{"podcast":{"title":"Audio Mises Wire","slug":"audio-mises-wire-1133748","podcast_index_feed_id":1133748,"rss_url":"https://cdn.mises.org/itunes/en_127226.xml","website_url":"https://mises.org/podcasts/audio-mises-wire","image_url":"https://cdn.mises.org/AudioMisesWire_20170621_1400.jpg","author":"Mises Institute","episode_count":150,"summary":"Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political economy.","last_synced_at":"2026-09-19T02:20:32.762188+00:00","page_url":"https://stenobird.com/podcast/audio-mises-wire-1133748"},"episode":{"title":"MMT and the Price Controls That Never Happened","slug":"mmt-and-the-price-controls-that-never-happened","published_at":"2026-09-04T14:07:02+00:00","page_url":"https://stenobird.com/podcast/audio-mises-wire-1133748/mmt-and-the-price-controls-that-never-happened","show_page_url":"https://stenobird.com/podcast/audio-mises-wire-1133748","url":"https://mises.org/podcasts/audio-mises-wire/mmt-and-price-controls-never-happened","audio_url":"https://dts.podtrac.com/redirect.mp3/cdn.mises.org/2026-09/mises-145913_20260904.mp3","summary":"Without established exchange-ratios between a currency and goods, a fiat-token cannot meaningfully serve as a unit of account because it has no referent. The only way a state could meaningfully ground such a fiat-token by political decree would be through comprehensive price controls. Original article: https://mises.org/mises-wire/mmt-and-price-controls-never-happened","meta_description":"Without established exchange-ratios between a currency and goods, a fiat-token cannot meaningfully serve as a unit of account because it has no referent.…","key_points":[],"chapters":[],"topics":[],"duration_seconds":null,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/audio-mises-wire-1133748/episodes/mmt-and-the-price-controls-that-never-happened/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/audio-mises-wire-1133748/mmt-and-the-price-controls-that-never-happened.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}