According to multi award-winning economist Professor James K. Galbraith, the new book, “Modern Monetary Theory: Key Insights, Leading Thinkers” is ‘a landmark in the development of MMT, a boon for “useful” economists - and a profound challenge to all the others.’ Patricia and Christian talk to the architects of this collaboration of leading experts about how governments spend, why it matters, and why moving beyond our culture’s deeply-held but incorrect assumptions about money and its purpose is now key to human survival.     Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers” (2023) here: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html     For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846     Relevant to this episode: The Gower Initiative For Modern Money Studies website: https://gimms.org.uk/ Our interview with Deborah Harrington (a founding member of GIMMS) Episode 96: The Fight For The NHS: https://www.patreon.com/posts/49819223 “Diagrams & Dollars” by JD Alt: https://neweconomicperspectives.org/2014/01/diagrams-dollars-modern-money-illustrated-part-1.html Professor Stephanie Kelton’s “Angry Birds” presentation: https://youtu.be/Q1SMjeuyF-Y “Billy Blog” — Professor Bill Mitchell’s blog: http://bilbo.economicoutlook.net/blog/ Our episodes featuring Bill Mitchell at UK Labour conference events in 2019: Episode 31(a): MMT And The Labour Party: https://www.patreon.com/posts/30204508 Episode 34: MMT And The Green New Deal: https://www.patreon.com/posts/30429854 “An Accounting Model of the UK Exchequer” by Neil Wilson, Andrew Berkley and Richard Tye: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/ Our interview with the authors of “An Accounting Model of the UK Exchequer”: Episode 84 (Part 1): https://www.patreon.com/posts/46352183 Episode 86 (Part 2): https://www.patreon.com/posts/46865929  Episode 155, where Phil Armstrong talks briefly about his chapter in “Modern Monetary Theory: Key Insights, Leading Thinkers”: https://www.patreon.com/posts/77409078?pr=true Professor John T. Harvey’s lecture on MMT and exchange rates - Episode 145: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy”: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf   Quick MMT reads: Warren’s Mosler’s MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail’s quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/   For a short, non-technical, free ebook explaining MMT, download MMT founder Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf     Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard