{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"#207 Business Cycles Without The Body Count with Professor John T Harvey","description":"Patricia and Christian talk to economist and author Professor John T Harvey about his latest book, \u201cUS business cycles from 1954-2020\u201d, his evergreen \u201cContending Perspectives In Economics\u201d, and solutions to an inherently unstable system. Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https:\/\/www.patreon.com\/MMTpodcast Relevant to this episode: Join John T. Harvey, Patricia Pino, Phil Armstrong and many more at Scotland\u2019s Festival of Economics (Edinburgh and online) 19th - 21st March 2026: https:\/\/www.scoteconfest.org\/#learnmore Join the new MMT UK discord server to connect with others looking to promote MMT and ecological economics in the UK!: https:\/\/discord.gg\/S3UbxFe4FR All our episodes with John T Harvey: https:\/\/www.patreon.com\/posts\/44371783 \u201cUS Business Cycles 1954\u20132020\u201d by John T Harvey: https:\/\/www.cambridge.org\/us\/universitypress\/subjects\/economics\/macroeconomics-and-monetary-economics\/us-business-cycles-19542020-sources-symptoms-solutions  \u201cContending Perspectives in Economics\u201d by John T Harvey: https:\/\/www.e-elgar.com\/shop\/gbp\/contending-perspectives-in-economics-9781789900484.html Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https:\/\/www.patreon.com\/posts\/episode-148-why-73211346 Quick read: Pavlina Tcherneva\u2019s Job Guarantee FAQ page: https:\/\/pavlina-tcherneva.net\/job-guarantee-faq\/ \u201cIs exchange rate depreciation inflationary?\u201d by Bill Mitchell: https:\/\/billmitchell.org\/blog\/?p=32922   All our episodes in chronological order: https:\/\/www.patreon.com\/posts\/43111643 All our patron-only episodes: https:\/\/www.patreon.com\/posts\/57542767   JOIN PATRICIA\u2019S MMT ACTIVIST NETWORK (MMT UK): https:\/\/actionnetwork.org\/forms\/activist-registration-form Join the MMT UK Discord server to connect with others looking to promote MMT and ecological economics in the UK!: https:\/\/discord.gg\/S3UbxFe4FR   NEW! ANTI-AUSTERITY ECONOMICS ONE-DAY WORKSHOPS WITH PROFESSOR STEVEN HAIL IN 2026! Auckland Sat 18 April | Dunedin Sun 19 April | Brighton Sat 20 June | Stockholm Sat 27 June | Brussels Sun 28 June All details: https:\/\/modernmoneylab.org.au\/events\/    STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab\u2019s online graduate, postgraduate and standalone courses in economics are here: https:\/\/modernmoneylab.org.au\/   MMT: THE MOVIE! \u201cFinding The Money\u201d, a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https:\/\/findingthemoney.vhx.tv\/products\/finding-the-money Updates on worldwide screenings of \u201cFinding The Money\u201d can be found here: https:\/\/findingmoneyfilm.com\/where-to-watch\/ To arrange a screening of \u201cFinding The Money\u201d, apply here: https:\/\/findingmoneyfilm.com\/host-a-screening\/   For an intro to MMT: Our first three episodes: https:\/\/www.patreon.com\/posts\/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https:\/\/www.patreon.com\/posts\/62603318 Quick MMT reads: Warren\u2019s Mosler\u2019s MMT white paper: http:\/\/moslereconomics.com\/mmt-white-paper\/ Steven Hail\u2019s quick MMT explainer: https:\/\/theconversation.com\/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: \u201cSome Numbers Are Big. Let Me Help You Get Over It\u201d: https:\/\/christreilly.com\/2020\/02\/17\/some-numbers-are-big-let-me-help-you-get-over-it\/ For a short, non-technical, free ebook explaining MMT, download Warren Mosler\u2019s \u201c7 Deadly Innocent Frauds Of Economic Policy\u201d here: http:\/\/moslereconomics.com\/wp-content\/powerpoints\/7DIF.pdf Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https:\/\/www.patreon.com\/posts\/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https:\/\/www.patreon.com\/posts\/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https:\/\/www.patreon.com\/posts\/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https:\/\/www.patreon.com\/posts\/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https:\/\/www.patreon.com\/posts\/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https:\/\/www.patreon.com\/posts\/46865929  For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https:\/\/www.patreon.com\/posts\/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https:\/\/www.patreon.com\/posts\/71589989?pr=true  Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https:\/\/www.patreon.com\/posts\/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https:\/\/www.patreon.com\/posts\/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https:\/\/www.patreon.com\/posts\/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https:\/\/www.patreon.com\/posts\/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What\u2019s Causing Accelerating Inflation? Pandemic Or Policy Response?: https:\/\/www.patreon.com\/posts\/63776558 Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https:\/\/www.patreon.com\/posts\/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https:\/\/www.patreon.com\/posts\/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https:\/\/www.patreon.com\/posts\/episode-148-why-73211346 Quick read: Pavlina Tcherneva\u2019s Job Guarantee FAQ page: https:\/\/pavlina-tcherneva.net\/job-guarantee-faq\/ More on government bonds (and \u201cvigilantes\u201d): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https:\/\/www.patreon.com\/posts\/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https:\/\/www.patreon.com\/posts\/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https:\/\/www.patreon.com\/posts\/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https:\/\/www.patreon.com\/posts\/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https:\/\/www.patreon.com\/posts\/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https:\/\/www.patreon.com\/posts\/72283811?pr=true More on bank runs banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https:\/\/www.patreon.com\/posts\/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed\u2019s Magical Monetarist Thinking Strikes Again: https:\/\/www.patreon.com\/posts\/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https:\/\/www.patreon.com\/posts\/81084983?pr=true MMT founder Warren Mosler\u2019s Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https:\/\/neweconomicperspectives.org\/2010\/02\/warren-moslers-proposals-for-treasury.html MMT Events And Courses:  NEW! ANTI-AUSTERITY ECONOMICS ONE-DAY WORKSHOPS WITH PROFESSOR STEVEN HAIL IN 2026! Auckland Sat 18 April | Dunedin Sun 19 April | Brighton Sat 20 June | Stockholm Sat 27 June | Brussels Sun 28 June All details: https:\/\/modernmoneylab.org.au\/events\/  More information about Professor Bill Mitchell\u2019s MMTed project (free public online courses in MMT) here: http:\/\/www.mmted.org\/ Details of Modern Money Lab\u2019s online graduate and postgraduate courses in MMT and real-world economics are here: https:\/\/modernmoneylab.org.au\/ Order the Gower Initiative\u2019s \u201cModern Monetary Theory - Key Insights, Leading Thinkers\u201d: https:\/\/www.e-elgar.com\/shop\/gbp\/modern-monetary-theory-9781802208085.html MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https:\/\/www.zotero.org\/groups\/2251544\/mmt_academic_resources_compiledby_the_gower_initiative_for_modern_money_studies MMT scholarship compiled by New Economic Perspectives: http:\/\/neweconomicperspectives.org\/mmt-scholarship 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 ","author_name":"The MMT Podcast with Patricia Pino & Christian Reilly","author_url":"https:\/\/www.patreon.com\/MMTpodcast","html":"