Update: The original episode released this morning did not contain the extended interview. We’ve corrected that this evening.
7 May 2018 – Job Guarantee remains the talk of the Twitter town (nest?) as well as some mainstream media. Critics have been vocal and a core of MMT thought leaders have been guiding the response to the push-back. Nathan Tankus (@nathantankus), who is a research scholar at the Modern Money Network and a terrific follow on Twitter, is among those leaders and joins us for the interview.
Will focuses in on the court case between the British and Scottish Parliaments and why that is another example of the losses incurred by the structures of norms which underlie both the US and UK systems of governments. I am on to the third part in my series on framing MMT. In this show I cover better and more accurate framing for neoliberal deficit, surplus and balanced budget memes. I think I have just one more week on framing before I hop onto another topic. Many Carrots to All – Arliss
30 April 2018 – As I was flying through my Twitter stream this week, dipping in here and there to read all the many job guarantee (JG) tweets, I came across a thread, by Dr. Steven Attewell (@stevenattewell), that served to put JG into a historical context and provide background as to why past efforts had failed. What could be more timely! Steven joins us for a deep-dive interview into the history of past JG-type efforts and exposes the fact that we liberals played a substantial role in the collapse of the plans and programs. Now that was something I had never heard…had you? Steven has a book coming out, People Must Live By Work, and I can’t wait to read it.
Will put all his focus into talking about the Windrush generation and he both explains what the Windrush scandal is and why it is so undeniably inhumane and despicable. His block begins with the audio of the words of Member of Parliament David Lammy calling out the opposition.
At the top of the show I note that Mick Mulvaney is not only an ass but one who we now have grounds to send to jail for his admitted pay-to-play activities while still in Congress. I also address the need for Amazon to be a quality community partner and carry its own weight as it seeks a location for its new corporate headquarters, HQ2. In my block I continue my series on framing MMT, why it’s hard and why it’s important.
Plus – this is episode 100!! We’ve made it to three digits. I’m breaking out the carrot cake. Thank you for joining in on this venture! Many carrots to you and yours. – Arliss
16 April 2018 – There comes a time in every federal budget cycle when I have to find a way to talk about debt and, specifically, the Dems dangerous debt dance. This time I decided to switch things up and invited Frances Langum (Bluegal), from my favorite podcast, The Professional Left, to interview me and to provide push-back. Fran is someone for whom I have enormous respect but, like 99% of the Dems out there, she comes at economics from a purely Keynesian perspective…and that’s what I wanted. You are going to love the conversation and, I hope you find it an interesting way to get the MMT message out.
At the top of the show I refresh the information about the Rapid Response events taking place when (if) Trump does any of the following: fires Robert Mueller, fires Rob Rosenstein, pardons any key witnesses. Please go to Nobody Is Above the Law to register for the event closest to you. Our democracy cannot be allowed to go down without a fight. Also, on the day you can tune in to Netroots Radio for a live stream as events unfold.
During the rest of the show Will covers an item you may have missed on your news feed, the angry Scottish badger, as well as some of the larger issues surrounding the US/UK/French strike on Syria. I get into Mick Mulvaney’s appearance on Capitol Hill to give his bi-annual report from the CFPB. Both Joan McCarter, of Daily Kos, and David Dayen, for The Nation, covered this particularly well.
Be vigilant folks, things are getting real. – Arliss
4 April 2018 – Due to the holiday weekend we do not have a new show this week. This is a rebroadcast of a special mid-week combined Hopping Mad and Irreverent Testimony entirely focused on trade. Travis Rosen and Rachel Hutcheson of Irreverent Testimony joined Will and I to talk about the domestic and international implications of the Trump Trade Tariffs and the basics of what international trade really means. This is a deep dive into what we should all really be messaging about trade and “why trade deficit” matters not at all.
Will and I have already recorded the interview for next week, with an election law expert, and we have a lot stored-up to add to the fire. Carrots! – Arliss
13 November 2017 – We accidentally ended up with a theme this week – rural spaces. During our interview block we were fortunate enough to have Lane Siekman (@LaneSiekman), Congressional candidate in IN-6, and Dearborn County, Indiana Democratic Party Chairman, Tricia Gaustad (@GaustadTricia). Lane gave us an articulate and well thought out rundown of his priorities including progressive favorite, Medicare for All. Tricia talked about why the 2018 cycle is not at all the same as the 2016 cycle even in her deep red county. She is listening to local Dems and has built a strategy to truly fight the good fight.
