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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

52:33

Ep 322 - Eggsploitation with Basel Musharbash

Macro N Cheese ·

2025/04/05

Crazy things have been going on with the price of eggs, especially in the US. If you think this is happening because of the avian flu, you’ve been hoodwinked. Again.Basel Musharbash, an antitrust and trade regulation attorney, joins Steve to pull back the curtain on the monopoly forces within the egg supply chain. The discussion reveals crucial and surprising information about this, um, bread and butter issue. The episode explores the role of avian flu and how it has been weaponized by afew

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01:12:13

Ep 321 - Modern Money with L. Randall Wray

Macro N Cheese ·

2025/03/29

Steve’s guest is noted economist L. Randall Wray, one of the early developers of modern money theory. As many times as this podcast has talked about MMT, it’s always topical. In fact, just last week, Elon Musk discovered 14 magic money computers in government agencies!So, Trump had to hire the richest man in the world who hired who knows how many hundreds of young tech kids to discover what we've been saying for 30 years, which is that Congress appropriates money, and then the computers keystroke it

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57:55

Ep 320 - Breaking Out The Master's Tools with Michael...

Macro N Cheese ·

2025/03/22

**Every Tuesday night, we gather online to listen to the episode and discuss it among friends. Everyone is invited to this community building event. Bring your insights and questions. REGISTER HERE for Tuesday, March 25th, 8 pm ET/5 pm PTSteve’s guest is Michael McCarthy, author of 'The Master's Tools: How Finance Wrecked Democracy and a Radical Plan to Rebuild It.' They explore McCarthy's analysis of financialization as a deliberate class project to dismantle working-class power and exacerbate

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01:16:52

Ep 319 - DOGE Ball: A True Oligarch Story with Yeva...

Macro N Cheese ·

2025/03/15

Near the start of this episode, Yeva Nersisyan talks with Steve about leftist economists who are still wedded to the belief that government spending relies on taxpayer money. She says if an academic on the left uses the ‘taxpayer dollar’ framing, then you cannot be surprised when the right uses it too – to say they’re saving taxpayer money, cutting wastefulness, cutting inefficiency. It’s why being consistent is so important. If one side can use it, the other side can too.“It leads to the Elon Musks

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01:00:30

Ep 318 - Death of the Left? with Simon Winlow & Steve...

Macro N Cheese ·

2025/03/08

If you ever find yourself asking “What’s left?” you’re in good company. Today’sleft is oftenindistinguishable fromneoliberal centrism.Steve’s guests are Simon Winlow and Steve Hall, authors of the book, The Death of the Left: Why We Must Begin from the Beginning Again. They talk aboutthe historical shiftsthat have led toideological collapse, disconnection from the working class and the embrace of individualism over collective action.The conversation emphasizes the urgent need for a revival of

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58:53

Ep 317 - Fatal Distraction with Shealeigh Voitl

Macro N Cheese ·

2025/03/01

Control of information is a vital weapon of the ruling class in its war on the people. Critical media literacy is more important now than it has ever been. For the past year we’ve been drowning in imbalanced coverage of the war on Gaza. (How many times did mainstream news outlets use the word ‘genocide’?) It’s just one example – and it’s an outrage.Steve’s guest is Shealeigh Voitl, Project Censored’s digital and print editor. They discuss the media’s role in shaping public perception and delve into

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52:13

Ep 316 - Lions & Lambs with Thomas Fazi

Macro N Cheese ·

2025/02/22

Thomas Fazi joins Steve once again, this time to explore the current geopolitical landscape under Trump 2.0 and the absurdity of an American empire that creates enemies out of thin air to justify its ongoing military and economic interventions. The conversation touches on the implications of austerity measures on the working class and the irony of billionaires like Elon Musk advocating for cuts to government spending while enjoying the benefits of public funding via massive subsidies.With a touch of

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50:24

Ep 315 - Confessions of an Economic Hitman: A...

Macro N Cheese ·

2025/02/15

John Perkins is a storyteller. His stories tell ofhis work as an economic hit man, creator of a death economy that ispolluting and consuming itself into extinction. Hehas served as advisor to the World Bank, UN, IMF, Fortune 500 corporations, and government and business leaders across the globe.“You know, my job was pretty easy, generally speaking, because I was offering the president of a country or his finance minister, whoever, a big loan. And the fact that this loan would help him and his

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01:03:26

Ep 314 - Chaos Fatigue with David and Dai from Call...

