Podcasts about deficit myth

On this week's program Harry speaks with Dr. Stephanie Kelton, author of The Deficit Myth. They discuss aspects of the federal reserve including why it was made, why interest rates change, and when the last time the national debt was paid off. We'll also hear regular features like News of A.I., News of Crypto-Winter, The Apologies of the Week, and more.

As world leaders descend upon NYC for the UN General Assembly, London Mayor Sadiq Khan joins us to discuss the parallel challenges facing the UK and US. The conversation dives into both countries' elections, explores the impacts of misinformation, immigration, and populism, and examines the responsibilities of the media and politicians to educate and inform. Later, Stephanie Kelton, Economics Professor at Stony Brook University and author of "The Deficit Myth," offers a fresh perspective on our previous episode, challenging conventional wisdom about government spending and deficits. Follow The Weekly Show with Jon Stewart on social media for more:  > YouTube: https://www.youtube.com/@weeklyshowpodcast > Instagram: https://www.instagram.com/weeklyshowpodcast > TikTok: https://tiktok.com/@weeklyshowpodcast  > X: https://x.com/weeklyshowpod Host/Executive Producer – Jon Stewart Executive Producer – James Dixon Executive Producer – Chris McShane Executive Producer – Caity Gray Lead Producer – Lauren Walker Producer – Brittany Mehmedovic Video Editor & Engineer – Rob Vitolo Audio Editor & Engineer – Nicole Boyce Researcher/Associate Producer – Gillian Spear Music by Hansdle Hsu — This podcast is brought to you by: ZipRecruiter Try it for free at this exclusive web address: ziprecruiter.com/ZipWeekly Learn more about your ad choices. Visit megaphone.fm/adchoices

Kent Getsinger (pictured) might be an organiser with the Victorian Allied Health Professionals Association, but he is also an ardent advocate of the Modern Monetary Theory (MMT). Arrangements to interview Kent were made at a Melbourne meeting of "Sustainable Prosperity Action Group – Naarm" earlier this year where about 40 people had gathered at that city's campus of the Adelaide-based "Torrens University". Kent has pointed out that those eager to know more about MMT should join/follow the Sustainable Prosperity Action Group - NAARM, listen to RadioMMT, check out the "Modern Money Lab" website, listen to this interview from "The Australia Institute", watch this hour-long YouTube event featuring "Professor Stephanie Kelton". Finally, you can visit Professor Kelton's actual website where you can learn about her book, "The Deficit Myth". Anyone eager to talk personally with Kent will have the chance at the Swanpool Environment Film Festival on Saturday, June 15, where the movie, "Finding the Money will be screened and Associate Professor Steven Hail will attend to answer questions about the movie itself and in a more broad sense, The Modern Monetary Theory. --- Send in a voice message: https://podcasters.spotify.com/pod/show/robert-mclean/message

Stand Up is a daily podcast. I book,host,edit, post and promote new episodes with brilliant guests every day.  Please subscribe now for as little as 5$ and gain access to a community of over 700 awesome, curious, kind, funny, brilliant, generous souls Stephanie Kelton is a professor of economics and public policy at Stony Brook University. She is a leading expert on Modern Monetary Theory, a former Chief Economist on the U.S. Senate Budget Committee (Democratic staff), and an advisor to Senator Bernie Sanders' 2016 and 2020 presidential campaigns. She was named by POLITICO as one of the 50 people most influencing the policy debate in America. Her highly-anticipated book, The Deficit Myth (2020), became an instant New York Times bestseller. FINDING THE MONEY follows American economist Stephanie Kelton on a journey through. Modern Money Theory or “MMT”. Kelton provocatively asserts the National Debt Clock that ticks ominously upwards in New York City is not actually a debt for us taxpayers at all, nor a burden for our grandchildren to pay back. Instead, Kelton describes the national debt as simplya historical record of the number of dollars created by the US federal government currently being held in pockets, as assets, by the rest of us. MMT bursts into the mainstream media, with journalists asking, “Have we been thinking about how the government spends money, all wrong?” But top economists and politicians from across the political spectrum condemn the theory as “voodoo economics”, “crazy” and “a crackpot theory”. FINDING THE MONEY traces the conflict all the way back to the story we tell about money, injecting new hope and empowering countries around the world to tackle the biggest challenges of the 21st century: from climate change to inequality. Join us Thursday's at 8EST for our Weekly Happy Hour Hangout! Pete on Tik Tok Pete on YouTube Pete on Twitter Pete On Instagram Pete Personal FB page Stand Up with Pete FB page All things Jon Carroll Follow and Support Pete Coe Buy Ava's Art  

Jordan Klepper and Ronny Chieng tackle Jesse Watters labeling Trump being forced to sit in a courtroom for eight hours a day as cruel and unusual punishment and Joe Biden's controversial claim that his uncle was eaten by "cannibals" in New Guinea. Plus, Desi Lydic gives live updates on Trump's endless string of gag order hearings. In today's world, you need a car where you can sit in the front seat and record yourself going on an unhinged rant. That's where Rant-A-Car comes in. You provide the rant, we'll provide the car. Also, Stephanie Kelton, bestselling author of “The Deficit Myth” and professor of economics and public policy, talks to Jordan and Ronny about changing our understanding of government spending through MMT, or Modern Money Theory. She also explains how the national deficit is not a number to be fearful of, but can be put to good use, and how government finance is far more flexible than you might think. Take a quick survey to help us improve The Daily Show: Ears Edition: https://cohst.app/tdsSee omnystudio.com/listener for privacy information.

