Podcast appearances and mentions of James Galbraith

00:08 James K. Galbraith is professor of Economics and Social Policy at the University of Texas at Austin. From 1993 to 1997 he served as chief technical adviser for Macroeconomic Reform to the State Planning Commission of the People's Republic of China. His latest book, co-authored with Jing Chen,  is Entropy Economics: The Living Basis of Value and Production The post James Galbraith on what a trade war with China means appeared first on KPFA.

(This interview was recorded before the market chaos of this week.) On this week’s episode of Merryn Talks Money, Merryn Somerset Webb sits down with economist James Galbraith, who says there’s a problem with economists. The problem, he says, is that almost all of them are working with the wrong models. They look at economics in terms of equilibrium, as though the natural destination of an economy is “some kind of stable state,” Galbraith says. But absolutely nothing else tends to equilibrium. See omnystudio.com/listener for privacy information.

The Strategy Behind Trump's War on the So-Called Legacy Media | An Assessment of How the Senate Democrats Might Extricate Themselves From the Government Shutdown Trap | Having Decided Chuck Schumer Is No Longer Jewish, Trump's Conflation of Terrorism, Anti-Semitism and Anti-Americanism backgroundbriefing.org/donate twitter.com/ianmastersmedia bsky.app/profile/ianmastersmedia.bsky.social facebook.com/ianmastersmedia

Guest: James K. Galbraith is Professor of Government at the University of Texas at Austin.  He is also a Senior Scholar with the Levy Economics Institute of Bard College and part of the executive committee of the World Economics Association; and is the author of several books including his latest, Entropy Economics: The Living Basis of Value and Production co-authored with  Jing Chen.   The post James Galbraith on Tariff Wars, Inflation, Recession, & the Politics of the Trump's Economy appeared first on KPFA.

The Weekly Tradecast looks at how we can bridge inequality in the global economy and create a fairer system with economist, academic and author James Galbraith. In recent decades, the economic centre of gravity has been shifting with the growing presence of big developing countries on the world stage. But many gaps and inequalities persist – just as climate change, rapid changes in technology and major shifts in geopolitics are transforming the way we live and reshaping the future of the planet. With so much to deal with, what are the priorities so that developing countries can be resilient and prosperous? Tune in to James Galbraith from the University of Texas at Austin to find out how we can get on the right track to a more sustainable and inclusive future.

James Galbraith er en amerikansk økonom og professor ved Lyndon B. Johnson School of Public Affairs i Austin, Texas. Måske kender du hans efternavn, for hans far, John Kenneth Galbraith, var en umådeligt indflydelsesrig økonom, der i årtier var knyttet til Det Hvide Hus og formidlede økonomi i populære bøger som The Affluent Society. James Galbraith er fortsat i sin fars fodspor, og hans nye bog Entropy Economics, der udkommer senere i denne måned, er udgangspunktet for ugens udgave af Langsomme Samtaler. I bogen gør Galbraith og hans medforfatter, professor Jing Chen, op med, hvad de mener er årtiers fejlslagen økonomisk tænkning og præsenterer i stedet et nyt grundlag for at tænke over økonomiske spørgsmål – et grundlag med rod i livsprocesser. I løbet af samtalen når Lykkeberg og Galbraith også forbi oligarkernes indflydelse på det amerikanske demokrati, årsagerne til Bidens fejlslagne industripolitik samt hvilke konsekvenser Trumps tariffer risikerer at få for Europas økonomi.

Der US-Ökonom James Galbraith kritisiert die Russland-Sanktionen und die altbackene Wirtschaftspolitik des Westens. Schlüssige Modelle zur Verbindung von Industrie und ökologischer Transformation fehlen in den USA und Europa. Ein Gespräch mit dem Journalisten Robert Misik im Bruno Kreisky Forum. Hosted on Acast. See acast.com/privacy for more information.

On Friday, Vice President Kamala Harris delivered a speech in North Carolina outlining her economic platform, including a federal ban on price gouging, expanded tax credits, and more. The proposal to tackle corporate price gouging has sparked significant pushback from both the establishment wing of the Democratic Party and various factions within the Republican Party. About a year ago, we spoke with economist James Galbraith on the back porch of his Vermont childhood home, where he was raised by John Kenneth Galbraith—one of the 20th century's leading policymakers and thinkers on government regulation of prices. Today, we're revisiting that conversation, which originally aired on July 7, 2023.James K. Galbraith is a professor of government and business relations at the University of Texas at Austin. Galbraith has an extensive history of working in government, including as executive director of the Joint Economic Committee of the U.S. Congress and an economist for the House Banking Committee. Galbraith joins Ryan Grim to discuss the implementation of price controls by the U.S. government, how it brings down prices, how the Biden administration has used it and could use it more, and how Galbraith's father — economist and politician John Kenneth Galbraith — was instrumental in setting price controls during World War II. Hosted on Acast. See acast.com/privacy for more information.

Robert Misik in conversation with James Galbraith INFLATION, SANCTIONS AND INDUSTRIAL POLICYThoughts on the Disorder in Economic Thought   James K. Galbraith, one of the leading left-wing American economists, examines the economic policy debates in the USA and Europe: inflation has led to real wage losses in Europe, but also to rising costs for companies, particularly in industry. However, the USA has been quicker to get inflation under control and, with the Biden administration's “Inflation Reduction Act”, has put together a package of investments in infrastructure as well as subsidies for ecological transformation. But is this the new form of industrial policy that is needed? Galbraith is skeptical. In Europe, on the other hand, the spectre of “de-industrialization” is already being raised, not least due to the rise in energy prices and production costs in general. How can the European economy respond to this? The programs to date are little more than a drop in the ocean. What needs to be done to achieve a prosperous economy that lifts all boats, not just the luxury yachts? Justice, innovation and ecological transformation – do they go together?   James Galbraith is an American economist. He is currently a professor at the Lyndon B. Johnson School of Public Affairs and at the Department of Government, University of Texas at Austin. He is also a Senior Scholar with the Levy Economics Institute of Bard College and part of the executive committee of the World Economics Association, created in 2011. Robert Misik, Author and Journalist

Jonathan Newman joins Bob to discuss the argument being put forth by Alan Blinder, James Galbraith, and other progressive economists, who claim that the Federal Reserve's rate hikes couldn't possibly be responsible for the quelling of consumer price inflation. Jonathan and Bob stress the important role of expectations as a "transmission mechanism" from Fed policy to impacts on prices. Galbraith's Article on the Fed's 'Soft Landing': Mises.org/HAP409a The Paper on the Forward Guidance Paradox That Mentions Krugman: Mises.org/HAP409b Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23

Jonathan Newman joins Bob to discuss the argument being put forth by Alan Blinder, James Galbraith, and other progressive economists, who claim that the Federal Reserve's rate hikes couldn't possibly be responsible for the quelling of consumer price inflation. Jonathan and Bob stress the important role of expectations as a "transmission mechanism" from Fed policy to impacts on prices. Galbraith's Article on the Fed's 'Soft Landing': Mises.org/HAP409a The Paper on the Forward Guidance Paradox That Mentions Krugman: Mises.org/HAP409b Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23

Jonathan Newman joins Bob to discuss the argument being put forth by Alan Blinder, James Galbraith, and other progressive economists, who claim that the Federal Reserve's rate hikes couldn't possibly be responsible for the quelling of consumer price inflation. Jonathan and Bob stress the important role of expectations as a "transmission mechanism" from Fed policy to impacts on prices. Galbraith's Article on the Fed's 'Soft Landing': Mises.org/HAP409a The Paper on the Forward Guidance Paradox That Mentions Krugman: Mises.org/HAP409b Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23

Jonathan Newman joins Bob to discuss the argument being put forth by Alan Blinder, James Galbraith, and other progressive economists, who claim that the Federal Reserve's rate hikes couldn't possibly be responsible for the quelling of consumer price inflation. Jonathan and Bob stress the important role of expectations as a "transmission mechanism" from Fed policy to impacts on prices. Galbraith's Article on the Fed's 'Soft Landing': Mises.org/HAP409a The Paper on the Forward Guidance Paradox That Mentions Krugman: Mises.org/HAP409b Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23

Jonathan Newman joins Bob to discuss the argument being put forth by Alan Blinder, James Galbraith, and other progressive economists, who claim that the Federal Reserve's rate hikes couldn't possibly be responsible for the quelling of consumer price inflation. Jonathan and Bob stress the important role of expectations as a "transmission mechanism" from Fed policy to impacts on prices. Galbraith's Article on the Fed's 'Soft Landing': Mises.org/HAP409a The Paper on the Forward Guidance Paradox That Mentions Krugman: Mises.org/HAP409b   Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime: Mises.org/Nashville23]]>

In this debate Yaron Brook and James Galbraith go head to head on the matter of income inequality. As income inequality continues to rise, should Government act to reduce inequality? This was a private event hosted in Dallas, TX on June 1, 2023.Join this channel to get access to perks:https://www.youtube.com/@YaronBrook/joinLike what you hear? Like, share, and subscribe to stay updated on new videos and help promote the Yaron Brook Show: https://bit.ly/3ztPxTxBecome a sponsor to get exclusive access and help create more videos like this: https://yaronbrookshow.com/support-members/support-the-show/Or make a one-time donation: https://bit.ly/2RZOyJJContinue the discussion by following Yaron on Twitter (https://bit.ly/3iMGl6z) and Facebook (https://bit.ly/3vvWDDC )Want to learn more about Ayn Rand and Objectivism? Visit the Ayn Rand Institute: https://bit.ly/35qoEC3This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3276901/advertisement

Today, we're sharing an episode of the podcast Deconstructed from our friends over at The Intercept, an award-winning investigative news organization. Centrist and right-wing economists continue to advocate for laying off workers and engineering a recession to address inflation. But why not set price controls instead? This week on Deconstructed, host Ryan Grim is joined by James K. Galbraith, a professor of government and business relations at the University of Texas at Austin. Galbraith has an extensive history of working in government, including as executive director of the Joint Economic Committee of the U.S. Congress and an economist for the House Banking Committee. Galbraith and Grim discuss the implementation of price controls by the U.S. government and how such measures bring down prices. They also explore how the Biden administration could expand its price control efforts, and how Galbraith's father — economist and politician John Kenneth Galbraith — was instrumental in setting price controls during World War II.If you like Lever Time with David Sirota, be sure to check out Deconstructed on all podcast platforms and subscribe.A transcript of this episode is available here.

