![]() ![]() ![]() William Saas : So how’d you end up in the Netherlands at that conference, talking to the “gold bugs” and sharing your market grievances?īrett Scott : Yeah, so actually in monetary reform circles, there’s a bunch of different traditions, as I’m sure you guys have come across. And that’s how I ended up at the MMT conference. And then she said, “hey, come to this event that we’re doing”. And right in the front row was Stephanie Kelton, who had also been invited to this since the first time, I guess, she had seen me and then we spoke over dinner. But how this machine had stopped me from engaging in a market transaction. So I decided to start talking about this on stage. I had very low blood sugar, partly because I’d actually been blocked from buying a Coca-Cola from this cashless vending machine that refused to take my card. And I ended up on this stage and I was super jet lagged. So it has this long tradition of liberal economic thinkers.Īnd anyway, I ended up at this conference, one of these Dutch managed monetary reform people, some of whom were quite right-wing. And I think the Netherlands in general has this vibe, which is… it’s one of the first capitalist trading nations. And I don’t know how much time you guys have spent in the Netherlands scene, but there’s actually quite a long tradition of this quite conservative monetary reform people there. And it was run by these… I want to say quite libertarian Dutch monetary reformers. I was invited to another conference in Delft in the Netherlands. It’s actually quite a funny story about how I ended up at the conference. Could you share a bit about how you ended up at that MMT conference and maybe catch us up on what you’ve been up to since then?īrett Scott : Sure thing. And before that you worked in finance and had been writing about money and crypto for a while. Last time we saw you was at the first international MMT conference at UMKC in 2017. William Saas: It’s wonderful to have you. ![]() William Saas : Brett Scott, welcome to Money on the Left.īrett Scott : Good to be here. The following was transcribed by Mercedes Ohlen and has been lightly edited for clarity. We also discuss how awareness of the principles of monetary design clarifies the need for physical cash and the perils of privatized and surveilled forms of digital money. Scott’s own comparison of financial operations with the functioning of the central nervous system prompts further discussion of the temporal and physical realities of modern money. Through our conversation we explore the possibilities and limitations of different metaphoric frameworks for understanding money, paying special attention to the pitfalls of figuring money as blood-like fluidity. A committed advocate for financial heterodoxy, Scott grounds his perspicuous critique of “cloudmoney”–the conjoined efforts and outcomes of Big Finance and Big Tech’s drive to go “cashless”– in his anthropological training and work as financial derivatives trader in the midst of the 2008 financial crisis. Compare Standard and Premium Digital here.Īny changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel.Brett Scott joins Money on the Left to discuss his recently published book Cloudmoney: Cash, Cards, Crypto, and the War for our Wallets (Harper-Collins 2022). You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.įor cost savings, you can change your plan at any time online in the “Settings & Account” section. ![]() For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Standard Digital includes access to a wealth of global news, analysis and expert opinion. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. ![]()
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