RadioMMT

Maren Poitras picks up her 'prosumer' camera, and walks into a battlefield. There she finds an underdog group of economists holding out against a storm of criticism.Why the attack? They asked the taboo question. The question which will either ostracise you, or drive you crazy!This is the question that Maren pursues in her film, Finding the Money. Her film follows this plucky group of economists, hunkered down for the long haul, and determined the world should know the answer to that fateful question, "where does money come from?"Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck. Finding The Money (teaser) L.U.X, by Phil & The Tiles, from Double Happiness Real Estate Mastermind, by Phil & The Tiles, from Double Happiness

While Kev is away, Anne is joined by fellow MMT-traveller, Jackson. We discuss a conversation Anne & Kev had with Maren Poitras, director of a film called "Finding the Money", the perfect antidote to "debt hysteria". Finding the Money, follows the trials and tribulations of MMT economists, notably Stephanie Kelton. Maren and Stephanie will be touring Australia with the film during February and March 2024.Support RadioMMT with your annual subscription to 3CR Radio.Subscribe online here. Finding The Money, film tourtickets here ShownotesMaren mentions women economists who are having a positive impact:Stephanie Kelton, a professor of economics and public policy at Stony Brook University, and a leading proponent of Modern Monetary Theory, which she popularised in her book, The Deficit Myth. She served as a senior economic advisor to Bernie Sanders's 2016 and 2020 presidential campaigns, and served as chief economist on the U.S. Senate Budget Committee (Democratic staff) in 2015. She is founder of the blog New Economic PerspectivesMariana Mazzucato, a professor in the Economics of Innovation and Public Value at University College London (UCL). She is best known for her work on the dynamics of technological change, and the role of the public sector in innovation. She has been active in advising governments on innovation and growth policies. She is the author of, Mission Economy: A Moonshot Guide to Changing Capitalism.Kate Raworth, a senior associate at Oxford University’s Environmental Change Institute and a Professor of Practice at Amsterdam University of Applied Sciences. She is known for her ecological economics framework, or "doughnut economics", an economic model that identifies the sweet spot between essential human needs and planetary boundaries.Isabella Weber, a German economist, and assistant professor of economics at the University of Massachusetts Amherst. According to Wikipedia, in December 2021, an op-ed she published in The Guardian which argued that strategic price controls could help control inflation in bottleneck situations was heavily criticized by economists, making her "the most hated woman in economics" (The New Yorker). Paul Krugman called her "truly stupid", a statement for which he later apologized.Jackson mentions Claudia Sahm, an American economist, leading the Macroeconomic Research initiative of the Jain Family Institute. Sahm specializes in macroeconomics and household finance. She is best known for the development of the Sahm Rule, a Federal Reserve Economic Data (FRED) indicator for identifying recessions in real-time.Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck. Finding The Money (teaser) Fed Chair Jerome Powell: The 2024 60 Minutes Interview Monty Python Royal Society For Putting Things On Top of Other Things

It is our most sensational Letter from Bill Mitchell, yet! The gloves are off, and the hand-to-hand combat is more exciting than your average manga comic -- not least because our well-being is riding on it. Shownotes How Japan escaped neoliberalism and lived happily ever afterby Alan Kohlerpublished in The New Daily, 3rd December, 2023 Should Jim Chalmers adopt MMT to offer Swedish services with Swiss taxes?by Percy Allanpublished in Pearls and Irritations, 7th December 2023  Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck. Finding The Money, documentary teaser

"You can't un-see it" describes how it feels to be released from a misguided understanding about how money works. Once you understand how it is that the federal government of Australia can never run out of Australian dollars -- you can't un-see it. So many more revelations follow on from this. MMT is a paradigm shift that Christian and Patricia want to share with the world, via their podcast, The MMT Podcast. Show Notes Finding The Money, tickets for screenings in Australia, March 2024 The MMT Podcast, a podcast hosted by Christian Reilly & Patrica Pino, designed to demystify economics The MMT Podcast, patreon pageMacro N Cheese, a podcast hosted by Steve Grumbine, that explores the progressive movement through the lens of Modern Monetary Theory Debt: The First 5,000 Years by David Graeber William Mitchell - Modern Monetary Theory, blog by Professor Bill Mitchell We Can Have Nice Things, website of MMT resources The Gower Innitiative For Modern Money Studies, UK New Economic Perspectives, blog Modern Money Lab, courses on MMT and ecological economics Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck. Finding The Money, documentary teaser

