The 7 Deadly Innocent Frauds of Economic Policy - With MMT Founder Warren Mosler

Warren Mosler, entrepreneur and founder of Modern Monetary Theory (MMT), joins us to discuss his book "The 7 Deadly Innocent Frauds of Economic Policy," to share some eye opening experiences when discussing sound economics with statesmen and bureaucrats from around the world, and to weigh in on current inflation expectations.

Notes:

- Warren Mosler's book "The 7 Deadly Innocent Frauds of Economic Policy" http://moslereconomics.com/mandatory-readings/innocent-frauds/

- Warren Mosler's website http://moslereconomics.com/

- Italy interest rates during early 90s https://fred.stlouisfed.org/graph/?g=IWEp

- United States ends Gold Standard https://www.federalreservehistory.org/essays/gold-convertibility-ends

- MMT flowchart https://miro.medium.com/max/1174/1*R_4f-qO4prL0EV-9wPYjHg.jpeg

- Federal Reserve Act page https://en.wikipedia.org/wiki/Federal_Reserve_Act

- Quantitative Easing https://en.wikipedia.org/wiki/Quantitative_easing

- Russian default of 1998 https://www.youtube.com/watch?v=f98Z74Ktrc4

- Italy budget deficit 2021 https://www.reuters.com/article/us-italy-economy-forecasts-budget/italy-hikes-2021-budget-deficit-to-11-8-of-gdp-source-idUSKBN2C21X6

- EU separation of powers https://ukandeu.ac.uk/wp-content/uploads/2020/08/Figure-15b15d.png

- M1/M2 money aggreates graph https://s3-us-west-2.amazonaws.com/courses-images-archive-read-only/wp-content/uploads/sites/1294/2016/07/11220043/27_001.jpg

- Gold Standard https://en.wikipedia.org/wiki/Gold_standard

- Social Security insolvency discussed in mainstream media https://www.washingtonpost.com/business/2021/09/03/social-security-insolvency/

- US budget deficit (historical) https://fred.stlouisfed.org/series/FYFSD

- Mosler MT900 car https://en.wikipedia.org/wiki/Mosler_MT900

- George W. Bush prescription drug bill https://www.cnn.com/2003/ALLPOLITICS/12/08/elec04.medicare/

- Financial crisis of 2007 & 2008 https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008

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