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007. Marcos on MMT - Yes We Can, for Real
Manage episode 372564908 series 3435863
Το περιεχόμενο παρέχεται από το Marcos & Jim and Amp; Jim. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Marcos & Jim and Amp; Jim ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
It’s easy to think that the US Federal government is like a household, but where do dollars come from?
Marcos shares his views on the importance and need for modern monetary theory (MMT) - for rappers and for everyone else. Jim helps to build a common understanding of the terms and ideas discussed.
TIMESTAMPS
0:00 - Tax, Spending & Households
1:36 - Money: The power of an illusion?
2:48 - Questioning assumptions
3:10 - Hope: Currency issuing gov.
4:13 - Jim: Interest in investing
4:50 - Poetic, prophetic point of view
5:35 - The need to know what really money is.
6:59 - Taxation: the source of the value of money
8:44 - Econ for framing a moral vision.
9:30 - MMT money story
12:15 - Jim asks about MMT and inflation.
14:00 - MMT attempts to describe, not prescribe.
15:43 - Nominal vs. real
16:30 - Jesus understood taxes, authority & money.
18:00 Prosperity: resources developed.
19:56 - Price level, gov. & dev.
21:42 - Gov. can pay for full employment.
23:30 - Jim: Does resource framework still risk inflation?
26:50 - How MMT tackles inflation: systemic analysis
29:40 - Jim: Job guarantee vs. Universal Basic Income (UBI)
35:20 - Marcos responds: MMT ties spending to employment
45:20 - Jim reflects: Unemployment complicated, UBI versatile
54:30 - Marcos: MMT & public policy flexibility
Marcos and Jim, as independent artists, welcome and appreciate your support wholeheartedly! Consider adding the podcast to your favorite podcatcher, leaving a review, and sharing it with people you think would like it! Let's make the way on the way - al andar!
#alAndar #MarcosdelaGuagua #JimNog
MARCOS' LINKS
- Instagram: @marcos_de_la_guagua
- TikTok: https://www.tiktok.com/@marcosdelaguagua
- Twitter: @delaguagua
- Website: MarcosdelaGuagua.com
JIM'S LINKS
- Instagram: @jimnog
- TikTok: https://www.tiktok.com/@jimnog27
- Twitter: @jimnog
- Website: JamesNoguera.com
REFERENCES
- Pavlina Tcherneva: Pavlina-Tcherneva.net
- Fadhel Kaboub: denison.edu/people/fadhel-kaboub
- Stephanie Kelton: StephanieKelton.com
- Warren Mosler: MoslerEconomics.com
- The MMT Podcast: themmtpodcast.com
CREDITS:
- Art: James Noguera
- Music: Marcos de la Guagua & Jim Nog
- Episode edit: Marcos de Jesús
- Show notes: James Noguera & Marcos de Jesús
DISCLAIMERS:
- While we may opine on political or religious topics during our discussions, the main goal of the podcast is to talk about art.
- Silence or absence of opinion from one of us doesn't imply agreement or endorsement of the other's stance.
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