Podcast appearances and mentions of John T Harvey

In this episode of the 9inningsPodcast, Kevin and Dr. John T. Harvey, an economics professor at TCU, discuss inflation, Modern Monetary Theory (MMT), and fiscal policy. Dr. Harvey explains the complexities of inflation, emphasizing its multifaceted nature and the significant impact of housing costs on the Consumer Price Index (CPI). The conversation covers the limitations of traditional monetary policy, the role of government in job creation, and the need for policies that address the root causes of inflation. Dr. Harvey advocates for a nuanced understanding of inflation and proactive public sector job initiatives to ensure economic stability and social welfare. Understanding Inflation Complexity (00:02:52) CPI Components and Their Impact (00:06:23) Raising Interest Rates as a Solution (00:09:12) CPI Calculation Methods (00:12:51) Labor Shortages and Price Increases (00:14:47) Inflation and Job Creation (00:18:10) Public vs. Private Sector Roles (00:21:27) Competing with the Private Sector (00:25:05) Universal Employment Strategy (00:26:35) Historical Context of Inflation (00:29:07) NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page Follow Us: youtube: / @9icap Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428 facebook: / mlb2cfp Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4 Book Meeting: https://outlook.office365.com/book/G12473568acb64f719ff3e79cfc9d55ed@NETORGFT11398641.onmicrosoft.com/ Website: http://www.9icapitalgroup.com Hit the subscribe button to get new content notifications. Disclosure: https://sites.google.com/view/9idisclosure/disclosure

To commemorate the anniversary of Trussonomic Mini-budgeting, Christian talks to Professor John T. Harvey about what determines currency prices and more.   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!   Economics Of The Real World (Edinburgh, Scotland 21st March 2024): https://scotonomics.scot/live-events/ Scotonomics Festival Of Economics (Dundee, Scotland 22-24th March 2024): https://scotonomics.scot/live-events/   Order the Gower Initiative's “Modern Monetary Theory - Key Insights, Leading Thinkers”: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   Relevant to this episode: All our episodes with John T. Harvey: https://www.patreon.com/posts/44371783 John's Cowboy Economist channel: https://www.youtube.com/@cowboyeconomist8126 John's Forbes blog: https://www.forbes.com/sites/johntharvey/?sh=4ec648f3685c “Taxes For Revenue Are Obsolete” by Beardsley Ruml: https://realprogressives.org/taxes-for-revenue-are-obsolete/ “Money Growth Does Not Cause Inflation!” by John T Harvey: https://realprogressives.org/money-growth-does-not-cause-inflation/ Our episodes with Dr Sam Levey about war mobilisation: Episode 32 -How Uncle Sam Paid For World War II (part 1): https://www.patreon.com/posts/30005574, (part 2) https://www.patreon.com/posts/30112818, Episode 76: MMT For Mainstream Economists And Mobilisation Theory (part 1): https://www.patreon.com/posts/43697752, (part 2): https://www.patreon.com/posts/43886189     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 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: 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/     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/89667799?pr=true

Edited highlights of Professor John T Harvey's presentation on exchange rate determination and what his insights mean for progressive policies (such as the MMT Job Guarantee) at this year's Levy Institute MMT summer seminar.   Video of this event: https://youtu.be/kSyme-ak32s   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   For an intro to MMT: Our first three episodes: 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 of our episodes with John T Harvey: https://www.patreon.com/posts/44371783   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/   John T Harvey's Forbes blog: https://www.forbes.com/sites/johntharvey/?sh=474276c6685c   John T Harvey's Cowboy Economist channel: https://www.youtube.com/channel/UCL9PHjlPQ5wq0CD6vAibxYg/featured   Things that came up in this presentation: John T. Harvey - “Money Growth Does Not Cause Inflation!”: https://rptest.org/money-growth-does-not-cause-inflation/ Currencies, Capital Flows and Crises: A post Keynesian analysis of exchange rate determination By John T. Harvey: https://www.routledge.com/Currencies-Capital-Flows-and-Crises-A-post-Keynesian-analysis-of-exchange/Harvey/p/book/9780415781206     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   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   Sign up for Professor Bill Mitchell's online MMT 101 course (Sep 14 - Oct 12 2022): https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century   Details of Modern Money Lab's online graduate and postgraduate courses in MMT: https://modernmoneylab.org.au/   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/72283799?pr=true   Show notes: https://www.patreon.com/posts/72283811?pr=true

