Applied MMT
Discussing the economy, public policy, and current events through an MMT (Modern Monetary Theory) lens.
Episodes
In this episode, Charles Hayden joins Ryan to discuss:
- Warren Mosler’s thesis that the Fed has interest rate policy backwards
- MMT academics countering mainstream economists
- Mainstream economists thinking unemployment is necessary to reduce inflation
- Saudi oil prices & their impact on inflation
- Negative GDP prints in 2022 & recession fears
- Bank credit increasing despite rate hikes
- Fed collateral rules rather than rate hikes cau...
In this episode, Adam and Ryan discuss:
- Shout out to Nick Gomez of ANG Traders (@ANGTraders)
- Fears of market liquidity drain during TGA refill in late May/early June
- The mechanics of the TGA refill
- The Fed's reverse repo facility
- MMT being blamed for inflation
- Randy Wray and Yeva Nersisyan's policy recommendations at the beginning of the pandemic
- MMT's opposition to UBI
- Are rate hikes keeping companies alive?
- Addressing t...
In the second part of our two-part conversation, Nick Gomez of ANG Traders joins Adam and Ryan to discuss:
- The causes of post-COVID inflation
- Unemployment benefits & "no one wants to work anymore"
- The US fiscal situation in 2023 vs. 2022
- Shortages in the housing market
- How Nick analyzes the stock market
- The effects of treasury issuance
- Accounting between the Fed & Treasury
- The relationship between treasuries and the s...
In this episode, Nick Gomez of ANG Traders joins Adam and Ryan to discuss:
- Nick's background in physics/math and how he became interested in MMT
- Reactions to Nick's work on Seeking Alpha
- Understanding the US dollar, national debt, and debt ceiling
- Treasuries as UBI for people who already have money
- The relationship between stocks & interest rates
- Nick's bullish outlook on the US economy
- Challenges in explaining MMT
- H...
In this episode, Adam and Ryan discuss:
- The state of the economy & stock market
- Additional rate hikes in Argentina
- Ryan's attendance at the Warren Buffet/Berkshire Hathaway shareholder meeting
- Profit margins, inflation, and bank lending
- Michael Green (@profplum99) vs. Warren Mosler's economic outlooks
- "Money" by James Madison
In the second episode of this two-part interview, Warren Mosler, one of the "founders" of MMT, joins Adam and Ryan to discuss:
- Warren’s take on the inverted yield curve
- Cost of capital & entrepreneurship
- Effects of low interest rates
- Where does additional interest income go? Is it driving growth?
- Interest rates and equity valuations
- Fiscal contraction in early 2022
- Lack of conversation around fiscal policy as opposed to...
In the first episode of this two-part interview, Warren Mosler, one of the "founders" of MMT, joins Adam and Ryan to discuss:
- Warren's perspective on rate hikes vs. other MMTers
- Warren's meeting with George W. Bush's Chief of Staff, Andrew Card
- Warren's conversations with Paul Krugman on deficits/inflation
- Warren's conversations with Argentina's central bank on interest rates/inflation
- Forward...
In this episode, Adam and Ryan to discuss:
- Recent Richard Murphy/MMT Twitter controversy
- The Republican proposal to put the US back on a gold standard
- Public vs. private solutions to real estate issues
- Ryan’s concept of the “real resource dividend”
- Thoughts on the Job Guarantee
In this episode, Adam and Ryan to discuss:
- Big banks moving deposits to FirstRepublic
- Hold-to-maturity securities
- Misunderstandings around banking
- Solvency issues vs. liquidity issues
- Bitcoin and banking
Links
In this episode, Adam and Ryan to discuss:
- The failure of Silicon Valley Bank
- Morgan Ricks' commentary on bank runs and game theory
Links:
In this episode, Bijou Smith of MMT Macro Trader joins Adam and Ryan to discuss:
- Bijou's background in physics and how he became interested in MMT
- Why MMT is important
- The relationship between economics & physics
- How Bijou and Douglas started collaborating on MMT Macro Trader
- Using machine learning & neural networks to model the macroeconomy and stock market indices
- How the job guarantee fits into capitalism
- Adam Smith, e...
In this episode, Adam and Ryan discuss:
- Whether or not all MMTers believe interest rate hikes are expansionary
- The newest PCE inflation data
- Retail inflows to the stock market
- Interest rates and asset bubbles
- The post-2008 venture capital boom
- Gambling apps & cryptocurrency
Links:
In this episode, Adam and Ryan discuss:
- The disaster in East Palestine, OH
- The UFO/UAP incidents
- The January retail sales boom
- Energy prices and their inflationary effects
- The costs & benefits of trade deficits
Links:
In this episode of Applied MMT, Adam and Ryan discuss:
- Edward Harrison's recent tweet on the expansionary effects of interest income
- The differences & similarities between today's rate hikes and the Volcker-era
- Credit growth despite rate hikes
- Joey Politano's recent thread on rate hikes
- Bank lending post-2008 vs. today
- In celebration of Superbowl Sunday, the institutional structure of the NFL and how it contributes...
In this episode, Douglas of MMT Macro Trader joins Adam and Ryan to discuss:
- The January jobs explosion
- The debt ceiling
- Endogenous vs. exogenous money
- Banks as finance "franchises"
- The Eurodollar & shadow banking
- Appreciating vs. depreciating currencies
- The effects of rate hikes and what to expect in the next few months
- Whether or not the Fed will pivot on rate hikes
Links:
In this episode, Adam and Ryan discuss:
- Recession fears
- The "white collar recession"
- The US debt ceiling
- The trillion dollar platinum coin proposal
Links:
In this episode, Adam and Ryan discuss how they came to learn about MMT and why they believe it's so important. They also discuss their future plans and goals for the podcast.
They touch on:
- MMT's accuracy as a description of the financial system
- The COVID pandemic and policy response
- Inflation
- Quantitative easing
- Interest rate hikes and their effects
Links:
Popular Podcasts
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
If you can never get enough true crime... Congratulations, you’ve found your people.
NFL.com's "Around the NFL" crew (Gregg Rosenthal, Dan Hanzus and Marc Sessler) break down the latest football news, with a dash of mirth.
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Listen to 'The Bobby Bones Show' by downloading the daily full replay.