Pocket Change

Pavlina R. Tcherneva, Ph.D., is Associate Professor and Chair at the Department of Economics at Bard College. She is also a Research Associate at the Levy Economics Institute, and a Senior Research Scholar the Center for Full Employment and Price Stability. In this episode, Adam and Pavlina discuss the ins and outs of the job guarantee proposal.

Tyler Emerson is the host of Good Ancestry, the podcast for aspiring good ancestors. In this episode, Adam and Tyler discuss critiques of MMT, the state of the conversation around it, and advocacy.  

Robert Hockett is a lawyer, law professor, and policy advocate. He is Edward Cornell Professor of Law at Cornell Law School, Professor of Public Affairs at Cornell University, Senior Counsel at Westwood Capital, LLC, and a Fellow at The Century Foundation. In this episode, Bob and Adam discuss the history and future (including cryptocurrency) of money and banking in the United States.

Robert Hockett is a lawyer, law professor, and policy advocate. He is Edward Cornell Professor of Law at Cornell Law School, Professor of Public Affairs at Cornell University, Senior Counsel at Westwood Capital, LLC, and a Fellow at The Century Foundation. In this episode, Bob and Adam discuss his views on MMT and how MMT fits into various institutions like central banks, economics departments, and governments.

Fadhel Kaboub is an Associate Professor of economics at Denison University and President of the Binzagr Institute for Sustainable Prosperity. In this episode, Adam and Fadhel discuss Fadhel's work at the Binzagr Institute and how adopting MMT-informed policies can help both developing nations and the United States.  The Binzagr Institute for Sustainable Prosperity is an independent public policy think-tank dedicated to the promotion of interdisciplinary research in the service of an improved quality of life for all members of society. We believe that providing decent employment opportunities for everyone ready, willing and able to work at a socially established living wage is an institutional prerequisite for social justice and sustainable prosperity. “Sustainable prosperity” is conceived here holistically, to encompass the physical, mental, environmental, financial, educational and civic wellbeing of all individuals, families, neighborhoods, and regions throughout the world.

Warren Mosler is one of the founding thinkers/economists behind Modern Monetary Theory. In this episode, Adam and Warren discuss Warren's background, the state of the American economy, the economic effects of Medicare for All, and Trump's tax & trade policies. Warren's two books (Soft Currency Economics and The Seven Deadly Innocent Frauds of Economic Policy) are must-reads for anyone looking to learn MMT. He also posts regularly on his website (moslereconomics.com) and Twitter (@wbmosler).  About Warren: An entrepreneur and financial professional, Warren Mosler has spent the past 40 years gaining an insider’s knowledge of monetary operations. He co-founded AVM, a broker/dealer providing advanced financial services to large institutional accounts and the Illinois Income Investors (III) family of investment funds in 1982, which he turned over to his partners at the end of 1997. He began his career after graduating from the University of Connecticut with a B.A. in Economics in 1971 and has been deeply involved in the academic community, giving presentations at conferences around the world and publishing numerous articles in economic journals, newspapers, and periodicals.

Steve Larchuk is a veteran trial lawyer and historian from just outside of Pittsburgh, PA. Steve first learned about MMT a few years ago when he happened to meet Warren Mosler. He became so interested in MMT that he actually decided to run for congress on an MMT-informed platform. Steve believes most of the US is suffering through a "money famine." Adam and Steve discuss why Steve thinks understanding MMT is so important for the country's future.

L. Randall Wray is a a professor of Economics at Bard College. Randy is one of the pioneering academics in the world of Modern Monetary Theory. Randy and Adam discuss MMT, the state of the American economy trough the MMT lens, job guarantee proposals, and cryptocurrency. 

Adam Rice and Sean Talia discuss more MMT basics and how MMT relates to public policy, including 2017's Tax Cuts and Jobs Act.

START HERE if you are new to MMT. In the first episode of Pocket Change, Steve Friedman and Adam Rice discuss the basics of Modern Monetary Theory (MMT).