#59 Warren Mosler: What Do Central Banks Do?

Patricia and Christian talk to MMT founder Warren Mosler about quantitative easing, interest rates, inflation and all things MMT in the current context.

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Transcript of intro to episode 50, for brief explanation of how government bond sales are used to maintain interest rates: https://www.patreon.com/posts/36851479

Full audio of episode 50: https://www.patreon.com/posts/36846931

Episodes 20 and 21, our first interview with Warren, laying some of the basics of MMT: https://www.patreon.com/posts/28004824 , https://www.patreon.com/posts/28142083

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

Warren’s book, Seven Deadly Innocent Frauds Of Economic Policy (chapter 5, mentioned in the interview, starts on p59): https://www.moslereconomics.com/wp-content/powerpoints/7DIF.pdf

Warren’s Pompeii story is in this episode (ep 28): https://www.patreon.com/posts/29265974

Transcript of opening monologue: https://www.patreon.com/posts/39070577