The MMT Podcast with Patricia Pino & Christian Reilly
News:Politics
Patricia and Christian talk to Dr Steven Hail about imports and exports, and the effect they have on a nation’s balance sheet, using the sectoral balance framework.
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For an intro to MMT, listen to our first three episodes: https://www.patreon.com/posts/41742417
Sectoral balance accounting identity: (G - T) = (S - I) + (M - X)
G = government spending
T= taxes paid back to government
S= private savings
I= private investment spending
M= exports
X= imports
Our Episode 64 with John T Harvey on exchange rates: https://www.patreon.com/posts/40518059
Our episode 65 with Phil Armstrong on inflation: https://www.patreon.com/posts/40672678
Bill Mitchell on the external sector: http://bilbo.economicoutlook.net/blog/?p=40433
Videos from the Sustainable Prosperity Conference in Adelaide 2020: https://www.youtube.com/channel/UCOa-eNvDrPWp_-7QnLGwZNQ/videos
Sustainable prosperity action group website: https://www.sustainable-prosperity.net.au/?fbclid=IwAR2bFeGKYODjinrrzcJKlHrpT-Bs18NyyxkY1miYmvGl-avC70aLBw42VjA
Australian Unemployed Workers Fight Back Podcast: https://unemployedworkersunion.com/fight-back-radio/
Modern Money Australia: https://modernmoneyaustralia.org
Transcript for opening monologue: https://www.patreon.com/posts/43048015
Show notes: https://www.patreon.com/posts/43043601
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