The MMT Podcast with Patricia Pino & Christian Reilly

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 ceiling drama, the discussion emphasises the importance of understanding the difference between your debt and the government’s so-called “debt”.

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: https://www.patreon.com/posts/43111643

All our episodes with Dirk Ehnts: https://www.patreon.com/posts/44467243

Dirk Ehnts’ website: https://www.dirk-ehnts.de/

Dirk Ehnts on Twitter: https://twitter.com/DEhnts

Relevant to this episode:

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 more on the interplay between commercial bank money (deposits) and central bank money (reserves), listen to our Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318

For more on the Job Guarantee as buffer-stock policy to achieve superior price stability to our current system, listen to our episode 125 - Sam Levey: Monopoly, Monopsony, And What To Do About Them: https://www.patreon.com/posts/61954971

Apply for Dr Dirk Ehnts’ Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th): https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics

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

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

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 &a...

Patricia and Christian talk to MMT scholar and Deficit Owl Sam Levey about recent press coverage of MMT and the late David Graeber’s Bulls**t Jobs.

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

All our episodes in chronological order: https://www.patreon.com/posts/43111643

All our episodes with Sam Levey: https://www.patreon.com/posts/43189679

Our two-part interview with the authors of An Accounting Model Of The UK Exchequer:

Part 1: https://www.patreon.com/posts/46352183

Part 2: https://www.patreon.com/posts/46865929

An Accounting Model of the UK Exchequer by Andrew Berkeley, Richard Tye & Neil Wilson: https://gimms.org.uk/wp-content/uploads/2021/02/An-Accounting-Model-of-the-UK-Exchequer-2nd-edition.pdf

Saving And Investment By Degrees by Sam Levey: https://slevey087.medium.com/saving-and-investment-by-degrees-6ec2a050c5f0

To Fight Bullshit Jobs, Run The Economy Really Hot by Sam Levey: https://slevey087.medium.com/to-fight-bullshit-jobs-run-the-economy-really-hot-f11206e024b1

Warren Mosler’s talk in Chianciano, Italy, January 11, 2014: http://neweconomicperspectives.org/2014/01/beyond-euro-left-crisis-alternative.html

Details about the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu

A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455

A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757

We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

Show notes: https://www.patreon.com/posts/52411206

MMT co-founder Bill Mitchell and Job Guarantee expert Pavlina Tcherneva talk with the team at Modern Money Australia about lessons learned from the Covid crisis and a new way forward.

Please help sustain this podcast!

Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

Support Modern Money Australia: https://sustainable-prosperity.net.au/about/https://modernmoneyaustralia.org/

For an intro to MMT:

Listen to our first three episodes: https://www.patreon.com/posts/41742417

All our episodes in chronological order: https://www.patreon.com/posts/43111643

All of our episodes with Bill Mitchell: https://www.patreon.com/posts/42072816

All of our episodes with Pavlina Tcherneva: https://www.patreon.com/posts/44405631

Our Job Guarantee episodes: https://www.patreon.com/posts/44722328

MMT-Informed Campaigns & Organisations Worldwide: https://www.patreon.com/posts/47900757

Our episodes with Bill Mitchell on Training The Trainers:

Episode 35: https://www.patreon.com/posts/30605693

Episode 36: https://www.patreon.com/posts/30789543

A Quick overview of how the JG works as a macroeconomic stabiliser: https://en.wikipedia.org/wiki/NAIBER

Books by Professor Bill Mitchell: http://www.billmitchell.org/

Pavlina Tcherneva’s book, The Case For A Job Guarantee: https://politybooks.com/bookdetail/?isbn=9781509542093&subject_id=4&tag_id=49

Pavlina Tcherneva’s Job Guarantee FAQ: https://www.pavlina-tcherneva.net/job-guarantee-faq

Sign up for Professor Bill Mitchell’s course “Modern Monetary Theory: Economics for the 21st Century”: https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century

A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455

A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757

Transcript for opening monologue: https://www.patreon.com/posts/48523897

We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

Show notes: https://www.patreon.com/posts/48523726

Patricia and Christian talk to author, public finance consultant, and Professor of Law Robert Hockett about his proposal to tame speculative bubbles and put public capital back to public use.

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

All our episodes in chronological order: https://www.patreon.com/posts/43111643

All our episodes with Robert Hockett: https://www.patreon.com/posts/63228139

Building Banks Better: A Plan to Put Public Capital Back to Public Use by Robert Hockett: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4023614

Fine-Tuning Monetary Easing, Part 2: The Fed’s New Chicago Trading Capacity by Robert Hockett: https://www.forbes.com/sites/rhockett/2022/01/31/fine-tuning-monetary-easing-part-2-the-feds-new-chicago-trading-capacity/?sh=33ff44a3318d

Money from Nothing: Or, Why We Should Stop Worrying About Debt and Learn to Love the Federal Reserve by Robert Hockett and Aaron James: https://www.amazon.co.uk/Money-Nothing-Worrying-Federal-Reserve/dp/B08FLQK2YF/ref=sr_1_1?crid=KT51L5RY6QZ6&keywords=robert+hockett&qid=1646152833&s=books&sprefix=Robert+Hockett%2Cstripbooks%2C70&sr=1-1

Financing the Green New Deal: A Plan of Action and Renewal by Robert Hockett: https://www.amazon.co.uk/Financing-Green-New-Deal-Renewal/dp/3030484491/ref=sr_1_3?crid=KT51L5RY6QZ6&keywords=robert+hockett&qid=1646152833&s=books&sprefix=Robert+Hockett%2Cstripbooks%2C70&sr=1-3

More on inflation:

Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678

Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835

Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379

A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757

Levy Economics Institute of Bard College 2022 Summer Seminar: https://www.levyinstitute.org/news/summer-seminar-2022

We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

Show notes: https://www.patreon.com/posts/63227310

Patricia and Christian talk to economist and president of the Global Institute For Sustainable Prosperity, Professor Fadhel Kaboub about some of the events featured at this year’s World Economic Forum summit in Davos.

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

And 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

Fadhel Kaboub’s work: http://www.global-isp.org/president/

Fadhel on Twitter: https://twitter.com/FadhelKaboub

All our episodes with Fadhel Kaboub: https://www.patreon.com/posts/43484621

For more on the Edward Lipiński Foundation’s MMT Summer School in Poznań, Poland (10th - 14th August 2022): https://fundacjalipinskiego.pl/wydarzenia/mmt-summer-school-2022/

Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/

More 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

“An Accounting Model of the UK Exchequer – 2nd edition” by Andrew Berkeley, Richard Tye & Neil Wilson: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/

Our episodes about “An Accounting Model of the UK Exchequer”:

Part 1: https://www.patreon.com/posts/46352183

Part 2: https://www.patreon.com/posts/46865929

On digital currency

Rohan Grey’s writing: https://rohangrey.net/writing/

Our Rohan grey episodes: https://www.patreon.com/posts/43558419

Full list of World Economic Forum panels: https://www.weforum.org/events/world-economic-forum-annual-meeting-2022/programme

Panel - The View from Capitol Hill: https://www.weforum.org/events/world-economic-forum-annual-meeting-2022/sessions/the-view-from-capitol-hill

Panel - What Next for Global Growth? (featuring Mariana Mazzucato): https://www.weforum.org/events/world-economic-forum-annual-meeting-2022/sessions/aligning-on-new-approaches-to-economic-policy-making

Panel - The Four-Day Week: Necessity or Luxury?: https://www.weforum.org/events/world-economic-forum-annual-meeting-2022/sessions/the-four-day-week-necessity-or-luxury

More on inflation:

Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508

Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678

Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835

Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: