Dems Dangerous Debt Dance with Bluegal

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

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Jim Harper – SOS Candidate; Elections & Census

9 April 2018 – Democrats are finally learning that Secretaries of State are more critical than even governors in state elections so we are lucky to have elections expert and Indiana State Democratic SOS candidate, Jim Harper for the interview. Jim is a strong candidate for Indiana and the videos on his FB page reinforce why he is a great choice both for progressive and moderate Democrats.

Will is talking about elections and the fall-out in Catalonia. The Germans are standing-up for the Catalans and the UK may be as well. We’ll see. Meanwhile, Russia continues to play in that sandbox exclusively to incite chaos.

I give some background on the decennial Census to set it in some context for the current national conversation around the re-inclusion of the citizenship question. Just as an FYI – there is an even bigger problem with the 2020 Census…funding. No kidding. The GOP is using funding to impair the Census and suppress votes. There simply is no line they will not cross.

At the top of the show I discuss the Netroots Radio plan of action in case Robert Mueller is fired. Additionally, I recommend that everyone sign-up with MoveOn.org to register for notification of a local action in your area. Until next week, carrots! – Arliss

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Sooooo – this is interesting…

19 March 2018 – There have been a lot of things which Will and I have been wanting to talk about and we get into it. Ask yourself the following questions:  Is Vanessa Trump’s filing for divorce really about divorce?; Is there a link between brain damage and religious fundamentalism?; Can Trump be so anxious to suppress the vote that even GOP Secretaries of State are willing to stand up?Can we encourage the Federal Reserve Bank of New York to be more diverse in thought, experience and identity?; How many ways is Andrew McCabe going to find to get even with the tweeting yam?; and, most importantly, Is the special relationship between the UK and the US forever damaged? We hit all of this in a wide-ranging show. We don’t do this kind of thing often so, enjoy!

Promised links:

Report by Popular Democracy and Fed Up:  Working People Still Need a Voice at the Fed:  2018 Diversity Analysis of Federal Reserve Bank Directors

Call the Fed Action Link for Fed Up Federal Reserve Diversity Campaign. Fed Up is asking for a public town hall to be held on the subject of the selection of the new NY Fed President. It’s a pretty reasonable ask. Also, remember to mention Sarah Bloom Raskin as a potential NY Fed President who you think would have your back.

Rational Security podcast, 15 March 2018, Rex, Eat the Salad Edition

With that I sign-off for the week. Many Carrots! – Arliss

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Special! Mad Testimony on Trade

8 March 2018 – This is a special 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 dive into what we should all really be messaging about trade and why “trade deficit” matters not at all.

Will and I will be back on Monday for our regular show. Carrots! – Arliss

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White Men, BS & Deficits vs Investment

26 February 2018 – Perhaps this time we will be willing to finally talk about the elephant in the room, white men and guns. We will never be able to ask the right questions or find workable solutions until Americans acknowledge that white men are not only usually the shooters but purchase most of the guns, organize the gun shows, protest in favor of their gun-based religion, own the gun manufacturers and are the legislators. The problem is white men from top to bottom.

Will begins the show talking about Jeremy Corbin and the Czech spy fiasco in the UK and then moves on into his main block on the subject of bulls*t. He ranges from the right-wing conspiracy theories about so-called “crisis actors” to left-wing nonsense that the “Russia stuff” is a smokescreen conceived by Hillary.

I burn the barn down (lol) explaining why neoliberal economists are completely wrong when they say “deficits crowd out investment” or that deficits cause inflation. It’s amazing that they continue to push this unproven drivel to the detriment of the real overall economy.

Next week I will cover the relationship between unemployment and inflation while Will will cover something genuinely compelling. Many carrots! – Arliss


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Our interstitial music today had an addition. The Flobots “Handle your Bars,” which was in response to the mangling of their song by an infamous YouTuber. I’ve posted links that song, and the original song below.

Flobots Handle Your Bars (Response Song)

Flobots – Handlebars (Original Song)

The Good, the Strange & the Stock Market

12 February 2018 – We’re BACK!!! At least, we are back on the air. I’m still traveling so I’ll keep this really short. At the top of the show Will emphasizes the importance of continuing to work toward victory in November and not making the mistake of thinking we are already over the finish line. I get into the latest in the Brexit talks with the EU insisting that Northern Ireland remain within the common market.

