#1280 Modern Monetary Theory: We already use it, now we need to understand it


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Jun 11 2019 78 mins   9
Air Date: 6/11/2019 Today we take a look at Modern Monetary Theory and the neoclassical economics it is looking to replace. It’s very important to understand the logistical and political mechanisms by which money for progressive policy priorities would be appropriated by congress and the debate over MMT gets to the core of those issues and seeks to change the paradigm we use to think about government spending. Be part of the show! Leave a message at 202-999-3991 Episode Sponsors: Madison-Reed.com(Promo Code: LEFT) Amazon USA| Amazon CA| Amazon UK| Clean Choice Energy Get AD FREE Shows & Bonus Content: Support our show on Patreon! SHOW NOTES Ch. 1: Debunking the Deficit Hysteria with Stephanie Kelton Part 1 - Why Is This Happening? with Chris Hayes - Air Date 5-6-19 There’s a pattern to the Republicans’ selective concern about increasing the deficit, and it all depends on who holds the power. When you look at the behavior of people in politics, they don’t really care about the national debt as much as they like to ta Ch. 2: What is Modern Monetary Theory? (with Stephanie Kelton) Part 2 - Pitchfork Economics with Nick Hanauer - Air Date 4-23-19 Is government debt real? Is anything real? Professor Stephanie Kelton gives Nick and Goldy a master class on the hottest idea in economics right now: Modern Monetary Theory. Ch. 3: Why should we care about deficits? Part 2 - The Ezra Klein Show - Air Date 2-20-19 Stony Brook University’s Stephanie Kelton, an influential proponent of Modern Monetary Theory, and Jason Furman, President Barack Obama’s chief economist, discuss whether we should worry about government deficits and if so, when? Ch. 4: Debunking the Deficit Hysteria with Stephanie Kelton Part 2 - Why Is This Happening? with Chris Hayes - Air Date 5-6-19 Stephanie Kelton is here to break it all down - the national deficit, the nature of money itself, federal spending, and why it’s time to stop comparing it to a household budget. Ch. 5: Why should we care about deficits? Part 3 - The Ezra Klein Show - Air Date 2-20-19 Stony Brook University’s Stephanie Kelton, an influential proponent of Modern Monetary Theory, and Jason Furman, President Barack Obama’s chief economist, discuss whether we should worry about government deficits and if so, when? Ch. 6: How Marxism and Modern Monetary Theory Go Hand-In-Hand - The Majority Report (@MajorityFM) - Air Date 03-21-18 Prof Richard Wolff warns about the asymmetric politics of increasing and decreasing government spending Ch. 7: Debunking the Deficit Hysteria with Stephanie Kelton Part 3 - Why Is This Happening? with Chris Hayes - Air Date 5-6-19 Stephanie Kelton is here to break it all down - the national deficit, the nature of money itself, federal spending, and why it’s time to stop comparing it to a household budget. Ch. 8: Dealing with the politics of managing Modern Monetary Theory - Planet Money - Airdate 9-26-18 We must take the fingerprints of Congress off the economy in order to manage inflation concerns. Ch. 9: What is Modern Monetary Theory? (with Stephanie Kelton) Part 6 - Pitchfork Economics with Nick Hanauer - Air Date 4-23-19 Discussing the conclusions to be drawn from the case for Modern Monetary Theory made by Stephanie Kelton VOICEMAILS Ch. 10: Impeachment would be symbolic - Jesse from Boston Ch. 11: Impeach but keep trump - Alan from Connecticut Ch. 12: Making the case for impeachment - Todd from Utah FINAL COMMENTS Ch. 12: Final comments summing up my major takeaways from researching MMT that I think we should all keep in mind MUSIC(Blue Dot Sessions): Opening Theme: Loving Acoustic Instrumental by John Douglas Orr Cases to Rest - Bodytonic Tripoli - Pecan Grove Lakal - Speakeasy The Wooden Platform - The Bulwark Long and Low Cloud - The Bulwark Denzel Sprak - CloudCover Glass Runner - Marble Run Pat Dog - Landsman Duets Voicemail Music: Low Key Lost Feeling Electro by Alex Stinnent Closing Music: Upbeat Laid Back Indie Rock by Alex Stinnent SH [...]