#106 Clint Ballinger: Understanding Vertical And Horizontal Money

Patricia and Christian talk to geographer and author of 1000 Castaways Clint Ballinger about ways of understanding the relationship between commercial bank credit creation (horizontal money) and state-issued currency (vertical money) in a modern money system and much more.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417   All our episodes in chronological order: https://www.patreon.com/posts/43111643   1000 Castaways by Clint Ballinger: https://clintballinger.wordpress.com/2019/01/14/1000-castaways-introduction/   Decouple Spending From Bond Sales by Clint Ballinger: https://clintballinger.wordpress.com/2018/11/13/decouple-spending-from-bond-sales/   The Myth of Hyperinflation by Clint Ballinger: https://clintballinger.wordpress.com/2021/01/12/the-myth-of-hyperinflation/   Federal Debt and Modern Money by Steven Hail & David Joy: http://www.global-isp.org/policy-note-121/   An MMT Response on What Causes Inflation by Scott Fullwiler, Rohan Grey & Nathan Tankus: https://www.researchgate.net/publication/332318485_An_MMT_Response_on_What_Causes_Inflation   Details about the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455   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   Show notes: https://www.patreon.com/posts/52539160