  Welcome to episode 150 of Activist #MMT. Today I talk with Maren Poitras, the creator and director of the MMT documentary, Finding the Money. I had the pleasure of seeing this film on October 1st, 2023, in New York City, with my Torrens professor Steven Hail, Torrens administrator Gabie Bond, and Torrens classmate Susan Borden. After the film, we all went to a nearby bar-restaurant, and I got to meet and speak with Maren at length. (A list of the audio chapters in this episode can be found below.) In today's episode, Maren and I talk about how she came to the film and how it's informed by her background in ecological economics. We talk about the trials and tribulations of film-making, including the tortures of creating the intricate and subtle graphics used in the film. We also talk about her interactions with the non-MMTers as seen in the film. At the end, she says what you as a supporter can do to help this film be seen by others. In my view, the film is the most important milestone in the MMT movement since Stephanie Kelton's 2020 book The Deficit Myth (which was the most important milestone since US Representative Alexandria Ocasio Cortez said "MMT" out loud in 2018). The film has the power to change how we talk about some major concepts. It will be available to stream in early May. And now, on to my conversation with Maren Poitras. Enjoy. Audio chapters 3:35 - Hellos, European premiere 14:47 - When did the idea for the film happen and what is your background in film-making? 20:15 - MMT is the child in the Emperor's New Clothes. MMT forces people to question many deep fundamental assumptions about their lives. 38:59 - Printing fiasco 39:17 - Did feedback from the academics result in any major changes? 43:10 - Graphics (ripping open a wound) 47:46 - Non-MMTers in the film (attempts at critique) 55:35 - The film is unfortunately US-centric, due to time and resource constraints 57:18 - What can people do to help the film be seen? 1:01:00 - You never know where secret MMT people are lurking. 1:06:57 - Duplicate of introduction, but with no background music (for listeners with sensitive ears)

  Welcome to episode 150 of Activist #MMT. Today I talk with Maren Poitras, the creator and director of the MMT documentary, Finding the Money. I had the pleasure of seeing this film on October 1st, 2023, in New York City, with my Torrens professor Steven Hail, Torrens administrator Gabie Bond, and Torrens classmate Susan Borden. After the film, we all went to a nearby bar-restaurant, and I got to meet and speak with Maren at length. (A list of the audio chapters in this episode can be found below.) In today's episode, Maren and I talk about how she came to the film and how it's informed by her background in ecological economics. We talk about the trials and tribulations of film-making, including the tortures of creating the intricate and subtle graphics used in the film. We also talk about her interactions with the non-MMTers as seen in the film. At the end, she says what you as a supporter can do to help this film be seen by others. In my view, the film is the most important milestone in the MMT movement since Stephanie Kelton's 2020 book The Deficit Myth (which was the most important milestone since US Representative Alexandria Ocasio Cortez said "MMT" out loud in 2018). The film has the power to change how we talk about some major concepts. It will be available to stream in early May. And now, on to my conversation with Maren Poitras. Enjoy. Audio chapters 3:35 - Hellos, European premiere 14:47 - When did the idea for the film happen and what is your background in film-making? 20:15 - MMT is the child in the Emperor's New Clothes. MMT forces people to question many deep fundamental assumptions about their lives. 38:59 - Printing fiasco 39:17 - Did feedback from the academics result in any major changes? 43:10 - Graphics (ripping open a wound) 47:46 - Non-MMTers in the film (attempts at critique) 55:35 - The film is unfortunately US-centric, due to time and resource constraints 57:18 - What can people do to help the film be seen? 1:01:00 - You never know where secret MMT people are lurking. 1:06:57 - Duplicate of introduction, but with no background music (for listeners with sensitive ears)

Stephanie Kelton is one of the world's foremost economics teachers and influencers, and author of The Deficit Myth. Stephanie is well known for her writing and work with US Presidential committees such as those for Bernie Sanders or under both the Trump and Biden adminisation. Stephanie recently spoke with Owen Rask on The Australian Investors Podcast about all things Modern Monetary Theory (MMT) and her works such as The Deficit Myth. Learn more about Stephanie on her website: https://stephaniekelton.com/ ~~ Resources you'll love ~~ Invest with Owen: https://bit.ly/R-invest Access Show Notes: https://bit.ly/R-notes Mortgage Broking: https://bit.ly/broke-rask Financial Planning: https://bit.ly/R-plan Property Coaching: https://bit.ly/R-P-coach 100-point property checklist (PDF): https://bit.ly/prop-check Accounting with Grey Space: http://bit.ly/3DG5lWS Business Coaching: https://bit.ly/o-coach Ask a question: https://bit.ly/3QtiY00 DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you're confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg  Learn more about your ad choices. Visit megaphone.fm/adchoices

As this episode goes to air, a brand-new documentary on Modern Monetary Theory (MMT) is touring Australia and PGAP has been given the incredible opportunity to speak to USA based director of "Finding the Money (https://findingmoneyfilm.com/)", Maren Poitras. Maren has just embarked on a screening tour of South East Australia alongside Stephanie Kelton, who is a leading proponent of the MMT movement and author of ‘The Deficit Myth' (https://stephaniekelton.com/book/). (Australian Poster) During this revealing interview, Maren discusses the importance of MMT and the journey that making a feature length documentary on this important topic has taken her on. The conversation also explores why it is crucial that MMT goes hand in hand with post growth narratives and why it is important to combine the two in order to create an economic system that works within limits to growth. (Maren Poitras) ‘Finding The Money' was filmed and produced in the USA with a focus around Stephanie Kelton's advocacy in that country. However, Australia is the first country in the world to host screenings in advance of the documentary's official release in the USA later this year. This is testament to the growing popularity of MMT in Australia and its many homegrown advocates of economic reform. These include institutions such as Modern Money Lab (https://pgap.fireside.fm/mmtlab) and Economic Reform Australia (https://pgap.fireside.fm/era) as well as author Steve Williams (https://pgap.fireside.fm/stevewilliams) - all have been previous guests on PGAP. You can find the dates of the Australian screening tour below and if you are in the right place at the right time, we strongly encourage that you go and see it. Not only is it a brilliant documentary but you will also have the opportunity to meet and greet Stephanie Kelton and Maren Poitras. CLICK HERE (https://modernmoneylab.org.au/events/film-tour/) to book your tickets. Post-Growth Australia Podcast is made with the kind support of Sustainable Population Australia (https://population.org.au/). We refer to SPA's discussion paper in this interview: "Silver Tsunami or Silver Lining: Why We Should Not Fear an Ageing Population (https://population.org.au/discussion-papers/ageing/)". Any views, opinions or legacy of our guests do not necessarily reflect those of PGAP or SPA. Your PGAP co-hosts Michael Bayliss and Mark Allen are very pleased and humbled by the excellent response to the podcasts that we have made so far this year. We have had more listens than ever before, so a big thank you to our ever-growing community! We truly believe that "Finding the Money" and the conversations in this episode are very important and worth supporting, so we would be very grateful if you could share this episode within your networks. Also, please feel free to contact us (https://pgap.fireside.fm/contact) at any time with your feedback and thoughts. You can find out more about your hosts here (https://michaelbayliss.org/)and here (https://holisticactivism.net/). Special Guest: Maren Poitras.

