Robert Hockett, Cornell Law School professor and Bernie Sanders’ presidential campaign adviser, and Thorvald Grung Moe, former special adviser at Norges Bank and research associate at the Levy Institute, join Pierre Ortlieb, economist at OMFIF, in the first segment of a two-part podcast on modern monetary theory. This portion of the conversation looks at the legal roots of MMT, theories of credit money, and the sectoral balances approach, among other things.