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RadioMMT

Anne Maxwell & Kevin Gaynor

Economics for the rest of us!

news & politics

All Episodes

#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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#024 Anne & Kev: Biff! Bam! Kapow!

RadioMMT ·

2024/01/26

It is our most sensational Letter from Bill Mitchell, yet! The gloves are off, and the hand-to-hand combat is more exciting than your average manga comic -- not least because our well-being is riding on it. Shownotes How Japan escaped neoliberalism and lived happily ever afterby Alan Kohlerpublished in The New Daily, 3rd December, 2023 Should Jim Chalmers adopt MMT to offer Swedish services with Swiss taxes?by Percy Allanpublished in Pearls and Irritations, 7th December 2023 Theme MusicPleading

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#023 Christian & Patricia: Once You See It, You Can't...

RadioMMT ·

2024/01/12

"You can't un-see it" describes how it feels to be released from a misguided understanding about how money works. Once you understand how it is that the federal government of Australia can never run out of Australian dollars -- you can't un-see it. So many more revelations follow on from this. MMT is a paradigm shift that Christian and Patricia want to share with the world, via their podcast, The MMT Podcast. Show Notes Finding The Money, tickets for screenings in Australia, March 2024 The MMT

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#022 Anne & Kev: Target Spending Not Bombs

RadioMMT ·

2023/12/22

Anne and Kev discuss the good, the bad, and the ugly of 2023, including the slaughter in Palestine. The latest Letter From The Cape, by economist, Bill Mitchell, reveals a simple idea that could deliver hope and peace for the New Year. And we invite you to the movies! Show NotesThe Smith Family and their Adventures with Money (manga) Money for Beginners: An Illustrated Guide (book)By: L. Randall Wray, Heske van Doornen (Illustrator) The Lost Cause (book) by Cory Doctorow Theme MusicPleading

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#021 The Neoliberal Myth You Probably Believe

RadioMMT ·

2023/12/08

The grandaddy of all economic lies is known as the "barter myth". It sounds so innocuous. Yet it continues to do great damage. At the core of mainstream academic economics, are economic models, known as "general equilibrium" models. At the very core of "general equilibrium" models lies the "barter myth". This misleading myth prevents us from understanding the system we all participate in every day - the monetary system. This misleading myth has policy advisors whispering in the ears of our

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#020 Anne & Kev: Impoverish Thousands In One Simple Step

RadioMMT ·

2023/11/24

The RBA's operating manual comes with instructions for one lever. Raise or lower interest rates. Australia's central bank, the Reserve Bank of Australia (RBA) can raise and lower the interest rate it announces to the commercial banks, and the commercial banks pass that onto its borrowers. Most borrowers are people with mortgages. MMT economist, Professor Bill Mitchell, explains how raising interest rates helps to widen the ever-increasing wealth divide in Australia. A pretty good trick if you want

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#019 Jacob Andrewartha: Encounters With Eco-Socialists

RadioMMT ·

2023/11/10

If eco-socialism is the bank heist, then MMT is the blueprints of the bank, showing vaults, ventilation shafts, exits, etc. Then why do some eco-socialists appear so disinterested in MMT?Maybe the blueprints don't matter when what you really want to do is blow up the bank.What does MMT have to offer radicals? Can MMT offer itself as a tool for system change, or can it only tinker around the edges? What's the point of economic reforms that will eventually get rolled back anyway? With attendees of

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#018 James & Kev: More Wellbeing

RadioMMT ·

2023/10/27

James steps in again as Anne continues her well-being break. This episode we explain the intersection between well being and the economy, and what measurements should be used. World famous economist Simon Kuznets, who was the architect of GDP, said, whatever you do, don't use GDP as a measurement of well being. So what did the world do?! Huh? Exactly what you'd expect. James & Kev will introduce far better methods, including Phillip Lawn's, GPI.The Warumpi Band remind us we gotta be strong post

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#017 James & Kev: Wellbeing

RadioMMT ·

2023/10/13

Anne is taking a break to look after her well being. What is well being? What's it got to do with the economy? James joins Kevin in Anne's place to discuss, because it just so happens he's studying this topic right now.We also give Joni Mitchell a listen. If you have any feedback on the show please email us on: radiommt@gmail.comTheme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.

