The MMT Podcast with Patricia Pino & Christian Reilly

Patricia and Christian talk to Dr Steven Hail about imports and exports, and the effect they have on a nation's balance sheet, using the sectoral balance framework.

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

Sectoral balance accounting identity: (G - T) = (S - I) + (M - X)

G = government spending

T= taxes paid back to government

S= private savings

I= private investment spending

M= exports

X= imports

Our Episode 64 with John T Harvey on exchange rates: https://www.patreon.com/posts/40518059

Our episode 65 with Phil Armstrong on inflation: https://www.patreon.com/posts/40672678

Bill Mitchell on the external sector: http://bilbo.economicoutlook.net/blog/?p=40433

Videos from the Sustainable Prosperity Conference in Adelaide 2020: https://www.youtube.com/channel/UCOa-eNvDrPWp_-7QnLGwZNQ/videos

Sustainable prosperity action group website: https://www.sustainable-prosperity.net.au/?fbclid=IwAR2bFeGKYODjinrrzcJKlHrpT-Bs18NyyxkY1miYmvGl-avC70aLBw42VjA

Australian Unemployed Workers Fight Back Podcast: https://unemployedworkersunion.com/fight-back-radio/

Modern Money Australia: https://modernmoneyaustralia.org

Transcript for opening monologue: https://www.patreon.com/posts/43048015

Show notes: https://www.patreon.com/posts/43043601

Author and MMT Scholar Phil Armstrong in conversation with MMT co-founder Warren Mosler. 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 with Warren Mosler: https://www.patreon.com/posts/42918786

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

Our episode 59, where Warren talks about interest rates: https://www.patreon.com/posts/39070023

Our episode 50, with an explanation of why bond sales are a reserve drain: https://www.patreon.com/posts/36846931

Warren's free book, Seven Deadly Innocent Frauds Of

Economic Policy: https://www.moslereconomics.com/wp-content/powerpoints/7DIF.pdf

Warren's mandatory readings: https://moslereconomics.com/mandatory-readings/

Transcript for opening monologue: https://www.patreon.com/posts/42972027

Patricia and Christian talk with the host of Physical Attraction podcast Thomas Hornigold about how they came to MMT.

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

Transcript for opening monologue: https://www.patreon.com/posts/42723873

Patricia and Christian talk to the hosts of Money On The Left podcast Maxx Seijo and Scott Ferguson about mesoeconomics and the Uni Currency Project.

Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

Money On The Left Podcast: https://mronline.org/money-on-the-left/

Superstructure Podcast: https://podcasts.apple.com/us/podcast/superstructure/id1509809243

For an intro to MMT, listen to our first three episodes: https://www.patreon.com/posts/41742417

Scott on Twitter: https://twitter.com/videotroph

Maxx on Twitter: https://twitter.com/MaxSeijo

Our episode 17 with Scott on MMT and Marxism: https://www.patreon.com/posts/41806295

The Uni Currency Project: Democratic Finance for Public Higher Education After COVID-19: http://www.global-isp.org/working-paper-no-128/

More on Mesoeconomics: https://en.wikipedia.org/wiki/Mesoeconomics

Warren Mosler on the Buckaroo in our episode 20: https://www.patreon.com/posts/28004824

Warren writing on the Buckaroo:

http://moslereconomics.com/2011/09/19/the-umkc-buckaroo-a-curreny-model-for-world-prosperity/

More on the Denison Dollar: https://www.youtube.com/watch?v=vSQ6POEV86U

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

Transcript for opening monologue: https://www.patreon.com/posts/42552817

Patricia and Christian talk to author and digital rights advocate Cory Doctorow about his new book, Attack Surface, and where his work intersects with economics, and also about the importance of the work of David Graeber.

Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

Support Cory's "Attack Surface" Audiobook Kickstarter: https://www.kickstarter.com/projects/doctorow/attack-surface-audiobook-for-the-third-little-brother-book

Cory's podcast, with a big excerpt from "Attack Surface" and a continuing series of "Someone Comes to Town, Someone Leaves Town" read by Cory: http://feeds.feedburner.com/doctorow_podcast

Cory's Daily Blog: https://pluralistic.net

All our episodes with Cory: https://www.patreon.com/posts/41970049

For an intro to MMT, listen to our first three episodes: https://www.patreon.com/posts/41742417

Bill Mitchell on the Job Guarantee: http://bilbo.economicoutlook.net/blog/?p=40464 , http://bilbo.economicoutlook.net/blog/?p=3737

Our Job Guarantee episodes:

Ep 4 with Fadhel Kaboub: https://www.patreon.com/posts/41742701

Ep 47 with Pavlina Tcherneva: https://www.patreon.com/posts/36034543

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

Read about opposition to the NHS at the planning stage:

https://www.independent.co.uk/life-style/health-and-families/features/the-birth-of-the-nhs-856091.html

https://www.nationalarchives.gov.uk/cabinetpapers/alevelstudies/origins-nhs.htm

Read about The Philip Cross affair: https://www.craigmurray.org.uk/archives/2018/05/the-philip-cross-affair/

Transcript for opening monologue: https://www.patreon.com/posts/42042235

Author and MMT Scholar Phil Armstrong in conversation with MMT co-founder Professor Bill Mitchell. 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/

Listen to the Australian Unemployed Workers Fight Back Podcast: https://unemployedworkersunion.com/fight-back-radio/

More on Bill Mitchell's MMTed facility, which will offer on-line, interactive tuition in Modern Monetary Theory with leading proponents of MMT: http://www.mmted.org

For an intro to MMT, listen to our first three episodes: https://www.patreon.com/posts/41742417

Our Bill Mitchell episodes: https://www.patreon.com/posts/42072816

Our Phil Armstrong episodes: https://www.patreon.com/posts/42072846

Bill Mitchell on the Job Guarantee:

http://bilbo.economicoutlook.net/blog/?p=40464

http://bilbo.economicoutlook.net/blog/?p=3737

Bill Mitchell on the European Union and Brexit:

http://bilbo.economicoutlook.net/blog/?p=33876

Transcript for opening monologue: https://www.patreon.com/posts/42076057

Part 2: Patricia and Christian talk 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

Our first three episodes: https://www.patreon.com/posts/41742417

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

Our episodes with Sam Levey about War Bonds:

Episode 32: https://www.patreon.com/posts/30005574

Episode 33: https://www.patreon.com/posts/30112818

Stephanie Kelton's "green dollar, yellow dollar" explanation of government bonds (but in pink!) starts at 19:49: https://youtu.be/c6ss3p4jjI4

Dr Steven Hail's introductory article, "Explainer: what is modern monetary theory?": https://theconversation.com/explainer-what-is-modern-monetary-theory-72095

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

Seven Deadly Innocent Frauds Of Economic Policy by Warren Mosler: http://www.moslereconomics.com/wp-content/powerpoints/7DIF.pdf

Our two-part interview with Warren Mosler:

https://www.patreon.com/posts/28004824

https://www.patreon.com/posts/28142083

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

Part 1 of our Unpacking The Deficit Myth series: https://www.patreon.com/posts/39964869

Transcript for opening monologue: https://www.patreon.com/posts/41893376

Patricia and Christian talk to author and MMT scholar Phil Armstrong about inflation, hyperinflation, the gold standard, John Maynard Keynes' Bancor plan and more.

Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

Phil's recent presentation - The Post-Covid Economy: https://www.patreon.com/posts/40249996

Phil's book, Can Heterodox Economics Make a Difference? will be available in November: https://www.e-elgar.com/shop/gbp/catalogsearch/result/?q=armstrong

Our other episodes with Phil: https://www.patreon.com/posts/36619334 https://www.patreon.com/posts/36846931

Phil talks about the Ruhr Valley, the industrial region of Germany which was invaded and occupied by French and Belgian troops from 1921 to 1925 as a reprisal for Germany failing to fulfil World War I reparation payments. More here: https://en.wikipedia.org/wiki/Occupation_of_the_Ruhr

Phil talks about the ERM (European Exchange Rate Mechanism), which locked together the various currencies of what were to become the Eurozone member nations at fixed or semi-pegged exchange rates. More here: https://en.wikipedia.org/wiki/European_Exchange_Rate_Mechanism

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

Transcript for opening monologue: https://www.patreon.com/posts/40672579

Author and Cowboy Economist Professor John T Harvey gives a presentation on exchange rate theory. Event organised by Modern Money Australia.

Video of this event: https://www.youtube.com/watch?v=1bypu9wnLuA

Modern Money Australia website (join mailing list for updates): https://modernmoneyaustralia.org

Sign up for the next online Modern Money Australia event, "Solving unemployment in a Covid-19 world": https://www.eventbrite.com.au/e/solving-unemployment-in-a-covid-19-world-tickets-116846624399?aff=ebdssbonlinesearch

Our episode 41 with Steven Hail explaining some of the mechanics of the foreign exchange market: https://www.patreon.com/posts/32695528

Our episodes 18, 19, 42, 57 and 58 and with John T Harvey: https://pileusmmt.libsyn.com/18-john-t-harvey-macroeconomics-done-properly-part-1, https://www.patreon.com/posts/27838781, https://www.patreon.com/posts/33460238 , https://www.patreon.com/posts/38637864, https://www.patreon.com/posts/38826846

Support this podcast: https://www.patreon.com/MMTpodcast

Transcript for opening monologue: https://www.patreon.com/posts/40518138

Author and MMT scholar Phil Armstrong gives a presentation on MMT basics and applies the insights to economic challenges ahead. Event organised by the Gower Initiative For Modern Money Studies.

Support The Gower Initiative For Modern Money Studies (GIMMS): https://gimms.org.uk/donate/

Support this podcast: https://www.patreon.com/MMTpodcast

Our episodes on understanding government bonds: https://www.patreon.com/posts/29621245

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

Our episodes with Phil Armstrong: https://www.patreon.com/posts/36619334

https://www.patreon.com/posts/36846931

Bill Mitchell on his meeting with John McDonnell: http://bilbo.economicoutlook.net/blog/?p=40562

Transcript for opening monologue:

https://www.patreon.com/posts/40250343