For currency-issuing governments, taxes for revenue are obsolete, so what *are* they for? Patricia & Christian talk to economist and author Dr Dirk Ehnts about the role of taxation in modern money systems, banking regulation, inflation, new eurozone fiscal rule proposals, and more.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European...

Christian talks to Edward Cornell Professor of Law, public finance consultant, and author of “Financing The Green New Deal” Robert Hockett about the recent collapses in the banking system and how to make banks work for people, rather than the other way around.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     Order “The Citizens' Ledger: Digitizing Our Money, Democratizing Our Finance” by Robert...

Patricia & Christian talk to Associate Professor of Economics at Franklin & Marshall college Yeva Nersisyan about ensuring the sustainability of Social Security (state pensions) with this one not-so-weird trick that unmitigatedly works for all other types of government spending.   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...

Patricia and Christian talk to award-winning economist and author of “Making Money Work For Us” Professor L. Randall Wray about how central banks use [checks notes] *vibes* to “anchor inflation expectations”, why it keeps failing, and what might work instead.    Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     Order “Making Money Work for Us” by L. Randall Wray:...

Patricia and Christian talk to MMT founder Warren Mosler about the recent collapse of Silicon Valley Bank and more.   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): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   Free tickets for the launch of “Modern Monetary Theory - Key...

Christian talks to economist and author Dr Phil Armstrong about what’s likely to be missing from coverage of the UK budget this week and what functional fiscal policy might look like.   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): ...

Patricia & Christian talk to Stuart Medina Miltimore, economist and founder of the Spanish advocacy group Red MMT about his chapter (co-written with Bill Mitchell) in the major new academic collaboration “Modern Monetary Theory - Key Insights, Leading Thinkers”, which lays out how the euro has driven austerity and the depoliticisation of European democracies.   Whether they know it or not, currency union members (and prospective members) have a choice: status quo, reform, or exit?...

What is money, where does it come from and why is it important?   Patricia & Christian talk to award-winning primary MMT academic Professor L. Randall Wray about his latest book “Making Money Work For Us” and his part in the new academic collaboration “Modern Monetary Theory - Key Insights, Leading Thinkers.”   Also in this episode: What are taxes for? Where do commercial banks fit in? And what is “doing MMT”?   Please help sustain this podcast! Patrons get early access to all...

Part 5: Patricia and Christian continue their conversation about Stephanie Kelton’s best-seller The Deficit Myth.   In this episode: what does it mean for a nation to “win” or “lose” at trade?   As the global 99% are pitted against each other in an increasingly gigified international job market, who’s “we” and what is “winning”?   In an effort to dodge their responsibility for domestic unemployment, politicians have become very adept at mesmerising electorates with trade three-card...

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...

With expert guidance from economist and “MMT Essentials” author, Dr Dirk Ehnts, Patrica and Christian fill the gaps in reporting on the World Economic Forum’s annual greenwashing festival in Davos, where critics of the Biden administration’s kitten-weak climate bill (the Inflation Reduction Act) warn it gives *too much* assistance to green initiatives. And, as US Republican efforts are underway to cancel already-appropriated federal spending with yet another mendaciously confected debt...

Patrica and Christian talk to economist and co-author of the just-published “Modern Monetary Theory - Key Insights, Leading Thinkers” Dr Phil Armstrong about why mainstream economists think unemployment is good, why Rishi Sunak and Keir Starmer’s proposals to make the UK more prosperous by starving it of investment might be misguided, and what useful economics might look like.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes:...

MMT founder Warren Mosler answers listeners’ questions on topics including: how governments spend, the role of taxation, government bond issuance, central banking, commercial banking, interest rates, exchange rates, inflation, the NHS, the MMT Job Guarantee, the Eurozone and more.   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: Our first three episodes:...

Patricia and Christian talk to economist and author Dr Dirk Ehnts about the false-but-folksy economic premises behind Chancellor Jeremy Hunt’s Autumn Statement, the difference between currency users and currency issuers, why government borrowing isn’t really borrowing, why taxes are important (but not for the reasons many think) and help climate envoy John Kerry discover which government in the world has trillions of dollars.   Please help sustain this podcast! Patrons get early access to...

In anticipation of Chancellor Jeremy Hunt’s Autumn Statement, Patricia and Christian talk to economist and author Dr Phil Armstrong about currency crises, inflation, the shortcomings of monetary policy, the national (so-called) debt, the Office for Budget “Responsibility”, and what economic opposition might look like.   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: Our first...

Patricia and Christian talk to financial consultant and author Brian Romanchuk about how the UK’s recent pension fund crisis impacted  the gilt and mortgage markets, the significance of currency price shifts, banks as credit risk intermediaries, the Swedish Central Bank’s Prize in Economic Sciences, and what to do about so-called “bond vigilantes”.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   ...

Edited highlights of Professor Yeva Nersisyan’s presentation on financing the Green New Deal from this year’s Levy Economics Institute Summer Seminar.   Video of this event: https://youtu.be/6qZNN96Ggs8     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: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money:...

Patricia and Christian talk about Jeremy Hunt’s appointment as UK chancellor and his upcoming medium-term fiscal plan.   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: 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:...

Edited highlights of Professor Pavlina Tcherneva’s presentation on the MMT Job Guarantee from this year’s Levy Economics Institute Summer Seminar.   Video of this event: https://youtu.be/zzqVCiUw7L4     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: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money:...

Patricia and Christian talk to economist and author Dr Dirk Ehnts about the ongoing fallout from UK Chancellor Kwasi Kwarteng’s mini-budget, exchange rates, bond yields, the mechanics of the Eurozone payments system, and the push-pull relationship between commerce and governance.   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: Our first three episodes:...

Patricia and Christian talk to economist and author Dr Phil Armstrong about Trussonomics and UK Chancellor Kwasi Kwarteng’s recent “fiscal event”.   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: 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...

Edited highlights of Professor John T Harvey’s presentation on exchange rate determination and what his insights mean for progressive policies (such as the MMT Job Guarantee) at this year’s Levy Institute MMT summer seminar.   Video of this event: https://youtu.be/kSyme-ak32s   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: Our first three episodes:...

Patricia and Christian talk to MMT founder Warren Mosler about the MMT view of interest rates, the Inflation Reduction Act, and some recent New York Times coverage of Warren’s ideas.   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: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money:...

Edited highlights from Harvard Kennedy School research fellow Paul Sheard’s presentation on quantitative easing at the Levy Economics Institute’s recent summer seminar.   Video of this event: https://youtu.be/0MrWQvvGAZM   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: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks...

Part 4: Patricia and Christian continue their conversation about Stephanie Kelton’s best-seller The Deficit Myth. In this conversation: the government’s red ink is our black ink, and how the notion that government bond issuance “crowds out” private sector investment is inapplicable to a floating exchange rate currency.   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: Our first...