Steve interviews Bill Mitchell on the controversial concept of “Theory” in Modern Monetary Theory, demonstrating that even the most complicated economic concepts can be made accessible to the layperson. &nbsp;They take on several of the predominant criticisms of #MMT including microfoundations while taking us on a journey through macroeconomics, from Keynes and Milton Friedman including today’s New Keynesians. &nbsp; Now…. Enjoy the very first episode of Macro n Cheese! &nbsp; Special Thanks to The MMT Podcast's own Christian Reilly for assisting in audio engineering for this episode! 

Special Thanks to Geoffrey Ginter for the excellent intro song! And of course special thanks to our guest Professor Bill Mitchell, the donors of Real Progressives and our excellent staff of volunteers

Putting the T in MMT with Professor Bill Mitchell

The Covid19 pandemic is much more than a public health catastrophe; it has highlighted and exacerbated economic, social, and environmental crises on an unprecedented scale. 
 
While Congress sits on their hands, a learning-by-doing experiment is already underway at the Federal Reserve. With more than 40 million Americans out of work, the Fed appears ready to fulfill its congressional mandate to both maximize employment and promote stable prices. Indeed, the strongest signal that this time things can be different is the opening of the Fed’s new Municipal Liquidity Facility (MLF), which promises to buy both existing and future state and municipal debt.
-- from “Overcoming Covid19 Requires Rethinking University Finance” (see article link below) 
 
Our guests, Ben Wilson and Scott Ferguson, are working with others in the MMT community to develop the plan for a new university-issued currency, the Uni, with backing by the Federal Reserve. 
 
Universities are not unlike small states or municipalities. They provide jobs and living quarters, engage in commerce both on- and off-campus. They collect rent on their vast real estate holdings. They also behave like banks, providing students with accounts for purchasing books and supplies. The university’s stated mission is to contribute to the greater good, produce educated citizens, and be cooperative partners with the surrounding communities. 
 
According to our guests, the Uni’s value extends beyond immediate financial practicalities. The project can use the university as a proxy for reformulating the macro economy on a micro-scale, creating real-world experience pushing the modern money agenda forward. We can ask ourselves what we want money to do for us and how it can meet the needs of our communities. Rather than wait for the federal government to act, we can structure it on our own terms. 
 
Benjamin C. Wilson is an Associate Professor of Economics at the State University of New York at Cortland and a research scholar at the Global Institute for Sustainable Prosperity. 
 
@autogestion77 on Twitter 
 
Scott Ferguson is an Associate Professor of Film & Media Studies in the Department of Humanities & Cultural Studies at the University of South Florida and a Research Scholar at the Global Institute for Sustainable Prosperity. He is co-host of Money on the Left podcast featured by Monthly Review Online. 
 
@videotroph on Twitter 
 
https://www.boundary2.org/2020/07/scott-ferguson-benjamin-wilson-william-saas-maxximilian-seijo-overcoming-covid-19-requires-rethinking-university-finance/ 
 
Read about the Uni in the demands issued by the Resident Assistant/Peer Mentor union at UMass Amherst. https://docs.google.com/document/d/1psWUI4PGVVYOJ9flQiwsWKWHK9qhdLPFjonToNo4R7M/mobilebasic?fbclid=IwAR2pKwOHzggugNSJsrrQGFtm1Bl7D-1eYJDfQNgzD4s5yIfnu2VgmkJCTkc 
 
The Global Institute for Sustainable Prosperity
http://www.global-isp.org/

UNI's for All with Ben Wilson and Scott Ferguson

From his days at TYT to his ground-breaking investigative work at Status Coup, Jordan Chariton has been on the front lines of journalism for years. The stories he covers should be plastered all over cable news and the national publications… but they aren’t. While the mainstream is obsessed with impeachment and a newly-elected Republican who follows QAnon, Jordan has been reporting on the tragedies and travesties being visited upon American communities far from Washington, DC.

From Flint’s poisoned water supply to Iowa’s fraudulent Democratic caucus, what’s notable is the absence of the national press corps. Jordan travels to trailer parks and tent cities where he educates himself and his followers about the day-to-day misery perpetrated on the people.

I'd be seeing what's actually happening in the country, which was just an economic Hunger Games mixed with environmental genocide. And I'd get back to the hotel or wherever I was staying, and the media's main focus would be on whatever Trump tweeted.

Jordan and Steve delve into our current political reality, agreeing it’s increasingly unlikely substantive change will come from the halls of Congress. Steve suggests the progressive movement will need to engage in direct action while organizing legal and mutual aid. In Jordan’s view, targeted public pressure is important. He thinks we should focus on pressuring and dismantling the current corporate media monolith. We need to quell the mass public brainwashing, as well as disseminate the real news to a confused population.

Jordan Chariton, Status Coup CEO, is an independent progressive journalist who’s worked inside and outside the belly of the corporate media beast for over a decade. He has worked at Fox, MSNBC, and The Young Turks, before starting Status Coup. His team’s investigative work is attracting attention and expanding their reach.

@JordanChariton @StatusCoup

statuscoup.com

Check out Jordan’s article on DNC tampering
https://theintercept.com/2020/12/23/dnc-iowa-caucus-app-shadow/

and on Snyder’s prior knowledge of Flint 
https://theintercept.com/2021/01/13/flint-michigan-rick-snyder-legionnaires/

We Are Losing The Media War with Jordan Chariton

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!

We Are Losing The Media War with Jordan Chariton

Macro n Cheese

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