Christian talks to financial consultant Brian Romanchuk and economist Dirk Ehnts about a recent working paper published by Banque De France entitled “The Meaning of MMT”.   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 of our episodes with Dirk Ehnts: https://www.patreon.com/posts/44467243 Modern Monetary Theory and the Recovery by Brian Romanchuk: http://www.bondeconomics.com/2021/03/modern-monetary-theory-and-recovery_11.html   "The Meaning Of MMT" (Yeah, Sure) by Brian Romanchuk: http://www.bondeconomics.com/2021/10/the-meaning-of-mmt-yeah-sure.html   Follow Brian Romanchuk on Twitter: https://twitter.com/RomanchukBrian   Follow Dirk Ehnts on Twitter: https://twitter.com/DEhnts   The website of the 2nd International European MMT conference (2021), includes videos of presentations and panels: https://www.mmtconference.eu/   For MMT views on inflation, see:   Episode 65 - Phil Armstrong: Understanding Inflation: https://pileusmmt.libsyn.com/65-phil-armstrong-understanding-inflation Episode 88 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 1): https://www.patreon.com/posts/47638591 Episode 89 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 2): https://www.patreon.com/posts/episode-89-phil-47904999 Money Growth Does Not Cause Inflation! by John T. Harvey https://www.forbes.com/sites/johntharvey/2011/05/14/money-growth-does-not-cause-inflation/#6b405a2142f5   An MMT Response on What Causes Inflation: https://www.researchgate.net/profile/Scott-Fullwiler/publication/332318485_An_MMT_Response_on_What_Causes_Inflation/links/5cad762b92851ccd4ac06dea/An-MMT-Response-on-What-Causes-Inflation.pdf?origin=publication_detail   A Framework for the Analysis of the Price Level and Inflation by Warren Mosler: https://docs.google.com/document/d/1sySbx6EHOAYpAjE4FGnYApdZNyY6rh79KzajZxSU884/edit?fbclid=IwAR2L_RC11e8H40f-QhnPSrWxDmPM0bq8sFSDVKV87UXqA75vgvxx322eVN4 Weimar Republic Hyperinflation through a Modern Monetary Theory Lens by Phil Armstrong and Warren Mosler: http://moslereconomics.com/wp-content/uploads/2020/11/Weimar-Republic-Hyperinflation-through-a-Modern-Monetary-Theory-Lens.pdf     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/57313764

Inflation is useful as a way to stimulate an economy. But too much inflation and real-world harm can be done. So should we all still fear inflation? Or has the modern economy changed so much that it is no longer an issue? In episode FOUR of SCOTONOMICS we speak to John Harvey "the Cowboy Economist" https://twitter.com/john_t_harvey? John T. Harvey is an English-American professor of economics at Texas Christian University. Links to articles mentioned in the post: https://www.forbes.com/sites/johnthar... https://www.forbes.com/sites/johnthar...

Patricia and Christian talk to author and economist Professor John T. Harvey about inflation, what mainstream neoclassical economics gets wrong, and how to put it right.   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 John T. Harvey: https://www.patreon.com/posts/44371783   Our episode 47 with Pavlina Tcherneva: laying out the Job Guarantee https://www.patreon.com/posts/36034543   Four Reasons To Stop Panicking Over Inflation! by John T Harvey: https://www.forbes.com/sites/johntharvey/2021/05/12/four-reasons-to-stop-panicking-over-inflation/?sh=5ca7e8223a97   Money Growth Does Not Cause Inflation! by John T Harvey: https://www.forbes.com/sites/johntharvey/2011/05/14/money-growth-does-not-cause-inflation/?sh=63e1a9c42f58   Weimar Republic Hyperinflation through a Modern Monetary Theory Lens by Phil Armstrong and Warren Mosler: http://moslereconomics.com/wp-content/uploads/2020/11/Weimar-Republic-Hyperinflation-through-a-Modern-Monetary-Theory-Lens.pdf   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   Transcript for opening monologue: https://www.patreon.com/posts/52208093   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/52207835

