David Andolfatto (@dandolfa) Professor & Economics Department Chair at the University of Miami, joins Adam, Douglas, and Ryan to discuss: David's journey from construction to academia and the Federal Reserve. His focus on monetary theory and views on the essence of money. How MMT compares and contrasts with traditional economic theories. David's ta…

In this episode, Brett Scott joins Adam, Doug, and Ryan to discuss: Vertical and horizontal dimensions of money Crypto capturing attention through an asset-only view of money that people commonly hold Crypto ignoring double-entry accounting and liability side of money by treating units as assets alone Bitcoin's reliance on energy-intensive mining a…

In this episode, Brett Scott joins Adam, Doug, and Ryan to discuss: Brett's intellectual journey with MMT and how he was exposed to the ideas through different communities and events Challenges of separating fact from conspiracy theories Brett's perspective on tensions between using existing monetary systems and building alternative currencies Disc…

In this episode, Derek McDaniel (@ratedisparity) joins Adam, Derek, and Ryan to discuss: Derek's Background: Transition from academics in mathematics and computer science to exploring economics and MMT. Journey into MMT: Early exposure to Austrian economics, online debates, and realization about the national debt. Current Stance on MMT: Emphasis on…

In this episode, Adam, Ryan, and Doug interview Maren Poitras, creator of "Finding the Money", the documentary film about MMT. They discuss: Maren's background Maren's inspiration for creating the film The film's development process Reception to early screenings Maren's observations regarding mainstream economics vs. heterodox economics Challenges …

Adam, Doug, and Ryan wrap up 2023, discussing their learnings, surprises, and expectations for 2024: The strong GDP growth and low unemployment in 2023, noting how rate hikes seemed to stimulate the economy, contrary to popular belief. Higher government spending and lower inflation in 2023 The importance of understanding fiscal policy's impact on t…

In this episode, Ritik Goyal joins Adam, Ryan, and Douglas to discuss: Ritik's journey from working at Bridgewater to co-founding "The Monetary Frontier" on Substack How Ritik was drawn to MMT as a framework that accurately describes economic flows and policy impacts, especially in the context of austerity politics. Ritik's nuanced view on MMT, par…

In this episode, Douglas of MMT Macro Trader joins Adam and Ryan discuss: Big announcement - the future of AppliedMMT & MMT Macro Trader! 4.9% Q3 GDP print Is Fintwit connecting the dots on the interest income channel? What drove GDP growth in 2023? The relationship between interest rates and the economy Potential systemic risks in the economy toda…

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 cred…

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 M…

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 b…

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 N…

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 AppliedMMT.com Applied…

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 contract…

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 ce…

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 AppliedMMT.com AppliedMMT on Twitter MMT Macro Trader on Twitter Discla…

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 Introductory MMT resources Pocket Change podcast NYC Deficit Owls Meetup AppliedMMT.com AppliedMMT on Twitter MMT Macro Trader on Twitter Di…

In this episode, Adam and Ryan to discuss: The failure of Silicon Valley Bank Morgan Ricks' commentary on bank runs and game theory Links: Morgan Ricks on Twitter Introductory MMT resources Pocket Change podcast NYC Deficit Owls Meetup AppliedMMT.com AppliedMMT on Twitter MMT Macro Trader on Twitter Disclaimer: The content of this podcast is for in…

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 st…

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: Introductory MMT resources Pocket Change podcast NYC Deficit Owls Me…

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: Introductory MMT resources Pocket Change podcast NYC Deficit Owls Meetup AppliedMMT.com AppliedMMT on Twitter MMT Macro Trader on Tw…

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 S…

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…

In this episode, Adam and Ryan discuss: Recession fears The "white collar recession" The US debt ceiling The trillion dollar platinum coin proposal Links: Introductory MMT resources Pocket Change podcast NYC Deficit Owls Meetup AppliedMMT.com AppliedMMT on Twitter MMT Macro Trader on Twitter Disclaimer: The content of this podcast is for informatio…

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 effe…