I talked to professor Stephanie Kelton about whether or not Modern Monetary Theory (MMT) is still relevant today; how well her book the Deficit Myth is holding up, what caused the inflation spike, whether central banks are the ones driving inflation down, what the role of the government should be in controlling inflation, and how MMT applies to non-reserve currency countries like the UK.

Bob goes solo to explain and critique three popular arguments put forward by the leaders of Modern Monetary Theory (MMT).Mentioned in the Episode and Other Links of Interest:Phil Labonte's reaction to Nina Turner.A Murphy Medium post showcasing Kelton's claim about checking vs. savings accounts.Bob's review of Kelton's book, The Deficit Myth.Help support the Bob Murphy Show.

Patricia & Christian conclude their conversation about Stephanie Kelton's best-seller The Deficit Myth.   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! “Rethinking Capitalism” weekend event with Dr Steven Hail (Canberra, 26th-27th August): https://modernmoneylab.org.au/events/ Sign up to the Gower Initiative For Modern Money Studies' mailing list for updates about their event with Warren Mosler in London on 1st September (details TBC): https://gimms.org.uk/mailing-list/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/     Relevant to this episode:   Our “Unpacking The Deficit Myth” series: https://www.patreon.com/posts/47191289 For more on MMT and the NHS/Medicare4All, listen to: Episode 42 - John T Harvey: The NHS And Healthcare Economics: https://www.patreon.com/posts/33460238 and Episode 96 - Deborah Harrington: The Fight For The NHS: https://www.patreon.com/posts/49819223 For more on MMT and ecological economics, listen to: Episode 39c - Steven Hail - Green Economics, A Just Transition and The 2020 Sustainable Prosperity Conference https://www.patreon.com/posts/32431123, Episode 108 - Steven Hail & Gabrielle Bond: Achieving Sustainable Prosperity: https://www.patreon.com/posts/54178535, Episode 172 - Steven Hail: Bond Vigilantes! Inflation! The National Debt! The Excuseonomics Killing The Planet: https://www.patreon.com/posts/84572294?pr=true, Episode 138 - Stephen Williams: Economics vs The Planet: https://www.patreon.com/posts/69831268?pr=true, Episode 140 - Michael Hoexter: Hard Money Ideology Won't Save The Planet: https://www.patreon.com/posts/70471081?pr=true and Episode 141 - Phil Lawn: On Ecological Economics: https://www.patreon.com/posts/70826821?pr=true For more on Overt Monetary Financing, read “Overt Monetary Financing – again”, by Bill Mitchell: https://billmitchell.org/blog/?p=32361 For more on the endogenous money view (the non-fringe, very mainstream view that bank loans create deposits, not the other way around - listen to episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887, 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 MMT Job Guarantee, see “Our Job Guarantee episodes” (below). For more on MMT and inflation, see “Episodes on inflation” (below)   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   Order “The Deficit Myth” by Stephanie Kelton: https://www.amazon.co.uk/gp/product/B081JVRT57/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0   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   Order L Randall Wray's latest book, “Making Money Work for Us” (2022): https://www.amazon.co.uk/gp/product/B0BDCS46BG/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0   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 Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/     More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses In 2023: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/ Website of the 3rd International European MMT Conference (Berlin, September 9th-10th: https://www.mmtconference.eu/   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     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/86849221?pr=true

In this episode, we delve into a profound discussion with economist Mark Paul about his book, "The Ends of Freedom," and his vision for an Economic Bill of Rights. We explore the concept of an economic bill of rights that has a long history from FDR to MLK the role of government in providing essential services, and the importance of progressive taxation. We also discuss the need for affordable childcare and its impact on women's participation in the labor force. The conversation touches on the historical context of GDP calculation, the importance of including home labor, and the implications of excluding it. We also discuss the cost of higher education and the potential benefits of making it universally accessible. The conversation concludes with a discussion on how to pay for these social programs, the role of broad-based taxation, and the importance of considering future productive capacity rather than focusing solely on the national debt.The Paper Mentioned in the Show- Children as Public Goods by Nancy Folbre, The American Economic Review 1994 - https://www.proquest.com/docview/233027518Recommended books based on this episode:1. "The Ends of Freedom" by Mark Paul - https://bookshop.org/a/94644/97802267929652. "The Value of Everything" by Mariana Mazzucato - https://bookshop.org/a/94644/97815417582473. "The Deficit Myth" by Stephanie Kelton - https://bookshop.org/a/94644/97815417361914. "The Case for a Maximum Wage" by Sam Pizzigati - https://bookshop.org/a/94644/9781509524921Topics discussed: Economic Bill of Rights Maximum and Minimum Income Government's Role Progressive Taxation Affordable Childcare Women's Labor Force Participation GDP Calculation Higher Education Cost Social Programs Funding Future Productive CapacityTwitter: https://twitter.com/Reviving_VirtuePatreon page: https://www.patreon.com/RevivingVirtueBookshop page: https://bookshop.org/shop/RevivingVirtueContact: revivingvirtue@gmail.comMusic by Jeffrey Anthony

