This week’s episode comes from Steve’s recent appearance on The Tracy Show, where he was invited to talk about MMT with host Tracy Carson, who had some questions.  

Tracy: Okay, I’m going to tell you what I think I understand about Modern Monetary Theory or MMT. I’m just going to go with ‘MMT’. The federal government can pretty much generate money out of thin air. 

 Steve: It does. It’s the only way it works. Yes.  

Tracy: Okay. Okay, so I got that part right. [pause] Basically, that’s pretty much where I’m at in terms of my understanding. 

Actually, it wasn’t the only thing Tracy understood. She knew that states rely on taxes, unlike the federal government. She knew that federal budget deficits are not a crisis. And she knew that those simple facts have huge implications for the government’s ability to provide national health care, for example, while state-based health care is virtually impossible and propels a race to the bottom. In a nation that has spent $8 trillion on war, post 9/11, there is no excuse for poverty. There’s an explanation, but no excuse.

The conversation covers the destruction of essential services through deliberate under-funding, with austerity as a policy choice. They look at the illusion of the “national debt” at home as well as IMF manipulation of the global South. 

Many of us have experienced moments when we clearly recognize the truth yet lack the knowledge or language to explain it. In seeking the tools to fully articulate it, Tracy is actively moving herself beyond those moments. We should all be so motivated. Learning MMT is a process. Others will hear about it from her and begin their own journey.  When it comes to knowledge, there are no resource constraints. #EachOneTeachOne 

Tracy Carson is the host of The Tracy Show and an organizer of the March for Medicare for All in her home state of Indiana.  

Modern Money Awakenings with Tracy Carson

N°400 / 27 avril 2025.

Vous aimez notre peau de caste ? Soutenez-nous ! https://www.lenouvelespritpublic.fr/abonnement

Une émission de Philippe Meyer, enregistrée au studio l’Arrière-boutique le 25 avril 2025.

Avec cette semaine :

- Nicolas Baverez, essayiste et avocat.
- Nicole Gnesotto, vice-présidente de l’Institut Jacques Delors.
- Marc-Olivier Padis, directeur des études de la fondation Terra Nova.
- Michaela Wiegel, correspondante à Paris de la Frankfurter Allgemeine Zeitung.


La France et le contrôle de ses finances publiques / Bilan de l’action diplomatique du pape

Colombia se está jugando sus restos en materia de calificación de riesgo que mantiene en una firma, todo por la baja importancia que le da el Gobierno Nacional al control del déficit

La importancia del grado  de inversión

Nationwide's Chief Economist Kathy Bostjancic and V.P. of Government Relations Ben Brewster discuss the hurdles for the tax bill and its potential economic impact. They also explore the evolving landscape of the new tariff rates amid recent legal challenges. [NFM-22911AO]

Twists and turns for the tax bill and tariffs

Es literal: el Gobierno Nacional ha decidido aplazar el cumplimiento de las reglas fiscales para poder aumentar el déficit y endeudarse hecho sin precedentes, solo visto en pandemia

Un manejo fiscal tan dañino como el covid

Jake Braund shares a cautiously optimistic outlook: moderate growth remains amid tariff-driven volatility, deficit concerns and slowing retail and job data. He emphasizes global diversification, realistic expectations and long-term investing to navigate market shifts, noting that staying invested remains key to building wealth.

06/19/2025: Jake Braund - Market whipsaws & the merits of long-term investing

Leslie is joined by Bruce Lesley, President of First Focus on Children, a bipartisan advocacy organization working to make children the priority in federal policy and budget decisions.

Bruce explains how the newly passed 'Big Beautiful Bill' "chooses billionaires over babies, and puts the nation’s children in unprecedented peril."

Here are just a few ways that the new law will hurt the nation’s children: 

Cuts $1 trillion from Medicaid and CHIP: Medicaid and CHIP provide health insurance to over 37 million children in the United States and Medicaid covers nearly 40% of births. H.R.1 includes the largest funding cuts to these programs in their history and creates administrative burdens, such as lock-out periods and work requirements. 

Defunds the largest child anti-hunger program: One-in-five children experience food insecurity. This bill cuts food assistance by cutting more than $200 billion from SNAP and places a larger cost share burden on states. This cost shift could cause states to end their programs or limit enrollment. Advocates argue that losing SNAP benefits could also impact free school meals, further risking a rise in child hunger.

Leaves children behind in tax policy: This legislation offers an inadequate Child Tax Credit. While some will see an increased credit amount, the increase still fails to keep pace with inflation. Even worse, the new structure keeps more than 20 million children from receiving the full credit and blocks 2.6 million kids from receiving any credit at all.

