#132 Phil Armstrong: Greece, The Euro & Getting The Money Story Right


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By The Pileus, Patricia Pino, and Christian Reilly. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Patricia and Christian talk to economist and author Dr Phil Armstrong about his recent paper, which is a response to a Marxist critique of Modern Monetary Theory with reference to the Eurozone and Greece.

Please help sustain this podcast!

Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

For an intro to MMT:

Listen to our first three episodes: https://www.patreon.com/posts/41742417

All our episodes in chronological order: https://www.patreon.com/posts/43111643

All our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846

Stay current with Phil via Twitter: https://twitter.com/PhilArmstrong58

“A modern monetary theory advocate’s response to ‘modern monetary theory on money, sovereignty, and policy: A marxist critique with reference to the Eurozone and Greece’ by Costas Lapavitsas and Nicolás Aguila (2020)” by Phil Armstrong: https://www.tandfonline.com/doi/abs/10.1080/2329194X.2022.2051720

“Time For Informed Change. Post Covid-19 Economics” by Phil Armstrong & Nick Potts: https://gimms.org.uk/2020/08/13/time-for-informed-change-post-covid-19-economics/

Register for events at the Modern Money Network's 4th Annual MMT Conference: https://events.modernmoney.network/category/7/

For more on the MMT Summer School in Poznań, Poland: https://fundacjalipinskiego.pl/wydarzenia/mmt-summer-school-2022/

Episode 72 - Steven Hail: The External Sector: https://www.patreon.com/posts/43043601

Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/

Episode 55 - Dirk Ehnts: A Way Forward For The Eurozone: https://www.patreon.com/posts/38252014

The Mosler Plan for Greece: http://moslereconomics.com/2011/06/29/the-mosler-plan-for-greece/

More on monetary operations:

Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318

Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887

Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683

“An Accounting Model of the UK Exchequer – 2nd edition” by Andrew Berkeley, Richard Tye & Neil Wilson: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/

Our episodes about “An Accounting Model of the UK Exchequer”:

Part 1: https://www.patreon.com/posts/46352183

Part 2: https://www.patreon.com/posts/46865929

More on inflation:

Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678

Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835

Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379

Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558

A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757

We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

Transcript for opening monologue: https://www.patreon.com/posts/66829263

Show notes: https://www.patreon.com/posts/66829431

148 episodes