PODCAST

RadioMMT

Anne Maxwell & Kevin Gaynor

Economics for the rest of us!

news & politics

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#044: The Luigi Mangione Alternative

RadioMMT ·

2024/12/27

Worried about the multiple crises we are living through? Housing, cost of living, inequality, poverty, food waste, species extinction, floods, bushfires... People smarter than us know how we can de-grow towards a sustainable, circular economy. And we will be much happier and healthier as a result!We hear from some of those smart people -- Dr Mark Diesendorf, Dr Marilyn Waring, and Dr Steven Hail -- in an excerpt from a podcast called The Sustainable Hour, hosted by Mik Aidt. Anne agrees it is all

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#043: Trump, & Public Money - Public Good

RadioMMT ·

2024/12/13

This week Kevin discusses some of the implications of the return of Trump with fellow MMTers, Jackson and Kent. Could there be some unforeseen advantages having a right wing maniac in the US drivers seat, or is this just an optomistic fantasy? This raises the question: what is the purpose of money? The consensus we come to is that money should be a public utility used for the public good. However to make that happen we need to organise. Public Money, Public Good.

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#042: Steven Hail: Fear and Chaos in America

RadioMMT ·

2024/11/22

Anne asks economist Dr. Steven Hail, what do we have to fear from Project 2025? The answer might surprise you. What's more, we answer the implied question. If most of our political leaders, economists, bureaucrats etc do not understand how the monetary system works, then how is it the system works as well as it does? (Of course we could be managing our monetary system, and our economy, so they serve people and planet a lot better than they currently do.) Show Notes Project 2025 (chapter 24) Lever

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#041: Owen Bennett: When Labour Lost The Plot

RadioMMT ·

2024/11/08

For a short time, for a mere three decades, Australia came close to securing the foundations for a truly egalitarian society. Economic historians look back upon this era as "The Golden Age". Full employment was the key to this shared prosperityYet in a shocking betrayal of workers, labour activists abandoned the struggle to eliminate involuntary unemployment. Why? And can we return to a full employment economy? Show Notes The Hawke-Keating Hijack : the ALP in transition, by Dean Jaensch (book) Trove

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#040: Owen Bennett: The Shocking Betrayal Of Workers...

RadioMMT ·

2024/10/25

Human and planetary flourishing is possible despite the multiple crises we face. One solution at our fingertips is a "full employment economy". What stands in the way of implementing this solution? Not money. We can financially afford an economy where everyone has the amount of paid work they want. Political will is the obstacle. In fact Labor are heading in the opposite direction in their efforts to increase the rate of unemployment.We speak with Owen Bennett, who believes he has found the Labor

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#039 Anne & Kev: Protecting the Purity of the Central...

RadioMMT ·

2024/10/11

Can anyone explain why we have a "per capita recession"? Anne & Kev can't help noticing the government is in surplus and not spending enough of our public money, and the Reserve Bank of Australia (RBA) is putting a high price on money. Could it be the Labor government is more interested in the optics than the actuality of being good economic managers? Could it be that interest rate decision-making isn't much more than a puritanical morality play?Anne & Kev have a good crack at both fiscal and

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#038 Martha & John: Economic Repair Is A No-Brainer

RadioMMT ·

2024/09/27

If the Labor party opens the neoliberal door a crack, and the Liberal party kicks that door off its hinges, how do we fix that gaping hole through which the destructive winds of inequality and climate destablisation continue to blow? Neither of our major parties in Australia seems willing to do so.The answers are pretty straightforward. Any handyman could tell you, "it's a no-brainer". Although, the politics is not... unless we organise! ShownotesAustralia's welfare is 'breeding a nation of

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#037 Worst Neoliberal Policy Ever

RadioMMT ·

2024/09/13

With the help of Martha Knox-Haly, and John Haly, we examine the worst ever neoliberal policy that continues to inflict suffering on hundreds of thousands of Australians. Just how airy-fairy are the economics behind this policy, and how could unions and Labor governments have fallen for all this? Show Notes Fiat Socialism by Carlos García Hernández (book review) How Labour Built Neoliberalism by Elizabeth Humphrys (book) The Deficit Myth by Stephanie Kelton (book)Choosing unemployment: what of job

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#036 What Happens When a Nation Abolishes Money?

RadioMMT ·

2024/08/23

Mainstream economists continue to scare "monetarily sovereign" governments away from spending enough of their own currency to meet the needs of their citizens, by invoking the debt and default bogeyman. They use these bogeyman stories to keep us hobbled by unnecessary austerity policies. One such story is what happened under the Khmer Rouge regime in Cambodia.Even mainstream economists usually don't recommend getting rid of money altogether!Cambodia attempted to to this. Given the opportunity, would

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#035 Rosie: How To Be A Climate Activist

RadioMMT ·

2024/07/26

[This episode contains content which some people might find distressing. This includes discussion of strip searches and incarceration. Please take care and use discretion.] How brave do you need to be, to be a climate activist? You don't have to be a "disrupter" like Rosie, but her story of a day in the life of a "non-violent, direct, disruptive" climate activist with Blockade Australia is gripping and encouraging. And don't forget: MMT is a description of the monetary system. It is also a framework

