#87 Patricia & Christian: Unpacking The Deficit Myth (part 3)

Part 3: Patricia and Christian continue their conversation about Stephanie Kelton's best-seller The Deficit Myth.   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   Our Unpacking The Deficit Myth Series: https://www.patreon.com/posts/47191289   Our episodes with Steven Hail on understanding government bonds:  Episode 30: https://www.patreon.com/posts/29621245 Episode 31: https://www.patreon.com/posts/29829500   The Bank of England's "Independence" - A Handy Guide: https://www.patreon.com/posts/44617543   A Discussion of Central Bank Operations and Interest Rate Policy by Warren Mosler and Phil Armstrong: https://gimms.org.uk/wp-content/uploads/2019/02/Central-Bank-Interest-Rate-Policy-Mosler-Armstrong.pdf   Some of our episodes with Warren Mosler which deal with inflation, interest rates and central bank policy: Episode 59: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 80: MMT Holiday Special (part 1): https://www.patreon.com/posts/45281376 Episode 81: MMT Holiday Special (part 2): https://www.patreon.com/posts/episode-81-mmt-2-45555840   Stephanie Kelton's introduction to MMT: "The Public Purse"   The Deficit Myth reading group questions: https://www.patreon.com/posts/39967940   A quick overview on functional finance: https://en.wikipedia.org/wiki/Functional_finance   Bill Mitchell on Abba Lerner and Functional Finance: http://bilbo.economicoutlook.net/blog/?p=5762   Tickets for "The Deficit Myth and a Green New Deal" (Stephanie Kelton in conversation with Steven Hail) on 24th February 2021: https://www.trybooking.com/events/landing?eid=711442&fbclid=IwAR0OzXT1ANRDv4L66ZZcg2wN0YNeimhZmYuwvSZI9uuDeIAX3r2q3jBJwd4   Tickets for "MMT and the new social contract: Lessons from Covid-19" (A conversation with Pavlina Tcherneva & Bill Mitchell) on 26th February 2021: https://www.eventbrite.com.au/e/mmt-and-the-new-social-contract-lessons-from-covid-19-tickets-140454277525?utm-medium=discovery&utm-campaign=social&utm-content=attendeeshare&utm-source=strongmail&utm-term=listing   Sign up for Professor Bill Mitchell's online course in March 2021- Modern Monetary Theory: Economics for the 21st Century: https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century   Tickets for "An Introduction To Modern Monetary Theory: Reconceptualising The Nature Of Banking" (presentation by Phil Armstrong) on 26th March 2021, organised by Women in Banking and Finance: https://www.wibf.org.uk/events/details/modern-monetary-theory   Sign up for Steven Hail and the Sustainable Prosperity Action Group's 2-day course in Adelaide April 2021 "Rethinking Capitalism": https://sustainable-prosperity.net.au/summer-school/   Sign up for Dirk Ehnts' online Maastricht University course "Modern Monetary Theory and European Macroeconomics", running from 9th August - 13th August (APPLICATION DEADLINE IS JULY 26TH): https://maastricht.dreamapply.com/courses/course/134-modern-monetary-theory-and-european-macroeconomics?search=34057   Join the Real Progressives Deficit Myth book club every Tuesday at 8:30pm EST: https://zoom.us/webinar/register/WN_VlfZuk_KRZmJzOnGyBna1A   Apply for MMT Summer School in Poznań, Poland 8th-12th September 2021: https://fundacjalipinskiego.pl/wydarzenia/mmt-summer-school-2021/   Transcript for opening monologue: https://www.patreon.com/posts/47325405    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/47325194