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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!

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All Episodes

01:21:42

Imports, Exports and Empire with Bill Mitchell

Macro N Cheese ·

2022/07/30

In a recent episode of Macro N Cheese, Steve spoke with a guest about the MMT view of exports as a benefit and imports as a cost. There ensued some disagreement on social media (where else?) This week Steve invited Bill Mitchell to weigh in on the topic. As their discussion develops, this becomes an episode we’d recommend to anyone who is still unclear on the meaning and consequences of foreign trade deficits.“Exports have to be a cost because you're foregoing real resources that you could use

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01:07:48

The Citizens' Ledger with Robert Hockett

Macro N Cheese ·

2022/07/23

Robert Hockett joins Steve to talk about his latest book, The Citizens’ Ledger: Digitizing Our Money, Democratizing Our Future. The episode is right at home in our archive of interviews around the topics of fintech, digital wallets, cryptocurrency, CBDCs, and privacy. We urge our listeners to look up past episodes featuring Brett Scott and Rohan Grey.Just about everyone acknowledges that digital payment systems offer enormous convenience, but we’re equally aware they come with a cost – we lose all

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01:01:23

Cloudmoney with Brett Scott

Macro N Cheese ·

2022/07/16

At first glance, HBO’s new documentary series The Anarchists looks like fun. It’s got the sexy circle-A symbol in the title and… Well, at second glance, that’s all it has going for it. The title. If you’re hoping to find the intellectual heirs of Emma Goldman and Bakunin, you’ll be disappointed. These aren’t even the scrappy anarchists of punk rock or the raucous groups waving black banners at demonstrations. HBO’s Anarchists are the one percent. They are tech billionaires and cryptocurrency

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53:15

The End of Dollar Diplomacy? with Steve Keen and...

Macro N Cheese ·

2022/07/09

**A transcript is available for this and every episode of the podcast at realprogressives.org/macro-n-cheese-podcast/ where you will also find an Extras page with links to resources related to the episode.**In one of the most exciting pairings we’ve had on this podcast, Michael Hudson and Steve Keen join Steve Grumbine to talk about geopolitics, international production and trade, the climate crisis, and a bit of MMT.Grumbine begins by asking them to address Warren Mosler’s position that imports are

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52:25

Class Struggle Unionism with Joe Burns

Macro N Cheese ·

2022/07/02

ListenerswhocameofageintheUSsince2008don’trememberatimewhen“class”wasatermonlyusedbypoliticians-andalwayswiththemodifier“middle.”Candidatesofbothpartiesassuredusoftheirdeepaffectionforandconnectiontothemiddleclass.Theyleftituptoustodefinewhatexactlythatmeant.Unlessyouassociatedwithleftists,youweremorelikelytohear“capitalism”spokenofbyconservativesagainwithamodifier:“freemarket.”Formany,theglobalfinancialcrisiswasanundeniablewakeupcallandOccupyWallStreetdrewattentionawayfromWashington,DC,andpointeditt

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01:09:28

A 21st Century Bill of Rights with Harvey J. Kaye and...

Macro N Cheese ·

2022/06/25

This week, Harvey J. Kaye and Alan Minsky stop by the Macro N Cheese clubhouse to talk to Steve about the 21st Century Economic Bill of Rights. Kaye, a historian, brings stories of FDR’s four freedoms and the impetus for what he called the 2nd Bill of Rights – an Economic Bill of Rights. Minsky brings his experience in progressive politics, both as a journalist and with Progressive Democrats of America. Of course, the Minsky name holds a special place in our MMT hearts – our own Randy Wray studied

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59:04

Economic Superorganism with Carey King

Macro N Cheese ·

2022/06/18

This episode of Macro N Cheese introduces us to Dr. Carey King of the University of Texas at Austin where he performs research and modeling of energy systems interaction with the economy past, present and future. He has published a book, The Economic Superorganism describing his research extrapolating the results into policy suggestions.Steve opens the episode describing the term “real resources” and asks Dr. King to explain the approach he took in his book. The explanation reaches back into history

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01:05:37

Brazil: From Hope to Fascism with Daniel Conceição

Macro N Cheese ·

2022/06/11

Dr. Daniel Negreiros Conceição developed an interest in economics at a young age, having experienced the consequences of inflationary crises during his formative years. After being entranced by the writings of MMT economists as an undergrad studying economics at the Federal University of Rio de Janeiro, he came to the US to do his graduate studies at UMKC where he became a friend and colleague of so many of our favorite guests on this podcast. He left determined to use what he learned to help his

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51:24

Neocolonialism and the Unholy Trinity with Fadhel Kaboub

Macro N Cheese ·

2022/06/04

Our listeners know that Steve is a perpetual student -- his YouTube show is called The Rogue Scholar. He makes no apologies for past incomplete or erroneous thinking; he just soldiers on, deepening his understanding of the issues and course-correcting his analysis. He is a voracious reader and we can identify at least three books that led to this week’s episode: The Divide, by Jason Hickel, Blackshirts and Reds, by Michael Parenti, and Imperialism, the Highest Stage of Capitalism, by Vladimir

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01:01:16

Taming Inflation with Robert Hockett

Macro N Cheese ·

2022/05/28

** Be sure to check out the transcript for each episode of this podcast on our website, where you will also find an “Extras” page with links to related resources. realprogressives.org/macro-n-cheese-podcast **Robert Hockett drops into the Macro N Cheese clubhouse to talk to Steve about the usual stuff: inflation, monopoly capitalism, the massive scale of global inequality, and the climate crisis barreling down on us at an ever-faster speed. It is our ninth episode with Bob, this one spurred by his

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59:57

Inflation: The Fed's Crash Landing with L. Randall Wray

Macro N Cheese ·

2022/05/21

Real Progressives and Macro N Cheese are committed to bringing MMT to activists and folks with no background in economics. Many of us were only interested in learning how MMT disrupts the concept of taxes funding federal programs, but the more we know, the more we want to understand. MMT is funny that way.If you’re new to MMT, this week’s interview with L. Randall Wray might appear to be wonky and intimidating. But we urge you to listen and promise it will be worth it. We’ve had a few episodes

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54:57

Pakistan's False Dawn and the Beginning of History...

