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PODCAST

Macro N Cheese

Steven D Grumbine

A podcast that critically examines the working-class struggle through the lens of MMT or Modern Monetary Theory. Host Steve Grumbine, founder of Real Progressives, provides incisive political commentary and showcases grassroots activism. Join us for a robust, unfiltered exploration of economic issues that impact the working class, as we challenge the status quo and prioritize collective well-being over profit. This is comfort food for the mind, fueling our fight for justice and equity!

education politics

All Episodes

01:07:09

Japan: A Case Study in MMT with Bill Mitchell

Macro N Cheese ·

2022/12/17

**After the episode, visit our “Extras” page where you’ll find links to Bill Mitchell’s blog, books, MMT education course, and more. Every episode of this podcast is also accompanied by a full transcript. realprogressives.org/macro-n-cheese-podcast/**Usually when Steve and his guests talk about culture, they’re referring to that of neoliberalism. As Scott Ferguson says, neoliberalism isn’t just enmeshed in our popular and esthetic culture; it is our culture. “There’s no enmeshing; it IS

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50:14

Exploring the Origins of Money with Clint Ballinger

Macro N Cheese ·

2022/12/10

Clint Ballinger is an economic geographer, a path he followed in search of answers to what he calls fundamental questions of political economy. Why did the Industrial Revolution occur in England and western Europe? What is the reason for the radically uneven distribution—radically unequal material well-being—around the world? It exists not only between countries, but within countries. As listeners to this podcast know, economics departments aren’t teaching this stuff.Modern economists take money out

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57:02

System Dynamics and the Minsky Model with Tyrone Keynes

Macro N Cheese ·

2022/12/03

** Check out the transcript for this and every episode of Macro N Cheese on the Real Progressives website. This week’s episode looks at using a recently developed economic model application developed by frequent Macro N Cheese guest, Steve Keen. The software is aptly named “Minsky” and Steve Grumbine’s guest, Tyrone Keynes, is an experienced user of the Minsky software modelling tool. Tyrone is a consultant whose specialties are economics, health, and ecological modelling systems. Steve and Tyrone

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01:02:15

Africa's Place in the Multi-Polar Order with Fadhel...

Macro N Cheese ·

2022/11/26

**Thank you to our listeners! Can you believe this is our 200th episode? Crazy, right? Well, it wouldn’t have been possible without the efforts of a dedicated team. Our sound editor and engineer, Andy Kennedy, has spent thousands of hours (literally) producing these weekly gems. Then there’s the diligent band of copy editors—Brad Sandler, Jonathan Kadmon, Jay Spencer, and yours truly, Virginia Cotts, (plus, in earlier days, Rose Ann Rabiola Miele and Rob Baxter)—who pore over every AI-generated

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57:23

The Breaking of the World with Thomas Fazi

Macro N Cheese ·

2022/11/19

Steve talks with Thomas Fazi, journalist/writer/translator/socialist. Many of us know him as co-author, with Bill Mitchell, of Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World.A few weeks ago, we had an episode entitled Trussonomics. It was recorded a few weeks after Liz became Prime Minister, and mere days before she got the boot, making her the shortest-serving PM in UK history. Fazi has a different take on the events leading up to Truss’s removal, and spends

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01:10:33

The Trinity of Austerity with Clara Mattei

Macro N Cheese ·

2022/11/12

“Austerity is the best weapon they have to try to convince. And if they can't convince, they can't coerce. So in my book, I say austerity plays with a double strategy: coercion and consensus.”Clara Mattei is the author of The Capital Order: How Economists Invented Austerity & Paved the Way to Fascism, published this month. Steve Grumbine, who uses the Twitter display name “Austerity is murder,” was drawn to her position that austerity is not just bad economic theory prescribing bad economic

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01:01:46

Gentrification and Culture with Davarian Baldwin

Macro N Cheese ·

2022/11/05

**Full transcripts of all our episodes are available on the website, where you will also find an “Extras” page with additional resources. realprogressives.org/macro-n-cheese-podcast/Steve’s guest, Davarian Baldwin, calls himself an urbanist. This affects his prescriptions for reparations in the US, which extend beyond ADOS and beyond individual payments. His bio says he is a historian, cultural critic, and social theorist of urban America – and this episode touches on all those strands. The legacy

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01:03:13

The New Cold War with Ben Norton

Macro N Cheese ·

2022/10/29

“We have to understand neoliberalism as a particular phase of capitalism dominated by US imperialism. So let's start with the last point I mentioned: regime change operation. Any country around the world, any government that tries to have state oversight over the economy opposing neoliberalism was overthrown through regime change.”Ben Norton’s journalism, according to his bio, focuses primarily on US foreign policy and geopolitics, but that description doesn’t do him justice. If any of our listeners

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49:51

Trussonomics with Neil Wilson

Macro N Cheese ·

2022/10/22

** Check out the transcript for this and every episode of Macro N Cheese at the Real Progressives website.Grumbine: I follow a lot of Brits on Twitter, and not just regular rank and file activists, but a lot of the actual economists. And the folks that are considered left, very strongly remind me of neoliberals.Wilson: Because they are. [laughter] What we have, you see, is this wonderful thing called the Oxford degree in philosophy, politics and economics [PPE]. And what happens is, when they

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59:59

Pakistan in Crisis with Aqdas Afzal

Macro N Cheese ·

2022/10/15

** To donate to the flood relief effort in Pakistan, please visit the Prime Minister’s Flood Relief Fund 2022How do we unpack a problem like this year’s floods in Pakistan? Where do we place the blame? Steve invited our friend Aqdas Afzal back on the podcast to discuss his recent article, “Collapse of Civilizations.”The article’s title is a cheeky play on Samuel Huntington’s “Clash of Civilizations,” which predicted massive conflict between the world’s non-white, non-Christian peoples and the global

