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Activist #MMT, the podcast. Host: Jeff Epstein Profile picture
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Jul 25 • 14 tweets • 7 min read
Welcome to episode 128 of Activist #MMT. Today I talk with Dirk Ehnts (@DEhnts), about his personal journey to MMT, which happened only after obtaining a PhD in mainstream economics. Here's a brief highlight, with thanks to @headlinervideo.👇
👆Here's the full episode:

"Ep128 [1/3]: Dirk Ehnts: From mainstream to #MMT"👇
activistmmt.libsyn.com/ep12812-dirk-e…
👆One of Dirk's first hints that something was wrong, was discovering that Paul Krugman's 1991 new trade theory...👇 pr.princeton.edu/pictures/g-k/k…
👆...was not representative of the world in which we actually live. Here are Dirk's findings.👇 researchgate.net/publication/27…
👆Dirk was also told by his professors that some of what is obviously true must be ignored, which only serves to further diverge the theory from the world it purports to explain. Only after receiving his PhD did he discover #MMT which finally put all the pieces together.👇
👆Next week in part two, I ask Dirk questions circling around his new co-authored piece for the @GowerInitiative, called Raising Interest Rates Is Like Blowing Up The Garden To Weed It👇 gimms.org.uk/2022/05/17/blo…
👆 Here are this week's audio chapters:👇 Image
👆Dirk is teaching a class next month on #MMT and the Eurozone. I took it last year and it was enlightening. I highly recommend it. More information can be found here.👇
👆I also interviewed Dirk and @AskerVoldsgaard in episodes 66...👇
👆and 69.👇
👆Patrons of Activist #MMT can hear several episodes (including part two with Dirk), exclusively, in full, right now. A full list is here, each with a brief highlight:👇 activistmmt.org/all-previews/
👆Patrons of Activist #MMT also have the unique opportunity to ask my academic guests questions, like this episode with Dirk, part one of my previous episode with John Harvey, and this recent episode with Warren Mosler.👇
👆Finally, patrons of Activist #MMT also support the development of this large collection of learn-MMT resources, which leans heavily on the work of the MMT academics, but is geared to the layperson:👇 activistmmt.org
👆As enlightening and fun as it is to create this podcast, your financial support makes it easier. Every little bit helps a little bit, and it all adds up to a lot.

Please consider becoming a patron of Activist #MMT. Start here:

✌️, ❤️, and #MMT 🦉 patreon.com/activistmmt

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More from @ActivistMMT

Activist #MMT, the podcast. Host: Jeff Epstein Profile picture
May 29
Welcome to episode 120 of Activist #MMT. Today I talk with @StevenHailAus, about the new and unprecedented graduate program in economics of sustainability, mixing #MMT and ecological economics.

"Rather than accept it, we decided to do something about it."👇
👆The program, which starts in September 2022, will be run by @TorrensUni-versity, is backed by @modernmoneylab, and is primarily developed by Steven, and Australia's leading ecological economist, Phil Lawn.

Here's the full episode:👇 activistmmt.libsyn.com/ep12012-steven…
👆Today in part one, Steven talks about how the program came to be, the potential resistance expected from the classical economics departments, and the basics of ecological economics.👇
Read 9 tweets
Activist #MMT, the podcast. Host: Jeff Epstein Profile picture
Aug 29, 2021
🧵 regarding concerns about the #MMT-JG.

I read both. Based on these two articles, it seems to suggest that you believe the MMT-JG can only make things worse because it will exacerbate the negative aspects of our terrible extractive and predatory capitalist economic system.
The one article says we should instead "grant people the freedom and grace to pursue non-economic means of living". How exactly do you propose giving people a non-economic means of living in a society where the government’s money is a critical ingredient for day-to-day survival?
#MMT’s solution is to create an entire new category of jobs: "valuable but not profitable": Give people wages for producing things that are valuable to THEM, their FAMILY, & COMMUNITY – but NOT valuable to those who only consider profit (the pursuit of more money) as valuable.
Read 11 tweets
Activist #MMT, the podcast. Host: Jeff Epstein Profile picture
Feb 23, 2021
We is us. The entirety of the United States. The problem is not that the national debt exists. The problem is that the elite have stolen almost all of it.

A 🧵.👇
👆The solution is not to “reduce the ballooning national debt” but rather to take what the elite have stolen, and prevent them from ever stealing it again. In other words, we need to address wealth AND income inequality.👇
👆Saying “we must reduce the ballooning debt and deficit!!” is no different than saying “We gotta stop the federal government from DOING STUFF.” We definitely need the government to do stuff. We just need it to do (way) more good and (way) less bad.👇
Read 8 tweets
Activist #MMT, the podcast. Host: Jeff Epstein Profile picture
Feb 17, 2021
“#MMT-ers sometimes come across a bit ‘cult-like.’ "

I think the cult word is disgusting. A 🧵

<soapbox>
👇
👆I think the cult word is disgusting. There’s no possible positive justification for it. It’s nothing more than a way to dismiss and diminish the disadvantaged and discriminated against – the minority of the minority, who are desperately treading water in order to not drown – 👇
👆 – as behaving less than perfectly mature while under incredible duress. Whoever uses this term needs to take a step back and look at what caused that “cult-like” behavior, instead of assuming it came out of blue, unprompted.👇
Read 7 tweets
Activist #MMT, the podcast. Host: Jeff Epstein Profile picture
Feb 5, 2021
Fighting to prevent the rich from getting what should be a universal benefit kills poor people. A 🧵.👇
👆Delaying checks in order to ensure the rich don't get them causes orders of magnitude more death and suffering for the poor, than in preventing the further luxury of the rich. (Do you really think billionaires would celebrate were a $2k check to arrive in their mailbox???)👇
👆People are dying right now. Let's stop screwing around and help them.

Also, means testing to prevent the rich from getting some pittance of a benefit (from their perspective) forces the poor to PROVE they deserve that benefit. Also an inexcusable thing to do in this crisis.👇
Read 6 tweets
Activist #MMT, the podcast. Host: Jeff Epstein Profile picture
Feb 4, 2021
Welcome to ep 66 of Activist #MMT. Today I talk with @DEhnts & @AskerVoldsgaard about their 2020 paper responding to a 2019 mainstream paper expressing the concern for the long-term fiscal sustainability of gov't spending & its corresponding debt & interest. A brief highlight.👇
Welcome to ep 66 of Activist #MMT. Today I talk with @DEhnts & @AskerVoldsgaard about their 2020 paper responding to a 2019 mainstream paper expressing the concern for the long-term fiscal sustainability of gov't spending & its corresponding debt & interest. A brief highlight.👇
👆Since #MMT demonstrates that much more spending on public spending is perfectly safe (and desperately needed), the concern is often directed at the MMT project itself.

Here's the full episode with Dirk and Asker.👇 activistmmt.libsyn.com/ep66-1234-dirk…
Read 9 tweets

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