Will started the show talking about the ways in which some conservatives are trying to twist the current conversation about powerful people sexually abusing others into a diatribe which reinforces feelings about LGBTQ people. They do this, of course, at the expense of women but that is their normal operating procedure so we should not be surprised. In his block Will gets serious about rural spaces and why the Democratic party simply must find a way both to honor our base and to reach back into rural areasfor those who have priorities which are not all about racism. He reminds us that rural areas vary in demographics from state to state and that those variations represent opportunities.
I begin the show with a couple of brief observations about the elections this past week. In my block I explain carried interest, why it is part of the GOP tax plan debate and the fact that the issue with carried interest is not about how much the wealthiest Americans pay in taxes, it is about increasing inequity and inequality. …Oh, and eliminating the carried interest loophole represents yet another promise which Trump has broken. I spend most of my block talking about new research, summarized in an article in the Harvard Business Review, which evidences a strong correlation between opposition to federal spending and racial resentment. We keep thinking that it is possible to wrap our minds around all the ways in which racism is systemic in our society and, as this research shows, we are nowhere close to understanding.
On that cheerful note…the interview I was expecting to have this week really is happening next week. It will be very different from our normal fare but I think it is going to be wonderful. Stay tuned! Carrots! – Arliss
30 October 2017 – It worked! Brad Voracek (@bradvoracek) is back this week and the wait was worth it. This time you are able to hear his full answers on youth employment, Senator Sander’s & Congressman Conyers’ Employ Young Americans Now bill, the science versus human aspects of economics and his thinking on so-called (and wildly mis-named) “Right to Work” laws. Brad is a founder of the not-to-be-missed website, The Minskys and I recommend regular visits there.
We were also extremely lucky to have Amanda Werner, of Americans for Financial Reform and Public Citizen (aka The Monopoly Man), back with us to fill us in on the loss this week when the Senate voted to support Wells Fargo and Equifax in their illegal/incompetent behavior by making sure that citizens cannot sue these corporations either singly or in class actions suits. Forced arbitration is, apparently, forever, just like diamonds.
We also had Hopping Mad associate, Michele LeSure giving us more information on the strange anti-boycott legislation which has been passed in Texas and Kansas and is, supposedly, in support of Israel. This legislation is preventing some Texans from receiving federal aid post Hurricane Harvey. It’s strange and wrong and the ACLU is on it.
Will updates us on the latest in the rapidly changing situation in Catalonia as the Spanish government attempts to “fire” the elected government of Catalonia. The Spanish government claims it will hold “legitimate” elections in December but the specifics remain to be seen.
As always, there is a great deal going on and we will be back next week to take another swing at it. Carrots! – Arliss
28 February 2017 – Indivisible Southeast Indiana (@IndivisibleSEIN on Twitter and Indivisible Southeast Indiana on FB) met on Sunday, 19 February, for our second meeting. We gathered in the home of one of the organizers and decided that we needed to act immediately. One week later, on Sunday, 26 February we hosted a “Where’s Waldo” themed constituent town hall.We invited Congressman Luke Messer (R – IN-6) and Senator Todd Young (R-IN). Both declined to come. In fact, neither held any open-to-the-public town halls or events anywhere during this recess. We persisted.
Our Where’s Todd? Where’s Luke? Town Hall was held in front of the lovely and historic Ohio County Courthouse (the oldest in continuous operation in Indiana) located in little Rising Sun, Indiana (population 2304). Sunday was cold but sunny and with little notice and very little publicity in this red, red corner of Indiana, about fifty people turned up. In San Francisco this would be an embarrassing turnout but in Rising Sun it was exceptional and you could feel the excitement in the air. We even had (briefly) a tiny Trump contingent but they left when they didn’t draw attention or a fight.
The event featured life-sized Todd and Luke Waldos, lots of handmade signs and really darling Waldo scarves that one of the organizes made and handed out. Several planned speakers told their two-minute stories and then other attendees asked to speak and we were thrilled to have them. The thing which most struck me was how well informed these voters are and how wide ranging their issues of concern.
