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Money and Banking (and Interest Rates and Inflation…) Reading List

By Katy Swain, 27 March, 2026

I'm going on RadioMMT this afternoon, and here is a list of material for anybody interested in what we will be talking about:

  • White Paper: Modern Monetary Theory (MMT) — Warren Mosler, Updated 2024
  • Monopoly Money: The State as a Price Setter — Pavlina Tcherneva, 2002
  • Heterodox Views of Money and Modern Monetary Theory (MMT) — Phil Armstrong, 2015
  • A General Analytical Framework for the Analysis of Currencies and Other Commodities — Warren Mosler and Mathew Forstater, 1998
  • A Discussion of Central Bank Operations and Interest Rate Policy — Warren Mosler and Phil Armstrong, 2019
  • Time to Ditch the NAIRU — James K. Galbraith, 1997
  • The quasi-inflation of 2021–2022 a case of bad analysis and worse response — James K. Galbraith, 2023 
  • Sellers’ inflation, profits and conflict: why can large firms hike prices in an emergency? —  Isabella M. Weber and Evan Wasner, 2023
  • How to Deep Six/Bin Off the Financial Sector — Warren Mosler, 2024 (Slides from conference presentation; video here.)
  • Finance Without Financiers — Robert Hockett, 2019
  • Building Banks Better: A Plan to Put Public Capital Back to Public Use — Robert Hockett, 2022
  • The Modern Monetary Theory Perspective on the external economy — William Mitchell, 2022 (later published as a chapter in the "Elgar Companion to…" in 2024)

Tags

  • Modern Monetary Theory (MMT)
  • Banking
  • Finance
  • Monetary Policy / Interest rates
  • Inflation
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