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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

50:52

Supply Chains and Pandemics with Steve Keen

Macro N Cheese ·

2020/04/18

If you missed our recent episode with Professor Steve Keen, you’ll want to go back and listen to it soon. In January he spoke of the inevitability of disastrous climate crises. Now here we are, a few months later: different crisis, same chaos, inescapable tragedy. Although there is much agreement between Steve Keen and our friends in the MMT community, there are a couple of areas where the views diverge. At Macro n Cheese, we’re not afraid of a little disagreement. In fact, we welcome it. We’re all

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53:04

Revolutions and Reconciliations: The Bernie Sanders...

Macro N Cheese ·

2020/04/11

As The Intercept’s DC Bureau Chief, Ryan Grim is well-positioned to assess the American political scene. This interview took place a few days before Bernie Sanders suspended his presidential campaign, but the writing was already on the wall. We all know that the movement still has work to do, but we're faced with different possible strategies now that we no longer have Bernie to shine a light and bring media attention to it. Steve and Ryan discuss where to go from here. Between the energy and

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01:02:25

Ground Zero with Lauren Ashcraft

Macro N Cheese ·

2020/04/04

This week’s guest is a bit of a departure for us. We don’t usually interview political candidates but Lauren Ashcraft is a stand-up comedian, a Democratic Socialist, and an ardent proponent of MMT, so how could we resist? She was introduced to us by our friend Andrés Bernal, who must have recognized how well all these attributes would serve her in the US Congress. When someone’s convictions are born of their lived experiences, the roots run deep. Corporate greed literally killed her grandfather who

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57:10

HBCU's, Codeswitching and MMT with Matthew Robinson

Macro N Cheese ·

2020/03/28

Sometimes it seems like economists forget that economics is a social science which is why we’re excited to bring the new generation of MMT to Macro n Cheese. Matthew Robinson is a doctoral student at UMKC, which has been an academic home base to many friends of this podcast, including Mat Forstater who brought Matthew to our attention. Matthew talks to Steve about the personal and academic journey that led to his current work. As an undergrad at Fresno State, he saw a disconnect between what he was

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01:06:41

COVID-19 with Fadhel Kaboub

Macro N Cheese ·

2020/03/21

When asked to talk about public health needs during the current coronavirus pandemic, Fadhel Kaboub immediately brings up climate change and expands the concept of public health to a degree that some will find surprising. After giving it a moment’s thought you can’t help but agree. Even if COVID-19 isn’t related to climate change, the effects of the climate crisis will accelerate in the coming years and we’ll see more pandemics and other disasters. We were caught flat-footed this time, but our

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56:40

The Black Vote and The Bernie Sanders Movement with...

Macro N Cheese ·

2020/03/14

Recent presidential primary results have been disappointing for supporters of Bernie Sanders. The corporate media and mainstream pundits say that Bernie’s weakness is his failure to attract Black voters. Steve’s guest, Glen Ford, executive editor of Black Agenda Report, tells us that, in fact, Bernie’s agenda is quite popular among blacks, especially the younger generation. The problem lies elsewhere. Our two-party system of governing reflects the realities of our capitalist and racist nation. One

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58:46

Radical Honesty in the Age of Deceit with Warren Mosler

Macro N Cheese ·

2020/03/07

Our guest is the OG of MMT. Listeners always appreciate Warren Mosler’s ability to slice through to the clear and practical fiscal implication of any policy consideration. Today he talks to Steve about the deflationary bias of Medicare for All, the countercyclical effects of a federal job guarantee, how to apportion the resources that will be freed up by M4A, and why it makes sense to replace the income tax with some kind of asset tax. You don’t need a degree in economics to understand why

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53:23

OK, Boomer. Great Again Isn't Good Enough with L....

Macro N Cheese ·

2020/02/29

It’s always a treat to welcome L. Randall Wray, one of our favorite economists and guests, to Macro n Cheese. This episode is an added treat because, in a bit of a departure, Randy talks to Steve about politics and policy, looking through the lens of MMT while putting today’s issues in a historical context. Who better to bring that perspective than someone who lived through it? Maybe he wasn’t around for the Great Depression or World War II, but as a baby boomer, he witnessed first hand much of the

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01:02:16

A Road Less Travelled and the Media with Alexandra...

Macro N Cheese ·

2020/02/22

Our guest, Alexandra Scaggs, is a senior writer at Barron’s, where she covers markets and fixed income. The episode begins as an interview about financial journalism and dealing head-on with the neoliberal economic narrative, but evolves into a conversation that is both personal and political in which she and Steve share their experiences with everything from sobriety to learning about MMT. As Alexandra tells it, news organizations maintain the mainstream narrative through ways both subtle and

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58:30

The Economics of Martin Luther King Jr. with Mathew...

