Download here or click below to play Friday's monthly job numbers were devastating, showing that 20.5 million Americans lost their jobs in April -- and the report only covered half of the month, leading the experts to believe that next month's numbers could be even worse. Are we officially now in a depression? That's one of the questions I put to Stephanie Kelton, Modern Monetary Theory expert, professor and author whose new book, The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy, will be released on June 9. We'll begin the show with a look [...]
After a look at the day's news, we welcomed Stephanie Kelton back to the show. Stephanie is a professor of public policy and economics at Stony Brook University and former chief economist on the US Senate Budget Committee, working under Bernie Sanders. Check out Stephanie's op-ed for the LA Times from from Sept. 28, "Congress can give every American a pony (if it breeds enough ponies)", and her op-ed for the NY Times from yesterday, "How We Think About the Deficit Is Mostly Wrong."
Today's the day that Bernie Sanders introduces his Medicare for All Act of 2017, with 16 co-sponsors. Dave Johnson, former fellow at CAF, joins in to talk about how far we've come, and other good ideas that should be the way of our future.
Nicole Sandler with Congressman Alan Grayson at the Sexy Liberal Comedy Tour in Ft. Lauderdale, December 2011 Our first Great American Hero today is Congressman Alan Grayson. Although he represents Florida's 9th District, he really represents us all. Even during these times of the greatest gridlock in DC, Congressman Grayson - a member of the minority party in the House - has written more legislation and had more amendments passed than any other member, for two years running. He joined me on the show this morning to talk about some of the work he's done since we last spoke. [...]
Just about a year ago, I was reading about Modern Monetary Theory (or MMT). I know, quite out of character for me. But the Washington Post ran a big story about MMT, and it was being widely shared on the interwebs. I found it fascinating. Right around the same time, listener Sefantiza suggested I interview Warren Mosler on the show. Mosler, featured prominently in the Washington Post article, is an economist, president and founder of Mosler Automotive, and co-founder of the Center for Full Employment And Price Stability at the University of Missouri-Kansas City. He briefly ran for President of the United States as [...]
I might be in a bit over my head today... Listener Stefanitza suggested I speak with an expert on Modern Monetary Theory. Interestingly enough, that request came shortly after a discussion on the topic on a listserv I'm on, prompted by this piece in the Washington Post. The more I read about Warren Mosler - economist, president and founder of Mosler Automotive, and co-founder of the Center for Full Employment And Price Stability at the University of Missouri-Kansas City. He briefly ran for President of the United States as a member of the Democratic Party in the 2012 election before [...]