As the UK celebrates the coronation of its most famous pensioner and its central bank tells everybody else to accept being poor, Patricia and Christian continue their conversation about Stephanie Kelton's best-seller, The Deficit Myth and ask: can the world's 5th richest economy afford dignity for all, or just those with their own anthem? Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   LIVE EVENT! Christian will be interviewing Cory Doctorow in Nottingham (UK!) on Tuesday 30th May 2023, tickets here: https://www.waterstones.com/events/an-evening-with-cory-doctorow/nottingham   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   Our “Unpacking The Deficit Myth” series: https://www.patreon.com/posts/47191289 All our episodes in chronological order: https://www.patreon.com/posts/43111643     Relevant to this episode: For more on 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, listen to Episode 164 - Yeva Nersisyan: Saving Social Security From Its Saviours: https://www.patreon.com/posts/80870597?pr=true We briefly touch on how the central bank reserve system impacts commercial banks and vice-versa, for more on that listen to Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 For more on the effective dependency ratio, see “Ageing, Social Security, and the Intergenerational Debate” by Bill Mitchell: https://billmitchell.org/blog/?p=25377 Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/     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 Order “The Deficit Myth” by Stephanie Kelton: https://www.amazon.co.uk/gp/product/B081JVRT57/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0 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 Order L Randall Wray's latest book, “Making Money Work for Us” (2022): https://www.amazon.co.uk/gp/product/B0BDCS46BG/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0     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     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   More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on Silicon Valley Bank and bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses In 2023 More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Apply for Dr Dirk Ehnts' Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics Details of Modern Money Lab's online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/ Details of the next MMT Summer school in Poznań, Poland (September 5th-7th) will be available on this page when confirmed: https://fundacjalipinskiego.pl/wydarzenia/ Website of the 3rd International European MMT Conference (September 9th-10th: https://www.mmtconference.eu/   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     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/82602167?pr=true

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 Monte - focusing our attention on jobs and potential income flowing overseas, when a focus on real goods and services flowing *in* from the rest of the world reveals that trade deficits actually *improve* living standards for importing nations in real terms.   Nevertheless, in pursuit of political “wins”, leaders squander actual wins in pursuit of arbitrary economic indicators with the only economic management tool they think they have: unemployment.   Understanding modern money shows how we can truly succeed without sacrificing people or the planet.   =============   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   Our “Unpacking The Deficit Myth” series: https://www.patreon.com/posts/47191289   All our episodes in chronological order: https://www.patreon.com/posts/43111643   Relevant to this episode: Shop to Win! Warren Mosler on Trump Tariffs: https://moslereconomics.com/2018/03/02/light-vehicle-sales-trump-tariffs/ Pavlina Tcherneva lays out why the Job Guarantee is core to Modern Monetary Theory in Episode 148: https://www.patreon.com/posts/73211346?pr=true Fadhel Kaboub defines monetary sovereignty in Episode 12 - Monetary Sovereignty, Colonialism and Independence: https://www.patreon.com/posts/41790149 Dirk Ehnts lays out a plan for a Eurozone-wide Job Guarantee in Episode 155: https://www.patreon.com/posts/38252014 Paper on the above proposal - “Completing The Euro: The Euro Treasury And The Job Guarantee” by Esteban Cruz Hidalgo, Dirk H. Ehnts & Pavlina R. Tcherneva: https://www.researchgate.net/publication/334226761_Completing_the_Euro_The_Euro_Treasury_and_the_Job_Guarantee Warren Mosler and Damiano B. Silipo's Job Guarantee proposal for the eurozone is within this paper - “Maximizing Price Stability in a Monetary Economy”: https://www.levyinstitute.org/pubs/wp_864.pdf For more on the Job Guarantee as a “labour standard” (as opposed to a gold standard) 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       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 Deficit Myth” by Stephanie Kelton: https://www.amazon.co.uk/gp/product/B081JVRT57/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0   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   Order L Randall Wray's latest book, “Making Money Work for Us” (2022): https://www.amazon.co.uk/gp/product/B0BDCS46BG/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0       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   More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346   Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   MMT Events And Courses In 2023 Apply for Professor Bill Mitchell's short, free online course in Modern Monetary Theory (February 15th - March 14th) here: https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century More information about Professor Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Tickets to the very first Scotonomics festival (online or in-person, Dundee, Scotland 24th-26th March) are available here: https://scotonomics.scot/live-events/ Apply for Dr Dirk Ehnts' Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th) here: https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics Details of Modern Money Lab's online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/     Extensive list of MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies       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/78800108?pr=true

On tonight's episode Connor goes into a discussion around the book the Deficit Myth and presents a case for modern monetary theory. Then Connor dives into the recent controversial book bannings in Central Bucks School District. Then we take a look at the train derailment issue in Ohio. Lastly we look towards 2024 and discuss the Republican Presidential Primary with Nikki Haley announcing her candidacy and the 2024 California Democratic Primary. All this and more on tonight's show! Join the Discord Server - https://discord.gg/6GUPV4bARq If you enjoy the show, please subscribe and hit the like button on the stream! Support on Patreon - https://www.patreon.com/greatersocietymedia Find all the show links here - https://linktr.ee/greatersocietymedia Follow on Instagram - @greatersocietymedia Follow Connor on Twitter - @ConOHanlon Greater Society Media is a progressive media company dedicated to bringing insightful analysis to viewers and readers on political topics of today from the local level to the international. ​ The Greater Society Podcast is a weekly progressive show that focuses on analyzing American politics, current events, and history. The show covers a wide range or topics and will incorporate various guests to dive deeper into their specialties. Shows are broadcasted live on YouTube and available in audio versions as well where you listen to your podcasts. What sets the show apart is the focus on local organizing and the impacts we can all make on a local level as Connor OHanlon (the host) leverages his experience as Chairman of a local Democratic committee and former candidate for office to bring you an inside look at how politics is done. We aim to bring nuance to each and every discussion and debate and look forward to covering the unfolding history of America.

