Brad Voracek from The Minskys – Part 1

23 October 2017 – This was one of those shows which fought every step of the way.* While at the MMT conference this summer I recorded a terrific interview with the bright and articulate young economist Brad Voracek (@bradvoracek) from one of my favorite websites, The Minskys. Embarrassingly, I managed to error during the recording process and had both a sound problem and actually lost part of the interview…twice. As I say in the show, I am making it my life’s work to have Brad back for a fully and competently recorded interview very, VERY soon.

Meanwhile, though Will told me weeks ago that he was traveling this week, I have been so distracted by the fires in my hometown of Santa Rosa, CA,  that I forgot to make arrangements in advance for a cohost. Fortunately, Michele LeSure stepped in and went well above and beyond not only doing nearly all the editing but presenting two blocks. We decided to update you on some of the issues surrounding three of the four major disasters all of which are only in the earliest stages of recovery. Michele talked about Florida and Houston. I, of course, am still on what is now being called the October 2017 Fire Siege which has savaged Sonoma, Napa and Mendocino Counties in California.

Michele concentrated on the poor quality of the support being rendered in Florida and Texas. She also discovered an issue I had not heard about at all which manages to entangle disaster recovery aid in Texas with the politics surrounding Israel. Yes, you read that correctly. Michele just touches on the subject this week and has promised to come back next week with more.

It will not surprise you to know that in progressive, liberal Sonoma County the experience around receiving the basic necessities for survival for the more than 5500 families who have lost their homes is the polar opposite of that in states controlled by Republican legislatures. Additionally, the Sonoma County Sheriff, Rob Giordano has distinguished himself not only demonstrating superhuman leadership during the crisis but by being an extraordinary protector of all the residents of his county, including a homeless, hispanic man that ICE and Breitbart are falsely accusing of setting the fires. Sheriff Giordano is the kind of experienced, fair and thoughtful law enforcement officer who seems to live the ethic of “to protect and serve.” Sonoma County is fortunate to have him at this sad, terrifying, challenging time.

Will will be back next week. Many carrots! – Arliss

* Note:  among many of the other things which went wrong while I was flailing about trying to get this show out,  Comcast had an area blackout as I was uploading the show…because it really was just one of those shows.

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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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