Undermines public schools: H.R.1 creates a new tax benefit for wealthy donors that jeopardizes the future of our public schools. This education voucher tax credit will offer 2-3x the benefit of other non-profit donations, incentivizing donations over other organizations. It is important to note research shows vouchers do not improve academic outcomes and disproportionately benefit families who already send their children to private schools.

Threatens the child care workforce: There is already a child care shortage in the country. H.R.1 will make it harder to recruit and train new child care professionals by prohibiting the use of federal student loans for sectors that do not earn over the median high school graduate salary. We must further invest in this profession and work to increase pay for providers, not create additional barriers to building a strong child care workforce.

Increases funding for family separation: H.R. 1 dramatically raises funding for immigration enforcement. This funding will lead to increased family separation and detention. These immigration practices disrupt entire communities and are known to create childhood trauma, adversely affecting child health and development.

Cancels efforts to address the climate crisis: H.R. 1 eliminates investments in solar and renewable energy leaving our children to deal with greater effects of climate change in the future. This measure comes as kids are experiencing adverse environmental health effects and natural disasters.

Forces kids to shoulder our ballooned national debt: H.R. 1 drives up the national debt by $3 trillion in order to give tax breaks to billionaires and industries like gun manufacturers. This bill expects our children to shoulder the cost of these tax breaks when they become adults while stripping them of essential services today. 

The website for First Focus on Children is FirstFocus.org and their handle on BlueSky is @FirstFocus.bsky.social.  Bruce's handle there is @BruceLesley.bsky.social. 

(Image Credit: J. Scott Applewhite / AP)

Leslie Marshall Show - Bipartisan Advocacy Organization for Children says BBB Puts Kids Last

Para algunos economistas la guerra arancelaria, el problema del déficit y el incremento del salario mínimo del año pasado, han hecho que la inflación sea una de las más altas

Una buena discusión sobre alza del salario


🧠 TDAH : l’essentiel en clair
• Définition &amp; présentations (inattention / hyperactivité-impulsivité / combinée)
• Diagnostic clinique (pas de biomarqueur), critères DSM-5-TR/CIM-11
• Impacts : scolarité, organisation, émotions, santé
• Prises en charge : psychoéducation, PEHP, aménagements (PAP/PPS), thérapies, médicaments (ex. méthylphénidate)
• 🇫🇷 Focus France : stratégie TND 2023-2027, filières régionales, PCO
🎯 Objectif : des repères pratiques pour mieux accompagner.
Hébergé par Ausha. Visitez ausha.co/fr/politique-de-confidentialite pour plus d'informations.

Le Trouble Déficit de l'Attention avec ou sans Hyperactivité (TDAH)

El Paquete Económico 2026 llegó al Congreso cargado de señales. Marca el inicio de una ruta presupuestaria clave para el segundo año de la administración de Claudia Sheinbaum. Pero ¿cómo y en qué se gastará? ¿Cómo nos afectará a los mexicanos? Gabriela Siller, directora de Análisis Económico y Financiero de Grupo Financiero Base, nos habla al respecto.

En otros temas: 

Se cumplió un año de la guerra entre 'La Mayiza' y 'Los Chapitos', mientras la violencia no da tregua en Sinaloa / Nepal en llamas: dimite el primer ministro tras protestas juveniles por censura digital y casos de nepotismo de la clase política.

10 Septiembre, 2025 - La ruta del dinero

Actus, ressources, décryptages sur le handicap en France.

Some of Associated Bank's most well-respected financial leaders offer their analysis of current events in the financial world. You won't want to miss these conversations. From discussing local commercial real estate to assessing national and global economic trends to dissecting political implications on the banking industry – anything is fair game.

The best progressive talk right here, on demand. Always Progressive, Always On!

Macroeconomics has never been so ... delish!  Macro and Cheese explores the progressive movement through the lens of Modern Monetary Theory, with hot and irreverent political takes, spotlights in activism, and the razor sharp musings of Real Progressives Founder and host Steve Grumbine.  The cheese will flow as experts come in for a full, four course deep dive into the hot queso. 

Comfort Food for Thought!

Escuche el análisis del periódico sobre los temas más relevantes de la economía nacional e internacional.

Somos el podcast de noticias al alcance de tu mano: #Broojula con Ana Paula Ordorica.  Infórmate en menos de 30 minutos en tu plataforma favorita.

New tracks tagged #deficit