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
12 March 2018 – Dr. Fadhel Kaboub (@FadhelKaboub and @BinzagrInfo), President of the Binzagr Institute for Sustainable Prosperity and Associate Professor at Denison University, gave us such a wonderful interview that we dedicated the entire show to it including the compelling extended part of the interview. Dr. Kaboub became interested in modern monetary theory (MMT) early in his studies at a time when there was virtually no understanding of how the precepts of MMT could be applied to developing economies. His work in this area and his emphasis on the specific issues faced by the peoples and economies of the Middle East has become the leading edge of the conversation. You are going to be fascinated to hear him talk about how he believes Tunisia can fight imported inflation and political unrest with fish. Really. It’s brilliant. Also, Fadhel deeply understands the relationship between TIARA (There is a Real Alternative) and hope as a key to leveraging economic prosperity and political stability. I also enjoyed listening to his description of how the currency he has invented for his economics students, the Denison Volunteer Dollar (DVD), has crossed-over into the basketball program!
Will and I do plan to be back with a regular program next week. Carrots! – Arliss
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
21 September 2015 – We survived the launch! It would have been better had it not taken us about eight hours to record the show only to later discover that we still had a strange audio problem in a couple of places but all-in-all we are still in one piece and we are downright hoppy with the result. It’s hard to be anything but thrilled with the end product because we had such a wonderful time talking with SUNY professor and Daily Kos feature writer, Denise Oliver-Velez. I think it’s obvious that Dee is basically a progressive rock star. She answered questions about hope, Puerto Rico, the Latino get-out-the-vote effort and education. I especially loved the conversation about the fact that the Moral Mondays platform and the Black Lives Matter platforms are putting forward issues that are not “new” contrary to the commentary by mainstream media. Dee, with her wealth of perspective on progressive movements closed out by commenting on the difference between getting out the word in the 1970s versus the social media of today but she was sure to say, “The revolution will be slogged, not blogged.” We make change by talking with one another directly.
Will and I began the show talking a little bit about how we got started in the space that ultimately lead to “Hopping Mad.” We then went on to talk about the need for a new New Deal via job guarantee programs.
