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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

01:38:36

Defining the World of Crypto and the Digital Commons...

Macro N Cheese ·

2021/06/05

If you’re a crypto-phobe, or simply bored by fintech and all those “coins,” don’t let it stop you from listening to this episode. Rohan Grey places these topics within the context of our history, political economy, the law, MMT, policy, and today’s progressive movement. The fact that technology changes the world is nothing new. It affects everything.You can look across history and say, look, it mattered when we created the written word and stopped building societies around oral communities where

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59:56

The Case Against a Universal Basic Income with Bill...

Macro N Cheese ·

2021/05/29

Professor Bill Mitchell was our very first guest on Macro N Cheese, and now here he is, 122 weeks later. Episode #1 was Putting the T in MMT. This week Steve asks him to discuss the single policy prescription at the core of MMT - the Federal Job Guarantee. The discussion goes into the parameters and nuance of the FJG and the pitfalls of a Universal Basic Income as a competing possibility.Bill asserts that implementing a UBI to deal with unemployment and poverty would be capitulating to the

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54:46

What Marx Got Wrong with Steve Keen

Macro N Cheese ·

2021/05/22

Steve Keen can be counted on to bring a unique and controversial perspective. This time he turns his critical gaze toward what some feel is sacred in Marx’s legacy. The interview takes a dive into complex theory, which we won’t even attempt to summarize here.Keen says Marx’s philosophical thinking ultimately transcended his own labor theory of value which asserts that all surplus value derives solely from labor. In the Grundrisse, he acknowledges the role of machinery in the production process

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59:19

Chain Reactions with Mike Figueredo

Macro N Cheese ·

2021/05/15

Mike Figueredo and Steve Grumbine have a lot in common. Both are on a journey toward radicalization. Both recognize the importance of MMT in this process. Steve was recently Mike’s guest on The Humanist Report in an episode that was part MMT primer and part discussion of their mutual anti-capitalist awakening. This week, Mike comes to us.When we activists and non-economists first learn MMT, we experience a chain reaction as one shibboleth after another is toppled. The insights strike us as both

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01:04:40

Point Counterpoint: The Biden First 100 Days with...

Macro N Cheese ·

2021/05/08

Robert Hockett is back to share his irrepressible optimism as he and Steve review Biden’s first 100 days. They both admit the administration has done more than they expected, but then again, they weren’t expecting much. When Pramila Jayapal awarded the president an A, she must have been grading on a curve.Bob isn’t confident predicting what the coming months will bring, but he expresses both his hopes and fears around a number of issues. How will Biden navigate the shoals of very shallow Democratic

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52:51

The Web of Progress with Jen Perelman

Macro N Cheese ·

2021/05/01

This week our guest is the fearless Jen Perelman, host of JENerational Change and recent challenger to establishment sweetheart Debbie Wasserman-Schultz. Jen and Steve have a genial conversation about electoral politics, revolutionary action, and the path forward.Jen talks about her campaign against the notorious DWS, and how inherently flawed and exclusionary our current political framework is. We will never vote our way to revolution. Significant change will only be born of a huge labor movement

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01:10:00

Reparations with Sandy Darity and Kirsten Mullen

Macro N Cheese ·

2021/04/24

This week, Kirsten Mullen and Sandy Darity join Steve to talk about their book From Here to Equality: Reparations for Black Americans in the Twenty-First Century.In recent years the debate on reparations has gained some momentum, though not for the first time, as Mullen and Darity point out. “40 acres and a mule” was among the first promises made (and broken) to black Americans since the end of the Civil War. While white families benefited from the homestead act and have continued to receive aid and

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01:07:41

Beyond the Deficit Myth with Brian Romanchuk

Macro N Cheese ·

2021/04/17

This week, Steve catches up with Brian Romanchuk to talk about his latest book, Modern Monetary Theory and the Recovery. Brian was last on in episode 16, two years ago. A lot has happened since then.From his blog, Bond Economics:This book discusses the causes of slow growth in the developed world after the early 1990s from a Modern Monetary Theory perspective. Policy proposals from MMT proponents that aim to rejuvenate the labor market without causing a resurgence of inflation will be examined.Brian

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57:33

Fiscal Money and the European Union with Marco Cattaneo

Macro N Cheese ·

2021/04/10

Even a very dysfunctional system is beneficial to somebody. And that's the reason why changing course is difficult.Economist Marco Cattaneo joins us this week to talk about “fiscal currency” and how it could provide a partial solution to the economies that haven’t fared so well from the adoption of the euro, the currency being used by 19 of the 27 countries of the European Union.The shared single currency has proven to be too strong for some and too weak for others, making it difficult to set up

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01:07:19

When the Whistle Blows with Richard Bowen

Macro N Cheese ·

2021/04/03

Steve Grumbine welcomes the uncompromising and incorruptible Richard Bowen to the studio to discuss the intricate web of deception and fraud more commonly known as our private banking system. Having been at Citigroup during the mortgage crisis, he had an insider’s eye view of the stranglehold the large banks have on our country. The financial services industry is one of the largest contributors to political campaigns and there’s a revolving door between the regulatory agencies and the institutions

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01:03:56

Financial Fragility with Eric Tymoigne

Macro N Cheese ·

2021/03/27

Real Progressives recently created a series on fraud and the great financial crisis. To further understand the economic underpinnings of 2008 and other financial crises, Steve turned to Eric Tymoigne, inviting him on to talk about the book he co-authored with Randall Wray, The Rise and Fall of Money Manager Capitalism: Minsky's Half-Century from World War Two to the Great Recession.Alan Greenspan called the financial crisis a “once in a century tsunami,” a huge shock that occurred to the system that

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01:00:50

Neoliberalism: The Denouement with Thomas Fazi

Macro N Cheese ·

2021/03/20

At the start of the pandemic, Thomas Fazi wrote an article entitled “Could COVID-19 Vanquish Neoliberalism?” It was in response to the optimistic analysis, especially coming from the left who saw in the state’s reaction a deep crisis of neoliberalism.In fact, some were predicting the death of neoliberalism and the rise of a new regime, one characterized by greater state intervention and greater state regulation of markets, more active fiscal policies and greater attention to the needs of societies,

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56:05

Cancel This Podcast with Dan Kovalik

Macro N Cheese ·

2021/03/13

This week Steve talks with Dan Kovalik, a labor and human rights lawyer, who recently wrote a book aptly titled Cancel This Book. The episode is more conversation than interview; Dan and Steve both have a lot to say about cancel culture.Dan tells the story of Molly Rush, an 85-year-old peace activist who once served time in jail for participating in a protest at a nuclear bombsite with the Berrigan brothers. Molly went on to help found the Thomas Merton Center in Pittsburgh, one of the oldest peace

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01:02:17

Taming the Megabanks with Art Wilmarth

Macro N Cheese ·

2021/03/06

This week Steve talks with Arthur Wilmarth, fresh off his appearance in our current series, The New Untouchables: The Pecora Files, which dovetails neatly into the subject of Art’s latest book, Taming the Megabanks: Why We Need a New Glass-Steagall Act.Art takes us through the original Glass-Steagall, adopted at the start of the Roosevelt administration as an early part of the New Deal when it became clear that allowing banks to get into the securities business and sell high-risk securities to

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14:32

Austin Needs Water with Romteen Farasat

Macro N Cheese ·

2021/03/03

In this extra edition of Macro N Cheese, Steve talks with Romteen Farasat, Incident Commander of Austin Needs Water.We all saw the news photos of Texas under a blanket of snow and ice. The freeze occurred the night of February 14th, yet two weeks later, people are still living without water. Public water has returned but private water lines are still off. They serve apartment buildings and housing complexes, so tens of thousands of residents are still going without.When government fails to step up,

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01:01:28

Institutions with Linwood Tauheed

Macro N Cheese ·

2021/02/27

This week Steve talks with Linwood Tauheed, someone we’ve heard about from several of our recent guests. Dr. Tauheed is an institutionalist economist; he looks at the economy not as a macroeconomy or a microeconomy, but as an economy that's founded on institutions. Beyond the economy, or perhaps intertwined with it, institutional frameworks enable and constrain all parts of social life. They are sometimes the unconscious or conscious ideas that structure the way ordinary people live their lives.Such

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57:34

Knowledge is Power with Rev. Delman Coates

Macro N Cheese ·

2021/02/20

The last time Delman Coates was a guest on Macro N Cheese, the Our Money campaign was still fairly new, this podcast was on its 20th episode, and none of us had heard of COVID-19. Now, almost two years and 100 episodes later, it was long overdue for him and Steve to get together again.Delman believes the federal response to the pandemic has been an eye-opener. People saw the government use the public purse to provide economic stimulus. New money was created through deficit spending without the need

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01:09:37

We Are Losing The Media War with Jordan Chariton

Macro N Cheese ·

2021/02/13

From his days at TYT to his ground-breaking investigative work at Status Coup, Jordan Chariton has been on the front lines of journalism for years. The stories he covers should be plastered all over cable news and the national publications… but they aren’t. While the mainstream is obsessed with impeachment and a newly-elected Republican who follows QAnon, Jordan has been reporting on the tragedies and travesties being visited upon American communities far from Washington, DC.From Flint’s poisoned

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01:06:40

Reform or Revolution with Danny Haiphong

Macro N Cheese ·

2021/02/06

We at Macro N Cheese are big fans of Black Agenda Report because of their clear, no-bullshit analysis and their global perspective. This week’s guest does not disappoint. Danny Haiphong is a contributing editor of BAR, co-host of The Left Lens, and co-author of American Exceptionalism and American Innocence: A People's History of Fake News―From the Revolutionary War to the War on Terror.Danny describes austerity as the assault on the rights and well-being of working people. It has been normalized

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01:11:50

The Case for Scottish Independence with Kairin Van...

Macro N Cheese ·

2021/01/30

We’ve had several episodes on Brexit, but this is the first time we’re talking about it with a Scottish nationalist. Kairin Van Sweeden is the executive director of Modern Money Scotland and works with the SNP, the Scottish National Party.Joining the union was forced upon the Scottish people in 1707 against the wishes of the majority. With the seat of government and economic power concentrated in London, the needs of Scotland are not a priority in the UK. Despite the continual growth of the

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364 results

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