Episode

5/22 Stephanie Kelton: What You Think You Know About Money is Wrong

May 22, 2014

Professor Stephanie Kelton Chair of the Department of Economics at the University of Missouri-Kansas City explains the Bretton Woods System and the end of the Gold Standard in the 1970s, why comparisons to the Weimar Republic and Zimbabwe made by austerity promoters are wrong, high inflation does not happen in well functioning democracies,  why we think about the deficit in the wrong way, the smart way to think about the Simpson Bowles austerity plan, the purpose of taxes, Hillary Clinton running on bringing down the debt and addressing the inequality crisis, Social Security and inequality, what Thomas Piketty misses, why labor needs to make a comeback and why fighting inequality must go beyond raising taxes at the top.

On The Fun Half: Progressive reform and taxes, debating Russian foreign policy, Democrats screw up Benghazi hearings, the Clintons and Benghazi strategy, would Bernie Sanders call out debt myths? Chipotle joins the one world conspiracy,  and your calls and IMs.

Also take a look here for all of the links for today’s show here!

And keep the conversation going on our morning thread 

Members make the Majority Report possible. Please join us by becoming a MEMBER. You can also show your support by clicking thru to the DONATE button for a one-time donation. Thanks

 

Past Episodes

Professor of Law and Political Science Rick Hasen joins Sam to discuss his new book Election Meltdown: Dirty Tricks, Distrust, and the Threat to American Democracy as well as the impact of Covid19 on the 2020 general election and remaining primaries. We're live at noon EST. Become a member ...
Author Adam Cohen joins Sam to discuss his new book, Supreme Inequality: The Supreme Court's Fifty-Year Battle for a More Unjust America. Plugs and Notices: Don't forget to fill out the census! Instructions on making two different kinds of facemasks can be found ...
Sam hosts Nomiki Konst (@NomikiKonst) of the Nomiki Show and Matthew Film Guy on this casual Friday! Plugs and Notices: Access a database of Covid-19 mutual aid groups in Australia here (https://tinyurl.com/uhbf74a) Organized and United Residents of Michigan City is a community group ...