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Episode #07 (Interview with Patricia Natalia Pino from progressive media outlet, The Pileus about ‘Modern Monetary Theory’ being a monetary reality for governments)


In our last episode before Christmas we chat to Patricia Natalia Pino, a contributor to the economics section of The Pileus, a progressive online news media outlet about the following:

“If we’re going to have publicly funded media, it cannot be centrally controlled”.

The Alternative?

“Everybody would have an allowance to choose which outlet to fund”.

“It should not be called Modern Monetary Theory, it should be called Modern Monetary Reality”.

“Government promise to accept currency as a means to pay taxes”.

“We need pounds to pay taxes, that’s where the demand for pounds comes”.

“Government debt is our savings”.

“Government spending is private sector income”.

“The real constraint [to government spending] is whether there is spare capacity in the economy to spend”.

You can read more on MMT and Patricia Natalia Pino’s articles on economics in The Pileus by clicking on this link

Follow Patricia on twitter

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