MMT Across the Pond with Patricia Pino

Patricia Pino, engineer, artist, activist and one of the hosts of The MMT Podcasts. Patricia’s focus to raise awareness, so that people are not fooled by the established economic narrative, led her to write articles for a small outlet for a couple of years explaining MMT.

The Green Party Chose Mainstream Economics over MMT

The public have little appetite for economics. The Green Party, as laudably representative of the public, doesn't either, which has led to their reliance on a small group of economic advisers, including Jon Bongeovanni, Howard Switzer, Sue Peters, and Rita Jacobs. I will argue that these advisers have fundamentally misled the Green Party, imposing artificial financial constraints on the Green Party's ability to implement policies, and injecting libertarian economic ideas via fear-mongering about the national debt. Accordingly, these advisors recommend the wholesale rejection of alternative economic theories, such as MMT (Modern Monetary Theory). In this article, I will focus on Rita Jabobs' written request to "look beyond MMT" - a title that sounds innocuous enough, but which prefaces a plethora of lies and conspiracies about MMT that are an insult to the thousands of progressives who stand by it.

Propaganda, Revelations & Prosperity: The End of Neoliberalism with Scott Ferguson

In a favorite episode of Macro 'n Cheese podcast, Scott Ferguson brings vivid insights on neoliberalism and the ways in which it thoroughly permeates our culture.

Language Policing and the Dynamics of Power and Privilege

This wasn't what I had originally planned to write about tonight. But since it came up that a well-respected member of Real Progressives was tone-policed by some economically privileged allies, I'm addressing the problem of tone policing, why it has no place in our movement, and how allies need to take their allyship to our common progressive goals seriously instead of treating this as just another feel-good, boutique activism project.

What is the Difference Between Microeconomics and Macroeconomics?

Real Progressives is about gaining knowledge in the important area of economics, so that we can protect ourselves within a system that uses our lack of wisdom against us in numerous ways.

Rent Control Fight Prompts Coalition Action in Illinois

“You can’t assume that because I have a ‘D’ behind my name I will just go along with it.” - Illinois State Representative Rita Mayfield

Neighbors Without Homes - Part Two

In Part One of Neighbors Without Homes, the final paragraph asked how can we make our planet better since we're all here together.  Consider what it would take to solve the issue of neighbors without homes. 

What is Economics?

Economics is the study of how societies allocate limited resources (such as land, water, human labor, or machinery) among the wants of those societies, recognizing that wants are seemingly unlimited.

Neighbors Without Homes - Part One

We're all connected.  No one is better than anyone else, so why do so many lack life's bare necessities?  Maybe everyone should think about our neighbors, even if they don't have homes.

Modern Monetary Theory - A Presentation for the Lavender Greens

The only constraint on spending by the US federal government is resources. Or, as Dr. Stephanie (Bell) Kelton puts it, the federal government can buy every American a pony, if we breed enough ponies.

A Federally Guaranteed Job in the Hour of Kale

Give a man kale, and he will eat for a day. Give a man a job growing kale, and he will eat for a lifetime.

Apolitical Descriptive Currency Analysis is Anything but Flamboyant…… in response to John Tamny

Tamny bandies about the discussion of resources as if MMT did not recognize the importance of the productive capacity of a nation. MMT clearly asserts that the real constraints of our economy are based on real resources.

MMT Is No Joke - The Joke is How It’s Used

This is the real “joke that’s not funny.” MMT is no joke - but how it is currently being abused is. A progressive application of MMT (again, not MMT itself) merely seeks to shift that 'socialism' MLK mentioned away from imperialist behavior and toward our own countrypeople.

Why Modern Monetary Theory is a Serious Idea for a Serious Time: A Response to James Pethokoukis

MMT is now being criticized by economic pundits, particularly from conservative think tanks.  This commentary is a rebuttal to one such article.

Italian Yellow Vests wants MMT

The movement of the Yellow Vests in Italy has officially adopted an MMT program.

Understanding MMT is Easier Than You Think

It's not 'advanced economics', it's 'realistic economics'.

A Federal Jobs Guarantee is Crucial For Progressive Policies

Having a FJG waiting in the wings for people who are impacted by any of these disruptions in our economy, however well-intended, is crucial.

How the IMF sows the seeds of Global Neoliberalism

...And how it nearly killed universal healthcare in Thailand.

Steven Grumbine Interviews Steven Hail, Australian Economist

Steve and Steven discuss what the prospects are for a viable economic system with a 40 percent reduction by 2030 and no new emissions by 2050.

Professor Bill Mitchell & the 'T' in Theory

Steven Grumbine interviews Professor Bill Mitchell about the “Theory” in Modern Monetary Theory, once again demonstrating that the two of them can make even complicated economic concepts accessible to the layperson.

Geoff Ginter Interviews Pavlina Tcherneva at the 2nd Annual MMT Conference

Dr. Tcherneva describes her experience with and observations of a jobs guarantee program in Argentina.

The Winter of our Discontent in America

After over 25 years of Winter it is time to jump start Spring by adopting policies that recognize our economic potential. 

The 2nd Annual MMT Conference in NYC is Underway!

Join us at Real Progressives for live coverage of the event!

Federal Taxation: A Physician's Prescription For Reform

This analysis of the pathophysiology of the taxation system informs the four taxation proposals presented here, which are crafted on the observed mechanics of the US monetary system as described in MMT.

The Danger of Hope

People are conditioned to be cynical. They confuse cynicism for being "woke". Hope is a bridge too far for many.

An MMT Tutorial That Covers The Basics

This MMT tutorial provides short answers to several questions.

Monuments of Full Employment

Implementing a Federal Jobs Guarantee, along with a Green New Deal, and increased spending on our infrastructure, we can start to rebuild a middle class that has been languishing for

The “petrodollar” has no bearing on any country’s ability to fully employ its people.

"As far as what specifically would happen if the world stopped using the United States dollar for oil? The answer is, “Very little.””