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#016 Anne & Kev: Economic Entitlement & Economic Pain

RadioMMT ·

2023/09/22

Anne and Kev open not one, but two, Letters From The Cape, from economist Bill Mitchell. Bill reveals the double standards of those who run our economy, and how economic assumptions seep into cultural biases. Meanwhile, Tim Gurner lets slip the real reason governments are raising interest rates. Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck. Visions Of You by Jah Wobble's Invaders Of The Heart, with

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#015 Alan Kohler: Living In The Real World

RadioMMT ·

2023/09/08

While the federal government's "2023 Intergenerational Report" might contain some useful data, economist Bill Mitchell helps us to understand what all the hand-waving is about. We then return to the second half of our conversation with Alan Kohler, and range over topics from government surpluses to climate change. This was our chance to discover how much we might have in common with a mainstream commentator who takes progressive economics into consideration. There is definitely some overlap. But we

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#014 Alan Kohler: Who Should Control the Public Purse?

RadioMMT ·

2023/08/25

Anne & Kev speak with Alan Kohler who is one of the few financial commentators to give due consideration to Modern Monetary Theory (MMT). We reminisce about the 1970s, a time of Kombi vans and major shifts in macroeconomic policy. We consider the causes of the current inflation, and whether to trust politicians with the public purse. This is the first of two parts of our conversation with financial journalist, Alan Kohler. Theme MusicPleading Ignorance, by Ed Kuepper, from the album

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#013 Lachlan Kerwood-McCall: Defending Our Right To Work

RadioMMT ·

2023/08/11

Whenever an MMT-friendly economist speaks about the Job Guarantee (JG), it always sounds like a win-win-win. A win for the disadvantaged, a win for low-income workers, a win for our standard of living, a win for the environment. So why isn't a job guarantee at the forefront of workers' struggles? We ponder this with former chief economist of the Australian Council of Trade Unions (ACTU), Lachlan Kerwood-McCall. Note: This is the second of two parts of our conversation with economist Lachlan

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#012 Lachlan Kerwood-McCall: Peer Pressure in Economics

RadioMMT ·

2023/07/28

What must the peer pressure be like, within a profession that keeps everyone in line with set of ideas, models, policies and practices known to be based on false assumptions, and to have detrimental effects on millions of lives? Economist Lachlan Kerwood-McCall has a great take on this. Using the example of the recent review of the Reserve Bank of Australia (RBA, Australia's central bank), Lachlan gives us some insights on how mainstream economists navigate the cognitive dissonance generated when

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#011 Anne & Kev: We Are All Targets of Robodebt

RadioMMT ·

2023/07/14

Think you had to get a debt notice to be a victim of Robodebt? Think again. The troubling implications of Robodebt are manifold. Robodebt might be the least of our calamities, if the political obsession with budget surpluses continues. Robodebt probably wont be the last systemic injustice, if we don't reflect on its political dimensions. Oppression of unemployed and employed workers will continue if we don't wake up to the real drivers behind Robodebt. As the report of the royal commission into the

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#010 Anne & Kev: Fifth Friday Show

RadioMMT ·

2023/06/30

In his eighth "Letter From the Cape", economist Bill Mitchell, co-founder of Modern Monetary Theory (MMT) answers one of the great economic mysteries, if the Australian federal government can never run out of Australian dollars, why does it tax us? The rest of the show is a dog's breakfast. But then, it is the fifth Friday. Show NotesExcerpts from a panel session: Do we need ‘big’ government?held at the Adelaide Festival's Writers' Week, in March 2023Broadcast Wed 22 Mar 2023 at

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#009 Randall Wray: The Dirty War Waged By Central...

RadioMMT ·

2023/06/23

Professor L. Randall Wray, co-founder of Modern Monetary Theory (MMT) walks us through the topsy-turvy world as revealed by MMT. An American Congress that doesn't want the people to know who they really represent. The pandemic spending that saved us from a surplus. Central bankers who ruthlessly destroy parts of their own financial system. Along the way we also learn of some surprising ingredients that go into the making of an MMT economist. Show Notes recent articles by L. Randall Wray Alternative

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