#130 Andrés Bernal: Inflation & What Orthodox Economists Misunderstand About Money

Patricia and Christian talk to scholar, researcher, CUNY lecturer and executive director of Public Money Action, Andrés Bernal about his most recent paper "Inflationary Pressures in the Time of Covid-19: MMT as a Theory of Inflation".   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     Register for events at the Modern Money Network's 4th Annual Conference (to be held online over the next four weekends in April): https://events.modernmoney.network/category/7/   Patricia and Christian will be on this panel "MMT Content Production and Publication": https://events.modernmoney.network/event/12/   "Inflationary Pressures in the Time of Covid-19: MMT as a Theory of Inflation" by Andrés Bernal: http://www.global-isp.org/wp-content/uploads/WP-132.pdf   Stay current with Andrés via Twitter: https://twitter.com/andresintheory   Stay current with the Money On The Left collective: https://twitter.com/moneyontheleft   The Debt Collective: https://twitter.com/StrikeDebt   Interview with Braxton Brewington of The Debt Collective on student loan cancellation: https://fair.org/home/braxton-brewington-on-student-loan-debt-andy-marra-on-trans-youth-rights/     Warren Mosler / Robert Murphy debate: https://youtu.be/cUTLCDBONok   An overview of chartalism: https://en.wikipedia.org/wiki/Chartalism     For more on banking operations:   Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887   Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683   Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701   Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543     More on inflation: Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 More on the Levy Economics Institute of Bard College 2022 Summer Seminar: https://www.levyinstitute.org/news/summer-seminar-2022   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   Transcript for opening monologue: https://www.patreon.com/posts/64711994   Show notes: https://www.patreon.com/posts/64711495