Macro N Cheese ·

2025/02/08

Depressed about the state of the world? Meet podcast hosts, Dai Poole and David Kugler, who are able to talk about the depressing stuff, yetmanage to have a little fun along the way. In November, they brought Steve onto Call Me Limbo because they’re interested in Modern Monetary Theory (smart guys).A few months have passed since then, and things have changed in the US. The episode dives right into the thorny questions of divisiveness and weaponized identity politics. Anything that further divides us

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39:21

Ep 313 - CHE with Clara Mattei

Macro N Cheese ·

2025/02/01

“We need to understand the limits of capitalism. Capitalism has serious limits in the sense that it puts exchange value over use value. And this is by definition irrational according to logic of need, but very rational according to logic of profit... But we also need to understand that we are the ones who have produced the system. That's where the empowering voice comes out, because it says, okay, if we have created it, we can also change it. And guess what? The system is really fragile. That's why

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51:16

Ep 312 - Jordan Elgrably & Malu Halasa

Macro N Cheese ·

2025/01/24

text goes here

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01:01:37

Ep 311 - The Electoral Delusion with Jen Perelman

Macro N Cheese ·

2025/01/18

Running for office isa fool’s errand ifyou think you can win and radically change the system from within. But an electioncampaigncan serve other purposes for political organizers. A campaign provides a platform, a megaphone... media attention. The process of campaigning putsyou in touch with people in the community. As Steve puts it,an election allows you to “build coalitions and radicalize people.” Jen Perelman’s need to run against Debbie Wasserman Schultzwas clear: “I knew that we weren't going

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58:31

Ep 310 - The Inevitability of Luigi Mangione with...

Macro N Cheese ·

2025/01/11

When there’s an attack on a high profile (read: white) target in the US, media attention is aimed at the perpetrators. If the act was politically motivated, that fact is either used to explain their psychopathy or dismissed altogether. The December shooting death of a UnitedHealthcare CEO has had a different reaction. As soon as the news broke, public sympathy was drawn tothe shooter. The American people have too many horror stories about being denied medical coverage.Jordan Chariton, of Status Coup

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01:07:11

Ep 309 - Brick by BRICS with Yan Liang

Macro N Cheese ·

2025/01/04

History doesn’t stand still, and every time we talk about BRICS on this podcast, there’s more to unpack. To understand the significance of BRICS, we must begin with (wait for it) monetary sovereignty. Economist Yan Liang is an expert on China’s economy and MMT. She joinsSteve to discuss the evolving role of the BRICS nations (Brazil, Russia, India, China, South Africa) and the increasing number of countries becoming involvedin challenging US dollarhegemony and the current global financial

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01:04:32

Ep 308 - Working Class MMT with Bill Mitchell

Macro N Cheese ·

2024/12/21

What’s the point of understanding money if we don’t look at the power relations controlling its distribution?Bill Mitchell, a key figure in the development of modern monetary theory,is back for his twelfth appearance onthe podcast, beginning with Episode One, Putting the T in MMT. As a key figure in the development of MMT, Bill articulates how this theory fundamentally challenges conventional economic wisdom by asserting that governments, as currency issuers, are not financially constrained in the

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52:58

Ep 307 - Rights for Machines? AI's Ethical Future...

Macro N Cheese ·

2024/12/14

Can you imagine granting personhood to AI entities? Well, some of us couldn’t imagine granting personhood to corporations. And yet...look how that panned out.In this episode, Steve talks with Duke law professorJames Boyle about his new book,The Line: AI and the Future of Personhood.James explains the development of his interest in the topic; it began with the idea of empathy.(Then) moved to the idea of AI as the analogy to corporate personhood. And then the final thing – and maybe the most

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52:59

Ep 306 - China: Challenging Dollar Dominance with...

Macro N Cheese ·

2024/12/07

Paul Gambles is back to help us unpackChina's recent issuance of US dollar-denominated sovereign bonds in Saudi Arabia.Paul begins by setting up the historical context. He takes us back to the end of the second World War and the Bretton Woods agreement, designed to bring a new world order, putting the US dollar as the global funding currency. China’s move signals a challenge to the petrodollar system – providing nations withnew avenues for financing as an alternative to dollar dependency.Paul looks

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01:25:34

Ep 305 - Trump, the Fed & the Crypto Insurgency with...

Macro N Cheese ·

2024/11/30

Rohan Grey, who taught us to understand money as a creature of law, is back for his tenth appearance on Macro N Cheese.Steve and Rohandissect the humor and horror of the political landscape. They make a realistic assessment of the Biden administration and look atfigures like Elon Musk and Ramaswamy as part of a new wave of governance setting outto undermine the fabric of federal institutions. The conversation touches on the absurdity of contemporary American politics, where a ‘meme president’

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01:10:44

Ep 304 - Facing Uncomfortable Truths with Yeva Nersisyan

Macro N Cheese ·

2024/11/23

In a stunning reversal, the Democrat Party has announced plans to reconnect with its New Deal roots in hopes ofregaining the trust of the working class. Haha just kidding! This week, Yeva Nersisyan joins Steve to cut through the cacophony of phonypunditry trying to explain the 2024 election results. Spoiler alert: it’s economics. It’s always economics.Yeva points to the stark realities of inflation,highlighting the persistent rise in food and housing costs. She points out that while inflation is

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01:10:56

Ep 303 - Real Resources, Real Power with Fadhel Kaboub

Macro N Cheese ·

2024/11/16

"Colonized people have the right to resist." Economist and friend of the podcast Fadhel Kaboub talks with Steve about the effects of global hegemony and the ongoing attempts to shift the balance of power. They look at BRICS, though it’s perhaps too soon to predict itsultimate outcome and influence. Fadhel argues that a true multipolar world cannot emerge withoutplacing the Global South at the center of economic decision-making, challenging the existing economic domination by the US and other

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363 results

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