What every voter needs to know: Patricia and Christian talk to economist and author of “MMT: A Simple Guide to the Monetary System”, Dr Dirk Ehnts about the upcoming UK election and what’s missing from media coverage.   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.mmtconference.eu/ 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: “MMT: A Simple Guide to the Monetary System” by Dirk Ehnts: https://www.amazon.co.uk/Modern-Money-Theory-Professional-Organizations/dp/3031535367/ For more on how commercial banks fit into the credit creation system, listen to episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 and episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 For more on the consensus among MMT economists on a permanent Zero Interest Rate Policy (ZIRP) for interbank lending, listen to Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Explainer on how central banks achieve their target interest rate via a “corridor” or “floor” system: https://www.rba.gov.au/education/resources/teacher-updates/bridging-the-textbook-gaps-on-how-the-rba-implements-monetary-policy/?ref=aussienomics.com Video explainer of the above: https://youtu.be/eTNUh8NW7QI?si=eqfAukidQyel6Sl_ Recent update on the Reserve Bank of Australia’s interest-rate targeting regime: https://www.rba.gov.au/speeches/2024/sp-ag-2024-04-02.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   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