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

Good morning everyone, on today's show  Cliff Schecter (@cliffschecter) join us. We are live at 12:00 ET. Support this GoFundMe for Ronald Raygun's client! "Humberto is currently detained in the Northwest Detention Center, where an Immigration Judge recently set bond at $15,000 dollars. ...
Eric Levitz (@EricLevitz), politics writer for New York Magazine, joins us to discuss his latest piece, "Conservatives Can’t Decide If Nordic Socialism Is a Totalitarian Nightmare or Actually Capitalist." On today's show: Trump revokes former CIA director John Brennan's security clearance; ...

On today’s show the MR crew brings you the news of the week so far.

Check out today’s sponsor! 12 issues for $6 and a free tote bag when you go to www.newyorker.com/ MAJORITY and enter my code MAJORITY at checkout

Get 10% off fair trade coffee, tea and chocolate at justcoffee.coop with coupon code “Majority”

Get confidential, text-based counseling from a licensed, fully trained, accredited therapist at BetterHelp.com/Majority

Donate to the Charlottesville Community Resilience Fund at secure.actblue.com/donate/resilience-fund

Get updates on the ongoing nationwide prison strike at supportprisonerresistance.noblogs.org/nationalprisonstrike2018/

Check out The Michael Brooks Show at patreon.com/tmbs, and the new TMBS YouTube channel for all short TMBS clips

Check out Matt’s new podcast, Literary Hangover, at Patreon.com/LiteraryHangover or on iTunes.

Check out Jamie’s podcast, The Antifada, at patreon.com/theantifada, on iTunes, or on the new Antifada Youtube channel!

Follow the Majority Report crew on Twitter:

@SamSeder

@_michaelbrooks

@MattLech

@jamie_elizabeth

@Bf1nn