Podcast appearances and mentions of nathan tankus

Notes on the Crises' Nathan Tankus returns to talk to Riley about 100 days of DOGE, and the catastrophic risks those broccoli haired little rascals pose the entire global financial system, in addition to the moral depravity of the whole enterprise. In the first half, Riley, Milo, and Hussein discuss yet more in the “AI will replace the human soul” file, and call a winner in the interim Starmer-Trump 2025 capitulation contest… but finals are still all to play for! Get the whole episode on Patreon here! *MILO ALERT* Check out Milo's tour dates here: https://miloedwards.co.uk/live-shows *TF LIVE ALERT* We'll be performing at the Big Fat Festival hosted by Big Belly Comedy on Saturday, 21st June! You can get tickets for that here! Trashfuture are: Riley (@raaleh), Milo (@Milo_Edwards), Hussein (@HKesvani), Nate (@inthesedeserts), and November (@postoctobrist)

Subscribe on Patreon and hear this week's full patron-exclusive episode here: https://www.patreon.com/posts/128245289 Beatrice speaks with Nathan Tankus to walk through an oral history of the early months of DOGE's ongoing infiltration of the Treasury payments system and Social Security, why the "Trump-Musk Payments Crisis" threatens a bigger fundamental threat of US economic breakdown than even Trump's tariffs, and why Nathan tried (and failed) to crash the stock market. Runtime 2:36:28 Note: We're back! Thank you to everyone for all the well wishes and many kind messages during our parental leave. We have a lot coming together soon processing current events and reacting to some big developments that happened while we were away. As we ramp production back up we'll be prioritizing the patron feed first to make sure patrons get a full new episode every week. Get Health Communism here: www.versobooks.com/books/4081-health-communism Find Jules' new book here: https://www.versobooks.com/products/3054-a-short-history-of-trans-misogyny

As Assessment of the Damage Already Done by Musk and His Teenage Techies | The Need For Our Politicians, Business Leaders and Citizens to Recognize Trump's Sickness and Intervene Before He Does Any More Damage to the Country and the World | Trump's Lies-Laden Keynote Speech to CPAC Host: Ian Masters Producer: Graham FitzGibbon Assistant Producer: Asher Price

For the rest of the conversation, please join us on Patreon at - https://www.patreon.com/posts/nathan-tankus-122595422 CIA whistleblower John Kiriakou talks about the JFK Files, USAID, Donald Trump and endless war. But first Nathan Tankus breaks down what the hell Elon Musk is doing. John Kiriakou is the only person to go to jail over the CIA torture program, which he blew the whistle on. He is a former CIA analyst and case officer, a PEN USA Award Winner and best-selling author. He's the host of Political Misfits and writes at http://johnkiriakou.substack.com In addition to being the Publisher of Notes on the Crises, Nathan Tankus is the Research Director of the Modern Money Network. He has written for the Financial Times, Politico, Rolling Stone, Business Insider, The Guardian, The Appeal, The American Prospect and JSTOR Daily. His work has also been extensively covered in The Washington Post, Bloomberg, The Nation, Marketwatch, The New Yorker, New York Magazine, Fortune Magazine, Vox, The Hill and The New Republic among other outlets. He was also the subject of a major profile in Bloomberg Businessweek, which has made him a sought after speaker and expert on the technical details of monetary policy, central banking and economic policy more broadly. Nathan is currently working on a book, under contract with Viking Press of Penguin. It is in the process of being rethought as a result of the "Trump-Musk Treasury Payments Crisis of 2025." ***Please support The Katie Halper Show *** For bonus content, exclusive interviews, to support independent media & to help make this program possible, please join us on Patreon - https://www.patreon.com/thekatiehalpershow Get your Katie Halper Show Merch here! https://katiehalper.myspreadshop.com/all Follow Katie on Twitter: https://x.com/kthalps Follow Katie on Instagram https://www.instagram.com/kthalps/ #news #politics #youtube

As DOGE and its merry band of edgelord geniuses rip through the government unabated, the only thing we can do is sit back and watch. This week we'll dive in and see who's running things, what they're cutting, and the terrifying reality of who now has access to the Bureau of Fiscal Service. PORTLAND! We are coming April 13th! Come see us! https://www.etix.com/ticket/p/96128474/ben-and-emil-live-portland-hawthorne-theatre This week's bonus episode is a GOOD ONE baby. Sign up and support the show at https://benandemilshow.com ****HUGE shout out to Katherine Long and Nathan Tankus, whose writing on this subject has been so crucial. https://notesonthecrises.com LINK TO OUR DISCORD: https://discord.gg/CjujBt8g Subscribe to Emil's Substack: https://substack.com/@emilderosa Leave a comment! Like this video! Tell a friend about our show! __ MANDO: Control Body Odor ANYWHERE with @shop.mando and get $5 off off your Starter Pack (that's over 40% off) with promo code BAES at https://Mandopodcast.com/BAES #mandopod FACTOR MEALS: Eat smart with Factor. Get started at https://factormeals.com/baes50off and use code "baes50off" to get 50% off your first box plus free shipping. HIMS: Don't lose your hair, fellas!! Start your free online visit today at https://hims.com/BAES MOOMOO: Click this link https://j.moomoo.com/BAES to get up to 30 free stocks from moomoo U.S when you make a qualified deposit + earn 8.1% on uninvested cash for a limited time for new users!! Terms & Conditions Apply __ Latest MEATBALL SPECIAL HERE: https://youtu.be/uIOdsIn1Tdo Last week's episode HERE: https://youtu.be/qLhnYvL0eu8 We bought suits HERE: https://youtu.be/_cM1XqA9n2U This episode was edited by Connor Rousseau / @ conrad_roussrad Follow us on instagram! @ benandemilshow @ bencahn @ emilderosa Learn more about your ad choices. Visit megaphone.fm/adchoices

Nathan Tankus explains exactly what Musk and his little gremlins are doing at the treasury, and how this could have some pretty enormous implications for the national and global economies. Also - the killing of a sacred duck (in Venice), the spending of a sacred $30 (on eggs, by an A.I.), and the theft of a sacred suitcase (this is the last Miguel Arruda for a while, we promise…). The outro music is Gamou-me a Mala no Aeroporto (https://www.youtube.com/watch?v=7LwXfKN5Q90)

Elon Musk has bought his way into the Trump administration and is now busy muscling his way into every federal agency. But the unelected billionaire who's been forcibly installing his allies while purging career civil servants throughout the federal government just faced his first roadblock when a judge prevented him from accessing the Bureau of the Fiscal Service, a move that would have given him an unprecedented amount of leverage over trillions of public dollars.Today on Lever Time, senior podcast producer Arjun Singh sits down with journalist Nathan Tankus to discuss the depth of Musk's control and how the tycoon's recent actions could imperil the nation. Tankus is the author of the newsletter Notes on a Crisis and one of lead reporters covering Musk's takeover. 

It's News Day Tuesday! Sam and Emma break down the biggest headlines of the day. First, they run through updates on Musk's full takeover of the Treasury payment systems and closure of USAID, Trump's targeting of the DOE amid, another judicial restraining order on Trump's impoundment attempts, Democratic inaction over Trump's funding freeze, Bessent's CFPB freeze, Musk's killing of the IRS' E-Filing system, Trump's cave to Mexico and Canada over tariffs, Trump's invocation of the 1798 Alien Enemies Act, RFK's lies, NALC's labor battle, Costco Teamsters' successful strike, and impending labor action with Kings Soopers supermarkets, before reflecting on Nathan Tankus' prescient anxieties during yesterday's interview amid the Trump Administration's full takeover of the US Treasury's payment systems and complete gutting of any security infrastructure. Next, Sam and Emma dive deep into the Trump team's attempt to redefine the complete collapse of Trump's tariff agenda as a negotiation win due to Canada and Mexico… reiterating their previous border commitments, also touching on what to make of this tariff project moving forward. They also explore Elon Musk's aggressive shutdown of USAID without Congressional approval, dissecting Musk's interest in an agency spending incredibly minimal sums of Taxpayer money and conservative media's attempt to jump to DEI “fraud,” before looking to the Democrats' best attempt to push back on this effort (Chris Murphy), and wrapping up the free half by addressing the dangerous absurdity of Elon's recent tirade in favor of complete deregulation. And in the Fun Half: Sam and Emma explore the Trump Administration's attempt to message their indiscriminate and violent deportation campaign to the public – while Steve Bannon makes fun of the “p*ssy humanists” that only want to deport criminals to the NYT. Hank in LA unpacks his experience as a part of the TYT union drive and the ongoing effort to properly represent the exploitation faced at the hands of the media org, Finoran Clown from LA reflects on US relations to Canada and Mexico, and Ally from VA expands the conversation on Trump's anti-immigrant crackdown. Ben from Chicago discusses the dangerous conditions faced by disabled wage workers, and Jesse in Manhattan explores his experience canvassing for NYC Mayoral Candidate Zohran Mamdani, plus, your calls and IMs! Become a member at JoinTheMajorityReport.com: https://fans.fm/majority/join Follow us on TikTok here!: https://www.tiktok.com/@majorityreportfm Check us out on Twitch here!: https://www.twitch.tv/themajorityreport Find our Rumble stream here!: https://rumble.com/user/majorityreport Check out our alt YouTube channel here!: https://www.youtube.com/majorityreportlive Gift a Majority Report subscription here: https://fans.fm/majority/gift Subscribe to the ESVN YouTube channel here: https://www.youtube.com/esvnshow Subscribe to the AMQuickie newsletter here: https://am-quickie.ghost.io/ Join the Majority Report Discord! https://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Get the free Majority Report App!: https://majority.fm/app Go to https://JustCoffee.coop and use coupon code majority to get 10% off your purchase! Check out today's sponsors: Delete Me: Take control of your data and keep your private life private by signing up for DeleteMe. Now at a special discount for our listeners.  Today get 20% off your DeleteMe plan by texting MAJORITY to sixty four thousand. That's MAJORITY to 64000.  Message and data rates may apply. See terms for details. Manukora Honey: Thanks to Manukora for supporting The Majority Report. Now, it's easier than ever to try Manukora Honey. Head to https://Manukora.com/MAJORITY to get $25 off the Starter Kit, which comes with an MGO 850+ Manuka Honey jar, 5 honey travel sticks, a wooden spoon, and a guidebook! That's https://Manukora.com/MAJORITY for $25 off your Starter Kit. Sunset Lake CBD: Skip the stress of shopping for your valentine and head on over to https://SunsetLakeCBD.com and use code Valentine to save 35% on edibles. This sale ends February 9th at midnight. See their site for additional terms and conditions. Follow the Majority Report crew on Twitter: @SamSeder @EmmaVigeland @MattLech @BradKAlsop Check out Matt's show, Left Reckoning, on Youtube, and subscribe on Patreon! https://www.patreon.com/leftreckoning Check out Matt Binder's YouTube channel: https://www.youtube.com/mattbinder Subscribe to Brandon's show The Discourse on Patreon! https://www.patreon.com/ExpandTheDiscourse Check out Ava Raiza's music here! https://avaraiza.bandcamp.com/ The Majority Report with Sam Seder - https://majorityreportradio.com/

Happy Monday! Sam and Emma speak with Nathan Tankus, proprietor of the Notes on the Crises newsletter, to discuss the reporting that Elon Musk and his associates have taken over crucial payment controls in the Treasury Department. First, Sam and Emma run through updates on Trump's shutdown of USAID, tariffs on México, Canada, and China, Trump's funding freeze and firing of the head of the CFPB, Israel's bombing of the West Bank, Louisiana's arrest warrant against a New York doctor over reproductive care, major pro-immigration protests, and Ken Martin's election to the chair of the DNC, before expanding on the enraging inaction of Democratic Party Leadership in the face of Trump's destruction of the administrative state. Nathan Tankus then joins, diving right into the escalating Elon Musk-related crises that began at the core of the US government this past weekend, zeroing in on the biggest of the three, Elon's aggressive takeover of the US Treasury, including a dissection of their data and payment systems. Expanding on this, Tankus tackles the incredibly complex and sensitive nature of the data and systems the Trump regime is after, with key, veteran Treasury officials resigning in the wake of Musk's advances, unpacking the extensive risks of allowing Musk and Co. access to this information, from the obvious (giving the utmost sensitive data on US citizens to a private actor) and institutional (our entire country runs on the treasury making these payments) to how it could bolster the Trump's administration's disregard for agency cooperation. After briefly touching on the genuine illegality of many of these actions (and why that likely won't matter), Nathan walks Sam and Emma through the role of mission-critical systems like the Treasury, and the intrinsic need to embrace the inefficiency of a system when constantly necessary to build up its robustness and reliability in case of crisis, before wrapping up by touching on Trump's path to the Supreme Court over the Impoundment Control Act. And in the Fun Half: Sam and Emma watch cosplay icon Kristi Noam defend Trump's warning of some “short-term pain” for the US public over his tariff agenda, unpack ICE's ongoing campaign of tyranny, and listen to Canadian sports fans rain down jeers to the US National Anthem. Steve Bannon has some thoughts on the liberal world order and the value of Right-Wing Populism, Chappelle Roan highlights exploitation in the music industry, and the Daily Wire's Andrew Klavan waxes poetic on the “laws of nature” that lead to women getting beaten by their husbands, plus, your calls and IMs! Follow Nathan on Twitter here: https://x.com/NathanTankus Check out Notes on the Crises here: https://www.crisesnotes.com/#/portal Check out an abridged version of Nathan's piece at Rolling Stone here: https://www.rollingstone.com/politics/politics-features/trump-elon-musk-treasury-payment-system-dangerous-1235254831/ Become a member at JoinTheMajorityReport.com: https://fans.fm/majority/join Follow us on TikTok here!: https://www.tiktok.com/@majorityreportfm Check us out on Twitch here!: https://www.twitch.tv/themajorityreport Find our Rumble stream here!: https://rumble.com/user/majorityreport Check out our alt YouTube channel here!: https://www.youtube.com/majorityreportlive Gift a Majority Report subscription here: https://fans.fm/majority/gift Subscribe to the ESVN YouTube channel here: https://www.youtube.com/esvnshow Subscribe to the AMQuickie newsletter here: https://am-quickie.ghost.io/ Join the Majority Report Discord! https://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Get the free Majority Report App!: https://majority.fm/app Go to https://JustCoffee.coop and use coupon code majority to get 10% off your purchase! Check out today's sponsors: Cozy Earth: Surprise your Valentine with Cozy Earth. Get up to 40% off at https://cozyearth.com/MAJORITYREPORT with my code MAJORITYREPORT. That's https://CozyEarth.com/MAJORITYREPORT.  And don't forget—if you're asked in a post-purchase survey, let them know you heard about Cozy Earth right here! Babbel: Let's get more of you talking in a new language. Babbel is gifting our listeners 60% off subscriptions at https://Babbel.com/MAJORITY.  Get up to 60% off at https://Babbel.com/MAJORITY. Rules and restrictions may apply. Follow the Majority Report crew on Twitter: @SamSeder @EmmaVigeland @MattLech @BradKAlsop Check out Matt's show, Left Reckoning, on Youtube, and subscribe on Patreon! https://www.patreon.com/leftreckoning Check out Matt Binder's YouTube channel: https://www.youtube.com/mattbinder Subscribe to Brandon's show The Discourse on Patreon! https://www.patreon.com/ExpandTheDiscourse Check out Ava Raiza's music here! https://avaraiza.bandcamp.com/ The Majority Report with Sam Seder - https://majorityreportradio.com/

Murphy recently squared off against Nathan Tankus in a ZeroHedge debate focusing on Austrian economics vs. Modern Monetary Theory (MMT). Jonathan Newman watched the debate and selected three clips highlighting key areas of dispute. Jonathan and Bob elaborate on the issues and anticipate possible MMT replies.Bob's ZeroHedge Debate with Nathan Tankus: Mises.org/HAP484aBob and Jonathan's Tag-Team Mises University Lecture on MMT: Mises.org/HAP484bBob's Quarterly Journal of Austrian Economics Paper on The Deficit Myth: Mises.org/HAP483cWilliam Hutt's The Theory of Idle Resources: Mises.org/HAP484dUse code Action25 to get 10% off your ticket to Educating for Liberty Mises Circle in Tampa on February 22: Mises.org/Tampa25The Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree

Murphy recently squared off against Nathan Tankus in a ZeroHedge debate focusing on Austrian economics vs. Modern Monetary Theory (MMT). Jonathan Newman watched the debate and selected three clips highlighting key areas of dispute. Jonathan and Bob elaborate on the issues and anticipate possible MMT replies.Bob's ZeroHedge Debate with Nathan Tankus: Mises.org/HAP484aBob and Jonathan's Tag-Team Mises University Lecture on MMT: Mises.org/HAP484bBob's Quarterly Journal of Austrian Economics Paper on The Deficit Myth: Mises.org/HAP483cWilliam Hutt's The Theory of Idle Resources: Mises.org/HAP484dUse code Action25 to get 10% off your ticket to Educating for Liberty Mises Circle in Tampa on February 22: Mises.org/Tampa25The Mises Institute is giving away 100,000 copies of Murray Rothbard's, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree

The economy has hit a hinge moment. For the past few years, inflation has been the big economic story — the fixation of economic policymakers, journalists and almost everyone who goes to the grocery store. But economists now largely see inflation as tamed. It's still a major political issue; the country continues to reel from years of rising prices, and there is a real affordability crisis. But that isn't all the next administration will have to deal with. So what does it mean to fight the next economic war rather than the last one?Jason Furman is an economics professor at Harvard and a former chair of the Council of Economic Advisers under Barack Obama. Furman has closely tracked the inflation crisis over the past few years, and he's deeply knowledgeable about how economic policy is made.In this conversation, we discuss why the inflation crisis upended the expectations of so many economists and what we've learned for the next time inflation strikes, what he expects to see with mortgage rates and the housing market, the upcoming fight over Donald Trump's expiring tax cuts, the good and the bad in Kamala Harris's housing policy and why there seems to be so little concern from either party about the ever-growing U.S. debt.Mentioned:“The Economic Theory Behind JD Vance's Populism” with Oren Cass on The Ezra Klein Show“Trump's Most Misunderstood Policy Proposal” by Oren Cass“In Defense of the Dismal Science” by Jason FurmanBook Recommendations:How the World Became Rich by Mark Koyama and Jared RubinThe Goodness Paradox by Richard WranghamThe Ladies' Paradise by Émile ZolaThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris, with Kate Sinclair. Our senior engineer is Jeff Geld, with additional mixing by Isaac Jones, Efim Shapiro and Aman Sahota. Our senior editor is Claire Gordon. The show's production team also includes Annie Galvin, Elias Isquith and Kristin Lin. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Tyler Cowen, Veronique de Rugy, Desmond Lachman, Lindsay Owens, Nathan Tankus, Isabella Weber and Sonia Herrero. Soon, you'll need a subscription to maintain access to this show's back catalog, and the back catalogs of other New York Times podcasts, on Apple Podcasts and Spotify. Don't miss out on exploring all of our shows, featuring everything from politics to pop culture. Subscribe today at nytimes.com/podcasts.

 It's Hump Day! Sam and Emma host economist Nathan Tankus, proprietor of the Notes on the Crises newsletter, to discuss the debt ceiling negotiations. Then, they're joined by Jessica Valenti, author of the Abortion, Every Day newsletter on SubStack, to discuss the recent anti-aborton laws being passed in state legislatures across the country. First, Sam and Emma run through updates on the GOP's increasing demands for cuts (and spending), student loan forgiveness, a collab between Tiny D and Tiny E, fascist legislation in South Carolina, Florida, and Montana, and Target's response to homophobic violence at their stores, plus, John Roberts addresses concerns about internal Supreme Court ethics problems by assuring us it'll be addressed internally. Nathan Tankus then joins, diving right into the complete incompetence within Democratic leadership that led up to this debt ceiling debacle, including the “lessons” Biden is taking from last decade's debt ceiling debacle, and why they refused to make a plan B in case the obstructionist GOP obstructed. Next, he, Sam, and Emma tackle the balance between maliciousness and incompetence within both parties, before parsing through the unilateral actions Biden COULD take (including the platinum coin), and why Democrats love to manufacture their own failures. Jessica Valenti then shifts the conversation to the Republican attack on reproductive health, tackling the massive problems presented by the GOP's “exceptions,” why, despite the discourse, they have little to no practical effect on actually getting vulnerable people abortions, and why taking them seriously only puts more lives in danger. After parsing through the particulars of Republican states' legislative strategy, they look to the likelihood of a National Ban, and greater tactics of chipping away at reproductive freedom for all Americans. Wrapping up, they explore the relationship between attacks on reproductive healthcare and transgender healthcare, and reflect on two decades of failing Democratic messaging. And in the Fun Half: Benny Jonhson gets schooled on Twitter spaces, Rep. Crane from Arizona makes a fool of himself in Congress, and Target concedes to violent homophobes, taking LGBTQ merch out of stores. Emma and Sam tackle Lauren Boebert's recent anecdote in the wake of her divorce, and discuss alternative debt ceiling tactics, plus, your IMs! Check out the Notes on the Crises newsletter here: https://www.crisesnotes.com/#/portal   Check out the Abortion, Every Day newsletter https://jessica.substack.com/ Become a member at JoinTheMajorityReport.com: https://fans.fm/majority/join Subscribe to the ESVN YouTube channel here: https://www.youtube.com/esvnshow Subscribe to the AMQuickie newsletter here: https://am-quickie.ghost.io/ Join the Majority Report Discord! http://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Get the free Majority Report App!: http://majority.fm/app Check out today's sponsors: Nutrafol: You don't have to choose between better hair growth and your health. There's a holistic solution for men that promotes both healthier hair and whole-body wellness: Nutrafol. Nutrafol is the #1 dermatologist-recommended hair growth supplement, clinically shown to improve your hair growth, thickness, and visible scalp coverage. You can grow thicker, healthier hair AND support our show by going to https://nutrafol.com/ and entering the promo code “TMR” to save ten dollars off your first month's subscription. Rhone: Upgrade your closet with Rhone and use MAJORITYREPORT to save 20% at  https://www.rhone.com/MAJORITYREPORT Follow the Majority Report crew on Twitter: @SamSeder @EmmaVigeland @MattBinder @MattLech @BF1nn @BradKAlsop Check out Matt's show, Left Reckoning, on Youtube, and subscribe on Patreon! https://www.patreon.com/leftreckoning Subscribe to Discourse Blog, a newsletter and website for progressive essays and related fun partly run by AM Quickie writer Jack Crosbie. https://discourseblog.com/ Check out Ava Raiza's music here! https://avaraiza.bandcamp.com/ The Majority Report with Sam Seder - https://majorityreportradio.com/

Nathan Tankus is a popular writer for a newsletter titled, *Notes on the Crises* and is the research director of the Modern Money Network. Nathan is also a returning guest to Macro Musings, and he rejoins the podcast to talk about modern monetary theory and the debt ceiling. Specifically, David and Nathan discuss the future of MMT, the case for minting the trillion dollar coin, the prospects of issuing Federal Reserve securities, the history of the Fed's operating procedures, and a lot more.   Transcript for this week's episode   Nathan's Twitter: @NathanTankus Nathan's Substack, Notes on the Crises Nathan's Modern Money Network profile   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our new Macro Musings merch!   Related Links:   *The New Monetary Policy: Reimagining Demand Management and Price Stability in the 21st Century* by Nathan Tankus   *Federal Reserve Issued Securities: Not Such A Crazy Idea After All* by Nathan Tankus   *The Federal Reserve's Monetary Policy Operating Procedures Have Come Full Circle: What Does That Mean for the Post-SVB FOMC Meeting?* by Nathan Tankus   *An MMT Response on What Causes Inflation* by Nathan Tankus, Rohan Grey, and Scott Fulwiler   *Issues Raised by the Credit Crunch and Global Recession* by Janet Yellen