In his main block Will talks about the shifting sands within the German government and why this may be a generally hopeful sign. In my block I try to explain what the hell is going on in the stock market and why it is in no way a reflection of what is happening in the real economy.

Now, I must hop. Cheers! – Arliss

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Pavlina Tcherneva & the World Beyond Trump

2 October 2017 – Some days it’s hard to remember that despite all appearances, there is a world out there beyond Trump and all the many, many ways he is failing this week. The truly dazzling economist Dr. Pavlina Tcherneva (her excellent site is here) is with us for the interview. I was able to interview her in person at the First International Conference of Modern Monetary Theory (MMT Conference). We talked about how the, now famous, chart (see above)  she developed was able to influence the conversation around inequality and how a job guarantee program can add more than just jobs to a society. It is inspiring to know the modern monetary theory rests in the hands of economists, like Pavlina, who have a clear connection to the ground truth of the programs and policies they imagine into existence.

I start out the show with just a quick overview of my experience at the MMT conference. It was genuinely compelling and I was overwhelmed by all the ideas and applications of MMT to which I was exposed. You will be hearing about many of these in depth in the future and I promise you will be intrigued too.

Will then updated everyone on the events in Catalonia related to the independence vote. Spain is refusing to acknowledge the vote and tension is ratcheting up. Will has covered Catalonia in the past and promises a deep dive next week.

We touched briefly on Puerto Rico. Now that it is (finally) being followed by major media we are leaving most of that to actual journalists but people are suffering and our President, while golfing, is too busy trying to shame the Mayor of San Juan with tweets to actually send an appropriate level of support. It’s not just frustrating or inhumane, it’s evil.

In Will’s main block he talked about Brexit. Many are saying that all the economic ills projected by those who wanted to remain in the European Union have not come to pass and were therefore simply election scare tactics. Will points out the obvious, the UK is still in the EU and the pain from Brexit will not be felt until Brexit actually occurs. It remains reasonable to expect cost-push inflation (also known as supply shock) as the UK strikes out on its own.

In my block I briefly lay out my reasons for supporting Bernie’s current “Medicare for All” bill. This may surprise some of you but I find this bill to be essential and extremely well-timed. Don’t get me wrong, this bill won’t move and, ultimately, the bill that does move will look different but here’s the thing – we can’t legislate until we get elected. Will disagrees but I think “Medicare for All” is a good bumper sticker way to sum up the shared Democratic party value that healthcare is a right. I think having this bill under active discussion now gives us an opportunity to build coalition and consensus in preparation for a non-Trump future. No matter what, this bill has already moved the Overton Window and that in and of itself is critical. Bernie has written a solid bill and he is gathering important voices. There is long, hard work ahead to build unstoppable grassroots momentum but this is how healthcare gets changed for real. It will take all of us…and it should. Carrots! – Arliss

Since recording this episode, the Spanish government has acted without restraint or dignity in Catalonia, attacking unarmed civilians with a wave of brutal repression. Many folks who oppose the referendum say that holding it is illegal. That may be true, but it isn’t an excuse for state violence. Spain had every ability to refuse to acknowledge the vote, which was itself an act of civil disobedience. But instead of responding to this act with restraint, and refusing to acknowledge the results, they chose to wage an unnecessary and unnecessarily brutal campaign of violence against the Catalan people. These actions bring the legitimacy of Rajoy’s governance of Catalonia into question. Things will likely only get worse in the coming days. I will report in depth on the situation next week, and talk about Kurdistan and its referendum as well. –Will

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The Caribbean; Energy; Profit & Hate

18 September 2017 – Every time Denise Oliver-Velez is on our show I learn so much! This week we asked Denise to join us to cover what is happening in the Caribbean following Hurricane Irma. I particularly loved the posts Denise put up at Daily Kos on Puerto Rico and the history of the word “hurricane” as well as her thoughts on the subject. We spend most of our time on Puerto Rico and the US Virgin Islands, the places where Irma really did first make landfall in the US. (If you thought that was Florida you weren’t alone.)

In our Lying Liar Lie of the Week segment Will talks about an attack against a trans woman during a protest at Speaker’s Corner in the UK. Fortunately, it was caught on video and Will walks us through it as well as posting the video and some stills here.

In Lying Liar I talk for just a minute about Equifax who is making the obviously false statement that “they are doing everything they can.” This is clearly not the case and I’m quite sure we will be talking about them in the near future.

