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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

51:50

Whither the Next Rebellion with Jamie Skillen

Macro N Cheese ·

2021/10/23

In 2014, Nevada cattle rancher Cliven Bundy and his supporters engaged in armed confrontation with law enforcement. Bundy had been embroiled in a 21-year legal dispute with the US Bureau of Land Management. The “Bundy Standoff” was splashed across the news, allowing the public to watch as Cliven Bundy became a hero – a symbol of conservative America under attack by the federal government.This week, Jamie Skillen talks with Steve Grumbine about the history and politics of federal lands. Skillen’s

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01:09:06

Things That Should Not Be with Scott Fullwiler

Macro N Cheese ·

2021/10/16

This week Steve welcomes Scott Fullwiler for the first time in two years. Scott is a research scholar at the Global Institute for Sustainable Prosperity and associate professor of economics at UMKC, where he teaches the macroeconomics PhD program. As listeners of this podcast know, UMKC is one of the two academic birthplaces of MMT.The episode begins with a look at social security and FICA taxes. Originally, the idea behind FICA was for people to feel like they’re paying into their own retirement

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56:03

The New Liberals with Steve Keen & Victor Kline

Macro N Cheese ·

2021/10/09

This week we’re checking in with a couple of candidates from The New Liberals (TNL) of Australia. We’ll be learning about the traditional Australian political parties and getting an overview of how their electoral system works.Steve Keen is an old friend of this podcast. In the past he’s joined us to talk about everything from climate change to Marx to the breakdown of supply chains during the COVID pandemic. Now we’re meeting him as a political candidate; soon Professor Keen will be Senator Keen

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01:18:48

What If We Lose Faith in the Dollar? with John Harvey

Macro N Cheese ·

2021/10/02

Our friend John Harvey is back to answer a question that’s usually accompanied by much wailing and gnashing of teeth: “what happens if people lose faith in the dollar?” The question contains all sorts of assumptions and intentions, which the Cowboy Economist proceeds to dismember, dispelling all sorts of myths – from inflation to the Fed. (He even tells us why China will continue holding US dollars, in case you’re worried.)One approach taken by the “faith in the dollar” Cassandras is that government

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48:27

Critical Mass with John & Aaron Yarmuth

Macro N Cheese ·

2021/09/25

Modern Monetary Theory Has a New Friend in Congress said the headline of a New York Times op-ed earlier this month. That friend is House Budget Committee chair John Yarmuth, the 8th term congressman from KY.Isn’t it ironic that it’s newsworthy when the chair of the House Budget Committee understands the basic truth about the workings of the US dollar? That it was a bold move for Yarmuth to appear on C-Span and explain how federal financing differs from our household budgets? This is the world we

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53:17

The Lightbulb Moment with Malcolm Reavell

Macro N Cheese ·

2021/09/18

MMT, at its most fundamental, shows us the difference between a currency user and the currency issuer. This reality affects policy decisions in ways it would be foolish to ignore. As Fadhel Kaboub and Bill Black explained here recently, even if it were possible to create some inadequate public programs at the state level, they will stall the progressive agenda.Malcolm Reavell of Modern Money Scotland talks to Steve about the parallel situation he and his compatriots are facing. Scotland’s annual

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59:55

When Less is More with Jason Hickel

Macro N Cheese ·

2021/09/11

Steve’s guest, Dr. Jason Hickel, is an economic anthropologist whose research focuses on global inequality, political economy, post-development and ecological economics. After listening to this episode, “degrowth” will become part of your vocabulary. For MMTers, it is a natural fit.Before unpacking the implications of degrowth, we need to understand how the language of growth has served to justify the exploitative ravages of capitalism and, to paraphrase Lenin, its highest stage – imperialism.Jason

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56:15

Money and the Limits of Sovereignty with Scott Ferguson

Macro N Cheese ·

2021/09/04

Scott Ferguson serves as editor of the Money on the Left (MotL) Editorial Collective and co-host of the Money on the Left podcast. In July, he was guest speaker at Real Progressives’ event, RP Live. This week, Macro N Cheese is presenting his talk, Money and the Limits of Sovereignty, in its entirety, along with most of the Q&A discussion.Trying to summarize the presentation would be doing it a disservice. The idea of sovereignty is one that has been a point of discussion – and a certain amount

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55:37

The Flint Water Crisis with Jordan Chariton

Macro N Cheese ·

2021/08/28

Status Coup Media's co-founder and CEO Jordan Chariton joins Real Progressives’ founder and CEO Steve Grumbine for a discussion of our crumbling infrastructure, our inept and complicit corporate media monolith, and they share some ideas about our options going forward.This conversation seems like a perfectly segued culmination of Jordan’s recent RP Live presentation on the corporate media cover-up of issues like Flint’s notorious water crisis and climate change related issues as well as last week’s

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01:20:51

Infrastructure with Robert Hockett

Macro N Cheese ·

2021/08/21

This week Steve brings back Robert Hockett to help us understand the big “I” word - infrastructure.Our focus on particular infrastructure depends on the social or public goals we have in mind. If we are a society that values mobility, we will concern ourselves with transportation infrastructure. If this were the 19th or early 20th centuries, we would be prioritizing infrastructure that facilitates industrial productivity. There’s also such a thing as “soft infrastructure.”It's probably worth noting

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56:48

Organizing For Power with Marianne Garneau

Macro N Cheese ·

2021/08/14

Marianne Garneau is a labor educator and organizer with the historic IWW, Industrial Workers of the World. She’s the publisher of the website Organizing.Work.According to Marianne, real-life examples of workers taking successful action anywhere, inspires, empowers and emboldens workers everywhere. The crucial tactic our labor movement currently lacks is the ability to exercise the muscle of collective action, acting in an organized, harmonious fashion, building coordinated disruption that defies

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01:13:46

The New Untouchables with Patrick Lovell and Eric...

