The MMT Podcast with Patricia Pino & Christian Reilly

Part 3: Patricia and Christian talk with the host of Physical Attraction podcast Thomas Hornigold about environmental policy, the Euro, monetary sovereignty, and the implications of MMT as they see it.

Part 1 of this conversation: https://www.patreon.com/posts/42722165

Part 2 of this conversation: https://www.patreon.com/posts/45756021

Please help sustain this podcast!

Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

Support Thomas' Physical Attraction podcast: https://www.patreon.com/physicalattraction

For an intro to MMT:

Listen to our first three episodes: https://www.patreon.com/posts/41742417

All our episodes in chronological order: https://www.patreon.com/posts/43111643

Quick read describing MMT: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095

Overview of chartalism (the "taxes drive money" framework): https://en.wikipedia.org/wiki/Chartalism

Sign up for Professor Bill Mitchell's course "Modern Monetary Theory: Economics for the 21st Century": https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century

Transcript for opening monologue: https://www.patreon.com/posts/48816854

We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

Show notes: https://www.patreon.com/posts/48816832

MMT co-founder Bill Mitchell and Job Guarantee expert Pavlina Tcherneva talk with the team at Modern Money Australia about lessons learned from the Covid crisis and a new way forward.

Please help sustain this podcast!

Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

Support Modern Money Australia: https://sustainable-prosperity.net.au/about/https://modernmoneyaustralia.org/

For an intro to MMT:

Listen to our first three episodes: https://www.patreon.com/posts/41742417

All our episodes in chronological order: https://www.patreon.com/posts/43111643

All of our episodes with Bill Mitchell: https://www.patreon.com/posts/42072816

All of our episodes with Pavlina Tcherneva: https://www.patreon.com/posts/44405631

Our Job Guarantee episodes: https://www.patreon.com/posts/44722328

MMT-Informed Campaigns & Organisations Worldwide: https://www.patreon.com/posts/47900757

Our episodes with Bill Mitchell on Training The Trainers:

Episode 35: https://www.patreon.com/posts/30605693

Episode 36: https://www.patreon.com/posts/30789543

A Quick overview of how the JG works as a macroeconomic stabiliser: https://en.wikipedia.org/wiki/NAIBER

Books by Professor Bill Mitchell: http://www.billmitchell.org/

Pavlina Tcherneva's book, The Case For A Job Guarantee: https://politybooks.com/bookdetail/?isbn=9781509542093&subject_id=4&tag_id=49

Pavlina Tcherneva's Job Guarantee FAQ: https://www.pavlina-tcherneva.net/job-guarantee-faq

Sign up for Professor Bill Mitchell's course "Modern Monetary Theory: Economics for the 21st Century": https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century

A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455

A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757

Transcript for opening monologue: https://www.patreon.com/posts/48523897

We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

Show notes: https://www.patreon.com/posts/48523726

Economist and best-selling author Professor Stephanie Kelton talks with Gabrielle Bond and Dr Steven Hail of the Sustainable Prosperity Action Group.

Please help sustain this podcast!

Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

Support the Sustainable Prosperity Action Group: https://sustainable-prosperity.net.au/about/

For an intro to MMT:

Listen to our first three episodes: https://www.patreon.com/posts/41742417

All our episodes in chronological order: https://www.patreon.com/posts/43111643

All of our episodes with Steven Hail: https://www.patreon.com/posts/43083051

Our Unpacking The Deficit Myth series: https://www.patreon.com/posts/47191289

Our episode 47 with Pavlina Tcherneva laying out the Job Guarantee: https://www.patreon.com/posts/36034543

Maastricht and All That by Wynne Godley: https://gimms.org.uk/2020/07/19/maastricht-and-all-that/

Curried EMU - the meal that fails to nourish by Wynne Godley: https://www.concertedaction.com/2011/11/07/curried-emu/

Can Taxes And Bonds Finance Government Spending? by Stephanie Kelton: http://www.levyinstitute.org/pubs/wp244.pdf

Sign up for "Rethinking Capitalism" April 10th - 11th 2021 (in-person course with Dr Steven Hail at The University of Adelaide: https://sustainable-prosperity.net.au/summer-school/

A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455

A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757

Transcript for opening monologue: https://www.patreon.com/posts/48167110

We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

Show notes: https://www.patreon.com/posts/48165836

Part 2: Patricia and Christian talk to MMT founder Warren Mosler and MMT scholar Dr Phil Armstrong about their recent paper: "Weimar Republic Hyperinflation through a Modern Monetary Theory Lens".