  Subscribe to Bad Faith on Patreon to instantly unlock our full premium episode library: http://patreon.com/badfaithpodcast Briahna got tons of feed back on the Richard Wolff episode about the debt ceiling debate from Modern Monetary Theory heads who objected to Wolff treating the US economy like a household budget. So Briahna asked the foremost MMT economist & author of "The Deficit Myth," Professor Stephanie Kelton, on to explain what the left's approach to the debt ceiling discourse should be in her view. Also, Professor Kelton, who advised Senator Sanders in 2020, talks about her frustration with Bernie's reliance on "pay for" rhetoric, and argues that the left can't avoid teaching the public about MMT forever. Subscribe to Bad Faith on YouTube for video of this episode. Find Bad Faith on Twitter (@badfaithpod) and Instagram (@badfaithpod). Produced by Armand Aviram. Theme by Nick Thorburn (@nickfromislands).  

Doug Pagitt and Dan Deitrich unpack the misconceptions around the looming Debt Ceiling Showdown and discuss a clip from Stephanie Kelton, author of The Deficit Myth, talking about how federal deficits actually function.   Doug Pagitt is the Executive Director and one of the founders of Vote Common Good. He is also a pastor, author, and social activist.  @pagitt   Daniel Deitrich is a singer-songwriter, former-pastor-turned-activist, and producer of The Common Good Podcast. @danieldeitrich Our theme music is composed by Ben Grace. @bengracemusic   votecommongood.com votecommongood.com/podcast facebook.com/votecommongood twitter.com/votecommon

In this episode, Jessica Burbank explains the origins of her anticapitalist views. We discuss her working class background, her family's economic hardships during the 2008 economic crash, and the massive bank bailouts that led her to dive deep into the field of economics. Next, we pivot to a discussion of capitalism as an undemocratic system designed “by and for the bosses.” We explore how this for-profit system manufactures scarcity, tying this fundamental tenet of capitalism to the kind of predatory practices of the oil and gas industries. These companies have engaged in horrific price gouging as American's suffer through the economic hardships of an ongoing pandemic. (For more on this topic, watch Jessica's video with More Perfect Union titled “Why Gas Prices Are So High Right Now.”)Jessica is an organizer and political analyst whose work with More Perfect Union and The Young Turks shines light on so many important issues, from military spending to the labor movement.  Don't miss her Ted-X talk – “A New Direction for the U.S. Economy” – wherein Jessica calls for revolution and the complete overhaul of our economic system. Follow Jessica Burbank on TikTok, Instagram, Twitter, and Substack. Be sure to watch her videos about CIA history. Check out her work with The Young Turks:Rebel HQUnbossed with Senator Nina Turner (YouTube show and podcast)(“Unhoused On Skid Row In Need Of Basic Facilities”)Jessica Burbank's recommended reading:Stephanie Kelton's book The Deficit Myth and her substack The Lens. Longer listCOCKTAIL:   DAIQUIRDATION The name is a play on the economic term “backwardation” that describes a situation in which the “futures” price of an asset is lower than the current price of the same asset)This is a delicious take on the classic daiquiri with the addition of guava since this is Jessica's favorite kind of juice. Because guava juice varies in sweetness, you might want to adjust the amount of simple syrup to your liking. Daiquirdation2 oz rum1 oz guava juice1 oz lime1/4 oz simple syrup3 dashes bittersFill a shaker with ice, add all ingredients, and shake well. Strain into a chilled cocktail glass and enjoy!Support the show

Dr Stephanie Kelton shares her research on federal budget deficits. Have we been misled on the need to avoid government debt as an excuse to pursue policies that benefit the rich more than the common person?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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 three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Our “Unpacking The Deficit Myth” series: https://www.patreon.com/posts/47191289   All our episodes in chronological order: https://www.patreon.com/posts/43111643   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/   Other things that came up in this conversation: Bill Mitchell on Britain's 1976 IMF loan: http://bilbo.economicoutlook.net/blog/?p=33907 Episode 49 - Phil Armstrong: Where Does Money Come From? (Part 1): https://www.patreon.com/posts/36619334 Episode 50 - Phil Armstrong: Where Does Money Come From? (Part 2): https://www.patreon.com/posts/36846931 Episode 110 - L. Randall Wray: Are We Living In An MMT World?: https://www.patreon.com/posts/54750022   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   Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543   Links to MMT scholarship by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship   MMT Academic Resources - compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   For online grad and postgrad courses MMT, visit Modern Money Lab: Website: https://modernmoneylab.org.au/ Twitter: https://twitter.com/modernmoneylab Economics of Sustainability graduate courses zoom Q&A sessions (16th / 17th August, 25th August, 2nd / 3rd September): https://modernmoneylab.org.au/events/   Updates about Professor Bill Mitchell's MMT 101 course will be posted here (we think!) - due to restart mid-September 2022: http://www.mmted.org/#   Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/   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   Transcript for opening monologue: https://www.patreon.com/posts/71264741?pr=true   Show notes: https://www.patreon.com/posts/71264759?pr=true

The full audio from the Cowboy Economist video #19a: A review of Dr. Stephanie Kelton's The Deficit Myth. Here is the link to the full video A link to the full audio of all Cowboy Economist videos can be found in the show notes to part one.

The full audio from the Cowboy Economist video #19: A review of Dr. Stephanie Kelton's The Deficit Myth Here is the link to the full video A link to the full audio of all Cowboy Economist videos can be found in the show notes to part one.

The full audio from the Cowboy Economist video #19: A review of Dr. Stephanie Kelton's The Deficit Myth Here is the link to the A link to the full audio of all Cowboy Economist videos can be found in the show notes to .

The full audio from the Cowboy Economist video #19a: A review of Dr. Stephanie Kelton's The Deficit Myth. Here is the link to the A link to the full audio of all Cowboy Economist videos can be found in the show notes to .

