Through an MMT Lens: Jim Byrne talks us through some orthodox economic ways thinking but through the lens of Modern Monetary Theory. And it was fun!
Jim’s new online course – MMT101: A Beginner’s Guide to Modern Monetary Theory – is designed to make Modern Monetary Theory (MMT) accessible to everyone. It breaks down complex economic ideas into clear, understandable lessons. Well that’s what Jim said, you’ll have to make up your own mind.
We were armed with a list of questions —concepts we’ve heard discussed in various recent current affairs podcast episodes. Jim offers fresh insights translating these mainstream views and helping understand how MMT challenges conventional thinking about government spending, taxation, and deficits.
Whether you’re new to MMT or curious about how economic theory shapes public policy, this episode offers an engaging, jargon-free introduction to alternative economic thinking.
Topics covered:
- 00:38 Jim outlines his new MMT course
- 08:18 A peek at the course – MMT Basics
- 09:48 The cost of saving the planet
- 13:39 300 years of deficit
- 18:22 You have the currency, do you have the resources?
- 24:32 But…what about the big black hole?
- 28:37 Why is the UK worse than Germany?
- 34:57 So whose taxes will pay for it all?
- 40:38 Does it matter what we tax?
- 49:56 Does it all come down to sovereignty?
- 54:48 How will we fund future spending?
- Find out more about Jim’s course and weekly substack MMT101.org
- You can watch the video version here on our YouTube channel.
- We have talked to Jim about MMT in an earlier podcast: Economics for an Indy Scotland? And we covered some doubts / questions about MMT in a blog post
- With thanks to The News Agents and The Rest is Money for short clips included in this podcast.
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