What a pleasure hearing Phil Armstrong tell us how MMT makes him feel supremely confident. He’s not afraid of going toe-to-toe with “experts” despite their credentials, because he has the right model. He has MMT.

Phil was teaching high school economics in Iowa before going back to the UK to get his Masters and, much later, his PhD. An interest in post-Keynesianism eventually led him to Mosler and the world of MMT. He has recently published his first book, Can Heterodox Economics Make a Difference? Conversations with Key Thinkers. He tells Steve that when he started working on the interviews, in 2018, most of the mainstream hadn't heard of MMT. By 2020, when it was published, the profile of MMT had increased. Now everyone knows of it.

The episode revisits the many criticisms of MMT – we've heard them all – and demolishes them. As for Weimar, Germany:

“If you think about it, plausibly, if you imagine intelligent German bankers in the Weimar Republic -- and these are bankers, they don't like inflation. You tell me a banker who likes inflation. Never met one. So the idea that they came in one day into the Reichsbank when Havenstein gets the other guys, the chairman says, ‘Right, lads, crank up the presses. I just fancy causing a bit of hyperinflation.’ The idea is ludicrous.”

Phil talks about the failings of mainstream economics. After the 2008 financial crisis, with all its models having failed, one might ask why those models are still around. Phil has some ideas about that. Mainstream economics consists of mathematical modeling which has almost no relevance in the real world. Phil compares it to being an expert on the unicorn. You understand its biology. “When its horns are the wrong color, you know what to do; when its hooves hurt, you know what to do. Fantastic. The only problem is the unicorn doesn't exist.”

He and Steve talk about theory - The T in MMT (which is the subject of our very first episode). They talk about the traps built into neoliberalism, and philosophy. Phil calls himself a realist social ontologist, or a critical realist. If you want to know what that means, listen to the episode!

From Phil Armstrong’s bio at Gower Initiative for Modern Money Studies (GIMMS)

As an Association for Heterodox Economics (AHE) member, Phil is a strong advocate of the need for pluralism in economics. He has spent the last 38 years teaching – in the main economics and business and lately, engineering. Phil is Post-Keynesian and a strong advocate of Modern Monetary Theory (MMT) and believes MMT provides both powerful insights into the way the economy works and how progressive economic policy can be put into practice.

@PhilArmstrong58 on Twitter

Finding Mosler with Philip Armstrong

Jennifer Beckage was already a strong advocate for her clients throughout her work life as a lawyer in the data and tech space. But when a pancreatic cancer diagnosis changed her life, she was forced to be a strong advocate for herself as well. 

At the time of her diagnosis, she was living a very healthy lifestyle having run several half marathons, tough mudders, and even a sprint triathlon. Luckily, she was in tune with her body and knew something was not right when she started experiencing the often-vague symptoms of pancreatic cancer.

After a long battle and treatment experience, she’s sharing her pancreatic cancer journey with others - not just in this episode of the Project Purple podcast but every day on her LinkedIn (https://www.linkedin.com/in/jennifer-a-beckage/) as well as on https://www.beckagebrave.com/.

Tune in to this week’s episode for an inspiring interview that shares some insight into the life of a mom battling pancreatic cancer and the many lessons she has learned along the way through research and first-hand experience.

To learn more about Project Purple, visit https://www.projectpurple.org/ or follow us on social media at these links:
https://www.facebook.com/Run4ProjectPurple
https://www.instagram.com/projectpurple/
https://twitter.com/Run4Purple
https://www.youtube.com/channel/UCgA8nVhUY6_MLj5z3rnDQZQ

Episode 230 - Surviving with Jennifer Beckage

Like Carrie Bradshaw from Sex and the City…  if shopping is your form of cardio, you’ll be working out this weekend. 
Black Friday sales have hit Halifax. But as Warren D’Silva tells us, locally run businesses are frustrated with the competition on prices from larger corperations.

Effects of Black Friday sales on small buisnesses

Melissa Kanes, Doctor of Chiropractic in New York, NY, is a licensed practitioner with a heart for her patients. She loves fitness, dance, and connecting with others. Melissa's aspirations include starting a podcast and achieving success at her new clinic. She's a weightlifting enthusiast and a devoted NY Knicks fan. Her passion for improving lives through chiropractic care drives her professional journey.

Melissa Kanes - A Strong Advocate For Wellness

DL/Stream: https://TRX.lnk.to/AlRitmoTS

For the Latin House lovers out there, a genre that’s exploding in clubland right now, and Toolroom Trax has tapped into that energy with a debut from Fabi Fernandez and Allan Piziano with ‘Al Ritmo’. Fabi Hernandez entered the scene with his viral hit ‘Rosa’, which has an impressive 50 million views and over 4 million streams across Spotify & Apple Music. Fabi Hernandez teaming up with Allan Piziano was only natural with Allan being a strong advocate of Latin House with releases on Virgin Music Brasil, HoTL Records and Escena Local Music. The Colombian and Mexican make quite a pair as they authentically embrace their heritage, this is Latin music made by Latin artists who have a real cultural connection to the music. 

‘Al Ritmo’ leads with punchy offbeat drums and percussion, underneath a moody yet sexy vocal from Fabi Hernandez himself who not only produces but provides an original vocal. Sitting on top is a synth riff that holds a strong sense of drama making ‘Al Ritmo’ a solid stand out piece of Latin House.

Follow Fabi Hernandez (@fabihernandezmusic)
https://found.ee/Fabi-TourDates
https://found.ee/Fabi-IG
https://found.ee/Fabi-YouTube 
https://found.ee/Fabi-TikTok
 
Follow Allan Piziano (@allan-piziano)
https://www.facebook.com/AllanPizianoMx/
https://www.instagram.com/allanpiziano/
https://x.com/AllanPiziano

Al Ritmo

DL/Stream

Fabi Hernandez, Allan Piziano - Al Ritmo

The Infra Mix Series proudly welcomes ROLA for its fifteenth edition, delivering colorful amalgamation of groovy, spacey techno, house, and breakbeat sounds. A Lebanese-born, NYC-based artist, ROLA emerged from Beirut's iconic underground scene, where venues like B018 and Uberhaus shaped her artistic foundation. As a strong advocate for Lebanese and Palestinian freedom movements, her activism interweaves with her musical journey, adding depth to her creative expression. 
This mix embodies ROLA's signature approach—a dynamic blend that moves effortlessly, creating an experience that's both politically conscious and deeply dance-floor oriented. Each transition reveals layers of her artistic evolution, from her early days in Beirut's underground to her current position as a rising force in New York's electronic music landscape.



INFRA MIX 015 - ROLA

luvvoice.com-20251119-rnyx28

House District 20 State Representative Les Gara (D-Anchorage) will protect public education during the 30th Alaska Legislature.  Rep. Gara made his comments during the October 27 Alaska Public Media program Running.

Rep. Gara is a strong advocate for public education in Alaska

Wendell Potter is known to many of us for his courageous stand against the healthcare industry. Having served as a corporate executive for Cigna and Humana for 20 years he left his job and decided to expose the unsavory PR practices of the insurance giants. Wendell went on to write two books, Deadly Spin and Nation on the Take. He is a strong advocate for truth in journalism and has just unveiled his new project called Tarbell. Please take a few minutes and listen to the wisdom of Wendell Potter. https://www.tarbell.org.

luvvoice.com-20251119-rnyx28

Angelina Mena

Related tracks