#002 Everything You Thought You Knew About Money Is Wrong

Friday, 10 March 2023 - 5:30pm to 6:30pm
The MMT Story of Money

Money is something we use everyday, and think about a lot, yet the real nature of money is shrouded in mystery. If you haven't come across MMT (Modern Monetary Theory), chances are, money remains an enigma. Even economists and financiers often get it wrong.

The econo-babble surrounding money is no accident. We are not taught about money, or our monetary system. Economic literacy is not part of our general education. Not in the same way we are taught to read and write, or use a computer. Into this void step multiple pundits, doomsayers, gold bugs, misguided mavericks, and... mainstream economists.

Anne and Kev set us on the right track by looking at four ways for thinking about money: 

  •     the Story of Money
  •     money as an IOU
  •     the monetary system as a pyramid of IOUs
  •     money as like points in a football game 

Once you see it, you can't un-see it. 



Theme Music

Pleading Ignorance, by Ed Kuepper, from the album Starstruck.

Additional Audio

Too Many Things, by Ed Kuepper, from the album Starstruck.

Songs and sound effects permitted for non-commercial use under license “Attribution-NonCommercial 4.0 International (CC BY-NC 4.0)”