In Episode 60 zoomen wir aus der Corporate heraus und untersuchen den großen wirtschaftlichen Rahmen. Maurice Höfgen erklärt die Modern Monetary Theory (MMT): ein Framework, das erklärt, dass nicht Geld, sondern Ressourcen und Arbeitskraft die endlichen Ressourcen sind, um die sich staatliche Entscheidungen drehen. Er beschreibt die Unterschiede zur klassischen VWL und Human und Mary-Jane haken nach den ideologischen Grundlagen für die Durchsetzungskraft verschiedener ökonomischer Modelle.Die Folge in einem Satz: Maurice meint, wer auf Bilanzen schaut, kann die Erklärungskraft der MMT nicht leugnen; Human sieht sie als Brille, Probleme anders zu betrachten; und Mary-Jane findet, wir brauchen neues Vokabular für Staatsschulden.Shownotes:Maurice Höfgen, Homepage Maurice Höfgen, Mythos Geldknappheit, Buch Maurice Höfgen, Geld für die Welt, Youtube Channel Maurice Höfgen , Wirtschaftsbriefing (Jung & Naiv), Youtube Channel N. Gregory Mankiw , Teaching the Principles of Economics, ArtikelNetzwerk “Rethinking Economics”, Homepage Stephanie Kelton, The Deficit Myth, Buch 

Welcome to a special episode of Modern (MMD), hosted by Steven Hail and Gabrielle Bond. MMD is an international show about modern monetary theory and ecological economics. This week, Steven and Gabie speak with Professor Stephanie Kelton to discuss her New York Times best-selling book, The Deficit Myth. (All episodes of Modern Money Donuts can be found on this page by Modern Money Labs.) Here's the video from which this audio comes from. (The audio is unedited.) MMD is hosted by KRTD Media, and the audio podcast is, for now, hosted by Activist #MMT. So if you'd like to be automatically notified of each new MMD episode, then subscribe to Activist #MMT on your favorite podcast platform.

Modern Monetary Theory—three simple words that are tearing apart the left. Pete Davis and Sparky Abraham have spent the last few years feeling curious and confused about this highly contentious theory, which posits that the U.S. government can deficit spend much more than it currently believes it can. (Or maybe it doesn't posit that. We're not sure.) Together, they've decided to launch a new series, in which they will interview people across the spectrum of left economics, ask questions, admit what they don't know, and try and muddle through one of the most complex questions in the world of policy: is MMT real? In this episode, Sparky and Nathan J. Robinson (@NathanJRobinson) of Current Affairs magazine interview Stephanie Kelton (@StephanieKelton), professor at Stony Brook University, author of the book "The Deficit Myth," and advisor to Bernie Sanders' 2016 Presidential Campaign. One of the preeminent theorists of Modern Monetary Theory, Professor Kelton explains a basic overview of the theory and what it offers policymakers at the federal level. This episode was originally published on December 1, 2020 on the Current Affairs podcast feed, and is being republished now as the Rabbithole podcast picks up the question of "is MMT real?" Please excuse any outdated references, and stay tuned as we continue our investigations down the rabbithole. This episode was edited by Dan Thorn (@danieljtvthorn) of Pink Noise Studios in Somerville, MA, and it features theme music by Danny Bradley (https://dannybradleymusic.com/). If you like the podcast, please consider supporting our investigations by becoming a patron. Find Pete on Twitter at @PeteDDavis and Sparky at @sparkyabraham

Welcome to episode 107 of Activist #MMT. Today's part two of my three-part conversation with lawyer and independent economics researcher Jonathan Wilson, on the reality of the petrodollar or reserve currency, focusing on his unique and easy-to-understand "Cool Stuff" hypothesis. Jonathan's article on the topic can be found on pmpecon.com. Here's a direct link: The Cool Stuff Hypothesis Versus the Petrodollar. Jonathan's post is featured in this new #MMT resource post, which debuts today: The reality of exchange rate determination (sources to learn more). The Cool Stuff hypothesis is a realistic look at how and why a country's currency is desired, spent, and saved by people both in and out of the country. The playful phrase "Cool Stuff" was inspired by Stephanie Kelton and her 2020 book The Deficit Myth, which takes twenty-five years of MMT academic scholarship and boils it down for a popular, non-academic audience. In part one, Jonathan summarized his hypothesis and today he continues that summary. We then connect the hypothesis to the ridiculous and hyperbolic theory of the petrodollar. In part three, we drastically change subjects. For the past nine months, Jonathan has assisted me in developing a full and free online course that's not directly MMT, but is critical for those who want to better understand it. It's based on the work of Asad Zaman (who was my guest in episodes 56 and 57) and is titled Historical Context for Real-World Economics. The course is produced by Activist #MMT, and hosted by Bill Mitchell's MMTed and Esha Krishnaswamy's Historic-ly. But for now, let's get right back to part two my conversation with Jonathan Wilson. Enjoy. Audio chapters 7:44 - Canada Japan example 12:43 - John Harvey, exchange rate determination 19:43 - "The dollar's going to plummet/collapse" 22:30 - The theory of the petrodollar 30:26 - Pakistan example 35:13 - Twitter conversation with neoclassical economist 39:37 - Cool Stuff doesn't necessarily mean GOOD. 44:58 - Outsourcing; components here, assembly there; components there, assembly here 48:17 - Coercion is always bad, not necessarily low-for-high 49:43 - The reality of the petrodollar 54:19 - Petrodollar as global surveillance 57:25 - Final words on petrodollar- cascade of liabilities and "Cool Stuff"

Jonathan describes the first MMT books he read, and how The Deficit Myth's accessible language influenced him, especially in his "Cool Stuff" article as we discuss in the main episode. I connect this lesson to music and movies. This snippet comes from episode 106 of Activist #MMT with Jonathan Wilson, called ""Cool Stuff" and the reality of the petrodollar (cascade of liabilities)", at around the 26-minute, 30-second mark of the interview proper.

