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RadioMMT

Anne Maxwell & Kevin Gaynor

Economics for the rest of us!

news & politics

All Episodes

#067 Bill Mitchell: He Wants To Shock Japan!

RadioMMT ·

2026/01/23

Despite the hysteria of mainstream economists, Japan's economy seems to be doing okay. So why does Professor Bill Mitchell (co-founder of Modern Monetary Theory) want to shock the Japanese economy? Bill talks about his ongoing work at Kyoto University, where he is involved with a team of academics who advise the current Japanese Prime Minister, Sanae Takaichi. We discuss the currency-issuing capacity of government, the nature of deficits, and the unusual occurrences of surpluses. Show Notes Video –

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#066 WTF Is Money?

RadioMMT ·

2026/01/09

We all use money. We have some sort of understanding of how to use it and how to lose it. It defines so much of what we can and can't do. But what is it and where does it come from? It turns out that we actually don't have a very good understanding of what money is.Katy and Kev start the conversation and try to figure what money is, and how it's been captured by corporate interests.

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#065 Why Don't People Understand MMT?

RadioMMT ·

2025/12/12

MMT is simply an analysis of how our economy actually operates. So how come some people, including so-called economic experts and authorities, don't get it? Katy and Kevin explore the conflict that economic orthodoxy faces when presented with the facts. Show Notes Katy Swain is a student of Modern Money Lab's graduate course in the economics of sustainability. Katy blogs here. Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper,

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The Neoliberal Myth You Probably Believe (repeat)

RadioMMT ·

2025/11/28

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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#064 Austerity Is Murder & Other MMT Revelations

RadioMMT ·

2025/11/14

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

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#063 Jim Byrne: Empowering Ourselves With MMT

RadioMMT ·

2025/10/24

You can use MMT to get out from under austerity. You can spend money to create resources. You can reclaim your monetary sovereignty. A truly inspiring conversation with a pro-independence Scots-speaking Scot.Empower yourself via Jim's online course: MMT101 - Modern Monetary Theory (MMT) – What, Why & How. Show Notes MMT101.ORG – Modern Monetary Theory Podcast MMT101 – Modern Monetary Theory (MMT) – What, Why & How (online course) MMT101.ORG - Learn Modern Monetary Theory (MMT) – (substack) The

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#062 Marcus Champ: It's Time For Radical Economic Change

RadioMMT ·

2025/10/10

Australia’s current climate target is net zero by 2050. The science shows that net zero, by 2035 has the strongest chance of preventing massive disruption to the global climate system.Can we make such a radical change to our economy?Can we do it rapidly, without hurting people?James Rosier speaks with Marcus Champ about what tools the federal government once used, and still has, to meet an existential crisis. Show notes Economics of Sustainability (course)via Modern Money Lab and Torrens

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#061 Emma Dawson, Bill Mitchell: It's Class Warfare!

RadioMMT ·

2025/09/26

The 1970s was a fork in the road. At the New Economic Vision forum, held at Victorian Trades Hall Council, policy analyst Emma Dawson, and economist Bill Mitchell, each give their overview of the road we took, and whether we can do better than how the national economy currently serves us. What did Bill accept? And what is Emma's theory of change? Show Notes "Presumably, there is an irreducible residual level of unemployment composed of people who don’t want to work, who are moving between jobs, or

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#060 New Economic Vision: Starts With Distribution

RadioMMT ·

2025/09/12

Union leaders, community activists, policy writers and academics got together to discuss ideas that would form part of a Just Transition away from endless growth driven by fossil fuels. No, this was not the Labor government's economic roundtable. This was a grassroots forum, leading the way by moving beyond talk about taxing rich people so we can take the necessary urgent action. We can't de-grow without re-distribution. And two ways to do that are a shorter working week, and a Job Guarantee. Show

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#059 Mark Diesendorf: Hiking the Rocky Pathway...

RadioMMT ·

2025/08/22

Mark Diesendorf brings us the good news and the bad news, when it comes to tackling the multiple crises we face.The good news is that it is doable. The bad news is we are doing only half of what needs to be done. We are increasing renewable energy usage, but we are not doing planned de-growth, that is decreasing total energy usage.The good news is, we know what to do about that. The bad news is we are dealing with state capture. The good news is, we know what to do about that too.After listening to

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#058 Colin Long: New Economic Vision for the Labour...

