Episode

9/26 The Debt Crisis is a Myth & Modern Monetary Theory w/ Stephanie Kelton

September 26, 2017

Steve Mnuchin reflects on lying to Americans about pushing for a large tax break for the wealthy.

Stephanie Kelton (@StephanieKelton), a Professor of economics and public policy at Stoney Brooke University, explains the Bretton Woods system. Why leaving behind the Gold Standard creates policy flexibility. Why did Nixon take America out of the Gold Standard? Why our fiscal policy has not left behind the Gold Standard way of thinking. What is money in modern economics? How does payment work? What actually causes inflation. Why inflation is not the problem right now in global economics. Taxes and how money works in society and the plutocrats who have an interest in perpetuating the debt myth.

On The Fun Half: Protestors are removed from the Senate as they fight to protect public healthcare. Bernie Sanders makes more progress in mainstreaming Single Payer healthcare. Sanders schools Graham and Cassidy at the CNN debate. Lindsay Graham tries to attack the health insurance industry while pushing a bill to enrich them. Marxism and identity. Rick Santorum throws a tantrum on CNN over the Graham Cassidy health bill. Louie Gohmert thinks John McCain should be recalled because he has cancer. Sarah Huckabee explains that Trump can do policy and pick fights on Twitter at the same time and your calls and IMs.

Check out today’s sponsor! https://www.brooklinen.com use promo code Majority!

The Michael Brooks Show is live tonight on the Majority Report Youtube Channel! Become Patreon for all TMBS content here https://www.patreon.com/TMBS

Past Episodes

It's Casual Friday! Emma hosts Ryan Cooper, managing editor at The American Prospect, to round up the week in news. Emma first discusses Sinema’s role at the front and center of Biden’s agenda, finally agreeing to the Manchin-Schumer “Inflation Reduction Act” provided they eliminate their ...
Emma hosts Jillian York, Director of International Freedom of Expression at the Electronic Frontier Foundation, to discuss her recent book Silicon Values: The Future of Free Speech Under Surveillance Capitalism. First, Emma dives into Pelosi’s return from Taiwan as tensions between the US and ...
Sam and Emma host Moustafa Bayoumi, columnist at the Guardian, to discuss his recent piece in The Nation, "Journey to Guantánamo: A Week in America's Notorious Penal Colony". Then, Sam and Emma are joined by writer Jacob Silverman to discuss his recent piece in the New Republic "The CEO Trying ...