Macro N Cheese ·

2021/08/07

When Bill Black introduced us to Patrick Lovell and Eric Vaughan, they were just wrapping up production of their documentary series, The Con, about the 2008 great financial crisis. More than a year has passed and we’ve become partners on a podcast and video series, The New Untouchables: The Pecora Files. Both series have a second season; TNU’s is five episodes in, and season 2 of The Con is not yet scheduled for release. Stay tuned.The episode opens with Steve telling Patrick and Eric about the

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01:09:15

The Geopolitics of the Russian Revolution with Esha...

Macro N Cheese ·

2021/07/31

Esha’s last visit to Macro N Cheese inspired Steve to read Lenin’s What Is to Be Done and John Reed’s Ten Days That Shook the World, igniting a new interest in political theory and revolutions. This, in turn, lit a fire under others on the Real Progressives’ team. In the past half year, we’ve been learning about the Russian, French and Haitian Revolutions. (If you haven’t yet heard last week’s episode on Haiti with Pascal Robert, what are you waiting for?)Esha’s Historic.ly podcast aims to

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01:01:48

Beyond The Black Jacobins: The Haitian Revolution...

Macro N Cheese ·

2021/07/24

In the US we are taught history from the point of view of the colonizers. The heroes are the victors, and the victors are the ruling class - the oppressors and exploiters - reconfigured to appear dashing and noble. When truth falls outside of this heroic narrative, it’s distorted or buried.Our guest this week, Pascal Robert, pulls back the curtain to reveal the story behind the myths of the Haitian Revolution. His work appears in Black Agenda Report and many other publications, and he’s co-host of

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58:55

Through the Eyes of Garry Davis: The World is My...

Macro N Cheese ·

2021/07/17

On Macro N Cheese, we often focus on economics - how society organizes real resources, and human life in general. We always seek ways to get our message out, to capture people’s imagination and motivate them. This week Steve talks to the director/producer of The World is My Country, a documentary about Garry Davis, who inspired and motivated millions of people as founder of the World Government of World Citizens.Garry Davis was a song and dance man on his way to becoming a success in show business

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52:03

How We Fund Policy Matters with L. Randall Wray

Macro N Cheese ·

2021/07/10

L. Randall Wray is a founding father of Modern Monetary Theory and is always a welcome guest on this podcast. This is his SIXTH episode of Macro N Cheese.Our community recently celebrated Congressman Yarmuth’s statement in support of MMT and his shout-out to The Deficit Myth. Randy tells Steve he was invited to speak to Yarmuth and his staff in 2019. He had planned to make a presentation on the data to show deficit fears have never come true.And so I sent them a bunch of slides and they said, "Yeah,

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01:02:08

The Rent's Too Damned High with Cory Doctorow

Macro N Cheese ·

2021/07/03

Cory Doctorow’s bio says he is a science fiction author, activist and journalist. He’s also a podcaster, blogger, Tweeter, and that rarest of birds, an MMTer. We invited him on to Macro N Cheese because of his article The Rent's Too Damn High: A Human Right, Commodified and Rendered Zero Sum. Steve talks to him about the multiple and complex causes of the pandemic housing bubble. Perhaps because he’s a novelist, Cory communicates in a compelling way, describing not just the causes, but the social

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01:05:32

An MMT Perspective: Interest Rates and Inflation with...

Macro N Cheese ·

2021/06/26

Real Progressives is on a mission to bring Modern Monetary Theory to the layperson. We don’t assume you’ve studied economics, only that you’re open-minded and curious. Once the MMT light bulb goes on, it reveals a myriad of implications, making it a powerful tool for political activists and organizers. It’s almost impossible to think of a political agenda unaffected.Some Macro N Cheese episodes can be difficult for newcomers, but it’s worth sticking with us. All will be revealed!Steve’s guest this

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55:13

Degrowth with Lorenz Keyszer

Macro N Cheese ·

2021/06/19

It’s customary to think of growth as something to aspire to and celebrate. It’s one of those words with positive connotations, like progress. Growth represents our progress as a society. The MMT community has called this into question by exposing the underbelly of the most celebrated measure of economic growth, the GDP. The costs of clean-up after a man-made or natural disaster, like an oil spill or hurricane, represent an increase to the GDP. How twisted is that?Steve’s guest this week is Lorenz

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01:13:20

The Race to the Bottom with Fadhel Kaboub and Bill Black

Macro N Cheese ·

2021/06/12

To unpack the confusion around the push for state-based vs federal programs, it’s necessary to understand the race to the bottom. So this is where Steve Grumbine begins his interview with Bill Black and Fadhel Kaboub. The inequities among the Eurozone nations have their parallel in the US. At both the global and national levels, the race to the bottom affects labor standards, environmental regulations, tax rates, and basic services. To understand this, we always turn to the MMT explanation of the

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364 results

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