Download here or click below to play As we all hunker down for another Thursday at home, I invite you to an extended virtual get-together today. We have so much to cover and a jam-packed show, so we're going to extend the show by 30 minutes today. We'll take care of the latest news and the bit of funny for the day before economist and Modern Monetary Theory expert Stephanie Kelton joins in to help us understand how we'll survive the economic aspect of the global coronavirus meltdown.Her forthcoming book, The Deficit Myth: Modern Monetary Theory and the Birth [...]
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."
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. [...]
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 [...]