Professor L. Randall Wray (Part 2) chatting with Jim Byrne and Lynne Dougan on the MMT101 Podcast 621146

Welcome to part two of our chat with Professor L. Randall Wray. In the first episode we learned a lot about the origins of money – back in the distant past. In this episode we are back in the 21st century. We learn what actually happens when we pay our taxes; what the government tells us taxes pay for; why governments surpluses don’t tend to bring joy to the world; and why most economists are still slow to take onboard MMT insights. MMT101.ORG - Learn Modern Monetary Theory (MMT) is a reader-ed publication. To receive new posts and my work, consider becoming a free or paid subscriber. MMT101.org by Becoming a Paid Subscriber If you are enjoying this content and finding it a valuable learning tool, please MMT101.ORG by become a paid subscriber. Your allows me to continue to write, teach and to build a community of like-minded individuals. Individuals, like yourself, who understand that MMT offers an opportunity to change the world for the better. Currency issuing governments like the UK are running austerity policies which literally costs lives and plunge people into poverty. We know there is no need for it. So, the more people who learn about MMT, the quicker we will get to the point where politicians and orthodox economists will take notice and start to change their tune. Become a paid subscriber now. OK, let’s jump into part two of our chat with Professor L. Randall Wray. MMT101.ORG - Learn Modern Monetary Theory (MMT) is a reader-ed publication. To receive new posts and my work, consider becoming a free or paid subscriber. Get full access to MMT101.ORG - Learn Modern Monetary Theory (MMT) at mmt101.substack.com/subscribe 616i1m