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55:50

The Rise of Giorgia Meloni with Ivan Invernizzi

Macro N Cheese ·

2022/10/08

Ivan Invernizzi, of Rete MMT Italia and MMT France, returns to Macro N Cheese to bring us up to speed on the Italian political landscape. He and Steve met at the 2nd International MMT conference in NYC in 2018, and he was an early guest on this podcast.The US mainstream media tends to catastrophize the election of right-wing leaders around the world by lumping them all into a single sensational fascist identity. Ivan brings nuance to the issue. Italy has real historical experience with actual

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55:19

MMT For M4A with Fadhel Kaboub

Macro N Cheese ·

2022/10/01

The movement for free universal healthcare is under attack. Groups like March for Medicare for All, National Single Payer, and others, have been criticized for not buying into the Democratic Party’s agenda promoting individual state healthcare initiatives. The party wants us to stop pressuring Congress. They tell us to go home. They say there’s more likelihood of success in our statehouses.Well, MMT-informed activists can see through the party’s obfuscation. The single-state solution is no solution

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01:20:19

Can We Make Money Work For Us? with L. Randall Wray

Macro N Cheese ·

2022/09/24

Grumbine: Can we have too much money? Wray: Yes, we surely can. Usually, our problem is that there's too much bank money, and the usual consequence is a financial crisis. Obviously, Steve and his guest are talking about the nation, not their own wallets. In this episode, he welcomes L. Randall Wray to Macro N Cheese for the eighth time to talk about Randy’s new book, "Making Money Work for Us: How MMT Can Save America," which will be released in America in November. Our listeners know they can

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56:43

Billionaires As Policy Failure Factories with Cory...

Macro N Cheese ·

2022/09/17

Cory Doctorow writes when he’s anxious. He has eight books coming out soon. Yep, it’s been a tough couple of years.The number of upcoming books gives us a sense of the wide range of subjects Doctorow concerns himself with. His upcoming Chokepoint Capitalism, co-authored with Rebecca Giblin, is about monopoly, monopsony, and fairness in the creative arts labor market.Cory and Steve return to several themes throughout this episode, including the crushing effects of concentrated power. The past 40

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51:52

A New Labor with Liz Medina

Macro N Cheese ·

2022/09/10

Some of the more, um, senior members of the Macro N Cheese team can remember a time when the Democratic Party supported labor and the union movement. Then we came to realize we had it backwards – it's really the Party expecting support from the unions, who made donations, helped with campaigning, and got out the vote. Followers of this podcast are regularly introduced to guests who bring word of a newly invigorated labor movement – one that is no longer tied to the Democrats’ apron strings.Steve’s

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47:07

Moral Economies And Money with Jakob Feinig

Macro N Cheese ·

2022/09/03

When Jakob Feinig speaks of moral economies, he’s talking about we, the people – the currency users – and how we relate to the institutions that issue money, as well as our monetary knowledge and its ability to inform direct action. Needless to say, Modern Monetary Theory is an essential component of this.This week he and Steve discuss both moral economies and “monetary silencing,” a concept that gives shape to the frustration MMTers experience on a daily basis. Feinig has said he derived the term

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01:10:32

When the Systems Fail Us with Latasha Holloway

Macro N Cheese ·

2022/08/27

**EveryepisodeofMacroNCheeseisaccompaniedbyafulltranscriptandan“Extras”pageofadditionalresources.Findthematrealprogressives.org/macro-n-cheese-podcast/ThisweekSteveinterviewsLatashaHolloway,whoisrunningforCongressinVirginia’sThirdDistrict.Whatmakestheepisodeunusualisthefactthatthere’sverylittlecampaigntalk,exceptinconnectionwithherlegalbattleagainsttheCommonwealth.Listeningtoherstory,it'seasytoseewhyshe’srunningforoffice.Thecircumstancesofherlifeleftherlittlechoice.Latasha’sfamilyhistoryisoneofmulti-

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48:59

The Power of Organizing with David Van Deusen

Macro N Cheese ·

2022/08/20

David Van Deusen, president of the Vermont State Labor Council, AFL-CIO, talks to Steve about their radical ten-point program, adopted in 2019. In the interview, he explains why they were spurred to develop the plan and breaks down what it means in practice as they move away from lobbying and expand their focus on the rank-and-file. This includes training workshops for non-union workers – How to Organize 101.David describes their approach to building a social justice-oriented labor movement. They

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55:57

Please Look Up with Jason Hickel

Macro N Cheese ·

2022/08/13

Near the start of this episode, Jason Hickel raises Noam Chomsky’s position that the urgency of the climate crisis is so dire it will have to be dealt with under capitalism. There isn’t time to transition to socialism. Hickel disagrees. Capitalism is incapable of handling the problem.Hickel, an economic anthropologist, begins the interview pointing out the mistaken notion that we have no climate policy, no action, when in fact this is exactly what climate policy action under capitalism looks like:

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40:50

Is Geoengineering the Answer to Climate Crisis? with...

Macro N Cheese ·

2022/08/06

We often talk about climate change on this podcast. The IPCC deadline is hanging over our heads like the sword of Damocles. This week Steve talks to David Keith, a professor of both Applied Physics and Applied Policy at Harvard, and author of A Case for Climate Engineering.Climate engineering, a term for solar geoengineering or solar radiation modification, would enable us to alter the Earth's reflectivity and reduce some of the climate risks that come from accumulated carbon dioxide. Keith is quick

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