MMTed Q&A – Episode 10

Here is Episode 10 in our weekly MMTed Q&A series. This is the last episode in Season 1. We are experimenting with new formats and will be back later in 2020 with some live shows (if the virus abates). In this episode, I continue my talks with special guest is Warren Mosler. We talked about the Modern Monetary Theory (MMT) approach to trade, which confounds a lot of people but is really quite straightforward. And, as usual on a Wednesday, we have some great music.

MMTed Q&A – Episode 10

This is Episode 10 and the final in the first season of our MMTed Q&A series. Season 2 will return later in the year.

This week, my special guest is Warren Mosler, one of the founders of MMT.

We talked about the MMT approach to trade – distinguishing between real and nominal conceptions.

The video goes for 7:25 minutes.

Note the discussion is mostly via Zoom, which means at time the audio and video quality is less than first-class. But we are learning to live with that constraint.

Call for MMTed Support

We are working towards beginning course delivery in September.

But we still need significant sponsors for this venture to ensure that we can run the educational program with negligible fees and to ensure it is sustainable over time.

If you are able to help on an ongoing basis that would be great. But we will also appreciate of once-off and small donations as your circumstances permit.

You can contribute in one of two ways:

1. Via PayPal – which is our preferred vehicle for receiving donations.

The PayPal donation button is available via the MMTed Home Page or via the – Donation button – on the right-hand menu of this page (below the calendar).

2. Direct to MMTed’s Bank Account.

Please write to me to request account details.

Please help if you can.

Today … Jigsaw Puzzle Blues

In 1933, violinist – Joe Venuti – recorded a track with guitarist – Eddie Lang and his band Blue Five.

The track was – Jigsaw Puzzle Blues.

Eddie Lang was probably the first guitarist to play in jazz bands and dance orchestras in tat period (1920). Sadly, his great playing ended when he died at the age of 30 after complications from surgery (tonsillectomy). A minor operation now but fraught then.

His playing is greatly missed and worth studying – I learned a lot copying his lines.

Joe Venuti and Eddie Lang were childhood friends and created really exciting guitar/violin interactions through the 1920s and into the 1930s. When Eddie Lang died in 1933, Joe Venuti’s career stalled until he was ‘rediscovered’ in the 1960s playing in a Las Vegas hotel.

After that some magnificent recordings followed with swing pianist – Earl Hines – which still occupy a highly-ranked space in my collection. It is crowded up there!

Anyway, sidetracked!

Later on, in January 1969, Fleetwood Mac (before they became a pop band) released an album – English Rose – and track 2 was ‘Jigsaw Puzzle Blues’ – different song but same name and the inspiration from the earlier version is fairly clear. This was a US only release.

Soon after, the song was re-released worldwide on the – The Pious Bird of Good Omen (1969) – which is where I heard it. I still have that original

It was written by guitarist – Danny Kirwan.

The connection with Joe Venuti’s version is no surprise, Danny Kirwan’s mother was a jazz singer and apparently listened all the time to Eddie Lang, Joe Venuti and guitarist – Django Reinhardt.

While – Peter Green – was the big guitar star in Fleetwood Mac and the other guitarist – Jeremy Spencer – played the slide guitar lines, Danny Kirwan offered beautiful chord melodies and some very subtle vibrato and tremelo.

This is one of the classic pieces of guitar playing. Only 1:36 minutes long and deceptively simple. But really beautifully structured and quite hard to play while keeping tempo.

Danny Kirwan, like the other great guitar player in the band – Peter Green – who died recently, endured a life tormented by mental illness.

He died in June 2018 (aged 68) and was afflicted with alcolism and drug abuse.

He spent years homeless in London. Mick Fleetwood continually would track him down to help him. He lived on the royalties from the Fleetwood Mac days.

The last interview he did was in July 1997 for Guitar Magazine – but I cannot find my old copy of it to scan unfortunately.

Very sad – died of pneumonia.

A great guitar player in the shadow though of the greatest player of his time (Peter Green).

That is enough for today!

(c) Copyright 2020 William Mitchell. All Rights Reserved.