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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!
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Macro N Cheese
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The Geopolitics of the Russian Revolution with Esha Krishnaswamy
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Esha’s last visit to Macro N Cheese inspired Steve to read Lenin’s What Is to Be Done and John Reed’s Ten Days That Shook the World, igniting a new interest in political theory and revolutions. This, in turn, lit a fire under others on the Real Progressives’ team. In the past half year, we’ve been learning about the Russian, French and Haitian Revo…
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Beyond The Black Jacobins: The Haitian Revolution with Pascal Robert
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In the US we are taught history from the point of view of the colonizers. The heroes are the victors, and the victors are the ruling class - the oppressors and exploiters - reconfigured to appear dashing and noble. When truth falls outside of this heroic narrative, it’s distorted or buried. Our guest this week, Pascal Robert, pulls back the curtain…
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Through the Eyes of Garry Davis: The World is My Country with Arthur Kanegis
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On Macro N Cheese, we often focus on economics - how society organizes real resources, and human life in general. We always seek ways to get our message out, to capture people’s imagination and motivate them. This week Steve talks to the director/producer of The World is My Country, a documentary about Garry Davis, who inspired and motivated millio…
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How We Fund Policy Matters with L. Randall Wray
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L. Randall Wray is a founding father of Modern Monetary Theory and is always a welcome guest on this podcast. This is his SIXTH episode of Macro N Cheese. Our community recently celebrated Congressman Yarmuth’s statement in support of MMT and his shout-out to The Deficit Myth. Randy tells Steve he was invited to speak to Yarmuth and his staff in 20…
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The Rent's Too Damned High with Cory Doctorow
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Cory Doctorow’s bio says he is a science fiction author, activist and journalist. He’s also a podcaster, blogger, Tweeter, and that rarest of birds, an MMTer. We invited him on to Macro N Cheese because of his article The Rent's Too Damn High: A Human Right, Commodified and Rendered Zero Sum. Steve talks to him about the multiple and complex causes…
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An MMT Perspective: Interest Rates and Inflation with Warren Mosler
1:05:31
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Real Progressives is on a mission to bring Modern Monetary Theory to the layperson. We don’t assume you’ve studied economics, only that you’re open-minded and curious. Once the MMT light bulb goes on, it reveals a myriad of implications, making it a powerful tool for political activists and organizers. It’s almost impossible to think of a political…
It’s customary to think of growth as something to aspire to and celebrate. It’s one of those words with positive connotations, like progress. Growth represents our progress as a society. The MMT community has called this into question by exposing the underbelly of the most celebrated measure of economic growth, the GDP. The costs of clean-up after …
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The Race to the Bottom with Fadhel Kaboub and Bill Black
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To unpack the confusion around the push for state-based vs federal programs, it’s necessary to understand the race to the bottom. So this is where Steve Grumbine begins his interview with Bill Black and Fadhel Kaboub. The inequities among the Eurozone nations have their parallel in the US. At both the global and national levels, the race to the bot…
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Defining the World of Crypto and the Digital Commons with Rohan Grey
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If you’re a crypto-phobe, or simply bored by fintech and all those “coins,” don’t let it stop you from listening to this episode. Rohan Grey places these topics within the context of our history, political economy, the law, MMT, policy, and today’s progressive movement. The fact that technology changes the world is nothing new. It affects everythin…
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The Case Against a Universal Basic Income with Bill Mitchell
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Professor Bill Mitchell was our very first guest on Macro N Cheese, and now here he is, 122 weeks later. Episode #1 was Putting the T in MMT. This week Steve asks him to discuss the single policy prescription at the core of MMT - the Federal Job Guarantee. The discussion goes into the parameters and nuance of the FJG and the pitfalls of a Universal…
Steve Keen can be counted on to bring a unique and controversial perspective. This time he turns his critical gaze toward what some feel is sacred in Marx’s legacy. The interview takes a dive into complex theory, which we won’t even attempt to summarize here. Keen says Marx’s philosophical thinking ultimately transcended his own labor theory of val…
Mike Figueredo and Steve Grumbine have a lot in common. Both are on a journey toward radicalization. Both recognize the importance of MMT in this process. Steve was recently Mike’s guest on The Humanist Report in an episode that was part MMT primer and part discussion of their mutual anti-capitalist awakening. This week, Mike comes to us. When we a…