In Will’s big block he talked about climate change, weather, alternate energy and politics.  It’s appalling to think that the states which most need to confront new kinds of energy generation are fighting it the hardest.

In my block I get into the profits being made by Facebook, Google and tech in general, to promulgate hate. The blood money tech companies are taking as they act as conduits for hate groups (and terrorism) is much more costly to society than it is profitable in annual reports. We simply must find an effective way to address this.

And one more thing…

In a special election, scheduled for 26 September, Florida State Senate candidate Annette Taddeo is facing an extreme get-out-the-vote (GOTV) challenge. She is running in District 40, which is Miami-Dade, and many of her prospective constituents are among those who had to evacuate. Flippable.org has identified this race as one which can be won but needs immediate help. Anything you can do would be appreciated. Carrots! – Arliss

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A note on Lying Liar, the video we have is pretty shaky, and while it’s clear what happens in said video, it’s a chaotic scene. So to make things easier for our listeners, I’ve got stills from the video to walk folks through what happened, followed by the video in full.

Look for the red bus, as the scene we’re paying attention to starts just below it. A woman in a blue jacket and purple hat approaches a group of chanting protesters. She gets into an animated conversation with them and then pushes into the crowd, raising her camera above their heads. The crowd pushes back and blocks her camera with signs. Look for the bright spot to the right of the images below:

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A pushing match breaks out, and we lose sight of the altercation, catching glimpses through the crowd as the Camera pans away. But when the camera re-focuses on the scuffle, the woman who started the altercation has grabbed one of the Trans protesters by the throat. You can see her just to the right of center, our view over the shoulders of two onlookers:

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We lose sight of her again, but the camera returns to her, and she’s still got her hands on the protester she’s chosen to attack:

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And at this stage, when she’s grabbed a protester by the throat, dragged them halfway across a footpath, and enthusiastically participating in a fight she started, another protester punches her to get her to release the person she’s grabbed:

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Despite pretty clear evidence to the contrary, showing her starting this altercation and then enthusiastically engaging in the resulting fight, she is claiming martyrdom and… in a rather weird twist, saying she wants to spank people.

Which is just gross.

Will

The full video is below:

Darlene McDonald for Congress

14 August 2017All across the country incredible first-time candidates are entering the political fray. Darlene McDonald (@VoteDarlene), running in UT-4, is an articulate, accomplished, woman with a truly compelling backstory. This is the very kind of candidate who has the ability to change the Democratic party…and I don’t mean only if she wins. Darlene’s message, story and her campaign carry the voice of the party in the way no amount of tweeting, blogging or, frankly, podcasting, every will. Darlene is precisely how and why the Democratic party will shine and grow in the future and we LOVED having so much time to talk with her. We think that after you hear from her you will want to support her and we look forward to having her back as the race heats up.

Will threw down the gauntlet in the Lying Liar Lie of the Week segment describing some of the abuses perpetrated by the new Netflix show, What the Health. Will makes the point that someone with a doctorate in English advising on health and health-related issues is disingenuous at best. Sadly, for Will and for all of us, I soundly defeated him with the report, from Alex Thompson at Vice News, that Trump gets a 22 to 25-page report twice each day full of all the positive things said about him on cable news, Twitter and the like. Inside the administration this document is called the Propaganda Document. Unlike past administrations, which collected media in order to judge the public mood positive or negative, only positive media is forwarded to Trump and the intention is strictly to fluff his ego. (Yuck!)

Will hasn’t taken us to Scotland lately and, of course, we knew that couldn’t last! For the past few years, HMRC has been engaging in what might be called “Willful Incpompetence” when it comes to measuring the Scottish Economy. As far as various sectors of Scotland’s economy are concerned (including two of the biggest, oil and energy) HM Revenue and Customs has been allocating Scotland’s economic activity to an “Unknown Region” because they simply didn’t want to do the work to determine where said economic activity was actually occurring. Recently, they were forced to update their figures revealing that they had been understating the value Scotland’s Oil exports by about 90%. This equates to 15 Billion worth of revenue that was allocated to an “Unknown Region,” and these updated figures still do not give an accurate accounting of Scotland’s economic activity.