Macro N Cheese ·

2020/02/15

The mainstream media has created a pasteurized and homogenized version of Martin Luther King, Jr, befitting the neoliberal cultural bell jar. That being said, our friend Mathew Forstater reminds us that Dr King had a laser-like focus on economics and unemployment. The massively successful August 1963 march was called The March on Washington for Jobs and Freedom for a reason. Without economic security, the social and political advances of the civil rights movement cannot take hold. Steve kicks off

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55:01

Empire with Ajamu Baraka

Macro N Cheese ·

2020/02/08

In the midst of the chaos of the campaign season, it’s important to remember that there’s a whole world out there, where people are suffering in large part due to the actions of the US. Our guest Ajamu Baraka is never far from that reality and his global perspective is woven throughout this interview. He is an internationally recognized leader of the emerging human rights movement in the U.S. and has been at the forefront of efforts to apply the international human rights framework to social justice

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56:38

Colored Property: A History of Redlining with David...

Macro N Cheese ·

2020/02/01

The post-war years are widely trumpeted as the golden era for America’s middle class. This is when we became a nation of suburban homeowners. Most would agree that federal programs - like the GI Bill and the FHA - contributed to this prosperity. Where some will differ is the extent to which the government is responsible. Our guest, David Freund, sets us straight. David pierces through the propaganda and exposes the reality behind the sunny fantasy of the post-war economy. His book, Colored

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01:13:38

Sanders v. Warren and the Overton Window with Robert...

Macro N Cheese ·

2020/01/25

On a podcast that’s primarily about macro, today we’re compelled to talk about the cheese. The last time Bob Hockett was here, he told a skeptical Macro & Cheese audience that Elizabeth Warren was genuinely progressive and, he believed, deserving of our trust. We’ve seen him on Twitter, getting into testy exchanges about her motives. Now he sadly acknowledges that those motives are less than pure. Last week on the debate stage, Warren called into question Bernie’s truthfulness. In apparent

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01:07:01

Event Horizon: A Climate In Crisis with Steve Keen

Macro N Cheese ·

2020/01/18

If you thought you understood the urgency of climate change, our guest, Professor Steve Keen, will shatter those illusions. We’ll be straight with you, this is not an easy episode to hear - but you need to listen anyway. How can we deal with the effects of climate change if we don’t understand the urgency? Professor Keen won’t sugar coat it but he can back up every statement with facts, figures, and astute analysis. Throughout the interview, he refers to - and debunks - the work of William

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55:52

The Paradox of Enlightenment with Lua Kamál Yuille

Macro N Cheese ·

2020/01/11

What are the mental roadblocks to achieving a system that creates prosperity for all? We often talk about the neoliberal narrative on this podcast, but this week’s guest, Lua Yuille, peels the onion a few more layers to reveal the structure beneath the story-telling -- what some may call brain-washing -- showing us how our minds have been colonized and need to be untrained. Our entire legal system is framed and structured to convince people that they are achieving or failing on their own. We frame

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58:04

How to Lose an Election in 60 Days with Patricia Pino

Macro N Cheese ·

2020/01/04

The UK’s MMT Podcast has been an inspiration to us since well before we launched Macro n Cheese. As fellow MMT promoters from outside the academy, we consider the co-hosts, Patricia Pino and Christian Reilly, to be kindred spirits. So it’s always a treat to have them as guests on our show. This week, it’s Patricia’s turn to explain the behavior of our UK cousins as we seek to learn lessons from their most recent electoral debacle. When Steve spoke with Patricia, she was still feeling intense

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01:03:31

Reclaiming The Brexit with Bill Mitchell

Macro N Cheese ·

2019/12/28

In April of 2018, Jacobin Magazine published “Why the Left Should Embrace Brexit,” which made the case for this radical break from neoliberalism. To gain perspective on Labour’s trouncing in the recent elections, we called upon our friend, Bill Mitchell, one of the co-authors. Bill has been writing and speaking about the UK’s entry into the Eurozone since the 1990s. As an outside economist, his warnings about the dangers of ceding fiscal control fell upon deaf ears. He addressed these issues in two

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56:40

1000 Castaways: An MMT Journey with Clint Ballinger

Macro N Cheese ·

2019/12/21

We admit that Macro n Cheese can be quite wonky. We interview an impressive array of scholars and a typical episode looks at functional finance on a granular level. This episode is a treat for the rest of us, with a guest who makes a point of speaking in plain English. Clint Ballinger’s book, 1,000 Castaways: Fundamentals of Economics, is meant to be a primer, bringing macroeconomics to those with no special background in the subject. Its title - and dominant model - is a reaction to the Austrian

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59:56

Austerity and the Consumer Debt Trap with Emma Caterine

Macro N Cheese ·

2019/12/14

Steve’s guest, Emma Caterine, is a consumer rights attorney with special interest in predatory lenders like loan sharks and payday loan companies. She begins by talking about credit as a social construct, To fully grasp the causes of Great Recession we must understand the difference between consumer debt, with a high risk of default, and federal spending, which is new money and can never default. When our economy grows through private debt, it’s unsustainable and leads to crises like the Great

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46:42

Race For Profit with Keeanga-Yamahtta Taylor

Macro N Cheese ·

2019/12/07

The Great Recession was a maelstrom that hit many Americans hard - lost jobs, lost homes, for some everything but the clothes on one’s back. Despite the stock market, real recovery has been glacial at best. Yet many don’t know just how deep the crisis' roots go when it comes to the Black community. Keeanga Yamahtta-Taylor explains the origins of the systemic discrimination behind the housing policies that skipped over, then exploited, Black families trying to find a safe, sound, and affordable place

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