steven Hail, of Modern Money Lab. On the panel were:film director, Maren Poitraseconomist, Professor Stephanie Keltonconstitutional lawyer, Shireen Morris Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck.https://edkuepper.com/Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck. Broke, by Scott Lavene