For Hopping Mad I recorded a brief interview with two of the organizers, Rebecca Barhorst and Christine Craig, just after the meeting on the 19th and then the entire town hall on the 26th. I think what people had to say during the town hall was as important as any of the interviews we have done on this show. I think you will enjoy this and when you imagine what people are thinking about in these midwestern states, remember what you heard here today. Carrots! – Arliss
PS – For anyone wondering, the show will remain on hiatus for another few weeks. Will may try to host a show on his own but I will again be unavailable. I went in for surgery, as I had previously mentioned, on 6 February but the surgeon found a conflict in the diagnostic reports just a few minutes before the surgery was supposed to begin. I was floating on a cloud by this point but, as I understand it, the decision was made to run another entire battery of (hideous) tests over the following two weeks. Ultimately, those tests confirmed the original diagnosis and I go back in for the originally planned surgery on Thursday, 2 March, which means I will be down for the count for a while. Already I have a backlog of things I want to talk about so by the time I am back with you I will be brimming over. Take care of yourselves. I miss you already!
30 January 2017 – Armando Llorens, attorney and Daily Kos front pager, cleared-up all the questions I had about the emoluments clause of the Constitution and standing. Plus, typical of Armando’s frequent contributions to David Waldman’s Kagro in the Morning, Armando lead us merrily off track and onto the subject of NAFTA and how Trump’s special brand of crazy (literally) can significantly damage the US economy in the area of trade. Happily, there were many other brief side tracks too. There’s a reason so many of us follow Armando on DKos and on David’s show.
Will spoke about his visit with both anarchists and Trump voters on Inauguration Day. It was easy for Will to get from his apartment in DC to the Mall that day but not so the next. The difference in crowd size and sensibility during the Women’s March was immense and it’s great to hear Will’s first hand account. See below for video and more detail on Will’s experience at the Women’s March.
We started the show by talking about two new segments we plan to regularly include in future shows. First, we invite you to email us at ImHoppingMad@gmail.com with your submission for The Lying Liar Lie of the Week. Pick the Trump administration lie you think is the most egregious and let us know what it is and why you selected it. If we can (and if you want to) we will even arrange to record a brief segment with you. We give extra points if you bring the funny. The other new segment is Damage Report in which we will call attention to the most dangerous Trump administration action of the week.
We will be back with an all-new show next week and then we will go dark for a few weeks while I have major surgery and deal with the not insubstantial recovery. We will definitely be back as soon as we possibly can. Carrots! – Arliss
I took a few videos when I was at the women’s march. I’m including a map below which shows where the videos were taken to give you an idea of just how large the march was.
This first video was taken at D & 7th, two blocks north of the mall. This is what almost all of the side streets looked like on the 21st. We couldn’t even get to the south side of the mall. There were just too many people.
This next video was taken at the Gallery Place metro. There was an endless crowd streaming out of the station. So many people arrived throughout the day that they were having to temporarily close stations for safety, in order to clear the platform that the next group of people could exit or board trains safely. It took hours to get people home.
When waiting for my wife to arrive, we grabbed a cup of coffee near the ellipse. Our thinking was that we’d march south on 15th, join the marchers just as they entered the ellipse, and be part of the march there. That plan was foiled. This was the picket outside of the White House near 15th and Pennsylvania Avenue.
After my wife arrived, we headed south on 14th street. And then we ran into this. A wall of people heading north on 15th street. There was no way we’d be able to get to the march route on Constitution Avenue. We had to go east.
15 minutes and a block later, we found 14th street just as choked with people. There was still no way to get to the march route. So we decided to take side streets to the ellipse.
There we were, at the very northern edge of the ellipse, just south of the White House. By this time, the march was supposed to be over, but most of the march hadn’t even reached the ellipse yet.
At this point, it was time to go home. We’d marched. We’d reached the ellipse. We’d temporarily joined people in the mall (though unfortunately, that video was corrupted so I can’t share it with you.) This was the site of people leaving the mall two whole hours after the march was supposed to have ended. We’d spent about an hour fighting our way through the crowd so that we could head home. In this video, you can hear one of the rolling roars that routinely tore through the crowd. You’d hear it in the distance, and then people near you would take up the cheer. Every few minutes, the entire center of our federal government shook, as more than half a million people raised their voices together.
I’ve never seen anything like this in my life. Being there was an absolute privilege.
I hope we can all do this again on Tax Day (April 15th) and literally shake the foundations of this government with our voices once again. Some people laugh at protests.
Remember Spicer’s fearful, shaky press conference? Remember the lies that the Trump team attempted to tell during the match? They’d spent all day cowering in a building, listening to the roars of the crowd outside. The windows of their offices had literally shook with the discontent outside. Their building was surrounded all day – to the point that staffers weren’t able to make it to the entrances.
The crowd was peaceful. But for a group of paranoid conservatives who had spent years dreaming of leading a crowd like this against Obama, who had just driven a wave of populism, to discover this level of opposition on their first day was chilling.