Patricia and Christian talk to Professor John T Harvey about international monetary economics, what influences currency prices, and much more.   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   For an intro to MMT: 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 John T. Harvey:  https://www.patreon.com/posts/44371783   Our episodes on inflation:  Episode 7: https://www.patreon.com/posts/41780508 Episode 65: https://www.patreon.com/posts/40672678   Our episode on the external sector: Episode 72: https://www.patreon.com/posts/43043601   Previous episodes on currency prices: Episode 6: https://www.patreon.com/posts/41779230 Episode 41:https://www.patreon.com/posts/32695528 Episode 64: https://www.patreon.com/posts/40518059  Episode 72: https://www.patreon.com/posts/43043601   Our Episode 10 with Chiara Zoccarato on The Eurozone crisis:  https://www.patreon.com/posts/41789282   Our Episode 55 with Dr Dirk Ehnts on A Way Forward For The Eurozone: https://www.patreon.com/posts/38252014   Professor John T Harvey’s writing: Money Growth Does Not Cause Inflation!: https://www.forbes.com/sites/johntharvey/2011/05/14/money-growth-does-not-cause-inflation/?sh=d18253a42f58#185812f542f5   Currencies, Capital Flows and Crises: A Post Keynesian Analysis of Exchange Rate Determination: https://www.amazon.com/gp/product/B002132QYM/ref=dbs_a_def_rwt_hsch_vapi_taft_p1_i0   Transcript for opening monologue: https://www.patreon.com/posts/44373910   Show notes: https://www.patreon.com/posts/44373728 

This week we welcome back our favorite Cowboy Economist, who immediately tells us what a great job Real Progressives and Macro & Cheese are doing. Smart guy! John Harvey and Steve have much to discuss. The coronavirus pandemic is showing no signs of abating. It underscores or exacerbates all the other monumental problems we’re facing. There’s the high stakes presidential election asking us to choose between a deficit hawk neoliberal and a lunatic, while a large portion of the public have no faith that the electoral process is anything but rigged, especially after the primaries. Police brutality and injustice have reached critical mass, sending people into the streets in numbers we haven’t seen in our lifetimes. The climate crisis is being ignored, but the IPCC predictions hang over us like a doomsday clock, ticking away. Steve and John share the frustration of everyone who understands MMT: we know things don’t have to be this way. John holds the current economics discipline in particular disdain. Politicians turn to mainstream economists for advice, but the leading lights in the field believe that the market fixes itself. Paul Krugman might concede that we can “help it along,” but there are few other fundamental differences between the liberals and conservatives in the profession. Given that we’re staring down the barrel of a worldwide depression, Steve asks what we can learn from the Wall Street crash of 1929. John gives a concise history lesson, beginning with the enormous economic expansion that took place in the 1920s when, for the first time, there were as many people living in cities as on the farms. It was a time of huge investments on the part of government, businesses, and individuals. The federal response is where we see the difference between the depression of then and now. Today both parties confuse the economy with the market system. The economy is the means by which we meet our needs for food, shelter, and clothes, among other things. We don’t need the free market system to do that. During the New Deal, they applied extra-market solutions. There wasn’t a food scarcity, nor is there in 2020. What people need is an income so they can purchase those necessities, pay the rent and bills. John says that policies of the New Deal addressed social problems, not market problems. There were urban and rural projects, like building city parks or the Tennessee Valley Authority, creating jobs while improving the quality of life for residents of the area. Compare the government’s solutions today. The COVID-19 crisis has created massive unemployment and business closures, The response by every state governor is to increase commerce - get the market running again. The federal government could have generated income for everyone. Instead, we’re going to emerge from this pandemic under a mountain of debt. This interview isn’t entirely limited to the discussion of economics -- it would be hard for John and Steve to stay away from politics for a full hour. Their exchange of ideas is interesting because neither of them insists that he has all the answers. (We need a strong third party in order to exact some leverage. Or should we expend energy on parties at all right now?) They appear to be considering and reconsidering their positions just as we all are. In our whiplash world, how could we trust anyone who claims otherwise? John T. Harvey has been a Professor of Economics at Texas Christian University. since 1987. He specializes in exchange rates, macroeconomics, business cycles, and contemporary economic schools of thought. Check out the Cowboy Economist on YouTube.. https://www.youtube.com/channel/UCL9PHjlPQ5wq0CD6vAibxYg/featured @John_T_Harvey on Twitter