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Point Counterpoint: The Biden First 100 Days with Robert Hockett
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Robert Hockett is back to share his irrepressible optimism as he and Steve review Biden’s first 100 days. They both admit the administration has done more than they expected, but then again, they weren’t expecting much. When Pramila Jayapal awarded the president an A, she must have been grading on a curve. Bob isn’t confident predicting what the co…
This week our guest is the fearless Jen Perelman, host of JENerational Change and recent challenger to establishment sweetheart Debbie Wasserman-Schultz. Jen and Steve have a genial conversation about electoral politics, revolutionary action, and the path forward. Jen talks about her campaign against the notorious DWS, and how inherently flawed and…
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Reparations with Sandy Darity and Kirsten Mullen
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This week, Kirsten Mullen and Sandy Darity join Steve to talk about their book From Here to Equality: Reparations for Black Americans in the Twenty-First Century. In recent years the debate on reparations has gained some momentum, though not for the first time, as Mullen and Darity point out. “40 acres and a mule” was among the first promises made …
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Beyond the Deficit Myth with Brian Romanchuk
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This week, Steve catches up with Brian Romanchuk to talk about his latest book, Modern Monetary Theory and the Recovery. Brian was last on in episode 16, two years ago. A lot has happened since then. From his blog, Bond Economics: This book discusses the causes of slow growth in the developed world after the early 1990s from a Modern Monetary Theor…
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Fiscal Money and the European Union with Marco Cattaneo
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Even a very dysfunctional system is beneficial to somebody. And that's the reason why changing course is difficult. Economist Marco Cattaneo joins us this week to talk about “fiscal currency” and how it could provide a partial solution to the economies that haven’t fared so well from the adoption of the euro, the currency being used by 19 of the 27…
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When the Whistle Blows with Richard Bowen
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Steve Grumbine welcomes the uncompromising and incorruptible Richard Bowen to the studio to discuss the intricate web of deception and fraud more commonly known as our private banking system. Having been at Citigroup during the mortgage crisis, he had an insider’s eye view of the stranglehold the large banks have on our country. The financial servi…
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Financial Fragility with Eric Tymoigne
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Real Progressives recently created a series on fraud and the great financial crisis. To further understand the economic underpinnings of 2008 and other financial crises, Steve turned to Eric Tymoigne, inviting him on to talk about the book he co-authored with Randall Wray, The Rise and Fall of Money Manager Capitalism: Minsky's Half-Century from Wo…
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Neoliberalism: The Denouement with Thomas Fazi
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At the start of the pandemic, Thomas Fazi wrote an article entitled “Could COVID-19 Vanquish Neoliberalism?” It was in response to the optimistic analysis, especially coming from the left who saw in the state’s reaction a deep crisis of neoliberalism. In fact, some were predicting the death of neoliberalism and the rise of a new regime, one charact…
This week Steve talks with Dan Kovalik, a labor and human rights lawyer, who recently wrote a book aptly titled Cancel This Book. The episode is more conversation than interview; Dan and Steve both have a lot to say about cancel culture. Dan tells the story of Molly Rush, an 85-year-old peace activist who once served time in jail for participating …
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Taming the Megabanks with Art Wilmarth
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This week Steve talks with Arthur Wilmarth, fresh off his appearance in our current series, The New Untouchables: The Pecora Files, which dovetails neatly into the subject of Art’s latest book, Taming the Megabanks: Why We Need a New Glass-Steagall Act. Art takes us through the original Glass-Steagall, adopted at the start of the Roosevelt administ…
In this extra edition of Macro N Cheese, Steve talks with Romteen Farasat, Incident Commander of Austin Needs Water. We all saw the news photos of Texas under a blanket of snow and ice. The freeze occurred the night of February 14th, yet two weeks later, people are still living without water. Public water has returned but private water lines are st…
This week Steve talks with Linwood Tauheed, someone we’ve heard about from several of our recent guests. Dr. Tauheed is an institutionalist economist; he looks at the economy not as a macroeconomy or a microeconomy, but as an economy that's founded on institutions. Beyond the economy, or perhaps intertwined with it, institutional frameworks enable …
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Knowledge is Power with Rev. Delman Coates
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The last time Delman Coates was a guest on Macro N Cheese, the Our Money campaign was still fairly new, this podcast was on its 20th episode, and none of us had heard of COVID-19. Now, almost two years and 100 episodes later, it was long overdue for him and Steve to get together again. Delman believes the federal response to the pandemic has been a…