Part 1 of this conversation: https://www.patreon.com/posts/episode-88-phil-47638591

Please help sustain this podcast!

Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

For an intro to MMT:

Listen to our first three episodes: https://www.patreon.com/posts/41742417

All our episodes in chronological order: https://www.patreon.com/posts/43111643

All of our episodes with Warren Mosler: https://www.patreon.com/posts/42918786

All of our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846

Some of our other episodes with Warren Mosler which deal with inflation, interest rates and central bank policy:

Episode 59: What Do Central Banks Do?: https://www.patreon.com/posts/39070023

Episode 80: MMT Holiday Special (part 1): https://www.patreon.com/posts/45281376

Episode 81: MMT Holiday Special (part 2): https://www.patreon.com/posts/episode-81-mmt-2-45555840

Our episode 65 with Phil Armstrong on inflation (more on Paul Volcker as Fed chair in the intro): https://www.patreon.com/posts/40672678

Our episode 47 with Pavlina Tcherneva explaining the Job Guarantee: https://www.patreon.com/posts/36034543

Our episode 55 with Dr Dirk Ehnts on MMT in the context of the Eurozone: https://www.patreon.com/posts/38252014

Our episodes with Sam Levey that touch on the forward pricing channel:

Episode 43: https://www.patreon.com/posts/35073683

Episode 76: https://www.patreon.com/posts/43697752

Episode 77: https://www.patreon.com/posts/43886189

Weimar Republic Hyperinflation through a Modern Monetary Theory Lens by Phil Armstrong and Warren Mosler: http://moslereconomics.com/wp-content/uploads/2020/11/Weimar-Republic-Hyperinflation-through-a-Modern-Monetary-Theory-Lens.pdf

Warren Mosler - MMT white paper: https://docs.google.com/document/d/1gvDcMU_ko1h5TeVjQL8UMJW9gmKY1x0zcqKIRTZQDAQ/edit

Michael Hudson - Government Debt and Deficits Are Not the Problem. Private Debt Is: https://michael-hudson.com/2013/03/government-debt-and-deficits-are-not-the-problem-private-debt-is/

Clint Ballinger - Airplane crashes aren't "hyperlandings": https://clintballinger.wordpress.com/2020/04/30/airplane-crashes-arent-hyperlandings-notes-on-zimbabwe/

A Discussion of Central Bank Operations and Interest Rate Policy by Warren Mosler and Phil Armstrong: https://gimms.org.uk/wp-content/uploads/2019/02/Central-Bank-Interest-Rate-Policy-Mosler-Armstrong.pdf

Monopoly Money: The State as a Price Setter by Pavlina R. Tcherneva: http://moslereconomics.com/wp-content/uploads/2018/04/Tcherneva_MonopolyMoney_2002.pdf

Bill Mitchell - Zimbabwe for hyperventilators 101: http://bilbo.economicoutlook.net/blog/?p=3773

Tickets for "An Introduction To Modern Monetary Theory: Reconceptualising The Nature Of Banking" (presentation by Phil Armstrong) on 26th March 2021, organised by Women in Banking and Finance: https://www.wibf.org.uk/events/details/modern-monetary-theory

A list of other upcoming MMT events and courses: https://www.patreon.com/posts/47531455

A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757

Phil Armstrong's book, Can Heterodox Economics Make a Difference?: https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html

Warren Mosler's (free) e-book, Seven Deadly Innocent Frauds Of Economic Policy: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf

Transcript for opening monologue: https://www.patreon.com/posts/47905062

We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

Show notes: https://www.patreon.com/posts/47904999

Part 1: Patricia and Christian talk to MMT founder Warren Mosler and MMT scholar Dr Phil Armstrong about their recent paper: "Weimar Republic Hyperinflation through a Modern Monetary Theory Lens".

Please help sustain this podcast!

Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

For an intro to MMT:

Listen to our first three episodes: https://www.patreon.com/posts/41742417

All our episodes in chronological order: https://www.patreon.com/posts/43111643

All of our episodes with Warren Mosler: https://www.patreon.com/posts/42918786

All of our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846

Some of our other episodes with Warren Mosler which deal with inflation, interest rates and central bank policy:

Episode 59: What Do Central Banks Do?: https://www.patreon.com/posts/39070023

Episode 80: MMT Holiday Special (part 1): https://www.patreon.com/posts/45281376

Episode 81: MMT Holiday Special (part 2): https://www.patreon.com/posts/episode-81-mmt-2-45555840

Our episode 65 with Phil Armstrong on inflation (more on Paul Volcker's policy decisions as Fed chair in the intro): https://www.patreon.com/posts/40672678

Our episode 55 with Dr Dirk Ehnts on MMT in the context of the Eurozone: https://www.patreon.com/posts/38252014

Our episodes with Sam Levey that touch on the forward pricing channel:

Episode 43: https://www.patreon.com/posts/35073683

Episode 76: https://www.patreon.com/posts/43697752

Episode 77: https://www.patreon.com/posts/43886189

Weimar Republic Hyperinflation through a Modern Monetary Theory Lens by Phil Armstrong and Warren Mosler: http://moslereconomics.com/wp-content/uploads/2020/11/Weimar-Republic-Hyperinflation-through-a-Modern-Monetary-Theory-Lens.pdf

A Discussion of Central Bank Operations and Interest Rate Policy by Warren Mosler and Phil Armstrong: https://gimms.org.uk/wp-content/uploads/2019/02/Central-Bank-Interest-Rate-Policy-Mosler-Armstrong.pdf

Monopoly Money: The State as a Price Setter by Pavlina R. Tcherneva: http://moslereconomics.com/wp-content/uploads/2018/04/Tcherneva_MonopolyMoney_2002.pdf

Bill Mitchell - Zimbabwe for hyperventilators 101: http://bilbo.economicoutlook.net/blog/?p=3773

Warren Mosler on Paul Volcker (from 13:25): https://youtu.be/6WSQ20I1Jv4?t=809

Tickets for "An Introduction To Modern Monetary Theory: Reconceptualising The Nature Of Banking" (presentation by Phil Armstrong) on 26th March 2021, organised by Women in Banking and Finance: https://www.wibf.org.uk/events/details/modern-monetary-theory

A list of other upcoming MMT events and courses: https://www.patreon.com/posts/47531455

Phil Armstrong's book, Can Heterodox Economics Make a Difference?: https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html

Warren Mosler's (free) e-book, Seven Deadly Innocent Frauds Of Economic Policy: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf

Transcript for opening monologue: https://www.patreon.com/posts/47638641

We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

Show notes: https://www.patreon.com/posts/47638591

Part 3: Patricia and Christian continue their conversation about Stephanie Kelton's best-seller The Deficit Myth.

Please help sustain this podcast!

Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

For an intro to MMT:

Listen to our first three episodes: https://www.patreon.com/posts/41742417

All our episodes in chronological order: https://www.patreon.com/posts/43111643

Our Unpacking The Deficit Myth Series: https://www.patreon.com/posts/47191289

Our episodes with Steven Hail on understanding government bonds:

Episode 30: https://www.patreon.com/posts/29621245

Episode 31: https://www.patreon.com/posts/29829500

The Bank of England's "Independence" - A Handy Guide: https://www.patreon.com/posts/44617543

A Discussion of Central Bank Operations and Interest Rate Policy by Warren Mosler and Phil Armstrong: https://gimms.org.uk/wp-content/uploads/2019/02/Central-Bank-Interest-Rate-Policy-Mosler-Armstrong.pdf

Some of our episodes with Warren Mosler which deal with inflation, interest rates and central bank policy:

Episode 59: What Do Central Banks Do?: https://www.patreon.com/posts/39070023

Episode 80: MMT Holiday Special (part 1): https://www.patreon.com/posts/45281376

Episode 81: MMT Holiday Special (part 2): https://www.patreon.com/posts/episode-81-mmt-2-45555840

Stephanie Kelton's introduction to MMT: "The Public Purse"

The Deficit Myth reading group questions: https://www.patreon.com/posts/39967940

A quick overview on functional finance: https://en.wikipedia.org/wiki/Functional_finance

Bill Mitchell on Abba Lerner and Functional Finance: http://bilbo.economicoutlook.net/blog/?p=5762

