#106 Clint Ballinger: Understanding Vertical And Horizontal Money

The MMT Podcast with Patricia Pino & Christian Reilly

Patricia and Christian talk to geographer and author of 1000 Castaways Clint Ballinger about ways of understanding the relationship between commercial bank credit creation (horizontal money) and state-issued currency (vertical money) in a modern money system and much more.

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

1000 Castaways by Clint Ballinger: https://clintballinger.wordpress.com/2019/01/14/1000-castaways-introduction/

Decouple Spending From Bond Sales by Clint Ballinger: https://clintballinger.wordpress.com/2018/11/13/decouple-spending-from-bond-sales/

The Myth of Hyperinflation by Clint Ballinger: https://clintballinger.wordpress.com/2021/01/12/the-myth-of-hyperinflation/

Federal Debt and Modern Money by Steven Hail & David Joy: http://www.global-isp.org/policy-note-121/

An MMT Response on What Causes Inflation by Scott Fullwiler, Rohan Grey & Nathan Tankus: https://www.researchgate.net/publication/332318485_An_MMT_Response_on_What_Causes_Inflation

Details about the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu

A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455

A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757

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/52539160