Part 2: Christian talks to Dr Phil Armstrong about his recent paper: “History and origin of money in MMT and Austrian Economics: The difference methodology makes?”   Part 1: https://www.patreon.com/posts/102761654?pr=true   Full conversation available here: https://www.patreon.com/posts/95846517?pr=true   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767     LIVE EVENTS! July 15-17 Inaugural UK Modern Monetary Theory Conference (Leeds, UK): https://mmtconference.uk/conference2024/ August 19th - 23rd Dirk Ehnts’ Maastricht University Modern Monetary Theory and European Macroeconomics course (application deadline 19th July): https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics August  27-29 MMT Summer school (Poznan, Poland): https://fundacjalipinskiego.pl/wydarzenia/mmt-4th-summer-school-in-poznan/ August  30 - September 2nd, 4th European MMT Conference (Berlin, Germany) no details published yet, but updates will be here: https://www.pufendorf-gesellschaft.org/ Updates on worldwide screenings of the documentary “Finding The Money” can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of “Finding The Money”, apply here: https://findingmoneyfilm.com/host-a-screening/   STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab’s online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/     Relevant to this episode: “History and origin of money in MMT and Austrian Economics: The difference methodology makes?” by Phil Armstrong: http://www.paecon.net/PAEReview/issue105/Armstrong105.pdf “Can Heterodox Economics Make a Difference?” by Phil Armstrong: https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html Phil is co-author of “Modern Monetary Theory - Key Insights, Leading Thinkers” - order here: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html Our episode with Richard Tye on the evolution of the BoE “The Bank of England - The Prequel”: https://pileusmmt.libsyn.com/167-richard-tye-the-bank-of-england-the-prequel Introduction to ergodicity: https://taylorpearson.me/ergodicity/   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   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 Quick explanation of government debt and deficit: “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 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 Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson