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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

01:05:36

African Sovereignty and a Global Green New Deal with...

Macro N Cheese ·

2020/09/05

Our guest this week is long-time friend of the podcast, Fadhel Kaboub. The Macro N Cheese audience will remember when Fadhel and Ndongo Samba Sylla visited with us last October on their way to the conference on African Monetary and Economic Sovereignty in Tunis, Tunisia. In that episode, we learned about the CFA franc, a vestige of colonialism, a symbol of the lack of true sovereignty in the post-colonial world, and a tool of economic oppression by international financial powers. The conference in

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58:41

Mutual Credit and the War on Cash with Brett Scott

Macro N Cheese ·

2020/08/29

This week Brett Scott brings us a report from the war zone. He’s based in the UK but the war on cash serves the same global interests and employs the same sort of weapons in the US. The interview begins with Steve asking about the role of COVID19. Brett tells of the huge British supermarkets, at the start of the pandemic, blasting the message that cash is dangerous; warning that passing cash from hand to hand is likely to carry the virus along with it. The CDC as well as major financial institutions

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56:50

A Lesson in Systemic Racism with Camille Walsh

Macro N Cheese ·

2020/08/22

Whenever Steve's guest is a lawyer, we know we're going to learn something new. Rohan Grey told us it's like the saying: “when you're a hammer, everything looks like a nail.” When you're a lawyer, you look at any issue and see a network of laws. This is why we're so grateful for the lawyers on Macro & Cheese - they teach us about that underlying legal framework. Camille Walsh isn't just a lawyer, she's a historian. We've been hearing about her book, Racial Taxation: Schools, Segregation, and

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49:12

The World of Angrynomics with Mark Blyth

Macro N Cheese ·

2020/08/15

World-renowned economics professor and accomplished author/podcaster/speaker Mark Blyth joins us this week to discuss MMT, the variants of capitalism, and the current culmination of the populist anger outlined in his new book Angrynomics, co-authored by Eric Lonergan. The book, in brief, is a revolutionary, yet practical solution for an economically unjust world brought into clear focus by the Covid19 pandemic. Mark has been a consistent ally to the progressive movement over the years, using his

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01:10:57

UNI's for All with Ben Wilson and Scott Ferguson

Macro N Cheese ·

2020/08/08

The Covid19 pandemic is much more than a public health catastrophe; it has highlighted and exacerbated economic, social, and environmental crises on an unprecedented scale. While Congress sits on their hands, a learning-by-doing experiment is already underway at the Federal Reserve. With more than 40 million Americans out of work, the Fed appears ready to fulfill its congressional mandate to both maximize employment and promote stable prices. Indeed, the strongest signal that this time things can

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01:08:42

Electing to Speak Out: Democracy Unchained with...

Macro N Cheese ·

2020/08/01

This week we welcome Richard Dien Winfield, a rare candidate for national office who is running on the Federal Job Guarantee and Medicare for All. It’s no surprise, then, that Richard is fully onboard with Modern Monetary Theory and spoke at the MMT Conference in Stonybrook last September. Steve talks with him about his new book, Democracy Unchained: How We Should Fulfill Our Social Rights and Save Self-Government, and the platform for his current campaign. Richard is running in Georgia’s special

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52:38

Paying Ourselves to Save the Planet: An MMT Story...

Macro N Cheese ·

2020/07/25

J.D. ALT is an architect who has spent much of his career researching, inventing, and visualizing things that he hoped might improve the quality-of-life and prosperity of collective society. Gradually, he came to two realizations: first, the kinds of things he was envisioning (free-to-ride downtown people-movers and affordable housing strategies) would never be undertaken by a profit-oriented corporate business model and, second, the only other possible financier--the federal government--was "broke"

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01:01:24

Banking Surveillance & Racial Taxation with Raúl...

Macro N Cheese ·

2020/07/18

A discussion of racial taxation and private digital currency may seem like two disparate subjects. Raúl Carrillo’s genius is his ability to explain these things in such a way that their intrinsic connections are unmistakable. Just as there is racialized taxation, we also have racialized surveillance, and private digital currency is definitely in the surveillance business. Previous episodes have spoken of the effects of racial taxation, creating a disparity in public schools due to the inequities in

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59:57

An Activist's Quest for Aboriginal Inclusion with...

Macro N Cheese ·

2020/07/11

Our guest is Jengis Osman, an activist and labor organizer who was led to Modern Monetary Theory through his life experiences and those of his family and the people he works with. After graduating from university, he struggled to find work and questioned why it had been easier for his grandparents who had immigrated to Australia from wartorn Cyprus in the 1970s. When he taught English to new immigrants, they asked the same question: why aren’t there enough jobs? Jengis now lives in the Northern

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01:03:30

Navigating the Coming Great Depression with John Harvey

Macro N Cheese ·

2020/07/04

This week we welcome back our favorite Cowboy Economist, who immediately tells us what a great job Real Progressives and Macro & Cheese are doing. Smart guy! John Harvey and Steve have much to discuss. The coronavirus pandemic is showing no signs of abating. It underscores or exacerbates all the other monumental problems we’re facing. There’s the high stakes presidential election asking us to choose between a deficit hawk neoliberal and a lunatic, while a large portion of the public have no faith

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58:27

Counterpoint: MMT’s Evaluation of AMI's Positive...

Macro N Cheese ·

2020/06/27

An alternate title for this episode could be “Back to Basics.” It reminds us why Randall Wray’s MMT Primer continues to be a definitive resource for the Macro & Cheese community. This 2017 interview came about when the American Monetary Institute (AMI) published an article critiquing MMT. Randy Wray was mentioned and quoted throughout, so Steve invited him on to set the record straight — and maybe shed some light on AMI and its theory of “positive money.” If you don’t come away with a clear

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01:11:05

Rights, Justice, Equality And All Things Funky with...

Macro N Cheese ·

2020/06/20

If any of our listeners aren’t following The Funky Academic on his website, YouTube, or Twitter, this episode will change all that. Macro n Cheese usually leans heavily towards economics, but Irami Osei-Frimpong arrives at many of the same conclusions that we do, yet gets there by a different route. That helps make this such an interesting interview. In these disturbing times, his strong sense of humor and irony are a welcome respite. Irami is a PhD student in philosophy, which he chose to study

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01:04:14

Nationalizing Payroll and The Right to a Job with...

Macro N Cheese ·

2020/06/13

The coronavirus epidemic has brought about an unprecedented level of unemployment and destitution in the US. Without significant structural change, it could affect people’s lives for decades to come. In this interview, Pavlina Tcherneva talks about the roots of the problem and lays out the kind of imaginative yet practical solutions that we need. Pavlina’s new book, The Case for a Job Guarantee, will be published later this month. It is a call to rethink the assumption that unemployment is

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54:24

Labor Pains with Tschaff Reisberg

Macro N Cheese ·

2020/06/06

Tschaff Reisberg is not only an early proponent of MMT, but is also a union representative with extensive experience in real-world struggles between workers and employers. His story - and that of the flight attendants union - is instructional for anyone fighting for fundamental change. Prior to the COVID-19 pandemic, the airline industry was booming. Flight attendants’ jobs were secure, with expectations of growth and more hiring. When the virus hit, the entire industry shut down. They lost 95% of

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01:02:13

Revolution H'20: A Discussion with Green Party...

Macro N Cheese ·

2020/05/30

Howie Hawkins is the Green Party’s candidate in the US presidential race. He joins Steve to discuss not only his platform, but the role of third parties in US politics and, of course, economics. Steve opens the episode by pointing out that he and Howie are in about 90% agreement on all the issues. Howie was the first US candidate to campaign for a Green New Deal ten years ago, in 2010. He ran against Andrew Cuomo for Governor of NY state in 2010, 2014, and 2018. With the suspension of Bernie

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01:20:27

A Legal Framework For a Digital Future with Rohan Grey

Macro N Cheese ·

2020/05/23

In March, Rohan Grey was the guest speaker on a Real Progressives National Outreach Call. He talked about his forthcoming book, Digitizing the Dollar: The Battle for the Soul of Public Money in the Age of Cryptocurrency. The title says it all. In the midst of the pandemic, people are living with unprecedented financial insecurity. There’s no real sense of when they’ll be able to return to work or whether there will be jobs awaiting them. Rohan had been working with Representative Rashida Tlaib on

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52:57

Reframing Marx Through Modern Monetary Theory with...

Macro N Cheese ·

2020/05/16

MMT seems like a natural fit for Marxists so why has there been some resistance to it? MMT explains the monetary system. Period. If we build a post-capitalist society we’ll need to understand how currency works. If we want to discuss getting rid of money altogether, we’ll still need to understand it. In this episode, Steve called upon Nathan Tankus to break it down and explain the objections to MMT among some on the left, particularly Marxists. Along the way, he tries to dispel some of the fears and

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53:11

A Universal Basic Income vs A Job Guarantee with...

Macro N Cheese ·

2020/05/09

This week we’re bringing back a conversation Steve had with journalist and researcher Claire Connelly in 2017, which explores all the best arguments in the job guarantee vs universal basic income debate. Claire says that the American nostalgia for a more prosperous era supports the case for government involvement in employment even beyond the New Deal. The fact that the US had almost full employment during WW2 is largely responsible for much of the prosperity in the postwar era. Even today, it

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01:06:54

The Con with Bill Black, Patrick Lovell and Eric Vaughan

Macro N Cheese ·

2020/05/02

April was the 33rd anniversary of the Keating 5 Savings & Loan scandal, so we brought back our favorite former bank-regulator, Bill Black, to talk about it. It turns out that Bill has been involved in a documentary series about banking fraud and suggested that we should also hear from the directors, Patrick Lovell and Eric Vaughan. He calls them “the Coen brothers of documentaries.” The Con is a 4-part series that was inspired by Patrick’s own experience during the 2008 Great Financial Crisis. He

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01:08:32

Afterberner: The Progressive Path Forward with Jamarl...

Macro N Cheese ·

2020/04/25

The progressive movement is still coming to terms with the suspension of Bernie Sanders’ campaign and his endorsement of Joe Biden. We decided to check in with one of our favorite people in independent media, Jamarl Thomas of Progressive Soapbox.Steve and Jamarl spend an hour (give or take a few minutes) addressing the two questions that seem to be on everyone’s mind: what went wrong and where do we go from here?Jamarl’s critique of Sanders is fairly straight-forward -- he went to war against a

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