Tickets for "The Deficit Myth and a Green New Deal" (Stephanie Kelton in conversation with Steven Hail) on 24th February 2021:

https://www.trybooking.com/events/landing?eid=711442&fbclid=IwAR0OzXT1ANRDv4L66ZZcg2wN0YNeimhZmYuwvSZI9uuDeIAX3r2q3jBJwd4

Tickets for "MMT and the new social contract: Lessons from Covid-19" (A conversation with Pavlina Tcherneva & Bill Mitchell) on 26th February 2021: https://www.eventbrite.com.au/e/mmt-and-the-new-social-contract-lessons-from-covid-19-tickets-140454277525?utm-medium=discovery&utm-campaign=social&utm-content=attendeeshare&utm-source=strongmail&utm-term=listing

Sign up for Professor Bill Mitchell's online course in March 2021- Modern Monetary Theory: Economics for the 21st Century: https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century

Tickets for "An Introduction To Modern Monetary Theory: Reconceptualising The Nature Of Banking" (presentation by Phil Armstrong) on 26th March 2021, organised by Women in Banking and Finance: https://www.wibf.org.uk/events/details/modern-monetary-theory

Sign up for Steven Hail and the Sustainable Prosperity Action Group's 2-day course in Adelaide April 2021 "Rethinking Capitalism": https://sustainable-prosperity.net.au/summer-school/

Sign up for Dirk Ehnts' online Maastricht University course "Modern Monetary Theory and European Macroeconomics", running from 9th August - 13th August (APPLICATION DEADLINE IS JULY 26TH): https://maastricht.dreamapply.com/courses/course/134-modern-monetary-theory-and-european-macroeconomics?search=34057

Join the Real Progressives Deficit Myth book club every Tuesday at 8:30pm EST: https://zoom.us/webinar/register/WN_VlfZuk_KRZmJzOnGyBna1A

Apply for MMT Summer School in Poznań, Poland 8th-12th September 2021: https://fundacjalipinskiego.pl/wydarzenia/mmt-summer-school-2021/

Transcript for opening monologue: https://www.patreon.com/posts/47325405

We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

Show notes: https://www.patreon.com/posts/47325194

Part 2: Patricia and Christian talk to the authors of a groundbreaking new study that details the internal accounting operations of the UK exchequer and the ultimate impact of government spending and taxing on the private sector.

Part 1 of this conversation: https://www.patreon.com/posts/46352183

Please help sustain this podcast!

Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

For an intro to MMT:

Listen to our first three episodes: https://www.patreon.com/posts/41742417

All our episodes in chronological order: https://www.patreon.com/posts/43111643

All our episodes with Neil Wilson: https://www.patreon.com/posts/46352519

Our episode 13 - Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887

Our episode 16, with Andrew Berkeley chatting with Warren Mosler and Tim Rideout in a noisy (sorry!) Glasgow pub: https://www.patreon.com/posts/41806207

Our episode 45 with Steve Keen, which touches on the history of tally sticks: https://www.patreon.com/posts/35701076

Our episode 53 with L. Randall Wray, which also touches on the history of tally sticks: https://www.patreon.com/posts/37728507

Some of the papers from the Bank of England referred to by Andrew are on this thread: https://twitter.com/spatchcockable/status/1353022727993626624

For other material referred to in the conversation, check out the footnotes and references in the paper - An Accounting Model of the UK Exchequer: https://gimms.org.uk/wp-content/uploads/2020/12/An-Accounting-Model-of-the-UK-Exchequer-Google-Docs.pdf

To give constructive feedback on the paper directly, the authors have requested that a group email is best:

[email protected]

[email protected]

[email protected]

Neil Wilson's blog: https://new-wayland.com/blog/#

Sign up for Professor Bill Mitchell's online course - Modern Monetary Theory: Economics for the 21st Century: https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century

Transcript for opening monologue: https://www.patreon.com/posts/46866433

Show notes: https://www.patreon.com/posts/46865929

Author and MMT scholar Phil Armstrong talks to author of "The Case For A Job Guarantee" Professor Pavlina Tcherneva. Event organised by the Gower Initiative For Modern Money Studies.