Welcome to the premiere episode of Modern Money Doughnuts (MMD), hosted by Steven Hail and Gabrielle Bond. MMD is an international show about modern monetary theory and ecological economics. What have doughnuts to do with modern money? Quite a lot, as it turns out. Gabie and Steven explore the relationship between The Deficit Myth and Doughnut Economics, and explain why their show is named Modern Money Doughnuts. Here's the from which this audio comes from. The audio is unedited.

Economic Professor Stephanie Kelton makes it clear that holding policy hostage to budget deficits is nonsensical. --- Blog: https://bit.ly/3p1vA25 --- Support this podcast: https://anchor.fm/egbertowillies/support

Fareed speaks to former British Prime Minister and current WHO Ambassador for Global Health Financing Gordon Brown about the G20 meeting in Rome and what needed to be resolved on COVID-19, climate change and more. Then, Fareed sits down with Zalmay Khalilzad, Former U.S. Special Rep. for Afghanistan Reconciliation, to discuss the lessons learned from the U.S. withdrawal and the future of the war-torn nation. Plus, Stephanie Kelton, Prof. of Public Policy & Economics at Stony Brook University and author of the book "The Deficit Myth," explains why we shouldn't be worried about the price tags on the Biden bills awaiting votes in Congress. Lastly, Fareed examines how Trump's “big lie” political playbook is being adopted by the president of Brazil as he tries to cling to political power. To learn more about how CNN protects listener privacy, visit cnn.com/privacy

It seems every day Modern Monetary Theory becomes less of a fringe idea and more of a reality. But there are a few hidden reasons why MMT can be extremely harmful, and they have to do with taxes. Because taxes are explicitly not needed for funding in the MMT framework. But just because taxes aren't needed for funding, doesn't mean they won't be there. The Deficit Myth by Stephanie Kelton https://amzn.to/3ijv2SE

Modern Monetary Theory or MMT is the soup of the day in the global monetary shadow world. In this episode Nathan Lewis and I discuss The Deficit Myth by Stephanie Kelton, the current bible of the MMT and functional finance crowd. If you have interest in unicorns, mythical creatures and magical money printing machines that never cause inflation then this is the episode for you. We go deep into some of the core theories in MMT and hold them up against the cold, hard light of reality.

We are thrilled to share an interview with Dr. Stephanie Kelton, the author of The Deficit Myth and the leading expert of Modern Monetary Theory. Modern Monetary Theory is a new approach to economics that is taking the world by storm Dr. Kelton is considered one of the most important voices influencing the policy debate today.Janine and Tara spend the first 20 minutes of this week's episode talking about the book The Deficit Myth, which you should all pick up and the remainder of their time interviewing world famous Dr. Kelton. Modern Monetary Theory is a different way of thinking about government spending and we can't wait for you to tune in and see how we can better build an economy that supports us all.

This time around I talked to Chris Tanner from the Cellar Door Skeptics about the book Work by CrimethInc. then during the Red Reviews segment Justin Clark reviews the book The Deficit Myth by Stephanie Kelton https://skepticalleftistpod.wordpress.com/2021/06/23/work-w-chris-tanner-plus-red-reviews-5/ --- Send in a voice message: https://anchor.fm/skepticalleftist/message

This is the second instalment of my series on Stephanie Kelton's MMT book The Deficit Myth. In this episode I explore her belief that government finances are radically different to personal finances and that governments, as currency issuers, can never run out of money.

This is the first in a new series of content where I explore Stephanie Kelton's theories of MMT. Is MMT just Keynesianism on steroids? Is there any veracity to the claims of Stephanie Kelton and other advocates of Modern Monetary Theory. I explore the introductory claims in her books and some initial responses to the six myths that she believes must be overcome for MMT to be properly understood.

Now that the Democrats are back in control in DC, the Republicans are once again screaming about the national debt and deficit, things they weren't even slightly concerned with when their party held the majorities and they spent like the proverbial drunken sailors. So, I once again called on MMT expert and author of "The Deficit Myth," Stephanie Kelton

Episode #27 Notes1:00 - What's your academic area of focus and what led you to it?3:30 - Tell us about your work at Mondragon.9:15 - On the New York City system of cooperatives.13:15 - How are transitions to business cooperatives financed?14:45 - Public finance and modern monetary theory.29:00 - The difference between market based capitalism vs. modern monetary theory.41:45 - On free trade and recent trade agreements.49:45 - Food sovereignty and modern monetary theory. 52:10 - Modern monetary theory, socialist economics and the differences with Marxism.1:05:45 - Modern monetary theory in practice in the real world.1:08:00 - Modern monetary theory and food insecurity in the US.1:10:00 - How can we expand worker ownership under MMT? Coops and ESOPs.1:14:00 - Suggested readings? The Deficit Myth, Stephanie KeltonThe Case for a Job Guarantee, Pavlina TchernevaDeclarations of Dependence, Scott FergusonWinning The Green New Deal, Guido Girgenti and Varshini PrakashA Planet to Win, Thea Riofrancos and Kate AronoffSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Do we fund government or does government fund us? Can sovereign states issue currency at will without risk of default? Are government deficits actually a form of public wealth? And can newly issued currency (rather than taxes or bonds) be used to pay for public works, health care, college, entitlements, and guaranteed jobs? These are the arguments made by Professor Stephanie Kelton in The Deficit Myth, the latest addition to the "Modern Monetary Theory" concept. If it sounds too good to be true, it is—and Dr. Murphy joins the show to explain why. Read Dr. Murphy's review of The Deficit Myth at mises.org/DeficitMyth

Do we fund government or does government fund us? Can sovereign states issue currency at will without risk of default? Are government deficits actually a form of public wealth? And can newly issued currency (rather than taxes or bonds) be used to pay for public works, health care, college, entitlements, and guaranteed jobs? These are the arguments made by Professor Stephanie Kelton in The Deficit Myth, the latest addition to the "Modern Monetary Theory" concept. If it sounds too good to be true, it is—and Dr. Murphy joins the show to explain why.   Read Dr. Murphy's review of The Deficit Myth at mises.org/DeficitMyth]]>

