Engineer Of Finance

Ken Greene interviews Dr. Phil Armstrong who explores the Modern Monetary Theory (MMT) and its implications for government spending, inflation, and the supply of goods. He emphasizes that external factors like global commodity prices, supply chain issues, and world events are more significant causes of inflation than simply creating money. Dr. Phil supports his argument with historical examples, like Weimar Germany and the Roman Empire. He clarifies that modern currencies are not backed by gold and encourages critical thinking about the subject. His insights on MMT offer a valuable alternative perspective on government finance and the causes of inflation, challenging conventional beliefs about the relationship between money creation and inflation. Who’s the Guest? Dr. Phil Armstrong is a graduate of the universities of Leeds, Hull and Southampton Solent, the author of Can Heterodox Economics Make a Difference? Conversations with Key Thinkers, (Edward Elgar Publishing, 2020) amongst other publications and is c