Macro N Cheese ·

2022/05/14

A false dawn is a promising situation which comes to nothing. This is how Aqdas Afzal describes the situation in his native Pakistan and India at the end of the Raj.“The point to remember here, Steve, is that the British were in India not to govern. They were in India to extract surplus and to maintain what they called law and order. And so the British left without giving the local people any taste or mechanism for bringing about accountability or democracy. But they did leave behind these two very,

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58:53

A Macro View of Iceland with Ólafur Margeirsson

Macro N Cheese ·

2022/05/07

**Transcripts and extras for this episode can be found at realprogressives.org/macro-n-cheese-podcast.** Iceland’s economy is an example of MMT working the way MMT economists say it works. It is the second smallest free-floating currency in the world. However, despite its size, conditions are dramatically different than in a country like Greece, shackled to a currency outside its control. For better or worse, Iceland has a bit of monetary sovereignty.“When you have your own currency, you can develop

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55:36

Mao: The Cultural Revolution with Carl Zha

Macro N Cheese ·

2022/04/30

Welcome to the third and final chapter in our series with Carl Zha on Mao and the Chinese Revolution. This one covers the sticky wicket of the Cultural Revolution, and the most controversial part of Mao’s legacy. It exposes the danger of a leader being out of touch with the base.The episode also looks at the complex political history of Tibet, an issue of concern to a few American celebrity Buddhists. (Spoiler alert: the story was rife with class conflict. Isn’t that always the case? What history

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01:00:20

Mao: The Civil War and The Great Leap Forward with...

Macro N Cheese ·

2022/04/23

**Every episode of Macro N Cheese has a full transcript at realprogressives.org/macro-n-cheese-podcast. While you’re there, check out the extras page, with links to further information related to the week’s topic.The first part of this three-part series talked about China from Mao’s birth in 1893 through the Sino-Japanese war to the eve of the Chinese Civil War in 1945. This week, Carl discusses the civil war and the ultimate success of the Chinese Communist forces, despite being vastly outnumbered

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58:28

Mao: The Sino-Japanese War with Carl Zha

Macro N Cheese ·

2022/04/16

In the first of a three-part series about Mao Zedong and the Chinese revolution, Carl Zha sets the stage with its pre-revolutionary history. Carl, host of the Silk and Steel podcast, was born in China in 1976, one month after the death of Mao, placing him squarely in the first post-cultural, post-Mao generation.The episode opens with Japan’s imperial expansion into China. After its defeat by Japan, there was a scramble to carve up China among the major world powers – France, Britain, Russia, Japan,

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01:20:27

The E-Cash Act with Rohan Grey

Macro N Cheese ·

2022/04/09

“In one sense, it's a state initiative, but in the other sense it's actually preserving rights of individuals against the state.”Rohan Grey is back with us for the seventh time. In this episode, he talks to Steve about the ECASH Act, which he helped craft as a step toward creating public digital dollars with the privacy and anonymity of physical cash.To explain the features this future currency requires, and the problems to be solved, Rohan takes us on a tour of the history of money, early

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58:23

Investing in Sustainability with Paul Herman

Macro N Cheese ·

2022/04/02

** If you haven’t checked out the transcripts and extra resources for all 166 episodes of Macro N Cheese, what are you waiting for? Go to realprogressives.org/macro-n-cheese-podcast **Steve opens this episode with the MMT observation of the government’s ability to purchase anything for sale in US dollars if the real sources are available – and if we have the political will. When it comes to getting things done, this is of fundamental importance. Steve's guest, Paul Herman, agrees and looks beyond

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01:05:29

Finding Mosler with Philip Armstrong

Macro N Cheese ·

2022/03/26

What a pleasure hearing Phil Armstrong tell us how MMT makes him feel supremely confident. He’s not afraid of going toe-to-toe with “experts” despite their credentials, because he has the right model. He has MMT.Phil was teaching high school economics in Iowa before going back to the UK to get his Masters and, much later, his PhD. An interest in post-Keynesianism eventually led him to Mosler and the world of MMT. He has recently published his first book, Can Heterodox Economics Make a Difference

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52:55

Bullshit Jobs? with Erik Dean

Macro N Cheese ·

2022/03/19

It's hard to imagine ever having been unaware of the concept of bullshit jobs, but David Graeber made it official and helped us understand their role in our economy. Bullshit jobs are not necessarily shit jobs, nor are they low wage jobs, or dirty jobs. Bullshit jobs are those that are meaningless. The person doing the bullshit job doesn’t believe the work actually needs to get done.This week’s guest, Erik Dean, has studied the nature of modern jobs within money manager capitalism. He points out

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364 results

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