Anne and Kev discuss the good, the bad, and the ugly of 2023, including the slaughter in Palestine. The latest Letter From The Cape, by economist, Bill Mitchell, reveals a simple idea that could deliver hope and peace for the New Year. And we invite you to the movies! Show NotesThe Smith Family and their Adventures with Money (manga) Money for Beginners: An Illustrated Guide (book)By: L. Randall Wray, Heske van Doornen (Illustrator) The Lost Cause (book) by Cory Doctorow Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.Finding The Money (tickets)https://modernmoneylab.org.au/events/film-tour/Finding The Money (documentary)http://www.findingmoneyfilm.com/Finding The Money (teaser)https://vimeo.com/842934508

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

The RBA's operating manual comes with instructions for one lever. Raise or lower interest rates. Australia's central bank, the Reserve Bank of Australia (RBA) can raise and lower the interest rate it announces to the commercial banks, and the commercial banks pass that onto its borrowers. Most borrowers are people with mortgages. MMT economist, Professor Bill Mitchell, explains how raising interest rates helps to widen the ever-increasing wealth divide in Australia. A pretty good trick if you want to undermine your middle class and pound on your working classes. Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck Balrog Boogie, by Diablo Swing Orchestra (I Can't Get No) Satisfaction, by Devo

If eco-socialism is the bank heist, then MMT is the blueprints of the bank, showing vaults, ventilation shafts, exits, etc. Then why do some eco-socialists appear so disinterested in MMT?Maybe the blueprints don't matter when what you really want to do is blow up the bank.What does MMT have to offer radicals? Can MMT offer itself as a tool for system change, or can it only tinker around the edges? What's the point of economic reforms that will eventually get rolled back anyway? With attendees of Melbourne's Eco-Socialism 2023 conference, and in a follow up conversation with Jacob Andrewartha of 3CR's Green Left Radio, we take a look at these vexing questions.Show Notesconference: Ecosocialism 2023sponsored by 3CR, Socialist Alliance and others Marx in the Anthropocene: Towards the Idea of Degrowth Communism by Kohei Saito (2023), Japanese philosopher and associate professor at the University of Tokyothe book that was written by the keynote speaker of the Melbourne ecosocialism conference. Saito's other book, Capital in the Anthropocene, published in 2020, became an unexpected bestseller in Japan, selling over half a million copies. You could also try episode 236, The Double Objective of Democratic Ecosocialism, at Macro N Cheese with Steve Grumbine, who has a really inspiring conversation with one of our favourite commentators on eco-socialism, Jason Hickel Episode 246, Fiat Socialism - the Convergence with Carlos García Hernández, on Macro N Cheese with Steve Grumbine is also a fascinating discussion on the convergence between MMT and socialism. Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.

James steps in again as Anne continues her well-being break. This episode we explain the intersection between well being and the economy, and what measurements should be used. World famous economist Simon Kuznets, who was the architect of GDP, said, whatever you do, don't use GDP as a measurement of well being. So what did the world do?! Huh? Exactly what you'd expect. James & Kev will introduce far better methods, including Phillip Lawn's, GPI.The Warumpi Band remind us we gotta be strong post referendum.Ed Kuepper keeps the theme music up to standard from his Starstruck album.If you have any feedback please email us at [email protected] for listening and tell your friends.

Anne is taking a break to look after her well being. What is well being? What's it got to do with the economy? James joins Kevin in Anne's place to discuss, because it just so happens he's studying this topic right now.We also give Joni Mitchell a listen. If you have any feedback on the show please email us on: [email protected] MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.