I finish-up my three week run on Dodd-Frank and the efforts by the administration to change the Volker Rule both by legislation and just by reinterpreting enforcement. Dodd-Frank and the Volker Rule seem like distant things which are way above the “pay grade” of most of us but the fact is that these are the rapidly breaking walls which are holding back the surge of another financial crisis just like the last one. The GOP and Wall Street have learned nothing. Fed Chair, Janet Yellen, and FDIC Director, Martin Gruenberg, are among the only (Obama appointed) regulators standing between the Trump hoard and their goal. Emailing them your support would not be a wasted effort. They need to know we are watching. Additionally, the Office of the Comptroller of the Currency has opened Volker revisions up for public comment. You are the public so go here to comment. It is not important that you be technical. Tell them your story and make sure they know you are paying attention.

I will be away for the next two shows but Will and our new team have got you. Carrots! – Arliss

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You Heard It Here First…

19 June 2017 – This was one of those shows where Will and I covered a lot of ground. We did not have an interview (and there is no Extra Mad) so we just moved straight through the show with no breaks.

I began with a nod acknowledging Will for bringing on Math Campbell last week and taking time from the discussion of the UK snap election results to talk with Math about the fact that the new agreement between the May government and the DUP has destabilized the already precarious Good Friday Agreement. This week Gerry Adams and the group of the Sinn Fein leadership met with PM May and made their grievances known and clear. Interestingly, Adams also pressed May on the fact that her austerity economics has drained more than £1bn out of the Northern Irish economy, an economy already dramatically endangered by the coming closure of the border between the Republic of Ireland and the Counties.

I also took a moment to note that MP Jo Cox was assassinated one year ago this week and the memorial event her family planned, The Great Get Together (#Jo Cox, #GreatGetTogether, #MoreInCommon) spread deep and wide across the country as people joined to acknowledge their desire for less divisiveness and more unity. More than 100,000 listed events took place and millions of people participated in everything from fair-like activities held in parks to tea parties held at libraries, churches, mosques and synagogues and even in simple things like baking cupcakes for neighbors. In this week when members of Congress and their staff were terrorized in Alexandria, it seemed appropriate to take a look at what trying to heal could look like if we wanted it to.

In our Hopping Mad’s Lying Liar Lie of the Week segment Will’s contender was the inability of the Trump administration to have any actual idea if Trump went to see Rep. Steve Scalise. I nominated Trump’s “witch hunt” tweets and included my favorite response tweets. As it turns out, Congressman Seth Moulton (D-MA) made the best case. He, of course, represents Salem, MA. ’nuff said.

In the body of the show I use the example of the central bank of Denmark warning its member banks about concerns related to the hot lending market despite the fact that all of those banks have passed ECB compatible stress testing. Meanwhile back in the US, the House voted to roll-back Dodd-Frank and the Trump administration is tamping down regulatory enforcement at every opportunity. This leaves only the Fed between us and the same economic disaster which nearly destroyed the economy in 2007. So – every time you hear the deeply misguided “audit the Fed” meme, I want you to remember this week and thank the Great Bunny that the US Federal Reserve is (relatively) independent and self-funded.

Will then spoke about the violent, so-called “left” DemExit movement and enumerated the ways in which they not really part of the left and definitely not part of the Democratic Party. Their dangerous, nihilistic rhetoric is really not about politics it’s just a self-justification for their rage. They are not interested in engaging in the public debate about policy. Truly, their only focus is on revolution in the streets and destruction. Just as progressives blame the GOP for not having called-out the violent, far right; progressives must now take responsibility and call out the terrorists on the farthest fringes of the left for both their views and actions.

I followed-on the subject of the responsibility to speak out by talking about former Fed Chair Ben Bernanke’s new book, Courage to Act. NOW Bernanke acknowledges the the economic crazy is all coming from one side, the GOP, and even goes so far as to blame the Obama administration for not having issued more progressive budgets and then fought for them. Ben, where were you then!?!

This show will air on 19 June and so I thought it was appropriate to take time to talk about the history of Juneteenth and why it is a relevant and important holiday for all Americans. I have to say I had to educate myself from scratch in order to even be able to speak in the most general ways about Juneteenth but I hope to listen and learn more in the coming year. By next year I would hope to lift up this topic with greater understanding.

One last thing – Rebecca Romans, thank you for the AMAZING TOUR and for all that you do in supporting progressive media. I know I speak for many podcasts when I say that we all love you! Many, Many Carrots! – Arliss

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