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Retired civil engineer, Ray Maxwell, was hearing some pretty strange things coming out of MMT. So he took a good look into Modern Monetary Theory. Ray emerged with a one-page answer to "what is MMT", along with some fightin' words:austerity is murder (what's more, murder committed by our government)a job guarantee is essential to a civilised societyapplying the insights of MMT to address global warming is the only future we haveHow does Ray justify these massive claims? Trigger warning, some discussion of suicide. Please use discretion when listening. Show NotesMacro N Cheese (podcast hosted by Steve Grumbine) The Deficit Myth (book)by Stefanie Kelton Corporate Welfare Abounds (blogpost)by Professor Bill Mitchell (economist) MMT predicts well – Groupthink in action (blogpost)by Professor Bill Mitchell (economist) Warren Mosler: The Financial Sector - A Cost-Benefit AnalysisMMT Podcast with Patricia Pino & Christian Reilly Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.
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ДРУГИЕ ЭПИЗОДЫ В ЭТОМ ПОДКАсте
If we understand the federal government does not tax us in order to get its spending money, then why does it tax us at all? Anne and Kev tackle this question with the help of presentations given by Professors John Quiggin and Bill Mitchell at a Queensland Fabians event. Shownotes Public Money. Publ…
Poverty, vilification, and social isolation. Unemployment causes untold damage to individuals, families and communities. You might think we would want to minimise these harms by minimising unemployment.Since at least the 1940s we have known how to run an economy on genuine full employment (less tha…
Why is it when ordinary workers are awarded a small pay increase in line with cost of living increases that business cries, "Inflation!", while at the same time demanding that their perks and ever increasing profit margins, essentially pay increases, are good for the economy?As radio station 3CR tu…
Bonds! So very confusing and so misleading. An instrument deliberately used by orthodox, conservative economists to lead us down a very unnecessary garden path. We pull back the misinformation to explain why they probably do more harm than good. Theme MusicPleading Ignorance, by Ed Kuepper, from th…
We review the Australian Federal Government's 2026 annual budget, and focussed on:The Good: the reversal of neoliberal tax policies that have been driving up property prices since 1999.The Bad: the austerity shown by the government buckling under pressure from the RBA.The Ugly: the way disabled peo…
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