Part 1: Christian talks to Dr Phil Armstrong about his recent paper: “History and origin of money in MMT and Austrian Economics: The difference methodology makes?”

 

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!

• June 17-21 Bard College Summer Workshop in Public Finance and Economic Policy (online) applications close 30th April: https://edi.bard.edu/programs/osun-summer-workshop/
• July 15-17 Inaugural UK Modern Monetary Theory Conference (Leeds, UK): https://gimms.org.uk/2024/03/04/final-call-for-papers-uk-mmt-conference-deadline-extended/
• August 19th - 23rd Dirk Ehnts’ Maastricht University Modern Monetary Theory and European Macroeconomics course: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics
• August  27-29 MMT Summer school (Poznan, Poland) - no details published yet, but updates will be here: https://fundacjalipinskiego.pl/
• 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: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 

 

 

Episodes 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: https://www.patreon.com/posts/59856379
• Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558

 

Our Job Guarantee episodes:

• Episode 4 - Fadhel Kaboub: What is the Job Guar