#140 Michael Hoexter: Hard Money Ideology Won’t Save The Planet

Patricia and Christian talk to policy analyst and consultant on green building, climate and renewable energy, and research scholar at the Global Institute for Sustainable Prosperity Dr Michael Hoexter about framing the debate over funding a just transition to a green economy.

 

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

 

For an intro to MMT:

Our first three episodes: https://www.patreon.com/posts/41742417

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

 

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

 

Quick MMT reads:

Warren’s Mosler’s white paper: http://moslereconomics.com/mmt-white-paper/

Steven Hail’s quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095

On government debt: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/

 

Michael Hoexter on Twitter: https://twitter.com/mike_cal

 

Michael Hoexter on YouTube: https://www.youtube.com/channel/UCjPEkZCflO-EFDDmbCxeXhg

 

Articles by Michael Hoexter:

“Deficit” is the Wrong Word and Concept: https://neweconomicperspectives.org/2012/12/deficit-is-the-wrong-word-and-concept.html

Naomi Klein’s “Hard-Money” Ideas Undermine Her Laudable Climate Action Goals: https://neweconomicperspectives.org/2014/11/naomi-kleins-hard-money-ideas-undermine-laudable-climate-action-goals.html

Sorry, Kyoto Signatories, Emissions Traders, Carbon Taxers, Homo Oeconomicus Won’t Save the Climate: https://neweconomicperspectives.org/2014/04/sorry-kyoto-signatories-emissions-traders-carbon-taxers-homo-oeconomicus-wont-save-climate-part-1.html

Behind the Crisis in American Governance: Delusions about the Economy Treated As a Matter of Differing Economic “Taste”: https://neweconomicperspectives.org/2013/10/behind-crisis-american-governance-delusions-economy-treated-matter-differing-economic-taste-pt-12.html

Via Government’s Fiscal Policy and Regulatory Oversight, Ethical Values Shape Monetary Value: http://neweconomicperspectives.org/2013/02/via-governments-fiscal-policy-and-regulatory-oversight-ethical-values-shape-monetary-value.html

 

Also discussed in this episode:

Support the Insulate Britain campaign: https://insulatebritain.com/

 

Episodes on monetary operations:

Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824

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

Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183

Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 

 

Episodes on inflation:

Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508

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

 

Our Job Guarantee episodes:

Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701

Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543

 

Find out more about online graduate courses in the Economics of Sustainability via Modern Money Lab: https://modernmoneylab.org.au/

 

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

 

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/70471054?pr=true

 

Show notes: https://www.patreon.com/posts/70471081?pr=true