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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

01:01:02

The Intersection of Marx and MMT with 1Dime

Macro N Cheese ·

2022/03/12

Here’s an episode for those Marxists curious about MMT and MMTers curious about Marxism. Steve’s guest is comfortable identifying as both. Tony, better known as 1Dime on social media, believes MMT is not a threat to Marxism because it’s like comparing apples to oranges. They are designed to explain two different things. “Modern Monetary Theory is about understanding monetary operations in a fiat currency world – how things are financed. It's a narrow theory.”He’s careful about labeling himself, but

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56:18

War and Peace: Ukraine and the Neoliberal Project...

Macro N Cheese ·

2022/03/05

**There’s a transcript accompanying every episode of Macro N Cheese. You'll also find links to other resources on the Extras page. Go to realprogressives.org.org/macro-n-cheese-podcast/ **Alexander Valchyshen brings special knowledge of both economics and conditions in Ukraine. He’s a PhD student under Scott Fullwiler and has more than twenty years of experience in Ukraine’s banking and financial markets, so he has a point of view that the US public rarely hears. Given the current geopolitical

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01:00:20

Challenging Critiques of MMT with Yeva Nersisyan

Macro N Cheese ·

2022/02/26

**Every episode of Macro N Cheese has a full transcript and an “extras” page with links to additional resources. Find them at realprogressives.org/macro-n-cheese-podcast/Fadhel Kaboub introduces us to the best people, including Yeva Nersisyan, a Research Scholar at the Global Institute for Sustainable Prosperity who joined Steve to talk about a paper she recently co-authored with Randall Wray, "Are We All MMTers Now? Not So Fast."The COVID pandemic has put MMT in the news, with plenty of critics

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53:22

Agitating Out of Poverty with Ruchira Sen

Macro N Cheese ·

2022/02/19

Steve’s guest is Dr. Ruchira Sen who got her PhD at UMKC where she studied with a number of friends of this podcast. Herresearch areas are in feminist economics, informed by institutional economics, MMT, and Marxian economics. She describes an economy built on the backs of women, that exists outside the normal parameters of capitalism while making it possible for capitalism to thrive.We've had neoliberal reforms since the 1990s, which has meant a gradual withdrawal of the state from almost

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55:33

Examining China with an MMT Lens with Yan Liang

Macro N Cheese ·

2022/02/12

This week’s episode is another chapter in our mission to educate ourselves about modern China. Yan Liang specializes in Modern Money Theory, international trade and finance, and economic development, with a special regional focus on China. She is also the wife of friend-of-the-podcast Eric Tymoigne.Steve and Yan discuss the truth and misconceptions about the ongoing competition between the US and China. It has created winners and losers, with the working class in both countries affected by

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01:09:03

Everything You Heard About China is Wrong with...

Macro N Cheese ·

2022/02/05

What do you know about modern China? Is it capitalist? Socialist? What do those terms mean in today’s global economies? According to Steve’s guest Vincent Huang, China considers itself “a socialist market economy with Chinese characteristics.” In this episode, Vincent tells Steve how this socialist market economy plays out in Chinese society, and how it compares to the world we know in the US – and just about everywhere else. There’s a stark difference in the power wielded by corporations, for

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54:28

Foundations with Warren Mosler

Macro N Cheese ·

2022/01/29

**Have you seen the Rogue Scholar, Steve Grumbine’s new brown bag lunch show on Mondays, Wednesdays, and Fridays at noon EST? For interviews, commentary, and, of course, MMT, go to Real Progress in Action on YouTube.Newcomers to MMT tend to draw a blank when they are told that taxes drive the currency or taxes created the first unemployed person. After all, none of that seems to track with the way they personally experience taxes. Warren Mosler makes sense of it by starting with the money story,

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01:05:30

Doughnuts with Steven Hail

Macro N Cheese ·

2022/01/22

Macro N Cheese devotes considerable attention to ecological economics and environmental justice. We’re always working to expand our understanding of both. Dr. Hail connects the dots between environmental sustainability and the broader public purpose. It’s a focus of his new podcast, “Modern Money Doughnut”.But that's done best of all in Kate's book, when she talks about the doughnut, when she talks about moving away from growthism, from pursuing the growth of GDP as though that is an end in itself,

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01:11:09

Duality with Bill Mitchell

Macro N Cheese ·

2022/01/15

We call this episode “Duality” because it covers what Bill Mitchell describes as separate realities experienced by the elites and the masses. We do not occupy the same universe. The results of this duality are reflected in the manufactured divisions within the working class itself and in the unequal economic power relations between countries. There is a conflict between the public’s need for services and capital’s need for profit and privatization.The point is, we live in 2 worlds – and the

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55:42

Sustainability: The New Economics with Stephen...

