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The MMT Podcast with Patricia Pino & Christian Reilly

May 25, 2022

Patricia and Christian talk to economist and author Dr Phil Armstrong about his recent paper, which is a response to a Marxist critique of Modern Monetary Theory with reference to the Eurozone and Greece.


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For an intro to MMT:

Listen to our first three episodes:


All our episodes in chronological order:


All our episodes with Phil Armstrong:


Stay current with Phil via Twitter:


“A modern monetary theory advocate’s response to ‘modern monetary theory on money, sovereignty, and policy: A marxist critique with reference to the Eurozone and Greece’ by Costas Lapavitsas and Nicolás Aguila (2020)” by Phil Armstrong:


“Time For Informed Change. Post Covid-19 Economics” by Phil Armstrong & Nick Potts:


Register for events at the Modern Money Network's 4th Annual MMT Conference:


For more on the MMT Summer School in Poznań, Poland:


Episode 72 - Steven Hail: The External Sector:


Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book:


Episode 55 - Dirk Ehnts: A Way Forward For The Eurozone: 


The Mosler Plan for Greece:



More on monetary operations:

Episode 126 - Dirk Ehnts: How Banks Create Money:


Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask:


Episode 43 - Sam Levey: Understanding Endogenous Money:

“An Accounting Model of the UK Exchequer – 2nd edition” by Andrew Berkeley, Richard Tye & Neil Wilson:

Our episodes about “An Accounting Model of the UK Exchequer”:

Part 1:

Part 2: 


More on inflation:

Episode 65 - Phil Armstrong: Understanding Inflation:

Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation:

Episode 123 - Warren Mosler: Understanding The Price Level And Inflation:

Episode 128 - L. Randall Wray & Yeva Nersisyan: What’s Causing Accelerating Inflation? Pandemic Or Policy Response?:


A list of MMT-informed campaigns and organisations worldwide:


We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel:


Transcript for opening monologue:


Show notes: