Podcasts about naked capitalism

Here's a polished episode description based on Michael Hudson's blog post:

Political analyst and Author Dean Henderson joins the program to discuss his deep research into the bloodline families that have controlled the world, according to Henderson, since the times of ancient Sumeria. He explains the connects in old transcripts including the dead sea scrolls, the Sumerian tablets, and the Bible. He connects ancient history to modern day. You can follow his work on Substack at https://deanhenderson.substack.com/ or purchase his books at https://www.amazon.com/stores/Dean%20Henderson/author/B008E6QB5K   Links mentioned in the show: Learn more about Leela's Quantum Tech at https://bit.ly/3iVOMsZ or at https://SarahWestall.com/shop BrighteonUniversity: Purchase Mind Control and 5th Generation Warfare series at https://BrightUniversity.com Miles Franklin: Learn more how you can convert your IRA or buy precious metals by emailing info@MilesFranklin.com - tell them ‘Sarah sent me” and get the best service and prices in the country. Consider subscribing: Follow on Twitter @Sarah_Westall Follow on my Substack at SarahWestall.Substack.com See Important Proven Solutions to Keep Your from getting sick even if you had the mRNA Shot - Dr. Nieusma MUSIC CREDITS: “In Epic World” by Valentina Gribanova, licensed for broad internet media use, including video and audio       See on Bastyon | Bitchute | Brighteon | Clouthub | Odysee | Rumble | Youtube | Tube.Freedom.Buzz     Dean Henderson Biography Dean Henderson is a world-renowned political analyst, historian, and author of seven books, including his best-seller, Big Oil & Their Bankers in the Persian Gulf. Among the early truth-tellers to be ghosted and deplatformed by social media giants like Facebook and Twitter, Dean's Left Hook blog had millions of views when it was deleted by the NSA in 2014 and again in 2019 by Wordpress without explanation. Despite decades of threats and harassment, Henderson has never wavered from his life-long commitment to revealing the evils of the worldwide oligarchy. After a 3-year absence from the web, Dean has begun re-posting his Left Hook archives on Substack. In 2023, Dean published his seventh book, Royal Bloodline Wetiko & The Great Remembering. Raised on a multi-generational farm in South Dakota, Dean's politics were influenced by the Farm Crisis in the 80s and a trip to war-torn Nicaragua with Witness for Peace in 1985. He earned a Bachelors degree from the University of South Dakota and a Masters Degree from the University of Montana, where he began writing as a columnist for the Montana Kaimin and married his wife Jill. A rebel from an early age, Dean took part in many political and social actions during his college days, summing up his views with hard raucous jabs at the reigning oligarchy of the day in his radical “zine”, The Missoula Paper. In 2004, Dean won the Democratic primary for Congress in Missouri's 8th District and a year later published his first book, Big Oil & Their Bankers… In 2018, he delivered a speech entitled All Roads Lead to the City of London as part of the Confronting Oligarchy: Resisting Full Spectrum Dominance panel at the Deep Truth Conference in New York City. Over the course of his 30-year career, Dean's work has been published in hundreds of print and online magazines and websites including Multinational Monitor, In These Times, Paranoia, Info Wars, Save the Males.ca, Global Research.ca, Zero Hedge, Naked Capitalism, Rense Radio, Tactical Talk with Zain Khan, The Richie Allen Show, David Icke's Ickonic, Press TV, RT News, Russia Channel 1, The Syria Times. His books have been translated into German, Russian and Turkish.  

Full funding to give every child a brighter future.  Naked capitalism - for profit charter school grifting. News from the UK as an election looms - removing charitable staus on private schools stirs up the conservative hornets nest. US- chaplains in public schools?!Great State School of the week- Whittlesea Primary SchoolPlease help us reach our radiothon target of $4500 by visiting -www.3cr.org.au/donatewww.adogs.info

Noah Smith & Brad DeLong Record the Podcast We, at Least, Would Like to Listen to!; Aspirationally Bi-Weekly (Meaning Every Other Week); Aspirationally an hour...Key Insights:* A number of years ago, Brad DeLong said that it was time to “pass the baton” to “The Left”. How's that working out for us? #actually, he had said that we had passed the baton—that the absence since January 21, 2009 (or possibly January 21, 1993) of Republican negotiating partners meant that sensible centrism produced nothing—that Barack Obama had proposed John McCain's climate policy, Mitt Romney's health care policy, George H.W. Bush's entitlement-and-budget policy, Ronald Reagan's tax policy, and Gerald Ford's foreign policy, and had gotten precisely zero Republican votes for any of those. Therefore the only choice we had was to pass the baton to the Left in the hopes that they could energize the base and the disaffected to win majorities, and then offer strong support where there policies were better than the status quo.* But my major initial take was that the major task was to resurrect a sensible center-right, in which I wished the Niskanen Center good luck, but was not optimistic.* But everyone heard “Brad DeLong says neoliberals should ‘bend the knee'” to THE LEFT…* That is interesting…* Should neoliberals bend the knee?* How has the left been doing with its baton? Not well at all, for anyone who defines “THE LEFT” to consist of former Bernie staffers who regard Elizabeth Warren as a neoliberal sellout.* It has, once again, never missed an opportunity to miss an opportunity. * But the conditions that required passing the baton to the left—High Mitch McConnellism, Republican unity saying “NO!” to everything by every Republican to make the Black president look like a weak failure—no longer hold.* And the principal adversaries to good governance and a bright American future are reactionary theocrats, neofascist grifters, and true-believer right-neoliberals to the right and cost-disease socialists to the left.* But in the middle, made up of ex-left-neoliberals and nearly all other right-thinking Americans, are we supply-side progressives.* Instead, there is a governing coalition, in the Senate, composed of 70 senators, 50 Democrats and 20 Republicans, from Bernie Sanders through J.D. Vance—a supply-side progressive or supply-side Americanist coalition.* It is therefore time to snatch the baton back, and give it to the supply-side progressivist policy-politics core, and then grab as many people to run alongside that core in the race as we possibly can.* The Niskanen Center cannot be at the heart of the supply-side progressivist agenda because they are incrementalists and critics by nature.* The principal business of “Leftist” activists over the past five years really has been and continues to be to try to grease the skids for the return of neofascism—just as the principal business of Ralph Nader and Naderites in 2000 was to grease the skids for upper-class tax cuts, catastrophic financial deregulation, and forever wars.* &, as always, HEXAPODIA!References:* Beauchamp, Zack. 2019. "A Clinton-Era Centrist Democrat Explains Why It's Time to Give Democratic Socialists a Chance." Vox. March 4, 2019. .* Black, Bill. 2019. "Brad DeLong's Stunning Concession: Neoliberals Should Pass the Baton & Let the Left Lead." Naked Capitalism. March 5. .* DeLong, J. Bradford. 2019. “David Walsh went to the Niskanen Center conference. He got hives…” Twitter. February 25. .* DeLong, J. Bradford. 2019. "Carville & Hunt: Two Old White Guys Podcast." Brad DeLong's Grasping Reality. March 11. .* DeLong, J. Bradford. 2019. "I Said 'Pass the Baton' to Those Further Left Than I, Not 'Bend the Knee.'" Brad DeLong's Grasping Reality. March 27. .* Elmaazi, Mohamed. 2019. "Famous Neoliberal Economist Says Centrism Has Failed." The Canary. March 15, 2019. .* O'Reilly, Timothy. 2019. "This Interview with Brad DeLong is Very Compelling." LinkedIn. .* Douthat, Ross. 2019. "What's Left of the Center-Left?" New York Times. March 5. .* Drum, Kevin. 2019. "A Neoliberal Says It's Time for Neoliberals to Pack It In." Mother Jones. March 5. .* Hundt, Reed, Brad DeLong, & Joshua Cohen. 2019."Neoliberalism and Its Discontents." Commonwealth Club. March 5. .* Konczal, Mike. 2019. "The Failures of Neoliberalism Are Bigger Than Politics." Roosevelt Institute. March 5. .&* Vinge, Vernor. 1999. A Deepness in the Sky. New York: Tor Books. . Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe

Nick Corbishley discusses the most important issue of our day: the deployment of digital identity programs which by their own admission can "open up" or "close off" the digital and analog world to individuals. The EU is at the forefront of introducing Digital ID and helping other regions around the world do the same. Brussels insists they will be voluntary yet countries like Greece are already making them mandatory. We're talking about a new social contract in which the public has ever decreasing influence over their own lives. The EU is actively anti-democratic in its very essence, which is how it was designed. Multipolarity is a nice idea, but these governments are much further along the road toward killing cash and launching CBDCs. The U.S. and NATO are positioning in Latin America via countries like Argentina to keep regional powerhouses like Brazil in check. Location will be important for surviving the Digital Dictatorship, however, there is some hope because of the hubris and incompetence of the elite. Watch on BitChute / Brighteon / Rokfin / Rumble / Substack Geopolitics & Empire · Nick Corbishley: Digital Identity Can Close Life Off For Individuals #421 *Support Geopolitics & Empire! Become a Member https://geopoliticsandempire.substack.comDonate https://geopoliticsandempire.com/donationsConsult https://geopoliticsandempire.com/consultation **Visit Our Affiliates & Sponsors! Above Phone https://abovephone.com/?above=geopoliticseasyDNS (use code GEOPOLITICS for 15% off!) https://easydns.comEscape The Technocracy course (15% discount using link) https://escapethetechnocracy.com/geopoliticsPassVult https://passvult.comSociatates Civis (CitizenHR, CitizenIT, CitizenPL) https://societates-civis.comWise Wolf Gold https://www.wolfpack.gold/?ref=geopolitics Websites X https://twitter.com/NickCorbishley Website https://nickcorbishley.com Scanned: Why Vaccine Passports and Digital IDs Will Mean the End of Privacy and Personal Freedom http://www.chelseagreen.com/product/scanned Greece Just Gave a Glimpse of How the EU's “Voluntary” Digital ID Wallet Will Gradually Become Mandatory https://www.nakedcapitalism.com/2024/04/greece-just-gave-a-glimpse-of-how-eus-strictly-voluntary-digital-id-wallet-will-gradually-become-mandatory.html About Nick Corbishley Nick Corbishley is a writer, journalist, teacher, and translator based in Barcelona. Formerly a senior contributing editor at the San Francisco–based economics and finance news site Wolf Street, he is currently a regular contributor to the US financial news and analysis blog Naked Capitalism, where he writes about financial, economic, and political trends and developments in Europe and Latin America. He also worked for many years at a well-respected business journal in Spain. Nick is an occasional speaker (in English or Spanish) on economic, political, and geopolitical topics. Nick holds a BA in history from Sheffield University, speaks three languages (English, French, and Spanish) and is a regular visitor to his beloved country-in-law, Mexico. *Podcast intro music is from the song "The Queens Jig" by "Musicke & Mirth" from their album "Music for Two Lyra Viols": http://musicke-mirth.de/en/recordings.html (available on iTunes or Amazon)

Google provides an early, scary test case for mechanized suppression by threatening a popular economics site with demonetizationwww.Racket.news This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.racket.news/subscribe

Nick Corbishley discusses his book "Scanned" and gives an overview of the evolution of the Vaccine Passport and how it is morphing into a Digital ID and Social Credit System whose endgame is a Digital Gulag which will demand total obedience from the citizenry. He discusses the creation of a two-tiered or apartheid system where the unvaccinated were dehumanized and ostracized. He discusses the unconstitutional nature of these measures, how little courts have pushed back, and incredibly how the population by and large has gone along with this tyranny. The addition of CBDCs to the Digital Passports creates the perfect control grid. We discuss Plan B locations and escape from dystopia. He agrees that crypto could be the perfect Trojan horse and way of conditioning people to accept digital money as well as diverting investment away from real assets (e.g. gold). Watch on BitChute / Brighteon / Rokfin / Rumble Geopolitics & Empire · Nick Corbishley: The Vaccine Passport Will Lead to a Global Digital Gulag #307 *Support Geopolitics & Empire! Become a Member https://geopoliticsandempire.substack.comDonate https://geopoliticsandempire.com/donationsConsult https://geopoliticsandempire.com/consultation **Visit Our Affiliates & Sponsors! Above Phone https://abovephone.com/?above=geopoliticseasyDNS (use code GEOPOLITICS for 15% off!) https://easydns.comEscape The Technocracy course (15% discount using link) https://escapethetechnocracy.com/geopoliticsPassVult https://passvult.comSociatates Civis (CitizenHR, CitizenIT, CitizenPL) https://societates-civis.comWise Wolf Gold https://www.wolfpack.gold/?ref=geopolitics Websites Twitter https://twitter.com/NickCorbishley Website https://nickcorbishley.com Scanned: Why Vaccine Passports and Digital IDs Will Mean the End of Privacy and Personal Freedom http://www.chelseagreen.com/product/scanned About Nick Corbishley Nick Corbishley is a writer, journalist, teacher, and translator based in Barcelona. Formerly a senior contributing editor at the San Francisco–based economics and finance news site Wolf Street, he is currently a regular contributor to the US financial news and analysis blog Naked Capitalism, where he writes about financial, economic, and political trends and developments in Europe and Latin America. He also worked for many years at a well-respected business journal in Spain. Nick is an occasional speaker (in English or Spanish) on economic, political, and geopolitical topics. Nick holds a BA in history from Sheffield University, speaks three languages (English, French, and Spanish) and is a regular visitor to his beloved country-in-law, Mexico. *Podcast intro music is from the song "The Queens Jig" by "Musicke & Mirth" from their album "Music for Two Lyra Viols": http://musicke-mirth.de/en/recordings.html (available on iTunes or Amazon)

Welcome to Gorilla Radio, recorded July 13th and 16th, 2022. The late, and truly great, British playwright, Harold Pinter summed up the age in his 2005 Nobel Prize for Literature acceptance speech. Delivered dramatically via video stream - something not so common then - and at the height of America's military demolition of Iraq . The terminally ill Pinter spent most of his thirty two and a half minute address addressing the profoundly ignorant state in which We the people exist, and how we blithely allow the horrors of our times be committed in our name. Who hearing that speech could forget his hoarsely stentorian remonstration of the Bush claque and its cowardly coalition's willful crimes? "It never happened. Nothing ever happened. Even while it was happening it wasn't happening. It didn't matter." Seventeen years later, and millions killed, maimed, dispossessed and made desperate the lying and killing continues apace. Pinter would be unsurprised, because as he said then, for the powerful, "... it is essential that people remain in ignorance, that they live in ignorance of the truth, even the truth of their own lives." And so it is in Canada today, as we march towards another global war, standing on guard in ignorance. Yves Engler is a Montréal-based activist, and author of 12 books, mostly on Canadian foreign policy, including his latest, ‘Stand on Guard For Whom? A People's History of the Canadian Military'. He's also a prolific essayist whose many articles appear at numerous sites online, including at his website, YvesEngler.com, where his recent article, 'Is It Time for Canada to Apologize to Libya?' appears. Yves Engler in the first half. And; what's old is news again: Inflation, the economy's nemesis so long thought slain has resurfaced, its dragon's teeth popping up in balance sheets and union negotiation positions, and most scarily, ravishing family budgets the World over. Yves Smith is a Harvard Business School grad, blogger, and author whose investment banking and management career has intersected all the biggest names on Wall Street. In late 2006, seeing the financial ice bergs on the horizon and frustrated by the "obvious under-reporting...of the risk in all credit instruments" she started Naked Capitalism in an effort to "promote critical thinking through the medium of a finance and economics blog." Her 2010 book, 'ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism' followed, dissecting the "obvious" and inevitable 2008 financial disaster and the dismal Obama administration reaction to it. Yves' has also written articles for many major publications, appeared on US network television and alternative online news programs like The Real News, Democracy Now, and the now-banned RT. Her recent article at Naked Capitalism, 'The G-7 is Still Pushing Its Nutty Russia Oil Price Cap Idea' reveals how at sea the West is in what is rapidly emerging as a truly New (economic) World Order. Yves Smith and the stark state of a capitalist system in crisis in the second half. But first, Yves Engler and "the considerable bearing of the truth on where the World stands now". Chris Cook hosts Gorilla Radio, airing since 1998; in Victoria at 101.9FM, and on the internet at: cfuv.ca.  Check out the GR blog at: http://gorillaradioblog.blogspot.com/

Please support our Patreon.  For early and ad-free episodes, members-only content, and more.Scott Ferguson (@videotroph) is an associate professor of film & media studies in the Department of Humanities & Cultural Studies at the University of South Florida. He is an editor for the Money on the Left Editorial Collective and serves as a research scholar at the Global Institute for Sustainability Prosperity. His writings have appeared in Screen, Boundary 2 Online, Arcade, Monthly Review Online, Qui Parle, CounterPunch, Liminalities, Naked Capitalism, Radical Political Economy (URPE), Dollars & Sense, Tropics of Meta, In the Moment (Critical Inquiry), Rebelion, & Contexto y Accion. His book Declarations of Dependence: Money, Aesthetics and the Politics of Care was published by the University of Nebraska Press in 2018.Abandon all hope ye who subscribe here.   Crew:Host: C. Derick VarnAudio Producer: Paul Channel Strip  ( @aufhebenkultur )Intro and Outro Music by Bitter Lake.Intro Video Design: Jason MylesLinks and Social Media:twitter: @skepoetFacebookYou can find the additional streams on Youtube Support the show

Tonight on the Progressive Commentary Hour: Nick Corbishley      Nick Corbishley is an investigative journalist, author, international lecturer and translator specializing in global finance, economics and geopolitical issues -- primarily focused on Europe and Latin America -- global finance and economics. Earlier he was a senior contributing editor at the finance news site Wolf Street and now is a regular contributor to the financial analysis site Naked Capitalism. Nick is the author of "Scanned: Why Vaccine Passports Will Mean the End of Privacy and Personal Freedom," which links many of the fears people have with vaccination status surveillance with the larger agenda of social control. Now living in Barcelona Spain, Nick grew up in the UK and graduated from Sheffield University. His website is NickCorbishley.com

This week I spoke with Nick Corbishley, writer, journalist, teacher, and translator. He is author of Scanned: Why Vaccine Passports and Digital IDs Will Mean the End of Privacy and Personal Freedom; he also writes for the online blog “Naked Capitalism.” In this episode Nick enlightens us about the long-standing plans to introduce Digital IDs to every citizen in the world by 2030 (plans that pre-dated the pandemic). We discuss the push towards biometric control of populations, the power of the World Economic Forum, and the ties our global leaders have with this entity. Are we sleepwalking into a tech-enabled tyranny? Who is in control? What does this mean for the ordinary citizen?More Info:Naked Capitalism: https://www.nakedcapitalism.com/author/nick-corbishleyNick's Book “Scanned”: https://www.chelseagreen.com/product/scanned/My meditation podcast, Above the Noise, is out now, only on Luminary. I release guided meditations every Wednesday. Please check it out: http://luminary.link/meditateElites are taking over! Our only hope is to form our own. To learn more join my cartel here https://www.russellbrand.com/join and get weekly bulletins too incendiary for anything but your private inbox. (*not a euphemism)Subscribe to my YouTube channel, I post four videos a week including video clips from these episodes!  https://www.youtube.com/russellbrandSubscribe to my YouTube side-channel for more wellness and spirituality: https://www.youtube.com/c/AwakeningWithRussellInstagram:http://instagram.com/russellbrand/Twitter: http://twitter.com/rustyrockets

This week I spoke with Nick Corbishley, writer, journalist, teacher, and translator. He is author of Scanned: Why Vaccine Passports and Digital IDs Will Mean the End of Privacy and Personal Freedom; he also writes for the online blog “Naked Capitalism.” In this episode Nick enlightens us about the long-standing plans to introduce Digital IDs to every citizen in the world by 2030 (plans that pre-dated the pandemic). We discuss the push towards biometric control of populations, the power of the World Economic Forum, and the ties our global leaders have with this entity. Are we sleepwalking into a tech-enabled tyranny? Who is in control? What does this mean for the ordinary citizen? More Info: Naked Capitalism: https://www.nakedcapitalism.com/author/nick-corbishley Nick's Book “Scanned:" https://www.chelseagreen.com/product/scanned/ My meditation podcast, Above the Noise, is out now, only on Luminary. I release guided meditations every Wednesday. Please check it out: http://luminary.link/meditate Elites are taking over! Our only hope is to form our own. To learn more join my cartel here https://www.russellbrand.com/join and get weekly bulletins too incendiary for anything but your private inbox. (*not a euphemism) Subscribe to my YouTube channel, I post four videos a week including video clips from these episodes!  https://www.youtube.com/russellbrand Subscribe to my YouTube side-channel for more wellness and spirituality: https://www.youtube.com/c/AwakeningWithRussell Instagram: http://instagram.com/russellbrand/ Twitter:  http://twitter.com/rustyrockets

Nick Corbishley is a British journalist with a global perspective who specialises in breaking news, finance, and politics. He is currently a regular contributor to the US financial news and analysis blog Naked Capitalism, where he writes about financial, economic, and political trends and developments in Europe and Latin America. He is the author of the new book 'Scanned: Why Vaccine Passports and Digital IDs Will Mean the End of Privacy and Personal Freedom'.Follow Zuby - https://twitter.com/zubymusicFollow Nick -  https://twitter.com/NickCorbishleySubscribe to the 'Real Talk With Zuby' podcast on Apple Podcasts, Spotify & more - https://fanlink.to/zubypodcastSupport Zuby on Patreon - https://www.patreon.com/zubymusicSpecial thanks to GOLD TIER Patreon members: Andrea Mucelli, Edwin Chiang, Libbie Richardson, Matt Gallagher, Matthew Steinfeld, Paul Pugh, Mondo, Todd Weyl, Destiny Hillhouse, OnlineBookClub.org Website - https://www.zubymusic.com/Online Store - https://teamzuby.com/'Strong Advice: Zuby's Guide to Fitness For Everybody' eBook - https://zubymusic.gumroad.com/l/zubyfitness

#355 —Nick Corbishley is the author of Scanned: Why Vaccine Passports, Mandates, Digital IDs Will Mean the End of Privacy and Personal Freedom. He's been an editor at Wolf Richter's Wolf Street website and currently writes for Naked Capitalism on finance, economics, and politics. He lives in Barcelona, Spain. The KunstlerCast theme music is the beautiful Two Rivers Waltz written and performed by Larry Unger.

Welcome to episode 72 of Activist #MMT. Today I talk with Texas Christian University PhD. economics professor and Cowboy Economist, John Harvey. The topic of our conversation is exchange rate determination. However, be forewarned that this episode is not an introduction but a deep dive into the weeds of John’s 2009 textbook, Currencies, Capital Flows, and Crises. For a proper introduction, you’ll find links in the show notes to several good recommendations, including two MMT Podcast episodes (December 2020 with John, and October with Steven Hail), John’s August 2020 lecture with Modern Money Australia, a 2012 interview on the economics blog Naked Capitalism, and a layperson-friendly 2004 book by psychologist Thomas Oberlechner. (Here is a link to part two of my interview with John.) This interview took three months of preparation. When I first read John‘s book, I only made it halfway through and, in all honesty, aside from the introduction, I got very little out of it. John’s writing has nothing to do with it, it’s simply an intense and completely (if you’ll forgive the pun) foreign topic. Chapter two, especially, was impenetrable. It’s a summary of the major exchange rate models in neoclassical economics and frankly made zero sense. I took a nap after every few paragraphs and watched videos on each type of model, but none of it felt relevant. (John briefly goes over this chapter in his August 2020 lecture.) I started the book over again and grew fascinated by a five page section in chapter one called Post Keynesian Economics. You’ll find it on pages five to nine. The section is an introduction to post Keynesianism and specifically how it contrasts with neoclassicism (the latter of which is currently mainstream economics). Without exaggeration, I read the section around twenty times and wrote pages of notes and questions, several of which I posted on the Facebook group, Intro to MMT (which, I wasn’t then, but am now, a moderator of… and I recommend you join it). I spent the next two months diving into the basics of mainstream economics, starting with a 2019 paper expressing the common concern for the long-term fiscal sustainability of government spending, and its corresponding debt and interest. I then read and interviewed the authors of the 2020 paper responding to it, by German MMT economist Dirk Ehnts and Danish PhD. candidate Asker Voldsgaard. I also read a paper on historical time as recommended by Asker, and a 2006 paper by Scott Fullwiler. The interview inspired a post where I break down the topic in detail: The long-term fiscal sustainability of government spending (is a non-issue) I then read Steve Keen’s 2011 book, Debunking Economics, second edition. I didn’t understand much more than I did understand, but it was fascinating and enlightening nonetheless. It also provided excellent background for my next interview with UMKC PhD economics candidate Sam Levey, with whom I discussed the core assumptions of mainstream economics [parts one and two]. Links to all of these papers, posts, and interviews can be found in the show notes. [The interviews with Ehnts, Voldsgaard, and Levey will be released to the public in February. Patrons of Activist #MMT can hear them right now.] Before returning to John’s book, I read several papers by John and Ilene Grabel, plus the 2004 book by Oberlechner, called The Psychology of the Foreign Exchange Market. I especially recommend Oberlechner’s book as a layperson introduction to exchange rate determination. It’s particularly easy-to-read and also comes highly recommended by John. As is made clear in Oberlechner’s book, one of, if not the, most important determinant in the reality of exchange rates is group psychology. Finally, I read John‘s book straight through, beginning to end. This time, I was better prepared to distinguish between what to discard and what to focus on. Re-reading chapter two, I now realize that it’s less that I didn’t understand it and more that it’s just not understandable. You would not lose much from skipping the chapter entirely. Its primary benefit is not to learn about foreign exchange but to provide a benchmark for just how far off mainstream is from reality. The other major lesson I take from John‘s book is that people do not want only to trade – meaning purchase physical goods and services from a company in another country – actual human beings want to accumulate financial assets, and especially, to profit in the short term. Neoclassical economics assumes people only want to purchase stuff (meaning trade), and the only reason they need and want to use money is in order to purchase that stuff. But in the world in which we actually live, only between 1.5 to 8% of all international transactions are for trade. The rest, well over 90%, is for purely-financial assets. Despite this obvious contradiction by the facts, minstream economics assumes barter for every person, in every country, at all times. In fact, the assumption of barter is required in order for their assumption of balanced trade (either right now or soon to be) to also be true. And that assumption, of balanced trade, is required in order for the assumption of full employment in a single country (any country!) to also be true. In other words, if the myth of barter is indeed a myth (and it is indeed a myth), then mainstream economics falls apart. John and I discuss this in part one, and it inspired me to write a post where I elaborate on the concept, a link to which can be found in the show notes: The neoclassical assumption of full employment requires balanced trade. If we are to be a civilized society, then we must do what it takes to achieve full employment. Mainstream economics falsely assumes that doing nothing is the only possible avenue to achieving it. MMT demonstrates that full employment can only be attained and maintained, in both good times and bad, by a federally-funded jobs guarantee; one paid for by a currency issuer with a freely-floating currency and little to no debt and other currencies. Despite mainstream’s protestations, full employment doesn’t and can’t happen "naturally." It can only happen with the deliberate and ongoing intervention by the central government – and this will only happen when we stand up and make them do it. Two notes before we get started: first, a minor correction: I say that "today’s" exchange rates are determined by the forecast for next week’s exchange rates. I should have said tomorrow. Second, my full question list can be found in the show notes. And now, onto my conversation with John Harvey. More resources By John: Lecture notes: Exchange Rates and Trade Flows:A Post Keynesian Analysis 1996 paper, Orthodox Approaches to Exchange Rate Determination: A Survey 2001 paper, Exchange Rate Theory and "the Fundamentals" By Ilene Grabel (her website): 2016 paper, CAPITAL CONTROLS IN A TIME OF CRISIS 2011 paper, Not your grandfather's IMF: global crisis, ‘productive incoherence’ and developmental policy space 2003 paper by Grabel, Gerald Epstein, and Jomo Kwame Sundaram, Capital management techniques in developing countries: An assessment of experiences from the 1990's and lessons for the future Other academics recommended by John to learn more about exchange rate determination: Anina Kaltenbrunner, Rogerio Andrade, and Daniela Prates Full question list First things first! Today is a red letter day in the history of exchange rate determination. (brief Battle of the Bulge summary) Before discovering MMT, I never followed or read about economics. Before discovering your work, I never followed or read about foreign exchange. In my ignorance, coupled with how simplistically it seems to be portrayed in the media (such as "China and the United States trade lots of stuff"), I thought that foreign exchange was only trade (which is the exchange of physical goods and services). I also thought that this trade was mostly done directly between two central governments. But the very existence of exchange rates and currency exchange at all, suggests that exchange actually happens, at least substantially, between companies within two different countries. Governments don’t need their own currency! Companies do. So a company in country M (M for import) wants to purchase something from a company in country X (X for export). So company M needs currency from country X, before it can do business with company X. This is not really a question, but I found the opening pages of your book to be pretty eye-opening, and I suspect my ignorance is not unique among the general public. The trading of goods and services is only about 1.5 to 8% of all International transactions. The rest is the trade of financial assets. On page 2 in your book you quote a 2005 BIS survey that says the average daily currency transactions worldwide was about $1.5 trillion. This is around 40 times the value of daily trade. In the show notes, I put a link to a 2019 tweet from Scott Fullwiler that refers to an interview, where it’s stated that $5 trillion of settlements are made each day in the Federal Reserve system in the United States. I don’t remember which one, unfortunately, but Scott also states in a paper that it may be actually between five and $20 trillion per day. Obviously the data quoted in your book is from 15 years earlier, but I’m shocked that the whole planet is only $1.5 trillion when the US alone is $5 trillion. Are these numbers comparable? Regarding a single nation: A major assumption of mainstream economics is that full employment is here now or soon will be. A critical assumption underlying that is that people (households) are insatiable and will spend every dollar of their income on consumer goods and services. This maximizes aggregate demand, which means companies always need to hire more, hence full employment. A critical assumption underlying this is that all of the spending stays within that country. If even one dollar more leaves the country than comes back in, then total demand is lowered and full employment is put in jeopardy. This is why the assumption of balanced trade, either right now or soon will be, is what you call "one of the legs by which the full employment assumption is maintained." Each country must be a perfectly self-contained, hermetically-sealed bubble, or mainstream theory falls apart. Can you elaborate on this connection, and also briefly describe the other legs that undergirds mainstream’s assumption of full employment? One of the most important determinants of exchange rates is group psychology. There’s a great moment in your book discussing how the most important determinant of today’s exchange rate is today’s forecast for next week’s rate (or however far into the future). So the idea that your forecast of next week affects next week’s actual rate is mostly an illusion. And by the time next week rolls around, you don’t care about those actual results anymore! In other words, the expectations are self-fulfilling prophecies. Expectations create the future. Mainstream or neoclassical economics primarily evaluates this situation by comparing those expectations about future values to the actual future values. This is not useful because (A) it pretends the result is unaffected by the expectations (which is called logical time where PK has historical time) (B) Conversely, it suggests that next time maybe we could predict the future. (C) It pretends (I’m not sure how to elegantly say this) that, as if flipping heads five times in a row then makes flipping tails five times in a row more likely and (D) it distracts you from trading and forming expectations in the now! Post Keynesian focuses exclusively on the process of forming those expectations. Can you elaborate on this difference? (I read Oberlechner‘s book. It was very good and in my opinion very layperson friendly. I don’t know why it only addressed foreign exchange since it seems to me that almost all its findings apply just as much to traders at any geographic level.) Mainstream acknowledges that it has nothing to say about exchange rate determination in the short run, and only models for the long run. All of those models are wrong, but let’s pretend that they’re right. So mainstream can predict what will happen, say, 10 years from now, but nothing sooner. So what at all is useful about mainstream economics? 10 years off is always 10 years off. 10 years from now, 10 years from a year from now, 10 years from six years from now. So how is it not just an every-man-for-himself rat race at all times? If I’m correct, then how is mainstream anything more than propaganda for the status quo, which by definition only benefits those already in power. Does that make sense? So much time and energy in foreign exchange is spent on nonsense. Analyzing meaningless charts (chartism) or random economic rules (the fundamentals), pretending that we can somehow predict the future, that we don’t affect the future, that we aren’t affected by others or the past. So on one hand, because we can’t predict the future, what alternative is there? How can it be anything but a big gigantic game? On the other hand, it seems that the vast majority of traders think that neoclassical fantasy world is indeed real. Perhaps a select few that know the reality, deliberately use that knowledge to manipulate and dominate the masses. That seems like a reasonable speculation. Aside from the elite being less elite and neoclassical economists being thrown to the street, what if every trader read your and Oberlechner’s books, and Ilene Grabel‘s work, and really got it? What would this alternate foreign exchange universe be like? Trading wouldn’t stop! How would it be different? Two meta questions: I’m pretty sure these things are not related, but I’m going to ask them together: (one) I’ve heard you say that you disagreed with some aspect of MMT but that it’s something in the weeds, nothing major. What is your disagreement? (Two) knowing that the book was written well over a decade ago, on page 72 you state, "we [the US] have a fractional reserve banking system…." I can only guess that you would agree that that’s no longer the case. So to ask this more broadly: if you were to rewrite the book again today, or update it for a second edition, what would change? How much would each of those changes impact your conclusions, diagrams, and mental models? My ultimate goal, which is clearly impossible to achieve today, is to make a clear connection between your work and that of Fadhel Kaboub. My instinct is that there’s something important there. In your late-Mexican-delivery, margarita-fueled, yet very entertaining "horrifically boring" lecture (which was organized by the fine folks at Modern Money Australia and a MMT Podcast), you said the following: "What if I’m a small African nation. Can I follow MMT policies? I don’t know. I have always wondered about that." You then clarified that your area of expertise is not developing nations. I believe I understand your specific concern and I’d like to clarify your thinking. First, speaking of MMT in general. We as MMTers know, with total certainty, that the central government’s of at least the US, UK, Canada, Australia, and so on, have the capacity to provide dramatically more for public purpose. The challenge is to inform the people and take back control of our government and our money. This may turn out to be unlikely or even impossible, but that’s a purely political and social obstacle, not financial. This is analogous to developing nations: although clearly with less bells and whistles than in developed countries, all nations, no matter how developing they are, have the financial capacity to float their currencies and, given enough time, to provide full employment. At that point, they can indeed provide much more for public purpose. The challenge is therefore not financial, but rather to escape out from under the thumb of their colonizing overlords. This may prove unlikely or even impossible, but that’s mostly a political and social problem. So when you say "I wonder" and "I don’t know," I can only guess (and honestly, hope) that you’re referring to those political obstacles, not the financial ones. Is that a fair characterization? A major cause of currency crises is the discrepancy or tension between groupthink (bandwagons and herd behavior) and the underlying conditions in the real world. As the difference grows larger, the tension is more susceptible to smaller and smaller final straws. But often it seems that the final straw is blamed for the years, and sometimes decades, of problems that the final straw merely exposed. An example is the December Surprise which is blamed for the Mexican Currency crisis in 1994, even though it had been building for at least a decade. This is quite analogous it seems, to the false idea that "creating too much money was the cause" of famous historical hyperinflations. As if the war never happened in Weimar, or the decades of terrible circumstances and decisions never happened in Zimbabwe. It even seems appropriate on a personal level, of people spending years in denial, sometimes unknowingly, and then some point years later, the consequences come out all at once – or at least it feels that way. Can you elaborate on this and bring it back to these exchange rate crises? How much does a country need to be concerned about (groups of) individual traders sitting at computer screens on the other side of the planet? Or are problems generally centered around large actors? How did the internet and computer-based trading change things? Were these problems dramatically different before internet/computer based trading? As I understand your book and Ilene Grabel’s work, the primary problem regarding exchange rate is, essentially, we’ve let the mob take over, and their loan sharks have been put in charge of our economies and finances. The mob definitely does not care about public purpose, they care about nothing more than in-and-out, short-term profit. They also push all financial and real costs on to everybody else, who happens to be more vulnerable and farther from the levers of power. And it’s all done with little to no consequences. So a country or a company makes a deal with the mob devil (neoliberal devil), and eventually takes out a predatory loan: a cash injection in exchange for control. The country is put into an impossible position and eventually fails to meet that impossible condition. In order to bail themselves out, they must often do something that contradicts with their long-term survival, and give up even more control in the process. It inevitably leads to financial ruin. I believe this analogy is in the ballpark, but you’ll correct it as necessary. The major solution according to you and Grabel is to disincentivize short-term profit in order to protect vulnerable countries and companies from predatory loans. But since the mob is in charge of the planet, this is no small task. Can you elaborate on this? Is there anything else you think should be said? Can you recommend related work listeners can look into for more on these topics?

Welcome to episode 72 of Activist #MMT. Today I talk with Texas Christian University PhD. economics professor and , John Harvey. The topic of our conversation is exchange rate determination. However, be forewarned that this episode is not an introduction but a deep dive into the weeds of John’s 2009 textbook, . For a proper introduction, you’ll find links in the show notes to several good recommendations, including two MMT Podcast episodes (, and ), John’s with Modern Money Australia, a on the economics blog Naked Capitalism, and a layperson-friendly . This interview took three months of preparation. When I first read John‘s book, I only made it halfway through and, in all honesty, aside from the introduction, I got very little out of it. John’s writing has nothing to do with it, it’s simply an intense and completely (if you’ll forgive the pun) foreign topic. Chapter two, especially, was impenetrable. It’s a summary of the major exchange rate models in neoclassical economics and frankly made zero sense. I took a nap after every few paragraphs and watched videos on each type of model, but none of it felt relevant. (John briefly goes over this chapter in his August 2020 lecture.) I started the book over again and grew fascinated by a five page section in chapter one called Post Keynesian Economics. You’ll find it on pages five to nine. The section is an introduction to post Keynesianism and specifically how it contrasts with neoclassicism (the latter of which is currently mainstream economics). Without exaggeration, I read the section around twenty times and wrote pages of notes and questions, several of which I posted on the Facebook group, Intro to MMT (which, I wasn’t then, but am now, a moderator of… and I recommend you join it). I spent the next two months diving into the basics of mainstream economics, starting with a 2019 paper expressing the common concern for the long-term fiscal sustainability of government spending, and its corresponding debt and interest. I then read and interviewed the authors of the 2020 paper responding to it, by German MMT economist Dirk Ehnts and Danish PhD. candidate Asker Voldsgaard. I also read a paper on historical time as recommended by Asker, and a 2006 paper by Scott Fullwiler. The interview inspired a post where I break down the topic in detail: I then read Steve Keen’s 2011 book, . I didn’t understand much more than I did understand, but it was fascinating and enlightening nonetheless. It also provided excellent background for my next interview with UMKC PhD economics candidate Sam Levey, with whom I discussed the core assumptions of mainstream economics. Links to all of these papers, posts, and interviews can be found in the show notes. [The interviews with Ehnts, Voldsgaard, and Levey will be released to the public in February. Patrons of Activist #MMT can hear them right now.] Before returning to John’s book, I read several papers by John and Ilene Grabel, plus the 2004 book by Oberlechner, called . I especially recommend Oberlechner’s book as a layperson introduction to exchange rate determination. It’s particularly easy-to-read and also comes highly recommended by John. As is made clear in Oberlechner’s book, one of, if not the, most important determinant in the reality of exchange rates is group psychology. Finally, I read John‘s book straight through, beginning to end. This time, I was better prepared to distinguish between what to discard and what to focus on. Re-reading chapter two, I now realize that it’s less that I didn’t understand it and more that it’s just not understandable. You would not lose much from skipping the chapter entirely. Its primary benefit is not to learn about foreign exchange but to provide a benchmark for just how far off mainstream is from reality. The other major lesson I take from John‘s book is that people do not want only to trade – meaning purchase physical goods and services from a company in...

Air Date 6/28/2019 Today we take a look at the ways that extreme inequality and many of the worst instincts and repercussions of capitalism are being upheld and perpetuated by our culture of philanthropy. It turns out that what we see as the rich giving back is really more of a purchase on their part, a purchase of our acceptance of inequality and the right of the wealthy to rule. Be part of the show! Leave us a message at 202-999-3991 or email Jay@BestOfTheLeft.com  Get AD FREE Shows & Bonus Content: Support our show! SHOW NOTES Ch. 1: Gilded Rage - Future Perfect - Air Date 5-21-19 To put our new age of extreme inequality in perspective, we look back at Andrew Carnegie, who gave America a huge number of libraries so they’d forgive him for his brutal steel mills. We ask: Is the same thing happening in 2019? Ch. 2: Anand Giridharadas: Winners take all Part 1 - Jacobin Radio - Air Date 9-27-18 Anand Giridharadas, author of Winners Take All, on the win-win business- and plutocrat-friendly philanthropy of today’s nouveau riche. Ch. 3: Rob Reich: Is big philanthropy destroying democracy? - Tiny Spark - Air Date 11-7-18 Stanford professor Rob Reich’s new book Just Giving: Why Philanthropy Is Failing Democracy and How It Can Do Better investigates how charity can undermine democratic values and explores the ways federal policies help to facilitate greater inequality. Ch. 4: Could billionaires solve global poverty? - The Brian Lehrer Show - Air Date 4-25-19 Time editor at large, Anand Giridharadas, discusses whether billionaires can put an end to global poverty if they had the will to do so, and talks about his recent book, Winners Take All: The Elite Charade of Changing the World Ch. 5: Rob Reich on whether philanthropy is bad for democracy - Rationally Speaking - Air Date 11-12-18 This episode features political scientist Rob Reich, author of "Just Giving: Why Philanthropy is Failing Democracy, and How it Can Do Better". Does it deserve to be tax-deductible? And do philanthropists have too much power in society? Ch. 6: Anand Giridharadas: Winners take all Part 2 - Jacobin Radio - Air Date 9-27-18 Anand Giridharadas, author of Winners Take All, on the win-win business- and plutocrat-friendly philanthropy of today’s nouveau riche. VOICEMAILS Ch. 7: Inequality is the #1 issue - James from Sacramento, CA FINAL COMMENTS Ch. 8: Final comments on covering inequality and presenting a bonus clip on two manifestations of racism BONUS CLIP: Myths of the ruling class with Anand Giridharadas - Why is this happening? - Air Date 10-8-18 MUSIC (Blue Dot Sessions): Opening Theme: Loving Acoustic Instrumental by John Douglas Orr  Gullwing Sailor - Migration Felt Lining - The Cabinetmaker Slow Lane Lover - Barstool Gondola Blue - Towboat The Back Lot - Sunday at Slims Voicemail Music: Low Key Lost Feeling Electro by Alex Stinnent Closing Music: Upbeat Laid Back Indie Rock by Alex Stinnent   Produced by Jay! Tomlinson Thanks for listening! Visit us at BestOfTheLeft.com Support the show via Patreon Listen on iTunes | Stitcher | Spotify | Alexa Devices | +more 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 Review the show on iTunes and Stitcher!

Today, in the first of a two-part series on the film, we look to John Carpenter's 1981 dystopia, Escape from New York, as a jumping off point to examine the emergence of the modern prison industrial complex (PIC) over the past century and it's socio-political underpinnings and impacts.  The year is 1997 and, in an America overrun by crime, Manhattan island has been designated the one prison for the whole of New York county, whereupon entering, prisoners are condemned to live out the rest of their years. The city is walled off from the rest of society and there are no guards on the inside, only the prisoners and the rudimentary society they have developed.  In this episode, we examine what Carpenter got right in his dystopian prophecies, what he didn't foresee and the historical developments which lead to the PIC as we now understand it.  texts: The Prison-Industrial Complex, by Eric Schlosser (for The Atlantic), 1998 --> https://www.theatlantic.com/magazine/archive/1998/12/the-prison-industrial-complex/304669/ Mass Incarceration's Dangerous New Equilibrium, by Yves Smith (for Naked Capitalism), 2017 --> https://www.nakedcapitalism.com/2017/06/mass-incarcerations-dangerous-new-equilibrium.html  John Carpenter's Escape from New York 1981 DVD Commentary (John Carpenter and Kurt Russel)--> https://www.youtube.com/watch?v=mooWs8xwpjY

MMT seems like a natural fit for Marxists so why has there been some resistance to it? MMT explains the monetary system. Period. If we build a post-capitalist society we’ll need to understand how currency works. If we want to discuss getting rid of money altogether, we’ll still need to understand it. In this episode, Steve called upon Nathan Tankus to break it down and explain the objections to MMT among some on the left, particularly Marxists. Along the way, he tries to dispel some of the fears and objections. Marx devoted himself to studying and developing a theory of capitalism. He left a huge body of work and, occasionally, some parts of it contradict other parts. There’s a strand of Marxist tradition that influenced Post-Keynesians, Chartalists, and MMTers, so it’s hard to make the case of incompatibility. A criticism of MMT from the left is that it is only relevant to a monetary sovereign nation, especially one, like the US, that doesn’t hold foreign-denominated debt. MMT is explicit about the perils of holding debt in a foreign currency, whether in the Weimar Republic, Zimbabwe, or the Eurozone. In fact, Stephanie Kelton made an early call on the unsustainability of the Euro. (For an in-depth discussion of the economic problems of the post-colonial world, listen to our episode “The Spectrum of Monetary Sovereignty in developing Nations with Ndongo Samba Sylla and Fadhel Kaboub.”) Steve brings up the specter of capital flight, which Nathan describes as a non-Marxist issue that Marxists argue about. Marx demanded clarity; to understand an issue, one must look at what is really going on. In the case of capital flight, Nathan asks what kind of capital they’re worried about. Is it commodity capital? Variable capital? Constant capital? We must understand which processes and mechanisms apply. What are the underlying biophysical relationships, ownership relations, and payment systems? By tracing various hypothetical cases of capital flight, Nathan demystifies this often exaggerated problem. It’s practically canon among leftists that we prioritize raising taxes on the rich. Our listeners know that MMTers are sometimes criticized for decoupling “taxing the rich” from our demand for social programs. Nathan and Steve discuss the irony in the fact that raising the marginal tax rates on billionaires may decrease their household wealth, but it does nothing to change the fundamentals -- the ownership and control of the means of production. Universal healthcare will immediately save lives. A Green New Deal will immediately save the planet, thus saving lives. Free college education will improve lives, as will student debt forgiveness. A federal job guarantee will transform the social fabric, benefiting communities, families, and individual lives. What do we gain from increasing taxes on the 1%? It’s not a Marxist proposition: he never suggested that taxes would alleviate exploitation. Nathan makes the point that tying these vital programs to the collection of taxes implies that capitalists fund the government with their tax dollars and it limits us to what we can squeeze out of them. This interview is packed with important ideas and facts. They consider the irrational fear of robots replacing human labor. They look at some of the endless possibilities opened up by a job guarantee, including as a way to finance workers’ coops, creating laboratories for other means of organizing labor. Nathan explains the bathtub analogy for understanding stocks and flows. And there’s much, much more. Nathan Tankus is the Research Director of the Modern Money Network and Research Scholar at the Global Institute for Sustainable Prosperity. He has written for the Financial Times, Business Insider, Naked Capitalism, The Appeal and JSTOR Daily, and currently has a blog, Notes on the Crises, at NathanTankus.substack.com

Air Date: 6/28/2019 Today we take a look at the ways that extreme inequality and many of the worst instincts and repercussions of capitalism are being upheld and perpetuated by our culture of philanthropy. It turns out that what we see as the rich giving back is really more of a purchase on their part, a purchase of our acceptance of inequality and the right of the wealthy to rule  Be part of the show! Leave a message at 202-999-3991   Episode Sponsors: MOVAGlobes.com/BEST(Coupon Code: BEST for 10% off) Amazon USA| Amazon CA| Amazon UK| Clean Choice Energy Get AD FREE Shows & Bonus Content: Support our show on Patreon! SHOW NOTES Ch. 1: Gilded Rage - Future Perfect - Air Date 5-21-19 To put our new age of extreme inequality in perspective, we look back at Andrew Carnegie, who gave America a huge number of libraries so they’d forgive him for his brutal steel mills. We ask: Is the same thing happening in 2019? Ch. 2: Anand Giridharadas: Winners take all Part 1 - Jacobin Radio - Air Date 9-27-18 Anand Giridharadas, author of Winners Take All, on the win-win business- and plutocrat-friendly philanthropy of today’s nouveau riche. Ch. 3: Rob Reich: Is big philanthropy destroying democracy? - Tiny Spark - Air Date 11-7-18 Stanford professor Rob Reich’s new book Just Giving: Why Philanthropy Is Failing Democracy and How It Can Do Better investigates how charity can undermine democratic values and explores the ways federal policies help to facilitate greater inequality. Ch. 4: Could billionaires solve global poverty? - The Brian Lehrer Show - Air Date 4-25-19 Time editor at large, Anand Giridharadas, discusses whether billionaires can put an end to global poverty if they had the will to do so, and talks about his recent book, Winners Take All: The Elite Charade of Changing the World Ch. 5: Rob Reich on whether philanthropy is bad for democracy - Rationally Speaking - Air Date 11-12-18 This episode features political scientist Rob Reich, author of "Just Giving: Why Philanthropy is Failing Democracy, and How it Can Do Better". Does it deserve to be tax-deductible? And do philanthropists have too much power in society? Ch. 6: Anand Giridharadas: Winners take all Part 2 - Jacobin Radio - Air Date 9-27-18 Anand Giridharadas, author of Winners Take All, on the win-win business- and plutocrat-friendly philanthropy of today’s nouveau riche. VOICEMAILS Ch. 7: Inequality is the #1 issue - James from Sacramento, CA FINAL COMMENTS Ch. 8: Final comments on covering inequality and presenting a bonus clip on two manifestations of racism BONUS CLIP: Myths of the ruling class with Anand Giridharadas - Why is this happening? - Air Date 10-8-18 MUSIC(Blue Dot Sessions): Opening Theme: Loving Acoustic Instrumental by John Douglas Orr  Gullwing Sailor - Migration Felt Lining - The Cabinetmaker Slow Lane Lover - Barstool Gondola Blue - Towboat The Back Lot - Sunday at Slims Voicemail Music: Low Key Lost Feeling Electro by Alex Stinnent Closing Music: Upbeat Laid Back Indie Rock by Alex Stinnent   Produced by Jay! Tomlinson Thanks for listening! Visit us at BestOfTheLeft.com Support the show via Patreon Listen on iTunes | Stitcher| Spotify| Alexa Devices| +more Check out the BotL iOS/AndroidApp in the App Stores! Follow at Twitter.com/BestOfTheLeft Like at Facebook.com/BestOfTheLeft Contact me directly at Jay@BestOfTheLeft.com Review the show on iTunesand Stitcher!

Patricia talks with Associate Professor of Humanities & Cultural Studies and co-host of Money On The Left podcast Scott Ferguson about Marxism and political identities in general in relation to MMT. Scott is a research scholar at the Global Institute for Sustainable Prosperity (http://www.global-isp.org/scott-ferguson/), and also a contributor to Naked Capitalism and CounterPunch. Check out Scott’s Money On The Left podcast: https://www.buzzsprout.com/172776 Follow Scott on Twitter: @videotroph https://twitter.com/videotroph

Gaius Publius, a professional writer living on the West Coast of the United States and frequent contributor to DownWithTyranny, digby, Truthout, and Naked Capitalism talks about the evolving US Constitution and how it will need to change to meet the needs of the 21st Century and tackle inequality. Read his piece on the topic here: https://www.sfchronicle.com/opinion/openforum/article/The-next-U-S-Constitution-is-forming-now-13047939.php Follow him on Twitter @Gaius_Publius Follow him on Tumblr: https://gaiuspublius.tumblr.com/ Like him on Facebook: https://www.facebook.com/gaius.publius

19 December 2016 - We are thrilled to welcome back ACA expert Charles Gaba (ACASignUps.net, Brainwrap.com, Brainwrap on Daily Kos and @Charles_Gaba on Twitter) to the show. It's hard to even understand all the rumors flying around about the ACA (aka "Obamacare") these days and Charles helps us to parse what different options will mean. Basically the ACA is a towering healthcare Jenga and the GOP is imagining they can pull the foundational blocks out without the whole thing crashing down. They are wrong. [BWT - there's a GoFundMe on Charles' ACA page. His work is unique in media and often quoted by progressive media everywhere so if you can, pitch in a little to help him out.] Will and I combined our blocks to talk about how fake news works, define propaganda, touch on the PropOrNot controversy which was stirred-up by the Washington Post and then get into detail about how sites like TruthDig and TruthOut are exhibiting pro-Russian bias rather dramatically. For us, sites like Naked Capitalism, are still important and trusted sources but we recognize that all sources have a certain amount of bias and it is essential that every consumer be clear about how that bias may or may not be slanting coverage of a given topic. We do definitely concur with seventeen different US intelligence agencies that the Russian government did directly interfere with the US election. This puts our democracy at risk and it is not wrong to be alarmed. Many Carrots of the Season - Arliss

Jason Hartman talks with one of his Investment Counselors, Steve, about a Naked Capitalism blog post on the new real estate train wreck in securitized rentals.  Wall Street's newest “innovation” based on rental income.  Will this be another Wall Street scam like the pools of subprime mortgages, auction rate securities, derivatives or numerous other products that were misrepresented to investors. Next up, a discussion of the ‘lost decade' for the American middle class based on a Newser article and some talk about the investor-driven recovery in real estate. 

Jason Hartman talks with one of his Investment Counselors, Steve, about a Naked Capitalism blog post on the new real estate train wreck in securitized rentals.  Wall Street's newest "innovation" based on rental income.  Will this be another Wall Street scam like the pools of subprime mortgages, auction rate securities, derivatives or numerous other products that were misrepresented to investors. Next up, a discussion of the 'lost decade' for the American middle class based on a Newser article and some talk about the investor-driven recovery in real estate.  

This weeks guest is Philip Pilkington, a prolific economic contributor to the excellent ‘Naked Capitalism’ blog. 'Naked Capitalism' is one of the most visited economics blog on the web, featuring some of the top Political Economy bloggers on the planet. The show is loosely based around a series Philip wrote for the blog on Monetarism - the economic theories of Milton Friedman. We cover such rocky territory as the intellectual battles between the Keynesians and Monetarists, the Austrian School of Economics and Political Propaganda, Maggie Thatcher and class war, Union Busting and Military Coups, Finance vs Industry, and the return of the Gold Standard. That's all folks!?!#@**&^!! You can find Philips writing here and here: http://www.nakedcapitalism.com/ https://fixingtheeconomists.wordpress.com/

Former staffer to Congressman Alan Grayson, Matt Stoller is a fellow at the Roosevelt Institute and a contributing editor to the financial site Naked Capitalism. He also contributes to Politico, Alternet, Salon, The Nation and Reuters, focusing on the intersection of foreclosures, the financial system, and political corruption. Matt and Jay Ackroyd talk about tensions between liberalism and strong central government.

Econned author and Naked Capitalism writer Yves Smith: "Frankly, I think Bank of America is over; it's just not official. That's my view of this thing."

This week we have an interview from Harry Shearer’s Le Show between Harry and Yves Smith Author of E-Conned and Blogger at Naked Capitalism. They are discussing the Foreclosure crisis.    Please enjoy the show.