Macro N Cheese ·

2022/01/08

Stephen Williams and Philip Lawn join Steve to discuss the forthcoming book, Sustainability and the New Economics: Synthesising Ecological Economics and Modern Monetary Theory, which Williams co-edited. The book brings together sustainability, ecological economics, and MMT.As you learn more and more about this thing called sustainability, you realize that it's really the economic system that is at the heart of the problem. It's the economic system you have to change. So when you start studying what

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01:00:04

Red MMT España with Stuart Medina Miltimore

Macro N Cheese ·

2022/01/01

Stuart Medina is a founder and current president of Red MMT Spain. He joins Steve this week to talk about conditions in Spain after two years of the pandemic, more than two decades as a member of the eurozone, and nearly half a century since the death of General Franco, dictator from 1939 to 1975, when Spain became a parliamentary monarchy.In the 1960s and 70s Spain had a fairly successful state-led industrialization policy. Franco’s death coincides with the ideological victory of neoliberalism. The

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58:40

Understanding Inflation with Fadhel Kaboub

Macro N Cheese ·

2021/12/25

This week’s episode is the audio portion of a presentation by our friend Professor Fadhel Kaboub when he spoke with the Hanon Project's Yousra Magouri in September about the causes and effects of inflation during the pandemic. It’s a beautiful illustration that you don’t need an education in MMT to make sense of the economy. With Fadhel’s characteristic cogency, complex subjects are made accessible without sacrificing depth.He opens with basic definitions of inflation and how it is measured. He

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48:31

Can Blockchain Help the Left? with The Blockchain...

Macro N Cheese ·

2021/12/18

The Blockchain Socialist wants to dispel the notion that blockchain technology can only serve a right-wing libertarian agenda. In this week’s episode, he tells Steve the left loses out when new trends or innovations are introduced into the economy. Blockchain is a neutral tool on which we can build different types of organizations and institutions. He speaks of the risks taken when groups use Google Docs for organizing their information. Google’s removal of access to Palestinian activists should be

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48:16

Unanswered 9-11 Questions with Ray McGinnis

Macro N Cheese ·

2021/12/11

It's one thing to understand the US government will not protect us from certain types of abuse by corporations. We see it in the weakness of labor laws as well as environmental and consumer protection regulations. We know the government has no problem sending poor and working-class men and women into harm's way to protect corporate interests overseas. But how much farther will the state go to protect the interests of global capitalism?Ray McGinnis doesn’t claim to have all the answers, but he’s here

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59:10

Storming the Ivory Tower with Davarian Baldwin

Macro N Cheese ·

2021/12/04

Do you think of colleges and universities as protected islands of intellectual activity, ivory towers where the world’s problems are contemplated and debated? Steve Grumbine’s guest is here to tell us otherwise. Davarian Baldwin, of Trinity College, is an urban historian and social theorist, whose work examines the landscape of global cities through the lens of the African Diasporic experience. His most recent book is In the Shadow of the Ivory Tower: How Universities are Plundering Our

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59:52

Participatory Economics with Michael Albert

Macro N Cheese ·

2021/11/27

Michael Albert is one of the creators of participatory economics (parecon) and has developed a vision for a post-capitalist world that includes participatory governance. His new book, No Bosses, A New Economy for a Better World, goes into detail. From Noam Chomsky’s endorsement:*No Bosses* describes and advocates a natural and built Commons, workers’ and consumers’ self-managing councils, a division of labor that balances empowering tasks among all workers, a norm that apportions income for

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01:06:31

Mapping the Future of Humanity with Parag Khanna

Macro N Cheese ·

2021/11/20

**Reminder** Each episode of Macro N Cheese is accompanied by a transcript and an “Extras” page with links to related material and resources. To access, go to realprogressives.org/macro-n-cheese-podcast.In one sentence: the winners and losers of the 21st century are the countries that attract young people.Parag Khanna is a leading global strategy advisor and best-selling author of numerous books on globalization, migration, the info-state, and the future of the world order. In this episode, he

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01:00:20

MMT Europe with Dirk Ehnts

Macro N Cheese ·

2021/11/13

Dirk Ehnts, an economist from Berlin, joins us to talk about his book, Modern Monetary Theory and European Macroeconomics. In addition to discussing the current situation in the Eurozone, he helps us understand the similarities and differences between the Eurozone and the US, especially regarding the relationship between the individual states and the central bank.So in the US, whatever happens in your state ... you always have government spending coming from the federal level. So that's going to pay

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53:09

The Fall of Evergrande with Robert Hockett

Macro N Cheese ·

2021/11/06

Somber headlines recall the 2008 financial crisis: “Global financial markets have been on high alert,” warns the BBC. “Chinese property giant Evergrande is on the brink of collapse, and analysts warn the potential fallout could have far-reaching implications that spill outside China’s borders,” says CNBC. From the New York Times: “Every once in a while a company grows so big and messy that governments fear what would happen to the broader economy if it were to fail.”To navigate this story, we needed

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53:44

The Battle for America's Schools with Rana Odeh

Macro N Cheese ·

2021/10/30

This week Steve investigates the cutthroat world of local school board elections. So, get ready to get down and dirty... Just kidding! His guest, Rana Odeh, is the genuine article: thoughtful, straight forward, and unafraid to bring up uncomfortable topics. At a time when the country’s political polarization seeps into every crevice of civic and social life, our school boards have become battlegrounds. Rana is willing to armor up and fight for our youth and their education. Rana is running for a

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364 results

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