Please help sustain this podcast:

Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

Support The Gower Initiative For Modern Money Studies (GIMMS):

https://gimms.org.uk/donate/

For an intro to MMT:

Listen to our first three episodes: https://www.patreon.com/posts/41742417

All our episodes in chronological order: https://www.patreon.com/posts/43111643

All our episodes with Phil Armstrong:

https://www.patreon.com/posts/42072846

All our episodes with Pavlina Tcherneva: https://www.patreon.com/posts/44405631

Our episode 43 with Sam Levey on endogenous money: https://www.patreon.com/posts/35073683

Our episode 55 with Dirk Ehnts on completing the Euro: https://www.patreon.com/posts/38252014

Our episode 53 with Professor L. Randall Wray: https://www.patreon.com/posts/37728507

Phil Armstrong's book, Can Heterodox Economics Make a Difference?:

https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html

Pavlina Tcherneva's book, "The Case For A Job Guarantee": https://politybooks.com/bookdetail/?isbn=9781509542093&subject_id=4&tag_id=49

Pavlina's Job Guarantee FAQ: https://www.pavlina-tcherneva.net/job-guarantee-faq

Pavlina's earlier articles on the Covid 19 response:

https://www.project-syndicate.org/commentary/coronavirus-cash-support-job-guarantee-by-pavlina-r-tcherneva-2020-03

http://multiplier-effect.org/what-if-we-nationalized-payroll/

Transcript for opening monologue: https://www.patreon.com/posts/46691515

Show notes: https://www.patreon.com/posts/46691623

Patricia and Christian talk to the authors of a groundbreaking new study that details the internal accounting operations of the UK exchequer and the ultimate impact of government spending and taxing on the private sector.

Please help sustain this podcast!

Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

For an intro to MMT:

Listen to our first three episodes: https://www.patreon.com/posts/41742417

All our episodes in chronological order: https://www.patreon.com/posts/43111643

All our episodes with Neil Wilson: https://www.patreon.com/posts/46352519

Our episode 13 - Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887

Our episode 16, with Andrew Berkeley chatting with Warren Mosler and Tim Rideout in a noisy (sorry!) Glasgow pub: https://www.patreon.com/posts/41806207

Our episodes with Sam Levey on the economics of wartime mobilisation:

https://www.patreon.com/posts/30005574

https://www.patreon.com/posts/30112818

https://www.patreon.com/posts/43886189

An Accounting Model of the UK Exchequer: https://gimms.org.uk/wp-content/uploads/2020/12/An-Accounting-Model-of-the-UK-Exchequer-Google-Docs.pdf

Neil Wilson's blog: https://new-wayland.com/blog/#

Tickets for Pavlina Tcherneva and Phil Armstrong in conversation event on 24th January 2021: https://gimms.org.uk/events/

Sign up for Professor Bill Mitchell's online course - Modern Monetary Theory: Economics for the 21st Century: https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century

Transcript for opening monologue: https://www.patreon.com/posts/46352937

Show notes: https://www.patreon.com/posts/46352183

Author and MMT Scholar Phil Armstrong talks to professor of economics and president of the Global Institute for Sustainable Prosperity Fadhel Kaboub about how MMT insights apply to the global south, colonial reparations, the MMT Job Guarantee contrasted with Universal Basic Income, and much more. Event organised by the Gower Initiative For Modern Money Studies.

Please help sustain this podcast:

Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

Support The Gower Initiative For Modern Money Studies (GIMMS):

https://gimms.org.uk/donate/

For an intro to MMT:

Listen to our first three episodes: https://www.patreon.com/posts/41742417

All our episodes in chronological order: https://www.patreon.com/posts/43111643

All our episodes with Phil Armstrong:

https://www.patreon.com/posts/42072846

All our episodes with Fadhel Kaboub: https://www.patreon.com/posts/43484621

Our episode 4 with Fadhel Kaboub laying out the MMT Job Guarantee: https://www.patreon.com/posts/41742701

Our episode 35a with Fadhel Kaboub talking about MMT in the African context: https://www.patreon.com/posts/31062237

Our episode 5, featuring a discussion of UBI contrasted against the MMT Job Guarantee: https://www.patreon.com/posts/41778696

Phil's Armstrong's book, Can Heterodox Economics Make a Difference?:

https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html

The website of The African Economic and Monetary Sovereignty initiative, includes an open letter to African states and Africa's trading partners: http://mes-africa.org/

Follow the African Economic and Monetary Sovereignty initiative on Twitter: https://twitter.com/Mon_Sovereignty