Our guest this week is John Harvey, the alter-ego of everybody’s favorite Cowboy Economist.  While this cowboy would be at home in any MAGA rally, we find that behind his homespun wisdom is a great deal of planning and analysis. John talks to Steve about his approach to framing macroeconomics in such a way as to break through our preconceived notions.   In response to recent attacks on Modern Monetary Theory as a radical plan, John’s aim is to show that there’s nothing radical about it. It’s been with us all along. Who better than a cowboy to carry this message?   In explaining the Green New Deal and federal job guarantee, John’s first step is to point out that it’s not in the private sector’s best interest to hire everyone who is willing to work. The private sector minimizes the use of labor because labor is a cost, so there’s no reason to expect them to hire everyone who wants to work. This isn’t necessarily a bad thing; when businesses automate, it saves us money as consumers, but it puts people out of work.   So, on the one hand there’s a pool of labor that private sector won’t hire, and on the other hand there are services that our communities require. The police and fire departments are obvious examples and from there it’s not such a leap to think of others, like child protective services or environmental cleanup.  None of these are profitable industries, so we can’t expect the private sector to meet those needs.   On to the big question: how will we pay for it? To answer this, John takes us back to World War II. When the US entered the war, after the bombing of Pearl Harbor, there was still massive unemployment. The government didn’t borrow money by selling bonds, then build factories and hire the workers. The sequence of events was pretty much the opposite. They spent the money, creating it in the process. They built the factories, activating idle resources and taking resources from the private sector. In John’s narrative, they took steel that would have been used to build Fords and used it to build Shermans. The role of war bonds was never to finance the war. Their main purpose was to deter people from spending the newly earned income that was burning a hole in their pockets on products that were no longer available due to the shifting of production priorities.   This episode will interest anyone new to MMT, as well as those who hope to introduce others to the concepts.    John T. Harvey is a professor of Economics at Texas Christian University http://personal.tcu.edu/jharvey/cowboyeconomist/index.html   Follow him on YouTube https://www.youtube.com/channel/UCL9PHjlPQ5wq0CD6vAibxYg/featured   Twitter @John_T_Harvey   Read his blog https://www.forbes.com/sites/johntharvey/#5935884b685c

In last week’s conversation with Christian, professor of Economics John T. Harvey laid out an easy to follow, step-by-step, jargon-free way to understand macroeconomics. This week John addresses some of the pushback Modern Monetary Theory has been receiving from mainstream commentators, and talks about using metaphors, stories and historical examples to illustrate his insights. John also introduces us to his creation, The Cowboy Economist. Please help sustain this podcast by donating to our Patreon! Patrons get early access to our episodes: https://www.patreon.com/MMTpodcast  Read John’s article - “MMT: Sense Or Nonsense?”: https://www.forbes.com/sites/johntharvey/2019/03/05/mmt-sense-or-nonsense/#4c573f258527 Check out John’s Cowboy Economist channel: https://www.youtube.com/channel/UCL9PHjlPQ5wq0CD6vAibxYg 

Christian talks to professor of Economics John T. Harvey as he builds a solid macroeconomic framework from easy-to-follow first principles. Please help sustain this podcast by donating to our Patreon: https://www.patreon.com/MMTpodcast Read John’s Forbes article: “MMT: Sense Or Nonsense?”  Check out John’s Cowboy Economist channel: https://www.youtube.com/channel/UCL9PHjlPQ5wq0CD6vAibxYg   

  John T. Harvey has been a Professor of Economics at Texas Christian University since 1987, after earning his Ph.D. in Economics that year from the University of Tennessee. He specializes in international economics (particularly exchange rates), macroeconomics, history of economics, and contemporary schools of thought. Dr. Harvey's work combines analyses rooted in the scholarly traditions of John Maynard Keynes and Thorstein Veblen with that of modern psychology to produce a set of new theories to explain international monetary economics, including not only exchange rates but also world financial crises.   Dr. Harvey has published over thirty refereed publications, edited two volumes, and received a number of teaching awards. In 2010, Dr. Harvey published a book titled Currencies, Capital Flows and Crises (Routledge), which presented a Post-Keynesian explanation of exchange rate determination based on the premise that it is financial capital flows and not international trade that represents the driving force behind currency movements.   Dr. Harvey has previously served as chair of the TCU Department of Economics, as well as Executive Director of the International Confederation of Associations for Pluralism in Economics. He is Co-editor of the World Economic Review and a member of the board of directors of the Association for Evolutionary Economics, as well as the editorial boards of the American Review of Political Economy, the Critique of Political Economy, the Encyclopedia of Political Economy, the Journal of Economics Issues, and the Social Science Journal.   Dr. Harvey currently writes an economics blog for Forbes called Pragmatic Economics, which offers economic commentary in a manner understandable to the general public, and can also be followed on Twitter. He has been married to Melanie Harvey for over twenty-five years and has twin daughters and a dog named Rommel.