AppliedMMT Podcast podcast

#24 - Conversation with Brett Scott (Part 2)

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In this episode, Brett Scott joins Adam, Doug, and Ryan to discuss: 

  • Vertical and horizontal dimensions of money  
  • Crypto capturing attention through an asset-only view of money that people commonly hold
  • Crypto ignoring double-entry accounting and liability side of money by treating units as assets alone
  • Bitcoin's reliance on energy-intensive mining and whether it can truly function as a reliable inflation hedge
  • Bitcoin promoters shifting narratives between Bitcoin being an asset, a monetary system, and a counter-trade
  • Inflation scaremongering as a distraction from real issues like wage stagnation and  wealth distribution
  • Conservative monetary ideology benefitting creditors by constraining the political imagination of money
  • MMT challenges to traditional assumptions by focusing on resources rather than financial constraints
  • Interdependence as the starting point for economic analysis rather than independent actors in isolated markets

For more from Brett, visit his Substack: Altered States of Monetary Consciousness

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