A Phony Crisis Averted Now a Celebration of Compromise and Bipartisanship | The Next War of Drones and AI Now in Ukraine | Exporting the Technology of Repression and Australia's Trial of the Century backgroundbriefing.org/donate twitter.com/ianmastersmedia facebook.com/ianmastersmedia

  Article: Paul Bleau reviews Jim DiEugenio's new book JFK Revisited: Through the Looking Glass Book: JFK Revisited: Through the Looking Glass by Jim DiEugenio: Hardcover, Kindle JFK Revisited: The Complete Collection Blu-Ray + DVD Rent/buy JFK Revisited: Through the Looking Glass: Showtime, Prime, iTunes, Vudu, Microsoft Rent/buy the documentary series JFK: Destiny Betrayed: Amazon Prime, iTunes, Vudu Video: Panel: Oliver Stone, Jim DiEugenio and Paul Bleau at Quebec City (2022) The first part of the book is the transcript for the documentaries The second part contains information that didn't make it to either of the two documentaries Elmer Lee Todd's initials are most likely present on CE 399 (the magic bullet) unlike claimed in the documentary and the book The Cuban Student Directorate was paid $50,000 a month (by the CIA) "I confronted Jim Leavelle....I asked him point-blank, why didn't you take notes of what this guy (Oswald) is saying? And you know what he told me? It wouldn’t have changed the outcome of the case. This is the day before Oswald got shot." - Brian Edwards The WC doesn't mention that JFK's head moved backwards as a result of the fatal shot Video: Robert Groden and the first public broadcast of the Zapruder Film on Geraldo Rivera's show Good Night America Missing evidence in the JFK assassination case Governor John Connally's clothes were taken to the washer before being analyzed Who benefits if the crime scene is destroyed? "While Humes contended under oath that there was no bone missing in the back of JFK's skull, Boswell said there was bone missing in the rear skull and actually made a sketch on a three-dimensional skull model (now at the archives) showing missing bone skull from the top of the head, part of the right side, and the entire right rear of the cranium." "If... an army of a quarter of a million people could not prevail against less than 20,000 insurgents at that time, it was not a situation in which an outside force stood much chance of changing the outcome..." - James Galbraith "He was giving away everything he could to the Russians.... His father was an appeaser. Just like he was...." - Elmer Moore "We were misled by the CIA about Joannides as was the HSCA" - Judge John Tunheim "The records have not been released in total, and I don't think any good reasons have been given" - Thomas Samoluk, Deputy Director and Press Officer of the ARRB James Young was a White House physician "He (Young) was the first one at the autopsy to see these materials recovered from the limousine... He described a bullet (among the materials) brass-colored with a bent tip, he described as five millimeters in diameter... They said it was in the back seat" - Dr. Randy Robertson "Oswald's last quarter of earnings in the United States before he defected to the Soviet Union should have been paid by the Marine Corp. And they weren't. That has serious implications to me because of the speculation that he was a fake defector" - Douglas Horne Please email Len at osanic@prouty.org if you would like free access to the Garrison files "If ever someone's reputation was unfairly tarnished in American history, it's Jim Garrison" - Paul Bleau  

Biden Warns We Are Close to Armageddon and Have To Take Putin's Nuclear Threats Seriously | How We Can Build a Fair and Secure Middle Class Society | Women in America and Iran are Leading the Fight For Democracy Against the Repression of Women in the Name of Religion backgroundbriefing.org/donate twitter.com/ianmastersmedia facebook.com/ianmastersmedia

Tienes que arruinarte dos veces antes de poder afirmar que conoces los mercados. Marc Garigasait tuvo la suerte o la desgracia de empezar a operar con el crash del año 1987, a la edad de 19 años. Puedes leer mil libros de historia pero hasta que no vives una crisis no aprendes la lección. Perdió su dinero y el de sus amigos y esa experiencia sigue marcando sus decisiones de inversión presentes. Koala Capital SICAV, Panda Agriculture & Water Fund y Japan Deep Value Fund son los tres fondos que gestiona.Escucha el podcast en tu plataforma habitual:Spotify — Apple — iVoox — YouTubeArtículos sobre finanzas en formato blog:Substack Kapital — Substack CardinalApuntes:El crash del marzo 2020 por el coronavirus. Marc Garrigasait.La psicología de masas. Marc Garrigasait.Koala es un vehículo de inversión flexible. Marc Garrigasait.Consejos sobre inversión y finanzas personales. Muthukrishnan.El arte de reflexionar sobre el dinero. André Kostolany.El triunfo del dinero. Niall Ferguson.Confusión de confusiones. José de la Vega.El crash de 1929. James Galbraith.What I learned losing a million dollars. Jim Paul & Brendan Moynihan.Pensar rápido, pensar despacio. Daniel Kahneman.Deshaciendo errores. Michael Lewis.Your money and your brain. Jason Zweig.The intelligent investor. Benjamin Graham & Jason Zweig.La gran apuesta. Adam McKay.Si fuera un joven español cogería el primer avión a Asia. Jim Rogers.Índice:0.28. El mercado es un monstruo que se te puede comer.7.39. La psicología de las burbujas y el inevitable crash.33.25. La ventaja de sufrir Asperger en medio de una apuesta contrarian.42.30. Cómo no caer en las trampas del consumismo.57.25. Todos los inversores deberían leer libros de historia.1.19.23. Todo buen inversor debería llevar un diario de la crisis.1.25.50. Si quieres que se sepa diles que es un secreto.1.34.06. Las inversiones deep value en el mercado japonés.1.52.01. Los agricultores ya conducen el Lamborghini.1.57.52. La ventaja comparativa de España es el sector primario.

Republican Moves to Ban Medication Abortion Which is 54% of all Abortions | Rumors Putin Has Cancer and is Crazy Allow Him a Nuclear Advantage | The Economic and Political Consequence of the Fed Interest Rate Hike backgroundbriefing.org/donate twitter.com/ianmastersmedia facebook.com/ianmastersmedia

This special episode features Pentagon Papers whistleblower Daniel Ellsberg. About a year ago, on Groundhog Day 2021, Ellsberg came my peace studies class. He was prepared to answer questions from students, which he did, but only after being surprised by a number of luminaries who had previously agreed to join us. The surprise guests included James Galbraith, Peter Kuznick, Katharine Gun, and Peter Dale Scott. The class—Peace Studies of the American Century—is one that I developed in collaboration with American University history professor Peter Kuznick and filmmaker Oliver Stone.  Daniel Ellsberg is the author of Secrets: A Memoir of Vietnam and the Pentagon Papers, and The Doomsday Machine: Confessions of a Nuclear War Planner. His life story is the subject of The Most Dangerous Man in America: Daniel Ellsberg and the Pentagon Papers, the Oscar-nominated documentary that Edward Snowden credited for inspiring his own act of whistleblowing. Lastly, we are joined by former CIA officer John Kiriakou, the heroic individual who went to jail for blowing the whistle on CIA torture. He was kind enough to offer his own very memorable tribute to Daniel Ellsberg. Special thanks to Mickey Huff and Anthony Fest of Project Censored, Casey Moore for the episode art, and Dana Chavarria for the sound engineering!   Music: "End of the World" by Mock Orange

In this sixth episode of our Destiny Betrayed series on the JFK assassination, Aaron continues his discussion with Professors John Newman and James Galbraith. John Newman is the author of JFK and Vietnam: Deception, Intrigue, and the Struggle for Power. James Galbraith is the author of a number of books, including The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too. His longest article on JFK and Vietnam is Exit Strategy: In 1963, JFK ordered a complete withdrawal from Vietnam.    Please check out: Abby Martin's The Empire Files and Media Roots Radio. James DiEugenio's fantastic website: Kennedys and King Aaron's book: American Exception: Empire and the Deep State Project Censored Homepage The American Truth and Reconciliation Committee Special thanks to Casey Moore for the episode art and Dana Chavarria for the sound engineering! Music by Mock Orange

In this fifth episode of our Destiny Betrayed series, Aaron discusses John Kennedy's Vietnam policies with two towering figures in the field--Professors John Newman and James Galbraith. John Newman is the author of the orthodoxy-shattering JFK and Vietnam: Deception, Intrigue, and the Struggle for Power. James Galbraith is the author of numerous articles and books including Exit Strategy: In 1963, JFK ordered a complete withdrawal from Vietnam and The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too. This episode also features the incomparable Abby Martin. Please check out: Abby Martin's The Empire Files and Media Roots Radio. James DiEugenio's fantastic website: Kennedys and King Aaron's book: American Exception: Empire and the Deep State Project Censored Homepage The American Truth and Reconciliation Committee Music by Mock Orange Big thanks to to Anthony Fest for engineering, Dana Chavarria for remastering, and Casey Moore for the episode art! In this fifth episode of our Destiny Betrayed series, Aaron discusses John Kennedy's Vietnam policies with two towering figures in the field--Professors John Newman and James Galbraith. John Newman is the author of the orthodoxy-shattering JFK and Vietnam: Deception, Intrigue, and the Struggle for Power. James Galbraith is the author of numerous articles and books including Exit Strategy: In 1963, JFK ordered a complete withdrawal from Vietnam and The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too. This episode also features the incomparable Abby Martin. Please check out: Abby Martin's The Empire Files and Media Roots Radio. James DiEugenio's fantastic website: Kennedys and King Aaron's book: American Exception: Empire and the Deep State Project Censored Homepage The American Truth and Reconciliation Committee Music by Mock Orange Big thanks to to Anthony Fest for engineering, Dana Chavarria for remastering, and Casey Moore for the episode art!

Dr. Cyril Wecht and Dawna Kaufmann have co-authored a new book on the JFK case Book: The JFK Assassination Dissected by Dr. Wecht and Kaufmann: Paperback, Kindle Black Op Radio has been broadcasting since the year 2000 Get all the shows of a season for just $10; buy here The foreword for this new book has been written by Oliver Stone Dr. Wecht has personally performed 21,000+ autopsies And consulted more than 41,000 death cases Dr. Wecht shared close relationships with Arlen Specter and Vincent Bugliosi How Dr. Wecht got to know about the shooting of President Kennedy Dr. Wecht as a consultant to Dr. Thomas Noguchi on the RFK autopsy "Dr. Wecht's exposure of the Warren Commission's tortured single bullet absurdity, proves definitively that President John F. Kennedy's assassination was the result of a conspiracy" - Rob Reiner "The murder of President Kennedy remains unsolved over 58 years later. For those of us who continue to seek the truth, Dr. Wecht is our beacon and his latest book deserves your time and consideration" - Alec Baldwin News (1972): Mystery Cloaks Fate Of Brain of Kennedy Spoliation of evidence Video: Russell Brand on Biden delaying the release of JFK files Video: A Case for Conspiracy with Dr. Cyril H. Wecht Video: JFK Revisited Trailer Why were Humes and Boswell chosen to perform the autopsy? Despite differences on the JFK case, Dr. Wecht shared close relationships with Arlen Specter and Vincent Bugliosi FREE Borrowable Ebook: JFK and the Unspeakable: Why He Died and Why it Matters by James Douglass FREE Borrowable Ebook: Best Evidence by David Lifton CAPA 2021 Virtual JFK Conference Watch all 50 episodes of 50 Reasons for 50 Years   Part B: Aaron Good; beginning at 58:30 Video: JFK Revisited Trailer Showtime is presenting the 2-hour version of the documentary this week The documentary JFK Revisited can be viewed on demand on Showtime The documentary will also be broadcast on Showtime on Nov 22 at 7 PM and 10 PM (repeat) Aaron Good is one of the talking heads in the 4-hour version of the documentary Kerry Thornley and Operation Mindfuck A new podcast titled CovertAction Bulletin The first episode to feature Jim DiEugenio and Zachary Sklar Zachary Sklar interviewed on Black Op Radio: Episodes 38 (2000) and 200 (2004) Buy all interviews of a year for just $10 here All articles by John Kiriakou at CovertAction Magazine FREE Borrowable Ebook: Report from Iron Mountain by Leonard C. Lewin New York Times Book Review: Report From Iron Mountain: The Guest Word by Leonard Lewin Aaron Good interviewed James Galbraith and John Newman for the podcast The podcast starts on Nov 22nd Other guests include Daniel Ellsberg, Joshua Oppenheimer, Peter Dale Scott, David Talbot CovertAction Magazine YouTube channel CovertAction Bulletin podcast on Patreon CovertAction Bulletin podcast Twitter account Aaron's book American Exception to be released in April 2022 Aaron's twitter account All articles by Aaron Good, Ben Howard and Peter Dale Scott at CovertAction Magazine Article: Was the Now-Forgotten Murder of One Man on September 9, 2001 a Crucial Pre-condition for 9/11? by Aaron Good and Peter Dale Scott

Is McConnell Bluffing Over Not Raising the Debt Ceiling? | Reaction to Our Ambassador to Haiti Calling U.S. Treatment of Haitian Refugees "Inhumane" | The Border Patrol as America's Most Out-Of-Control Law Enforcement Agency? backgroundbriefing.org/donate twitter.com/ianmastersmedia facebook.com/ianmastersmedia

A debate with Dr. Yaron Brook of the Ayn Rand Institute and Dr. James Galbraith of University of Texas at Austin's Inequality Project.

In today’s podcast, Milton Friedman is joined by guests David Brooks of The Wall Street Journal and James Galbraith from the University of Texas for an updated discussion of some of the ideas presented in the documentary segment of “The Power of the Market,” part of volume one of the ten-part public television series Free To Choose. Listen now.

Welcome to episode 76 of Activist #MMT. Today I talk with seventh-year MMT activist Bill Peeples. Bill earned a bachelors degree in mechanical engineering from the University of Texas at Austin. He then opened a retail computer store and managed his business with accounting software. This served as his introduction to double-entry accounting, for which he received some extra support from his father who is a Certified Public Accountant. Bill later worked for a major computer manufacturer, using computer programming and data analytics to determine why certain systems fail. All of this is to say, logic comes easily to Bill, and this helped him to very quickly pick up some important concepts underlying Modern Money Theory, or MMT. (Here is a link to __PART_TWO__.) Bill wants to understand accounting all the way down to the individual transaction. In the context of economics, this is essentially the atomic level. Understanding this level of detail, Bill says, makes the aggregate become more clear. It also turns some of what is commonly portrayed as scary and complicated, into something decidedly mundane. An example is how the public is often told that China may "dump its debt“ and that this is somehow a threat or even potential act of war against the United States. A related insight I recently learned from Bill is the very concise and simple idea that only the issuer can create and delete its own money (this includes bonds, treasuries, and securities). After being created and before being deleted, the money and bonds can do nothing but change ownership. “Dumping its debt” is a hyperbolic term meaning to sell off its entire holdings of US bonds. First of all, given the nature of the Chinese economy, it’s extremely unlikely that they would ever choose to do this. But even if they did, what Bill’s insight reveals is that China would do nothing more than exchange their bonds for cash. China would be giving up money that earns regular interest income (bonds) for money that earns no interest. In addition, because of the quantity of bonds involved, China would be very likely lose a lot of money in the process. In other words, the total amount of bonds and money in the world would remain unchanged and China would almost certainly harm itself – and not harm the United States. You will find several sources recommended by Bill in the show notes, along with some example balance sheets he’s created during his experience of responding to common questions. And now onto my conversation with Bill Peeples. Resources Books: Wynne Godley and Marc Lavoie’s textbook, Monetary economics, an integrated approach to credit, money, income, production, and wealth James Galbraith’s 2008 book The Predator State: how conservatives abandoned the free market and why liberals should too 2020 book by Stephanie Kelton, The Deficit Myth 2010 book by Warren Mosler, The Seven Deadly Innocent Frauds of Economic Policy Steven Hail’s 2018 book, Economics for Sustainable Prosperity Interviews: Mark Cuban and Pavlina Tcherneva, hosted by Charles Hayden on Real Progressives Superstructure podcast episode The virus is the virus MMT Podcast interview with John Harvey on his book Contending Perspectives: Parts one and two. Other: People and organizations mentioned: Sam Levey and Deficit Owls, Nathan Becker, Charles Hayden New Economics Perspectives Bill Mitchell’s blog Eric Tymoigne’s Money and Banking series on New Economics Perspectives Steve Keen’s Minsky model Examples of Bill’s work https://i.imgur.com/IlRyEnq.jpg https://i.imgur.com/Bid9vkW.jpg https://i.imgur.com/SLAYS0x.jpg https://i.imgur.com/hNKMq31.jpg https://i.imgur.com/fjinGcY.jpg And finally, the mind-twisting optical illusion (that reminds Bill "of the illusion of government ‘borrowing’ ".) https://i.imgur.com/VGayolB.jpg

Welcome to episode 76 of Activist #MMT. Today I talk with seventh-year MMT activist Bill Peeples. Bill earned a bachelors degree in mechanical engineering from the University of Texas at Austin. He then opened a retail computer store and managed his business with accounting software. This served as his introduction to double-entry accounting, for which he received some extra support from his father who is a Certified Public Accountant. Bill later worked for a major computer manufacturer, using computer programming and data analytics to determine why certain systems fail. All of this is to say, logic comes easily to Bill, and this helped him to very quickly pick up some important concepts underlying Modern Money Theory, or MMT. (Here is a link to __PART_TWO__.) Bill wants to understand accounting all the way down to the individual transaction. In the context of economics, this is essentially the atomic level. Understanding this level of detail, Bill says, makes the aggregate become more clear. It also turns some of what is commonly portrayed as scary and complicated, into something decidedly mundane. An example is how the public is often told that China may "dump its debt“ and that this is somehow a threat or even potential act of war against the United States. A related insight I recently learned from Bill is the very concise and simple idea that only the issuer can create and delete its own money (this includes bonds, treasuries, and securities). After being created and before being deleted, the money and bonds can do nothing but change ownership. “Dumping its debt” is a hyperbolic term meaning to sell off its entire holdings of US bonds. First of all, given the nature of the Chinese economy, it’s extremely unlikely that they would ever choose to do this. But even if they did, what Bill’s insight reveals is that China would do nothing more than exchange their bonds for cash. China would be giving up money that earns regular interest income (bonds) for money that earns no interest. In addition, because of the quantity of bonds involved, China would be very likely lose a lot of money in the process. In other words, the total amount of bonds and money in the world would remain unchanged and China would almost certainly harm itself – and not harm the United States. You will find several sources recommended by Bill in the show notes, along with some example balance sheets he’s created during his experience of responding to common questions. And now onto my conversation with Bill Peeples. Resources Books: Wynne Godley and Marc Lavoie’s textbook, James Galbraith’s 2008 book : how conservatives abandoned the free market and why liberals should too 2020 book by Stephanie Kelton, 2010 book by Warren Mosler, Steven Hail’s 2018 book, Interviews: , hosted by Charles Hayden on Real Progressives Superstructure podcast episode MMT Podcast interview with John Harvey on his book Contending Perspectives: Parts and . Other: People and organizations mentioned: and , , Eric Tymoigne’s on New Economics Perspectives Examples of Bill’s work https://i.imgur.com/IlRyEnq.jpg https://i.imgur.com/Bid9vkW.jpg https://i.imgur.com/SLAYS0x.jpg https://i.imgur.com/hNKMq31.jpg https://i.imgur.com/fjinGcY.jpg And finally, the mind-twisting optical illusion (that reminds Bill "of the illusion of government ‘borrowing’ ".) https://i.imgur.com/VGayolB.jpg

"A good knowledge of what happened in 1929 remains our best safeguard against the recurrence of the more unhappy events of those days", wrote John Kenneth Galbraith in The Great Crash 1929 – first published in 1954 and re-published in May 2021 as a Penguin Modern Classic. Written over one summer in the Baker Library at Dartmouth College, the book became an instant best-seller and sales have spiked at every financial crisis since. In The Great Crash 1929, Galbraith, who died in 2006, wrote a pacey and witty classic of clearly written economics for the general reader packed with lessons for today. Some of these are picked out by his son, James Kenneth Galbraith, in his introduction written in the wake of the financial crash in 2008-09. Like his father, James Galbraith is an economist and public intellectual. He holds the Lloyd Bentsen Chair in Government/Business Relations at the LBJ School of Public Affairs and is professor in government at The University of Texas at Austin. *The author's own book recommendations are How China Escaped Shock Therapy: The Market Reform Debate by Isabella M. Weber (Routledge, 2021) and The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes by Zachary Carter (Random House, 2020) Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices

"A good knowledge of what happened in 1929 remains our best safeguard against the recurrence of the more unhappy events of those days", wrote John Kenneth Galbraith in The Great Crash 1929 – first published in 1954 and re-published in May 2021 as a Penguin Modern Classic. Written over one summer in the Baker Library at Dartmouth College, the book became an instant best-seller and sales have spiked at every financial crisis since. In The Great Crash 1929, Galbraith, who died in 2006, wrote a pacey and witty classic of clearly written economics for the general reader packed with lessons for today. Some of these are picked out by his son, James Kenneth Galbraith, in his introduction written in the wake of the financial crash in 2008-09. Like his father, James Galbraith is an economist and public intellectual. He holds the Lloyd Bentsen Chair in Government/Business Relations at the LBJ School of Public Affairs and is professor in government at The University of Texas at Austin. *The author's own book recommendations are How China Escaped Shock Therapy: The Market Reform Debate by Isabella M. Weber (Routledge, 2021) and The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes by Zachary Carter (Random House, 2020) Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/world-affairs

"A good knowledge of what happened in 1929 remains our best safeguard against the recurrence of the more unhappy events of those days", wrote John Kenneth Galbraith in The Great Crash 1929 – first published in 1954 and re-published in May 2021 as a Penguin Modern Classic. Written over one summer in the Baker Library at Dartmouth College, the book became an instant best-seller and sales have spiked at every financial crisis since. In The Great Crash 1929, Galbraith, who died in 2006, wrote a pacey and witty classic of clearly written economics for the general reader packed with lessons for today. Some of these are picked out by his son, James Kenneth Galbraith, in his introduction written in the wake of the financial crash in 2008-09. Like his father, James Galbraith is an economist and public intellectual. He holds the Lloyd Bentsen Chair in Government/Business Relations at the LBJ School of Public Affairs and is professor in government at The University of Texas at Austin. *The author's own book recommendations are How China Escaped Shock Therapy: The Market Reform Debate by Isabella M. Weber (Routledge, 2021) and The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes by Zachary Carter (Random House, 2020) Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

"A good knowledge of what happened in 1929 remains our best safeguard against the recurrence of the more unhappy events of those days", wrote John Kenneth Galbraith in The Great Crash 1929 – first published in 1954 and re-published in May 2021 as a Penguin Modern Classic. Written over one summer in the Baker Library at Dartmouth College, the book became an instant best-seller and sales have spiked at every financial crisis since. In The Great Crash 1929, Galbraith, who died in 2006, wrote a pacey and witty classic of clearly written economics for the general reader packed with lessons for today. Some of these are picked out by his son, James Kenneth Galbraith, in his introduction written in the wake of the financial crash in 2008-09. Like his father, James Galbraith is an economist and public intellectual. He holds the Lloyd Bentsen Chair in Government/Business Relations at the LBJ School of Public Affairs and is professor in government at The University of Texas at Austin. *The author's own book recommendations are How China Escaped Shock Therapy: The Market Reform Debate by Isabella M. Weber (Routledge, 2021) and The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes by Zachary Carter (Random House, 2020) Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

"A good knowledge of what happened in 1929 remains our best safeguard against the recurrence of the more unhappy events of those days", wrote John Kenneth Galbraith in The Great Crash 1929 – first published in 1954 and re-published in May 2021 as a Penguin Modern Classic. Written over one summer in the Baker Library at Dartmouth College, the book became an instant best-seller and sales have spiked at every financial crisis since. In The Great Crash 1929, Galbraith, who died in 2006, wrote a pacey and witty classic of clearly written economics for the general reader packed with lessons for today. Some of these are picked out by his son, James Kenneth Galbraith, in his introduction written in the wake of the financial crash in 2008-09. Like his father, James Galbraith is an economist and public intellectual. He holds the Lloyd Bentsen Chair in Government/Business Relations at the LBJ School of Public Affairs and is professor in government at The University of Texas at Austin. *The author's own book recommendations are How China Escaped Shock Therapy: The Market Reform Debate by Isabella M. Weber (Routledge, 2021) and The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes by Zachary Carter (Random House, 2020) Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/history

"A good knowledge of what happened in 1929 remains our best safeguard against the recurrence of the more unhappy events of those days", wrote John Kenneth Galbraith in The Great Crash 1929 – first published in 1954 and re-published in May 2021 as a Penguin Modern Classic. Written over one summer in the Baker Library at Dartmouth College, the book became an instant best-seller and sales have spiked at every financial crisis since. In The Great Crash 1929, Galbraith, who died in 2006, wrote a pacey and witty classic of clearly written economics for the general reader packed with lessons for today. Some of these are picked out by his son, James Kenneth Galbraith, in his introduction written in the wake of the financial crash in 2008-09. Like his father, James Galbraith is an economist and public intellectual. He holds the Lloyd Bentsen Chair in Government/Business Relations at the LBJ School of Public Affairs and is professor in government at The University of Texas at Austin. *The author's own book recommendations are How China Escaped Shock Therapy: The Market Reform Debate by Isabella M. Weber (Routledge, 2021) and The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes by Zachary Carter (Random House, 2020) Tim Gwynn Jones is an economic and political-risk analyst at Medley Global Advisors. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/intellectual-history

At the end of the 1980s, China's leaders came close to implementing the kind of economic shock therapy reforms that a few years later caused a social and economic catastrophe in the former Soviet Union and much of eastern Europe. A moment of enormous significance for Chinese and world history, Isabella Weber explains how and why China came to the brink of initiating an economic "big bang", and why ultimately the leadership chose to pursue a gradualist process of market reform instead. Later this month Isabella will be taking part in the book's official launch, along with James Galbraith, Branko Milanović and Bin Wong. You can register here if you would like to attend: https://tinyurl.com/4ybec9z2

US President Joe Biden’s public-investment proposal is undoubtedly ambitious – and highly controversial. But it may also be the key to putting the US economy on the path toward a more sustainable, equitable, and prosperous future. Here to help us understand the American Jobs Plan – and the debate surrounding it – is James Galbraith. Galbraith is an economist and professor of government at the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin. He is also the author of Inequality: What Everyone Needs to Know.

Aaron Good teaches at a Quaker high school in Pennsylvania. He invited Daniel Ellsberg to speak to his class via Zoom, and also secretly invited several of Ellsberg's fellow authors or whistleblowers, making the event a surprise tribute to Ellsberg, and a panel discussion of both historic and recent events in the peace movement.   Notes:   Daniel Ellsberg is best-known as the whistleblower who leaked the “Pentagon Papers” to the press, but has also written on the threat posed by nuclear weapons, and on other issues of war and peace.  Peter Kuznick is Professor of History at American University in Washington, DC, and co-author of “The Untold History of the United States.”  Katherine Gun is a British whistleblower who exposed U-S efforts to browbeat other nations into supporting George W. Bush's 2003 invasion of Iraq.  Peter Dale Scott is a retired professor, a former Canadian diplomat, and a prolific author on the 'deep state.'  James Galbraith is Professor of Government at the University of Texas, and a son of the late author John Kenneth Galbraith.  Aaron Good teaches at a Quaker high school in Pennsylvania, holds a doctorate from Temple University, and is a frequent contributor to Project Censored.

Moderate Democratic Senators Now Consider Getting Rid of the Filibuster | A Leading Economist Assesses the $1.9 Trillion American Rescue Plan | Harry and Meghan Use the Tabloids That Have Been Used Against Them backgroundbriefing.org/donate twitter.com/ianmastersmedia facebook.com/ianmastersmedia

General revenue sharing has been described as “paying for teachers in Manhattan and streetlights in Buffalo.” Leading economic and public finance experts James Galbraith, Michael Lind and Martin Luby join Steven Pedigo to talk flexible funding, why successful economic policies lay groundwork for future policy changes, and if a job guarantee is part of the […]

Robert Misik in conversation with James Galbraith The global Covid-19 pandemic has effected a revolution in world economic affairs. The liberal (or more properly, neo-liberal) economic systems of Europe, North America and Latin America have handled the crisis poorly. China, Vietnam, South Korea, Taiwan and Cuba have done remarkably well. Why is this so? What does it portend? James Galbraith argues that it was precisely the most celebrated features of the liberal Western systems – decentralization, post-industrialism, the hegemony of finance and advanced technologies, reliance on markets, willingness to trade public health against economic objectives – that brought them low in the face of the pandemic. Success occurred in those countries that mounted an immediate, centralized public health response, that could effectively lock down in whole or part, that were willing to sacrifice all economic activity temporarily to public health, and that dominated the production of basic manufactures such as personal protective equipment and so were able immediately to underpin behavioral mandates with material capacity. It was a matter, in other words, of whether it was possible to mobilize the whole society to protect public health, or not. Looking forward, the new Biden administration in the United States will launch a large, coordinated public health initiative, together with patchwork fiscal assistance and income support, to get the United States through the immediate crisis. Success is far from certain. And in the aftermath, even if the pandemic is contained over the next year, the American (and European) economic model will face a profound restructuring in three major areas: the advanced sectors, which provide US strength in world trade; the services sectors, which provide the jobs; and the financial sector, as unpayable private debts will have to be written down. James Kenneth Galbraith is an American economist, with a chair at the Lyndon B. Johnson School of Public Affairs, the University of Texas at Austin. He has advised political campaigns in America and governments in China and Greece. He served in the early 1980s as Executive Director of the Joint Economic Committee of the United States Congress. His father, John Kenneth Galbraith, was one of the most celebrated economists of all time, and a participant and adviser in US governments from Roosevelt through Kennedy and Johnson. Robert Misik, Author and Journalist ZOOM Live Talk, February 1, 2021

Welcome to episode 58 of Activist #MMT. Today I talk with Marxist academic and blogger, Jim Kavanagh (Twitter/@). Jim has taught at Princeton, Carnegie Mellon, and Wesleyan Universities. He was also a regular guest on the internet radio show with Brian Becker and John Kiriakou. He is currently an author at and editor at . Jim wrote his , or MMT, in January 2018, only one month before I discovered MMT. His second MMT post was written in September that year, which is how I discovered his work. The post is called and it had a great influence on me in my early learning. It is now the final item in to read for those interested in an introduction to MMT. Jim’s post lays out why the MMT lens is so powerful, by describing in great detail how detrimental the myth of taxpayer money really is. Here's a choice quote from the article: In saying that taxation is not a funding source for government spending, this analysis puts the focus on taxation as a matter of political and social decision – a decision made from a position of power, not dependence. It allows us to make spending decisions without asking the rich for a damn thing. Imagine we’re in a meeting to decide on a new social program (‘cause we are), and there are two possible ways to set the agenda: 1) Let’s figure out how much tax we’ll have to collect from the rich. Or, 2) Let’s ignore those fuckers and do what we want. Which is more radical? To answer that question, you have to understand that the second agenda is possible. The radical possibility of budgetary decision-making independent of the rich is contained in the fact that money is created by a public authority—a fact that fundamentally undermines any “taxation is theft” or “government spending is parasitic” argument. This package holds powerful potential for leftists, if they’ll open it. Right off the bat, for example, it allows you to say: “Abolish payroll taxes!” Not a bad place for progressive class politics to start. Jim’s , which serves as the bouncing off point for our conversation, is on the century-long myth that Social Security can only be viable if its trust funds have sufficiently large numbers written in them. In reality, the trust funds are useless, non-functioning, appendages. This means that eliminating the payroll taxes that feed the trust funds, can only cause problems for Social Security recipients, if our federal representatives want it to cause a problem. There is no inherent connection between the size of the trust funds and the viability of the Social Security program. As University of Texas at Austin economics professor, James Galbraith, says, "The exercise of linking future benefits and projected payroll tax revenues is an accounting farce, done for political reasons." In other words, the Social Security trust funds (in addition to those attached to Medicare and even Bernie Sanders’ proposed Medicare for All) are an entirely-artificial constraint that serve to choke off benefits that could indeed be fully paid, with little to no financial or inflationary concerns. The trust funds also promote the insidious notion that basic human needs can only be met by paying for them. It implies that anyone who can’t pay due to centuries of systemic discrimination, is incorrectly characterized as somehow less deserving of basic human rights. Jim and I also talk about his view of MMT as a Marxist academic. He believes MMT to be an accurate description of how the fiat money system works and that it provides a necessary but incomplete (or not sufficient) basis for a critique of modern capitalism. Unlike mainstream economics, however, MMT doesn’t preclude those more extreme things from happening. As many Marxists believe, Jim wants to take the means of production away from capitalists and place it into the hands of workers. Although MMT’s job guarantee is, in a sense, a patch on our flawed system of capitalism, it is also a huge step towards empowering workers, who can...

Air Date 10/27/2020 Today we take a look at some idea for rebuilding our economy and our society in a way that will help everyone recover from the pandemic and make us more ready for the next emergency we face. Be part of the show! Leave us a message at 202-999-3991 or email Jay@BestOfTheLeft.com  Transcript BECOME A MEMBER! (Get AD FREE Shows & Bonus Content) EPISODE SPONSORS: GROUND.NEWS/BEST IF YOU’RE GOING TO SHOP AMAZON: Amazon USA | Amazon CA | Amazon UK SHOW NOTES Ch. 1: What it would take to end child poverty in America - The Ezra Klein Show - Air Date 8-20-20 Lee and I discuss the psychological impact that poverty has on kids, why investing in children is one of the best investments a society can make, what other countries do right on this front that we can learn from, what it would take to end child poverty. Ch. 2: Care work is more valuable than ever (with Kate Bahn) - Pitchfork Economics with Nick Hanauer - Air Date 10-11-20 Jessyn and Nick tackle the value of care work, the impossibility of finding affordable child care, and the importance of feminist economics with economist Kate Bahn. Ch. 3: The Tragic Cost of American Child Poverty w: Jeff Madrick - The Majority Report w: Sam Seder - Air Date 10-7-20 Economist and author Jeff Madrick joins Sam to discuss his latest book, Invisible Americans: The Tragic Cost of Child Poverty and how coronavirus austerity will further strip the US welfare system. What people should understand about child poverty. Ch. 4: How Democrats Risk Repeating the Mistakes of the Financial Crisis in the Era of Covid-19 - Deconstructed with Mehdi Hasan - Air Date 9-17-20 US economy was spiraling out of control in 2008 and 2009, economist James Galbraith predicted that an insufficiently large stimulus would lead to a prolonged recession; he was right, Today he has a set of economic prescriptions for COVID-19 crisis relief Ch. 5: Check Your Blindspot 10-27-20 America's favorite political game show that uses the Blindspot feature of Ground News to test contestants' political blindspots and media literacy. Ch. 6: Voting Is Not Enough: FINAL PUSH! GOTV & DONATE STRATEGICALLY! - Best of the Left Activism Take action! Click the title and/or scroll down for quick links and resources from this segment. For more, visit Bestoftheleft.com/2020Action. Ch. 7: It’s time to stop relying on crisis legislation (with Lindsay Owens) - Pitchfork Economics with Nick Hanauer - Air Date 8-4-20 Economist Lindsay Owens proposes an alternative plan: a standing, off-the-shelf program to stabilize the economy in the event of an economic emergency. Ch. 8: Rev. William Barber Millions Are Struggling. So Why Do the Debates Ignore Poverty? - Democracy Now! - Air Date 10-8-20 Rev. William Barber says the 2020 election debates have steadfastly ignored the subject of poverty, even though it affected almost half the United States population before the COVID-19 pandemic and millions more people are struggling since then. Ch. 9: Homelessness on the Rise Amid Coronavirus Pandemic - The Takeaway - Air Date 10-1-20 According to the Eviction Lab, in 17 cities that they tracked, there have been more than 53,000 evictions since the pandemic began. Ch. 10: You can’t starve your way out of a recession (with Kitty Richards) - Pitchfork Economics with Nick Hanauer - Air Date 8-14-20 Paul talks to Groundwork Collaborative strategic advisor Kitty Richards about how states can act now to invest in their residents, bolster their economies, and push back against skyrocketing inequality. VOICEMAILS Ch. 11: Be aware and prepared but not panicked - Erin from Philly Ch. 12: American power - Aaron from New Zealand Ch. 13: Are there episodes on explaining socialism? - Alfredo from Frankfort, KY FINAL COMMENTS Ch. 14: Final comments on the completely separate issues of political and economic systems TAKE ACTION! GOTV: Swing Left | Field Team 6 | Vote Save America | Indivisible Swing Left Immediate Impact Fund & Super States (White House, Senate & State Level) DCCC Frontline Fund (Protect Vulnerable House Dems) DCCC Red to Blue (Flip More Red House Seats) EveryDistrict (Flip state legislatures) Democratic Governors Association (Support Incumbents & Flip Red Governorships) EDUCATE YOURSELF & SHARE The Battleground States Biden and Trump Need to Win 270 (The NY Times) How Biden — or Trump — could win 270 electoral votes (Vox) Stop giving your money to presidential campaigns, donate to local races instead (Business Insider) Written by BOTL Communications Director Amanda Hoffman  MUSIC (Blue Dot Sessions): Opening Theme: Loving Acoustic Instrumental by John Douglas Orr  Voicemail Music: Low Key Lost Feeling Electro by Alex Stinnent Activism Music: This Fickle World by Theo Bard Closing Music: Upbeat Laid Back Indie Rock by Alex Stinnent   Produced by Jay! Tomlinson Research: Deon Clark, Erin Clayton Transcripts: Ben, Dan & Ken Visit us at BestOfTheLeft.com SUPPORT THE SHOW Listen Anywhere! Check out the BotL iOS/Android App in the App Stores! Follow at Twitter.com/BestOfTheLeft Like at Facebook.com/BestOfTheLeft Contact me directly at Jay@BestOfTheLeft.com

At the beginning of the pandemic, many in the US seemed to view public health measures like lockdowns and social distancing and economic recovery as a tradeoff. But economist Dr. James Galbraith says this is an incorrect assumption, and that early failures to contain the virus mean the US now has uncontrolled spread and a less resilient economy. Galbraith talks with Dr. Josh Sharfstein about the current state of the US economy, the failure of the government to launch an effective public health response, why another shutdown may be necessary, and what we need to think about to address urgent economic impacts to low-income and minority populations hit hard by the pandemic.

As the US economy was spiralling out of control in 2008 and 2009, economist James Galbraith predicted that an insufficiently large stimulus would lead to a prolonged recession. He was right, and today he has a different set of economic prescriptions to address the economic crisis brought on by Covid-19. If Biden wins, will he listen? Senior politics editor Nausicaa Renner talks to Galbraith about his recent piece for The Intercept. See acast.com/privacy for privacy and opt-out information.

Dr. Cindy Banyai, Democratic Nominee for US House of Representatives Florida 19, discusses the nature of our economy with famed economist Dr. James Galbraith of the University of Texas. Dr. Glabraith insists we need to address the pandemic first then make the right investments to move us forward. **Note: There may be some audio anomalies due to connectivity issues. Our apologies.

What would a Great Depression/World War II-like mobilization of American society look like if we were to attempt to fix our country and society today in the midst of the pandemic? Do we, as Americans, have the will, the ideas, the courage or the leadership to care for the sick, protect the vulnerable, and then, revitalize our economy and fix the ugly aspects of our society that Covid-19 has exposed? Michael discusses these big issues with James K. Galbraith, a scholar, author and one of the pre-eminent economists of our time. Generations ago, when America faced the fallout of the Great Depression and World War II, James' father, John Kenneth Galbraith was the legendary economic thinker who Roosevelt, Truman and Kennedy turned to help steer America and and re-shape the post-war society. ************** Protect Your Online Privacy with ExpressVPN! Get 3 extra months free with 12-month plan (Limited-time offer for Rumble with Michael Moore listeners) https://www.expressvpn.com/rumble ************** During the discussion, the work James' children are doing was mentioned. The music for this episode is a song called "Sicilienne," by Eve Galbraith https://soundcloud.com/user-479110316/sicilienne Eli Galbraith his wife Krista are the couple in Brattleboro, Vermont that have converted their tailoring shop for the transgender community, Shapeshifters Ltd, to medical mask-making to supply the local hospitals. Visit them here: https://twitter.com/ShapeshiftersCB/status/1243336310221344772 Doug Galbraith is a cook in Portland, and has thrown himself into fundraising to get food money out to unemployed service workers in his city. The link is here: https://www.gofundme.com/f/pdx-food-chain *************** Check out some of James Galbraith's books here: https://bookshop.org/lists/rumble-with-michael-moore-guest-books --- Send in a voice message: https://anchor.fm/rumble-with-michael-moore/message

Barr Places a $15 Million Bounty on Maduro While Guatemala Exports Six Times More Cocaine to the US; Practical Advice to Ensure Medical and Civilian Supplies Get to Where They Are Needed; Makers of the New HBO Documentary "After Truth: Disinformation and the Cost of Fake News"

New Integrity Music artist Alisa Turner is no stranger to tragedy. She lost her worship leader Dad to a sudden heart attack when she was a 20-year old aspiring Nashville singer-songwriter, was bedridden for six years with Lymes Disease, and lost her infant son, London, 71 minutes after he was born. Yet, her heart looms large with love for God, worship, and others, and her laughter and smiles are truly infectious. In this deeply personal episode, John Chisum and Alisa dig into how she has managed to stay not only positive, but outright effervescent in the face of such losses and offer to the world an endless sense of hope despite the pain. Her worship is deep and the solid biblical foundations of her life support the profound and powerful messages in her songs. The Integrity Music Press Release says of Turner, “Worship artist Alisa Turner sings with passion and vulnerability. Her songs capture something almost mystical, yet deeply rooted in the hard stuff of the “now and not yet” grit of the everyday. It’s the lilt and innocence in her voice and the heartbreaking, but hopeful truth of her story. That story is inextricably woven throughout her self-titled EP (Integrity Music) in a tapestry of grief, suffering, hope and redemption for which there is only one appropriate response: unfettered, unfiltered worship.” An independent artist for over a decade, Alisa’s debut self-titled album produced by Michael Farren is available now as pre-sale and for downloads August 25th. In this episode, John and Alisa enjoy a candid, warm, and often funny conversation as they talk about: Hot chocolate on hot days (she’s obviously a “choco-holic”) Co-writing with high level songwriters like Word Music writer Tony Wood (29 #1 songs and counting), James Galbraith, Jessica Campbell, and Michael Farren How authentic ministry comes from tremendous tragedy and loss and how to craft songs even in the sorrow What it’s like to be “discovered” as an independent artist and find herself signed to Integrity Music Insights into her songwriting process, melody writing, and co-writing (and why she always takes food to cowrites!) How she thinks about writing melodies to words on the page Why she’s excited about gearing up for her radio concert tour with Greg Sykes And more… For more information on Alisa Turner,visit www.alisaturner.com, or connect with her via Twitter @alisaturner, Instagram @alisaturnermusic and Facebook. Turner’s music is also available at iTunes, Apple Music,  Google Play and Spotify. For more information visit www.nashvillechristiansongwriters.com and join the Successful Christian Songwriters Group on Facebook! Be sure to join NCS MEMBERSHIP today at www.nashvillechristiansongwriters.com  for the finest songwriter resources, coaching, inspiration and information!

James Kenneth Galbraith is the Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at Lyndon B. Johnson School of Business Affairs at The University of Texas at Austin. He directs the University of Texas Inequality Project and is a managing editor of Structural Change and Economic Dynamics. In 2014 he was co-winner, with Angus Deaton, of the Leontief Prize for Advancing the Frontiers of Economics. James has a PhD from Yale University. James Galbraith's books include "Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe" (2016). James is the son of the late John Kenneth Galbraith, renowned economist, public official and diplomat. In this episode we discuss James’ views on the teachings of mainstream economics today, his work on inequality, democracy, the financial crisis of 2008 and the impact it has had on Greece as well as, of course, his father John. Check out the links and books mentioned in this episode over at http://www.economicrockstar.com/jamesgalbraith Support the show for as little as $1 per month over at http://www.patreon.com/economicrockstar

We talk with the creator of the very popular social media group, Worship Leaders Collective, Worship Team Trainer, Jenni McGrew! She shares her story, her passion and her experiences about training-up worship teams.

Today Dustin and James talk about all those pesky little distractions during worship. Is flag waving, pottery and painting true expressions of worship? I mean…really? Can someone be too loud during our praise and worship sets? Are these really distractions to us? Take a listen and let's find out. ----------------- The Worship Podcast is powered by All About Worship in partnership with WeAreWorship. Subscribe to the podcast: theworshippodcast.com linktr.ee/theworshippodcast  You can also connect with The Worship Podcast on social media: The Worship Podcast on Facebook The Worship Podcast on Instagram The Worship Podcast on Twitter

With all of the political chatter about the increasing gap between the rich and poor, no one has emerged to question whether or not this gap is something we should be concerned about.Hosted by the University of Texas at Austin, this debate with Dr. Yaron Brook of the Ayn Rand Institute and Dr. James Galbraith of University of Texas at Austin's Inequality Project addresses the inequality argument.  Dr. Yanis Varoufakis of the LBJ School of Public Affairs moderated.  Recorded April 17, 2014.Like what you hear?  Become a Patreon member, get exclusive content and support the creation of more videos like this! https://www.patreon.com/YaronBrookShow or support the show direct through PayPal: paypal.me/YaronBrookShow.Want more? Tune in to the Yaron Brook Show on YouTube (https://www.youtube.com/user/ybrook). Continue the discussions anywhere on-line after show time using #YaronBrookShow. Connect with Yaron via Tweet @YaronBrook or follow him on Facebook @ybrook and YouTube (/YaronBrook).Want to learn more about Objectivism? Check out ARI at https://ari.aynrand.org.

On this episode of The Worship Podcast, Dustin and James talk about their experience in revival movements, as well as lessons learned and things to consider for your worship experience.  What's the new sound?  Where is the sound of worship headed?  You might be surprised at their answer. ----------------- The Worship Podcast is powered by All About Worship in partnership with WeAreWorship. Subscribe to the podcast: theworshippodcast.com linktr.ee/theworshippodcast  You can also connect with The Worship Podcast on social media: The Worship Podcast on Facebook The Worship Podcast on Instagram The Worship Podcast on Twitter

Amanda Blankenship, Dustin Smith, James Gailbraith and Krissy Nordhoff have some honest conversation about the current culture of the church.

On this episode of The Worship Podcast, Dustin & James talk funny stories from leading worship, break down what community really means in a worship team, and do we really know how to do it effectively?  Worship leaders have to care about people.   Not unlike .... well you'll just have to listen.  Enjoy! ----------------- The Worship Podcast is powered by All About Worship (Dustin Smith & James Galbraith) and WeAreWorship (Morgan Shirey). Subscribe to the podcast: theworshippodcast.com linktr.ee/theworshippodcast  You can also connect with The Worship Podcast on social media: The Worship Podcast on Facebook The Worship Podcast on Instagram The Worship Podcast on Twitter

Today's podcast is a sit down with the hosts of All About Worship, Dustin Smith & James Galbraith, talking about the important of valuing people, over the titles or positions we hold.  God has asked us to be responsible - able to gauge a response - for the people we lead.  Enjoy! ----------------- The Worship Podcast is powered by All About Worship (Dustin Smith & James Galbraith) and WeAreWorship (Wisdom Moon & Morgan Shirey). Subscribe to the podcast: theworshippodcast.com linktr.ee/theworshippodcast  You can also connect with The Worship Podcast on social media: The Worship Podcast on Facebook The Worship Podcast on Instagram The Worship Podcast on Twitter

Krissy appeared on The Worship Podcast recently. We share her conversation with Dustin Smith and James Galbraith here. They discuss women's roles as leaders in church - the struggles, challenges and solutions. A great conversation was started today. More to come...

This week we interview Dustin Smith and James Galbraith of Here Be Lions about their brand new live worship album. They share the story behind the name of the band, as well as a couple of the songs on the album.  The Worship Podcast is powered by All About Worship (Dustin Smith & James Galbraith) and WeAreWorship (Wisdom Moon & Morgan Shirey). Subscribe to the podcast and find the show notes: https://linktr.ee/theworshippodcast  You can also connect with The Worship Podcast on social media: The Worship Podcast on Facebook The Worship Podcast on Instagram The Worship Podcast on Twitter

Dr. James Galbraith was kind enough to join me on the show this week to discuss macroeconomics. We talked about measures of economic output and inequality such as GDP, GINI Coefficient, and Theil Index. Dr. Galbraith also walked me through the broad strokes of Modern Monetary Theory, the national debt and the national deficit. James K. Galbraith holds the Lloyd M. Bentsen Jr. Chair in Government/Business Relations and a professorship of government at the LBJ School of Public Affairs. http://utip.lbj.utexas.edu/ https://lbj.utexas.edu/directory/faculty/james-galbraith https://en.wikipedia.org/wiki/James_K._Galbraith https://www.amazon.com/s/ref=nb_sb_ss_c_1_13?url=search-alias%3Daps&field-keywords=james+k.+galbraith&sprefix=james+k.+galb%2Caps%2C542&crid=2C89HEOOFKBFV

On this episode, Alisa Turner is joined by James Galbraith to talk about the song LIFT MY EYES.

Happy to have Jason back from his million day trip to Scotland, Joshua, and the aforementioned Scot, discuss the very start of thier Islay Tour/Great Islay Swim adventure! You see, there are some movies that have a great prequel. It's true! This is our prequel to our Islay trip and the discovery of the inaugural West Coast Whisky Feis in Oban, Scotland. We talk with Chris Hoban of Raasay Distillery, Ricky Clark of Ardnamurchan, and James Galbraith (one of the organizers of the West Coast Whisky Feis). So, as usual, have a seat, have a pour, and listen in. Unless you're driving. If you're driving, be smart and stay sober but be sure to listen into the conversation! Special thanks to: - Weigh Down for allowing us to use their song "Wooden Monsters" as our theme song- Moana McAuliffe for designing our Podcast Logo- Blue Yeti for making great microphones- RØDE for making *really* great microphones- Olympus and Tascam for making fine mobile recording devices- Joshua Hatton for producing and editing

New Integrity Music artist Alisa Turner is no stranger to tragedy. She lost her worship leader Dad to a sudden heart attack when she was a 20-year old aspiring Nashville singer-songwriter, was bedridden for six years with Lymes Disease, and lost her infant son, London, 71 minutes after he was born. Yet, her heart looms large with love for God, worship, and others, and her laughter and smiles are truly infectious. In this deeply personal episode, John Chisum and Alisa dig into how she has managed to stay not only positive, but outright effervescent in the face of such losses and offer to the world an endless sense of hope despite the pain. Her worship is deep and the solid biblical foundations of her life support the profound and powerful messages in her songs. The Integrity Music Press Release says of Turner, “Worship artist Alisa Turner sings with passion and vulnerability. Her songs capture something almost mystical, yet deeply rooted in the hard stuff of the “now and not yet” grit of the everyday. It’s the lilt and innocence in her voice and the heartbreaking, but hopeful truth of her story. That story is inextricably woven throughout her self-titled EP (Integrity Music) in a tapestry of grief, suffering, hope and redemption for which there is only one appropriate response: unfettered, unfiltered worship.” An independent artist for over a decade, Alisa’s debut self-titled album produced by Michael Farren is available now as pre-sale and for downloads August 25th. In this episode, John and Alisa enjoy a candid, warm, and often funny conversation as they talk about: Hot chocolate on hot days (she’s obviously a “choco-holic”) Co-writing with high level songwriters like Word Music writer Tony Wood (29 #1 songs and counting), James Galbraith, Jessica Campbell, and Michael Farren How authentic ministry comes from tremendous tragedy and loss and how to craft songs even in the sorrow What it’s like to be “discovered” as an independent artist and find herself signed to Integrity Music Insights into her songwriting process, melody writing, and co-writing (and why she always takes food to cowrites!) How she thinks about writing melodies to words on the page Why she’s excited about gearing up for her radio concert tour with Greg Sykes And more... For more information on Alisa Turner,visit www.alisaturner.com, or connect with her via Twitter @alisaturner, Instagram @alisaturnermusic and Facebook. Turner’s music is also available at iTunes, Apple Music,  Google Play and Spotify. For more information visit www.nashvillechristiansongwriters.com and join the Successful Christian Songwriters Group on Facebook! Be sure to join NCS MEMBERSHIP today at www.nashvillechristiansongwriters.com  for the finest songwriter resources, coaching, inspiration and information!

James K. Galbraith is an advisor to former Greek Finance Minister Yanis Varoufakis. He is also a founding member of DiEM25, an economist who writes often for the popular press, and a professor at the University of Texas at Austin. We spoke about the Greek debt crisis, inequality, and U.S. politics.

James K. Galbraith is an advisor to former Greek Finance Minister Yanis Varoufakis. He is also a founding member of DiEM25, an economist who writes often for the popular press, and a professor at the University of Texas at Austin. We spoke about the Greek debt crisis, inequality, and U.S. politics.

James K. Galbraith is an advisor to former Greek Finance Minister Yanis Varoufakis. He is also a founding member of DiEM25, an economist who writes often for the popular press, and a professor at the University of Texas at Austin. We spoke about the Greek debt crisis, inequality, and U.S. politics.

Krissy and Maribeth sit down with Dustin Smith and James Galbraith (DustinSmith.com and HealingIsRight.com) to discuss the challenges of men and women working together in church leadership and worship ministry. Dustin and James discuss the biblical example of Hannah (1 Samuel 1) to demonstrate the empowering work and role women have in church ministry.

James Galbraith professor at the LBJ School of Public Affairs, The University of Texas at Austin, and author of two new books:  Inequality: What Everyone Needs to Know (Oxford) and Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe Marc Sniukas strategic innovation expert and author of “The Art of Opportunity” can discuss three types of growth businesses should consider. Recently, Victoria's Secret and Jawbone restructured their growth initiatives using one of these methods—evolutionary growth For more information go to MoneyForLunch.com. Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter. Need help with your business? Contact Bert Martinez. Have Bert Martinez speak at your event!

James Galbraith and Leo Panitch (the article that launched a thousand righteous polemics) on Greece. The post Behind the News – July 23, 2015 appeared first on KPFA.

Peter Galbraith on Obama’s foreign policy; Jan Leighley on why rich people vote. And Bill Press interviews Senator Bernie Sanders..   President Obama is back from Europe, and former ambassador James Galbraith says he has had a successful foreign policy. Political science professor Jan Leighly explains why the rich vote in greater numbers than the poor, and what they vote for. And Bill Press talks with Senator Bernie Sanders on his new veterans affairs legislation.   Peter Galbraith Diplomat Peter Galbraith says President Obama’s foreign policy has been successful … and that if Hillary Clinton becomes president, she will enter office with more foreign policy experience than anyone in American history. Jan Leighley Voting expert Jan Leighley has a warning for Democrats – it isn’t the rhetoric that will matter in defeating Republicans – it is the organizational efforts and door-to-door campaigning. http://www.american.edu/spa/faculty/leighley.cfm Bernie Sanders Bill Press and his guest, Senator Bernie Sanders, who has introduced legislation to reform the veterans affairs department. http://www.sanders.senate.gov/ Jim Hightower   A bold shift in America's minimum wage debate.

Five years after Lehman Brothers, economist James Galbraith says the financial sector is dysfunctional. And a demographer says your zip code determines your health Five years ago, the collapse of Lehman Brothers set off the biggest economic crisis since the Great Depression. Economist James Galbraith analyzes what we have learned since then. At a time when the gap between rich and poor is at a 100-year high, demographer Phillip Longman finds a direct link between an American’s income and his or her health. And Bill Press talks with Democratic National Committee chairwoman Debbie Wasserman Schultz James K. Galbraith University of Texas economist James K. Galbraith says that five years after the collapse of Lehman Brothers, the economy is starting to slowly come around. http://utip.gov.utexas.edu/JG/ Phillip Longman Health expert Phillip Longman has found that where you live – and how much you make – directly correlates to your health status. http://newamerica.net Debbie Wasserman Schultz Bill Press and his guest, Democratic National Committee chairwoman Debbie Wasserman Schultz http://wassermanschultz.house.gov/ Jim Hightower Finding the money to fund higher education for all.

On April 10, 2013, Liberty Fund and Butler University sponsored a symposium, "Capitalism, Government, and the Good Society." The evening began with solo presentations by the three participants--Michael Munger of Duke University, Robert Skidelsky of the University of Warwick, and Richard Epstein of New York University. (Travel complications forced the fourth invited participant, James Galbraith of the University of Texas, to cancel.) Each speaker gave his own interpretation of the appropriate role for government in the economy and in our lives. This was followed by a lively conversation on the topic moderated by Russ Roberts of Stanford University, host of the weekly podcast, EconTalk. A video of the event along with other materials is available at http://www.econtalk.org/archives/2013/09/capitalism_gove.html .

On April 10, 2013, Liberty Fund and Butler University sponsored a symposium, "Capitalism, Government, and the Good Society." The evening began with solo presentations by the three participants--Michael Munger of Duke University, Robert Skidelsky of the University of Warwick, and Richard Epstein of New York University. (Travel complications forced the fourth invited participant, James Galbraith of the University of Texas, to cancel.) Each speaker gave his own interpretation of the appropriate role for government in the economy and in our lives. This was followed by a lively conversation on the topic moderated by Russ Roberts of Stanford University, host of the weekly podcast, EconTalk. A video of the event along with other materials is available at http://www.econtalk.org/archives/2013/09/capitalism_gove.html .

On April 10, 2013, Liberty Fund and Butler University sponsored a symposium, "Capitalism, Government, and the Good Society." The evening began with solo presentations by the three participants--Michael Munger of Duke University, Robert Skidelsky of the University of Warwick, and Richard Epstein of New York University. (Travel complications forced the fourth invited participant, James Galbraith of the University of Texas, to cancel.) Each speaker gave his own interpretation of the appropriate role for government in the economy and in our lives. This was followed by a lively conversation on the topic moderated by Russ Roberts of Stanford University, host of the weekly podcast, EconTalk. A video of the event along with other materials is available at http://www.econtalk.org/archives/2013/09/capitalism_gove.html .

James Galbraith of the University of Texas and author of Inequality and Instability talks with EconTalk host Russ Roberts about inequality. Galbraith argues that much of the mainstream analysis of inequality in the economics literature is flawed. Galbraith looks at a variety of different measures and ways of analyzing income data. In the podcast he focuses on how much of measured inequality is due to changes in specific counties or industries. Other topics discussed include the state of economics in the aftermath of the Great Recession and the importance of the government safety net and other social legislation.

James Galbraith of the University of Texas and author of Inequality and Instability talks with EconTalk host Russ Roberts about inequality. Galbraith argues that much of the mainstream analysis of inequality in the economics literature is flawed. Galbraith looks at a variety of different measures and ways of analyzing income data. In the podcast he focuses on how much of measured inequality is due to changes in specific counties or industries. Other topics discussed include the state of economics in the aftermath of the Great Recession and the importance of the government safety net and other social legislation.

James Galbraith of the University of Texas and author of Inequality and Instability talks with EconTalk host Russ Roberts about inequality. Galbraith argues that much of the mainstream analysis of inequality in the economics literature is flawed. Galbraith looks at a variety of different measures and ways of analyzing income data. In the podcast he focuses on how much of measured inequality is due to changes in specific counties or industries. Other topics discussed include the state of economics in the aftermath of the Great Recession and the importance of the government safety net and other social legislation.

James K. Galbraith — "James Galbraith Interview" - Alan Minsky (May 27, 2011)Economist James K Galbraith analyzes today’s economy and contrasts it with a sound, and more just, economy.  He also explains why we would need a powerful left to remake the economy in these necessary ways.DownloadJames K. Galbraith's website is: James K. GalbraithSource: Building a Powerful Left in the United StatesAired: 5/027/11 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.

Welcome to Episode 39 of On the Left Podcast.This week we have an inteview by Sam Seder as he interviews James Galbraith. Please enjoy

The Dow's up, but why are Main Street Americans still reeling from last year's economic collapse? With Americans still facing rising unemployment, foreclosures, and declining property values, renowned economist James K. Galbraith on whether we've averted another crisis and how to get help for the middle class.

An interview with James Galbraith author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too. The cult of the free market has dominated economic policy-talk since the Reagan revolution of nearly thirty years ago. Tax cuts and small government, monetarism, balanced budgets, deregulation, and free trade are the core elements of this dogma, a dogma so successful that even many liberals accept it. But a funny thing happened on the bridge to the twenty-first century. While liberals continue to bow before the free-market altar, conservatives in the style of George W. Bush have abandoned it altogether. That is why principled conservatives - the Reagan true believers - long ago abandoned Bush. Galbraith first dissects the stale remains of Reaganism and shows how Bush and company had no choice except to dump them into the trash. He then explores the true nature of the Bush regime: a "corporate republic," bringing the methods and mentality of big business to public life; a coalition of lobbies, doing the bidding of clients in the oil, mining, military, pharmaceutical, agribusiness, insurance, and media industries; and a predator state, intent not on reducing government but rather on diverting public cash into private hands. In plain English, the Republican Party has been hijacked by political leaders who long since stopped caring if reality conformed to their message. Galbraith follows with an impertinent question: if conservatives no longer take free markets seriously, why should liberals? The real economy is not a free-market economy. It is a complex combination of private and public institutions, including Social Security, Medicare and Medicaid, higher education, the housing finance system, and a vast federal research establishment. The real problems and challenges -- inequality, climate change, the infrastructure deficit, the subprime crisis, and the future of the dollar -- are problems that cannot be solved by incantations about the market. They will be solved only with planning, with standards and other policies that transcend and even transform markets. Galbraith teaches economics and a variety of other subjects at the Lyndon Johnson School of Public Affairs. He directs the University of Texas Inequality Project, an informal research group at the LBJ School, is a Senior Scholar of the Levy Economics Institute, and is chair of Economists for Peace and Security, a global professional association.