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To commemorate the anniversary of Trussonomic Mini-budgeting, Christian talks to Professor John T. Harvey about what determines currency prices and more. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: / mmtpodcast All our episodes in chronological order: / 43111643 All our patron-only episodes: / 57542767 LIVE EVENTS! Economics Of The Real World (Edinburgh, Scotland 21st March 2024): https://scotonomics.scot/live-events/ Scotonomics Festival Of Economics (Dundee, Scotland 22-24th March 2024): https://scotonomics.scot/live-events/ Order the Gower Initiative’s “Modern Monetary Theory - Key Insights, Leading Thinkers”: https://www.e-elgar.com/shop/gbp/mode... Relevant to this episode: All our episodes with John T. Harvey: / 44371783 John’s Cowboy Economist channel: / @cowboyeconomist8126 John’s Forbes blog: https://www.forbes.com/sites/johnthar... “Taxes For Revenue Are Obsolete” by Beardsley Ruml: https://realprogressives.org/taxes-fo... “Money Growth Does Not Cause Inflation!” by John T Harvey: https://realprogressives.org/money-gr... Our episodes with Dr Sam Levey about war mobilisation: Episode 32 -How Uncle Sam Paid For World War II (part 1): / 30005574 , (part 2) / 30112818 , Episode 76: MMT For Mainstream Economists And Mobilisation Theory (part 1): / 43697752 , (part 2): / 43886189 For an intro to MMT: Our first three episodes: / 41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: / 62603318 Quick MMT reads: Warren’s Mosler’s MMT white paper: http://moslereconomics.com/mmt-white-... Steven Hail’s quick MMT explainer: https://theconversation.com/explainer... Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/s... For a short, non-technical, free ebook explaining MMT, download Warren Mosler’s “7 Deadly Innocent Frauds Of Economic Policy” here: http://moslereconomics.com/wp-content... Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): / 28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: / 62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: / 41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: / 35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): / 46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): / 46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: / 41780508 Episode 65 - Phil Armstrong: Understanding Inflation: / 40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: / 52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: / 59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?: / 63776558 Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: / 41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: / 36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: / episode-148-why-73211346 Quick read: Pavlina Tcherneva’s Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-gua... More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): / 29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): / 29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/7158998... Episode 147 - Dirk Ehnts: Do Markets Control Our...