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 on The Majority Report On today's program: House Republicans - the party of peace - have pulled the vote on the War Powers Resolution Act after realizing they don't have the votes to continue this failing war on Iran. Rep. Jim McGovern (D-MA) calls out the GOP ...
It's an Emmajority Report Thursday on The Majority Report On today's program: Donald Trump says that Benjamin Netanyahu is a great guy who is being treated very poorly. The president goes on to brag about his approval rating in Israel then jokes about running for Prime Minister after he ...
It's Hump Day on The Majority Report On today's program: Chris Rabb wins the Democratic primary in Pennsylvania's 3rd Congressional district. Since there is no Republican running in the general, Rabb is all but guaranteed to be the new Representative of the bluest district in the ...