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The MMT Podcast with Patricia Pino & Christian Reilly

Oct 28, 2020

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:

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:

Our episode 65 with Phil Armstrong on inflation:

Bill Mitchell on the external sector:

Videos from the Sustainable Prosperity Conference in Adelaide 2020:

Sustainable prosperity action group website:

Australian Unemployed Workers Fight Back Podcast:

Modern Money Australia:

Transcript for opening monologue:

Show notes: