#49 Phil Armstrong: Where Does Money Come From? (Part 1)

Part 1: Patricia and Christian talk to PhD scholar Phil Armstrong about learning from and working with MMT founder Warren Mosler, and the revolution in the understanding of money brought about by his insights. Please help sustain this podcast by donating to our Patreon! Patrons get early access to our episodes and other patron-only content: https://www.patreon.com/MMTpodcast Phil and Warren Mosler's paper: https://gimms.org.uk/2019/02/24/central-bank-operations-interest-rate-policy/ Bill Mitchell on sectoral balances: http://bilbo.economicoutlook.net/blog/?p=32396 Phil on Twitter: https://twitter.com/PhilArmstrong58 Info on Christian's MMT show: https://christreilly.com/edfringe/ Transcript for opening monologue: https://www.patreon.com/posts/36621165