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#034 Phil Lawn: Confiscate Economic Rents

RadioMMT ·

2024/07/14

One of the greatest dangers that monetary systems present to a democratic society is the phenomenon of "economic rents". Economist Phil Lawn reminds us this battle over economic rents is a century-old debate. This battle plays out in newspaper headlines about the housing crisis to this very day. And we oldies slow down to delve into Phil's unique take on the "cost to live". Show Notes Gold as a Peace CurrencyJul 8, 2024from a Q&A session with Professor Michael Hudson hosted by Karl Fitzgerald Theme

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#033 Phil Lawn: The Time Traveller's Purse

RadioMMT ·

2024/06/28

With great power comes great responsibility, and according to heterodox economist Phil Lawn, modern money comes with the greatest power of all -- the ability to time travel.It is this ability to bring the future into the present, that has been harnessed by a few lucky individuals, such that Australia’s 47 billionaires now have more wealth than the bottom 7.7 million Australians. Billionaires in space is just a symptom of a bigger problem. Billionaires have taken control of the time machine we call

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53:16

#032 Kev and Kent: Sound On For Solidarity

RadioMMT ·

2024/06/14

The best way to support RadioMMT is to make a donation during the 3CR Radiothon this June.To talk all things solidarity, Kev is joined in the studio by Kent Getsinger, union organiser with Victorian Allied Health Professionals Association (VAHPA). Kent is a regular at the SPAG-Naarm pub nights and student of MMT-style economics. Anne phones in from where she has been self-isolating with a cold, to discuss the connection between MMT, solidarity, and fire ants!Thank you to our lovely, generous

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#031 Karl Fitzgerald: A Return To The Commons

RadioMMT ·

2024/05/24

Anne is away and leaves Kevin to run the show alone. Risky, however Kevin enlists past 3CR presenter and progressive economist, Karl Fitzgerald from Grounded, to speak about Community Land Trusts. This is a community scheme to reclaim housing for public use for those who need it, a return to the concept of The Commons. After that Kevin explains his affection for the Polish economist, Michal Kalecki, and his theory of income distribution.

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#030 Kev and the Attention Economy

RadioMMT ·

2024/05/10

Anne sets Kev a challenge based on how MMT is presented in the mainstream media. And we dissect some typical discussions about money, as heard on social media. Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional Audio Too Many Things, by Ed Kuepper, from the album Starstruck. ABC_Q+A11th of March, 2024Tech Giants, Generational Divides & Gaza Aidwith appearance by economist Stephanie Kelton Freakonomicsepisode 585, 24th of April 2024Stephen J. Dubner interviews

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#029 Andy: Inflation. Spend Less? Spend More? Stop?

RadioMMT ·

2024/04/26

Central banks are sent to battle inflation, equipped only with "nuclear-interest-rate-bombs". How might the federal government take a more nuanced approach? Should it stop spending, spend less, spend more?Maybe it should take note of the three-Cs of managing inflation -- causality, capacity, & creativity -- as heard only on RadioMMT, in this conversation with Andy the data analyst. Shownotes"MMT in a post-COVID world", ANZ On Air, July 2021 Fadel Kaboub, MMT economist Andy's graph takes the wind out

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#028 Andy: Battling the Inflation Bogeyman

RadioMMT ·

2024/04/12

We are experiencing levels of inflation unlike any we have seen for decades. What exactly is going on here? And what is this battle over the narrative around inflation? With the help of Andy, a data analyst with a few magical measurements up his sleeve, we will spend the next two episodes wrangling the inflation bogeyman. There is a lot at stake. Keeping everyone scared of the bogeyman is useful if you are a greedy neoliberal who wants to prevent the rest of us from accessing the treasure of the

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#027 Finding The Money: The Curly Questions

RadioMMT ·

2024/03/22

Anne & Kev reflect on a film tour which blasted through Australia in the first half of March 2024. The film is called Finding the Money, and centres on the MMT story of money, and an honest approach to national so-called “debts”.On tour were the film’s director Maren Poitras, and the MMT economist featured in the film, Professor Stephanie Kelton, and Australian economist Dr. Steven Hail.For those who were not able to get to any of the events, we are bringing you some of the highlights of a Q&A which

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#026 Maren Poitras: Hidden Knowledge That Will Drive...

RadioMMT ·

2024/02/23

Maren Poitras picks up her 'prosumer' camera, and walks into a battlefield. There she finds an underdog group of economists holding out against a storm of criticism.Why the attack? They asked the taboo question. The question which will either ostracise you, or drive you crazy!This is the question that Maren pursues in her film, Finding the Money. Her film follows this plucky group of economists, hunkered down for the long haul, and determined the world should know the answer to that fateful

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#025 Maren Poitras: How I Learned To Love The...

RadioMMT ·

2024/02/09

While Kev is away, Anne is joined by fellow MMT-traveller, Jackson. We discuss a conversation Anne & Kev had with Maren Poitras, director of a film called "Finding the Money", the perfect antidote to "debt hysteria". Finding the Money, follows the trials and tribulations of MMT economists, notably Stephanie Kelton. Maren and Stephanie will be touring Australia with the film during February and March 2024.Support RadioMMT with your annual subscription to 3CR Radio.Subscribe online here. Finding The

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