Resolve Riffs Investment Podcast · ReSolve Asset Management

Warren Mosler: Unraveling the Mysteries of Modern Monetary Theory

·1 hr 25 min·3 clips

The dollars to pay taxes come from the government first—that's not in any classical economic model.

In-depth interview with Warren Mosler, originator of Modern Monetary Theory, discussing how the shift from fixed to floating exchange rate systems fundamentally changes economic theory. Mosler explains government spending causality (spend first, then tax), contrasts MMT with classical economics, explores quantitative easing mechanics through accessible analogies, and reflects on why politicians and economists struggle to internalize MMT basics despite its elegant simplicity. Historical examples including Russia's 1998 ruble crisis and Japan's 30-year QE program illustrate key concepts.

As heard by us

A technical look at duration, convexity, and long-bond pricing under pressure.

It centers on a large bid for duration, the repeated panic around QT and long bonds, and the way those fears can turn into a rally instead of a selloff.

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Why you'd press play

If you want a measured macro conversation about the bid for duration and long-end pricing, start here.

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