I have been asked to share an announcement of a two-day weekend session on Modern Monetary Theory, being held in Sheffield in September, at which the teacher will be led by Dr Stephen Hail. Although I have never met Stephen, which I regret, I have seen him in action on YouTube, and it is clear that he is both a very able communicator and a sound exponent of MMT. So, for those with an interest, this should be a very worthwhile event.
This workshop will empower participants to counter the common narrative that public investment is unaffordable or must be paid for by implementing austerity measures. Whether for healthcare, education, pensions, climate action, or whatever is needed in a transition to a sustainable post-growth economy, you will come away with a true understanding of how governments spend money and what is possible.
Course outline: The program will comprise a series of introductory talks and participatory group discussions based on short articles and case studies relating to the nature of money and the role of the National Budget.
Facilitator: Associate Professor Steven Hail, Lecturer at Torrens University Australia and Economist at Modern Money Lab.
Lunch, tea and coffee will be provided on both days.
DAY ONE
9:30am—10:00am Registration
10:00am—11:00am Part 1: Money - what it is and where it came from.
11:00am—11:30am Morning tea break
11:30am—12:30pm Part 2: The power of the purse - national budgeting
12:30pm—1:30pm Lunch break
1:30pm—2:30pm Part 3: The big bad wolf - sources of inflation.
2:30pm—3:00pm Afternoon tea break
3:00pm — 4:30pm Part 4: Finding The Money documentary screening
Evening social
DAY TWO
9:30am—10:00am Optional Q&A from Finding The Money
10:00am—11:00am Part 5: The Bank of England - what it can do and what it can't.
11:00am—11:30am Morning tea break
11:30am—12:30pm Part 6: Private money creation, financial resilience and financial fragility
12:30pm—1:30pm Lunch break
1:30pm—2:30pm Part 7: Exchange rates and international debt
2:30pm—3:00pm Afternoon tea break
3:00pm—4:00pm Part 8: Countering myths about money
4:00pm—4:30pm Part 9: Things you and I could do next
You can get registration details here.
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I have met Stephen Hail and he is a very amiable person. I was on the fairly early part of my political macroeconomics journey and he put me right on a large number of issues. He used to do a free 23 part video course which I have completed. I’m not sure if it is still available.
Could this be repeated all over uk, or recorded and be on video, or both.? Needs publicity to make the subject newsworthy . I have alerted my great nephew who lives in Sheffield.
That’s a question for the organisers.
OK I’m in.
I haven’t studied economics at all but I’m guessing it isn’t needed, however is there anything that might be good to get an understanding of before hand?
Stephanie Kelton. The Deficit Myth. And her film. My book, Money for Nothing and Your Tweets for Free.
As it says in the course notes, the finding the money documentary is shown on Saturday.
Warren Mosler’s Soft Currency Economics which started the MMT school is available here. It’s very readable.
https://moslereconomics.com/mandatory-readings/soft-currency-economics/
There are plenty of resources at the Gower Institute site too
https://gimms.org.uk/
The first 2 episodes of the MMT Podcast is a fantastic explainer
https://pileusmmt.libsyn.com/
Please suggest to Stephen that the meetings be video recorded for distribution to those of us too far away or otherwise unable to attend.