Part 2: Patricia and Christian continue their conversation with economist and author Dr Phil Armstrong about the least useful pieces of economic coverage from 2024.
This episode:
7) “Markets are natural!”
8) “Banks create all the money!”
9) Labour’s Fiscal rule
10) “The government is helpless!”
Full conversation here: https://www.patreon.com/posts/patron-only-top-119833826
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
- “Finding The Money”, a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money
- Updates on worldwide screenings of “Finding The Money” can be found here: https://findingmoneyfilm.com/where-to-watch/
- To arrange a screening of “Finding The Money”, apply here: https://findingmoneyfilm.com/host-a-screening/
STUDY THE ECONOMICS OF SUSTAINABILITY!
- Details of Modern Money Lab’s online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/
Relevant to this episode:
- 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
- “Federal Debt and Modern Money” by Steven Hail & David Joy: https://www.global-isp.org/wp-content/uploads/PN-121.pdf
- "There is no need to issue public debt” by Bill Mitchell: https://billmitchell.org/blog/?p=31715
- 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 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/post
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