#24 - Conversation with Brett Scott (Part 2)

AppliedMMT Podcast

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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