RadioMMT ·

2025/08/08

How do we push the federal Labor government to enact more progressive policies, such as discarding the inhumane policy of keeping tens of thousands of workers in unemployed poverty in order to keep inflation under control (in accordance with the odious and dysfunctional economic theory, the NAIRU)?One way is to build a labor movement that champions progressive economics. We speak with Colin Long, Just Transitions Organiser at the Victorian Trades Hall Council, about organising to do just that. Colin

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#057 Brett Scott: Government Stands By As Uber...

RadioMMT ·

2025/07/25

Do you think physical cash is "dirty" or "obsolescent"? Fake news and disinformation are skewing our attitudes towards cash. This is our monetary system under attack. Are we being herded like sheep into the privatised money chute? Is anyone defending the public good?Renegade analyst of monetary systems, Brett Scott, explains what the "war on cash" tells us about the imperatives of capitalism. Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by

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#056: Brett Scott: The Currency-Issuing Government Is...

RadioMMT ·

2025/07/11

Brett Scott is an independent thinker, when it comes to money and monetary systems. He has dabbled in the dark arts of the fin-tech sector, and helped create alternative currencies. After listening to Brett, you might resist assuming the government is like a giant squirrel, madly storing up dollars to get through the winter. Show Notes Altered States of Monetary Consciousness (substack)"I explore the frontiers of modern money and technology, and draw pictures to help you see our economic system with

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#055 Pump & Dump: Crypto Stories For Children

RadioMMT ·

2025/06/27

Anne and Kev thank our (known and unknown and known unknown) donors for our successful Radiothon 2025. Kev has spent days wrestling with his spreadsheet in preparation for looking at what happened when Australian treasurer Peter Costello paid down the government debt. Anne fries what's left of Kev's brain in the tech-bro fantasies of astronomical crypto wealth, courtesy of a conversation between Professor William Black, and Eric Vaughan. Show Notes Saturday 5th July, 1-4pmMMT Workshop (free, click

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#054 3CR Radiothon - What's the point of MMT?

RadioMMT ·

2025/06/13

It's Radiothon time for 3CR! As a radio station that finds itself on the fringes of mainstream media and the economy, we explain why we need to understand MMT, and with that understanding, why everyone should chip in what they can to keep both this program and the mighty 3CR radio station on the airwaves. Kevin, James and Alastair attempt to explain this while Anne takes a well-earned break. Anne does send in a cameo cart with an appalling version of the old ABBA classic to join the party. Listen if

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#053 How To Collapse or Reject the Economy

RadioMMT ·

2025/05/23

Kev ponders a conundrum that takes us back to 2006. If the conservative government was able to bring the government debt down to zero, after multiple budget surpluses, how is it that the economy didn't collapse? What does "paying off the debt" actually mean when you are talking about the federal government? And what does that do to an economy?Anne found an example of someone in Australia who's goal is to live without money. We look at what this reveals about the economy at a systemic level, and

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#52 The 2025 Federal Election review

RadioMMT ·

2025/05/10

Anne and Kev discuss Labor's resounding election victory, and the unusual similtaneous unseating of two rival party leaders. Will the ALP's huge majority lead to bold, transformational policy decisions in the next term of government, or will they still be scared of their own shadow and do very little, like they did in their first term?What about the Coalition? How will they rebuild after this catastrophe? Who cares? And how should The Greens and Labor get on in the future? Will anyone pay attention

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#051 Neoliberal Myth Recap | Meet The Family

RadioMMT ·

2025/04/25

Anne & Kev recap last week's show, explaining in less than five minutes why the current neoclassical economic theory is fundamentally flawed. Kev corrects his somewhat "off" description of banking practices from last week, but still doesn't really care. Attention to detail is not his strong suit. Then we meet the neoliberal family -- Gina Rinehart and Peter Dutton -- as they express mutual admiration for each other in front of a Santos gas plant. Have you got the stomach to have lunch with this

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#50 The Neoliberal Economic Myth Exposed

RadioMMT ·

2025/04/11

We live in the Neoliberal era, and are told that the private sector must drive the economy while government gets out of the way. So what happens when we apply the economics of neoliberalism, when we erase government debt, "balance" government spending with taxation and let the banks take care of business? Anne and Kev apply an MMT analaysis of neoclassical economics to find out what the result is. Spoiler: It's not pretty.

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#049 Joseph Hateley: The Shocking Truth About Magic...

RadioMMT ·

2025/03/28

Anne speaks with MMT student Joseph Hateley about how to "DOGE-proof" the United States (hint: it has something to do with the payments system), and whether we need to fear a DOGE-style crusade happening in Australia. Kev gives an impassioned commentary on the state of the Australian budget commentary, and issues a challenge to our national public broadcaster. Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album

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