I veckans avsnitt hör du Martin Sandquist och Mikael Syding diskutera Modern Monetary Theory, även kallat Magic Money Tree, med utgångspunkt från de 6 primära myterna om MMT från boken ”The Deficit Myth” av Stephanie Kelton. Glöm inte att prenumerera i din podcast-app och lämna gärna en recension så hjälper du oss nå ut till fler lyssnare. Mer information om Antiloop hittar du på antiloophedge.com och på antiloophedge.com/memos får du även tillgång till Antiloops alla memos. Antiloop Podcast produceras i samarbete med Vexaton Media 00:00 - Intro 01:30 - Vad är Modern Monetary Theory (MMT)? 02:35 - Snarare Outdated Monetary Theory? 05:11 - MMT-förespråkaren Stephanie Kelton har i vissa fall rätt 09:14 - ”Cart before the horse”-resonemang 12:29 - Hur kommer MMT påverka oss de närmsta 10 åren? 16:33 - Myt 1: Statens ekonomi ska skötas som ett hushåll 20:22 - Myt 2: Underskott uppstår för att staten överspenderar 21:56 - Myt 3: Underskott kommer drabba nästa generation 23:50 - Myt 4: Underskott leder till att privata investeringar trängs bort 29:06 - Myt 5: Underskott gör USA beroende av omvärlden 31:09 - Myt 6: Social security och Medicare kommer leda till en kris i framtiden 33:32 - Summering 35:51 - Pamfletten ”Problems with MMT” av Robert Wenzel och economicpolicyjournal.com 37:08 - Vad är egentligen problemet med MMT?

In this episode, Trishul and Aaron get wonky as they try to explain Modern Monetary Theory. They introduce the difference between monetary policy and fiscal policy. And they try to explain how fiat currency, currency issuers, national debt, federal deficits, and debt service are all related. They discuss Stephanie Kelton's new book, The Deficit Myth, and some of the concerns of MMT. If deficits are not inherently good or bad, do you trust Congress to spend your hard-earned money wisely?Episode ReferencesMMS #27. Can a Universal Basic Income really pay for itself?Investing Forever - One Lifetime of WealthAt War with the TruthU.S. Spending War on Terror Stands at 6 TrillionDo 70% of the Benefits of the Trump Tax Law Go to the Top 1%?Book Review of The Deficit MythReview of Stephanie Kelton's Deficit MythU.S. Debt ClockU.S. Deficit by Year7 Charts Showing that the Trumps Tax Cuts Are Not Economic Rocket FuelSocial Programs Can Sometimes Turn a Profit for TaxpayersThe Deficit Myth - by Stephanie KeltonGovernment Deficits vs. Private SectorStephanie Kelton - Twitter PagePodcast Description Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

The Deficit Myth - Modern Monetary Theory and the Birth of the People's Economy Stephanie Kelton (Public Affairs, June 2020) 336 pages A plain language elaboration of Modern Monetary Theory, a school of economics which suggests that the state does not need taxes to finance its expenditure, since it has the right to print its own currency. (It does need taxes for other purposes though.) This also means that it cannot be forced to go bankrupt in its own currency, and does not need to issue treasury bonds on open markets. All austerity and deficit fetishism is senseless and harmful. And no, printing money does not cause hyperinflation, because output adjusts.

Professor Stephanie Kelton joins Emily Peck, Felix Salmon, and Anna Szymanski for a long awaited episode on Modern Monetary Theory. She answers their many questions about MMT and discusses her book The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy.In the Slate Plus segment: How we feel about the stock market. Email: slatemoney@slate.comPodcast production by Jessamine Molli.Twitter: @felixsalmon, @Three_Guineas, @EmilyRPeck Hosted on Acast. See acast.com/privacy for more information.

Professor Stephanie Kelton joins Emily Peck, Felix Salmon, and Anna Szymanski for a long awaited episode on Modern Monetary Theory. She answers their many questions about MMT and discusses her book The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy.In the Slate Plus segment: How we feel about the stock market. Email: slatemoney@slate.comPodcast production by Jessamine Molli.Twitter: @felixsalmon, @Three_Guineas, @EmilyRPeck Hosted on Acast. See acast.com/privacy for more information.

Friday's monthly job numbers were devastating, showing that 20.5 million Americans lost their jobs in April -- and the report only covered half of the month, leading the experts to believe that next month's numbers could be even worse. Are we officially now in a depression? That's one of the questions I put to Stephanie Kelton, Modern Monetary Theory expert, professor and author whose new book, The Deficit Myth, will be released on June 9. We'll begin the show with a look and listen to some of what happened yesterday as the Supreme Court (and we) heard a few cases on whether Donald Trump, as president, is above the law, and in the Senate where Dr,. Fauci and others testified before the HELP committee about the Covid-19 crisis and the nation's response.

Q&A!!!! I cover A LOT in this episode: - Becoming a Father, Being a Nutrition Coach vs. Both Nutrition AND Training Coach, The 500 Calories Deficit Myth, Setting a Goal During a Reverse Diet, The Best Methods For Progressive Overload, Keeping Your Clients More Accountable Weekly, and More… If you want to check out iN3's Reverse Dieting E-Book from Brandy Wann and Jason Phillips, get your copy here http://jasonphillipsnutrition.ontraport.com/t?orid=5204&opid=5  Check Out Cody's Latest Training Program, Functional Muscle, by visiting http://boomboomperformance.com/functional-muscle  Get Coach Cody's  E-Book, "The Nutrition Hierarchy: The All Inclusive Guide To Mastering Your Diet”, by visiting http://boomboomperformance.com/nutrition-hierarchy [TRAINERS] Our Sponsor, ReebokOne, Wants To Give YOU 40% off your First Purchase and 25% Off For Life… To Jump on this NOW, visit www.reebokone.com Today! To Apply For Coaching With Boom Boom Performance, visit – http://boomboomperformance.com/online-coaching/#sign-up Social Links: Blog – www.boomboomperformance.com
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