We didn’t just make our voices heard. We scared them.
31 October 2016 – Modern Monetary Theory innovator and torchbearer, Dr. L. Randall Wray is with us for most of the show in a deep dive interview on his book,Why Minsky Matters: An Introduction to the Work of a Maverick Economist (here from Princeton University Press or here from Amazon). If you have been a listener for more than a couple of weeks you have undoubtedly heard me speak of Dr. Wray. I may have discovered MMT through Dr. Stephanie Kelton but it was Dr. Wray’s book, Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, which entirely captured my imagination, gave me hope as to how we get to where we need to go and (finally) made economics make real sense to my very pragmatic mind. Still, even though this was one of our longest interviews to date I could have easily asked another hundred questions–Wray is that interesting. I think you will be fascinated.
At the top of the show Will takes just a few minutes to knock down the persistent Clinton bashing related to Honduras. People, facts matter. Really. Twitter is just loaded-up with Bros who are convinced that Hillary backed a war in Honduras facts not withstanding. …very frustrating. I take a similar ride only related to the most recent e-mails FBI Director James Comey detonated into the election, likely breaking the Hatch Act while he was at it. According to Kurt Eichenwald, of Newsweek, who seems to have an inside source, none of the e-mails involved appear to be either to or from Hillary. None of the e-mails appear to have been withheld by Hillary from the investigation. The FBI has had the laptop with the e-mails for weeks and they were told about the e-mail accounts involved in April! Director Comey said, in the bomb he sent to Congress, that he has no idea what is in the e-mails. He just thought he would blow-up the election for the hell of it!
Sadly, Will and I will be off next week. Will has an election-related job and I am, of course, busy making sure the Rabbit American vote turns out. We will be back on the 14th. Carrots! – Arliss
17 October 2016 – I have been talking on the show about JD Alt’s book, The Millennials’ Money, since it was still a series of posts on the modern monetary theory (MMT) blog, New Economic Perspectives. This book is that good and it’s that important. JD not only covers the basics of MMT effectively and in an especially accessible manner, he goes much further and explains why it has particular applicability to millennials and how it can be the tool they need to make the changes in the world they have been calling for so articulately. JD’s ideas for using MMT to solve some of the biggest challenges facing society genuinely made me think deeply. And guess what, there’s an app for that (or there could be.) JD is an architect by trade so his drawings, showing how MMT works, are unmatched and are core to the success of his first MMT book, the best-seller, Diagrams & Dollars. The inclusion of his diagrams in The Millennials’ Money makes the book even more useful. Perhaps the most important thing JD brings to the MMT discussion is some truly original and interesting thinking on how we re-frame the debate to make the obvious nature of MMT as apparent to everyone else as it is to us right now. The Millennial’s Money is available from Dog Ear Publishing and on Amazon.
This week Will starts our talking about the cluster bombing of Syrian civilians by the Russians. Cluster bombs are fragmentation weapons which deploy many smaller bombs and are anti-personnel ordinance on a major scale. Will then goes on to talk about so-called “New Mysogyny” and the Altright. Apparently, there are various pods of men who are so under-developed emotionally that they think women rule the world and are running a massive conspiracy to keep men down all the while being considerably less intelligent than are men. (Because that makes sense. LOL!) But these guys in the Manosphere are so far gone that they are working to repeal the 19th Amendment, which gave women the right to vote, and are blaming their involuntary celibacy (which they refer to as “incel”) on everything except their own repulsiveness. Will recommends David Futrelle’s website We Hunted the Mammoth for insight and appropriate mocking of these tiny, tiny “men.”
I start out with something you knew had to be coming, a run-down of the “achievements” of Indiana Governor and GOP Vice Presidential Candidate, Mike Pence. Suffice to say here that Pence is dangerous but unlikely to be a threat to anyone in the future as he rides off into the sunset of what will be his non-starter of a 2020 Presidential campaign. I then finish-up detailing the lies Trump told about the economy during the first debate. This does not really matter since the Trump campaign is toast but these old tropes are regularly trotted out by the GOP so it is worth putting a stake through their heart.
Remember that voting is open in many states. Be sure to vote and to get all your (sane) friends and family to the polls to do the same. A big win for Democrats will help us crush the “the vote is rigged” meme beneath our foot, grind it under our heel and then scrape it off on the nearest patch of grass. This election is the most important in decades. Never doubt it. Carrots! – Arliss