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battle against climate change. Register at Bloomberg Live.com slash B Green Radio. Hello and welcome to another episode of the Oddbots Podcast I'm

Tracy Allaway.

I'm Joe Wiesenthal.

So Joe, I really enjoyed our MMT discussion from last week.

I did too and you know it was kind of interesting because we never really did like an

introductory to MMT episode. We immediately started with a critic although you know as some people pointed out a the

criticism wasn't too harsh and b we did sort of introduce the concepts but now we're

going to go backwards and sort of keep building the foundation, right?

Well, actually, actually, I would argue we're going forward.

And we're picking, we're picking up from where we left off in that previous conversation which was I think

at the end we were discussing about whether or not MMT could ever work outside of the United States.

Right, so obviously when people talk about how the U.S. can have much higher sustained

deficits than other places or than we've had.

They're like, well, yeah, sure, of course the US can,

but that's really because the dollars, the global world reserve currency.

And so the accusation towards MMT is that it's generalizing from the US example to something that wouldn't be applicable to countries that maybe don't enjoy that same status for their currency.

Right, exactly. The argument is that the U.S. is in some way

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