On todays episode of Forward Guidance, Nathan Tankus Author at Notes on the Crises joins the show for a deep dive into the shadow banking system, recent financial crises and the current state of the banking system post SVB's collapse.  Questioning conventional monetary theory, Nathan outlines his thesis authored in a recent paper released in January 2022 "The New Monetary Theory". Nathan also shares his thoughts on the current FDIC limit of $250,000 and how an increase in this limit could help prevent future bank panics. To hear all this and more, you'll have to tune in! -- Subscribe To Notes on the Crises: https://www.crisesnotes.com/ Follow Nathan on Twitter: https://twitter.com/NathanTankus Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ -- Referenced In The Show:  THE NIGHT THEY REREAD POZSAR (IN HIS ABSENCE): https://www.crisesnotes.com/the-night-they-reread-pozsar-in-his-absence/ The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry: https://www.amazon.co.uk/Best-Way-Rob-Bank-Own/dp/0292754183  THE NEW MONETARY POLICY: https://files.modernmoney.network/M3F000001.pdf?ref=crisesnotes.com The Federal Government Always Money-Finances Its Spending: A Restatement: https://www.crisesnotes.com/the-federal-government-always-money/ — Use code GUIDANCE10 to get 10% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023  Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/ -- Timestamps: (00:00) Intro (03:20) What Is Shadow Money? (14:51) The Collapse of SVB (22:42) The Bank Term Funding Program (29:29) The March Banking Panic Was NOT A Systemic Crisis (31:23) The Savings & Loans Crisis (37:37) Bank Crisis... But The Fed Hiked Rates? (45:17) The New Monetary Policy (01:04:03) Modern Monetary Theory (01:13:03) Re-Thinking Government Borrowing -- Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

It's Hump Day! Emma hosts Aris Komporozos-Athanasiou, associate professor of sociology at University College London (UCL), to discuss his recent book Speculative Communities: Living with Uncertainty in a Financialized World. Then, Emma is joined by economist Nathan Tankus, proprietor of the Notes on the Crises newsletter, to discuss recent developments at the Federal Reserve and Silicon Valley Bank. First, Emma runs through updates on an impending recession, Memphis reinstating Justin Pearson to the Tennessee Statehouse, the identity of the Louisville shooter, Dianne Feinstein's retirement, the drying of the Colorado River, and Alvin Bragg's response to the attacks on him from the right, before diving into the recent letter from Rashida Tlaib and other progressive congressional members calling for the release of Julian Assange. Aris Komporozos-Athanasiou then dives right into defining “speculative communities,” as a community defined and united by its uncertain future, resigned to collective contemplation and anxiety with no solid structural support, before stepping back to explore “speculation” as a deterministic economic concept – an individual taking an unwanted risk for future gains – versus looking at it from a community perspective, as an open-ended engagement with our uncertain futures. This brings Professor Komporozos-Athanasiou to the topic of “political speculation,” which he defines as the weaponization of instability to capitalize on the confusion and anxiety it creates, as seen in the rise of right-wing populism in the wake of the 2008 financial crisis. Wrapping up, he and Emma tackle the role of enclosure in cutting off other community outlets for anxiety and structures for stability. Nathan Tankus and Emma then walk through what's wrong with the Federal Reserve, from the absurdity of putting one agency in charge of the economy, to its obvious obsession with one side of its dual mandate. They conclude the interview by addressing the Fed's response to the recent Silicon Valley bank run, and why the legislative deregulation of banking encourages administrative inaction. And in the Fun Half: Hua from Raleigh dives into the role of gentrification in community displacement, Emma addresses yesterday's Twitter drama, and the failures of popularism (especially in an electoral sense). Mitch from Glendale discusses Marianne Williamson's candidacy, Emma and Bradley tackle the disappearance of Dianne Feinstein, watch Tucker Carlson quiver at the feet of his forgiving lord (Donald Trump), Elon Musk argues that he HAD to fire most of Twitter's staff in order to waste money losing advertisers, and Jordan Peterson's guest offers some of the most disgusting anti-trans arguments yet, plus, your calls and IMs! Check out Aris's book here: https://twitter.com/ariskomporozos?lang=en Check out Nathan's newsletter here: https://www.crisesnotes.com/#/portal Sign the "Protect Choice Ohio" petition here: https://protectchoiceohio.com/ Become a member at JoinTheMajorityReport.com: https://fans.fm/majority/join Subscribe to the ESVN YouTube channel here: https://www.youtube.com/esvnshow Subscribe to the AMQuickie newsletter here: https://am-quickie.ghost.io/ Join the Majority Report Discord! http://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Get the free Majority Report App!: http://majority.fm/app Check out today's sponsors: Sunset Lake CBD: sunsetlakecbd is a majority employee owned farm in Vermont, producing 100% pesticide free CBD products. Starting today, all CBD products will be 30% off with coupon code “420”. Orders over $150 will get one FREE 20-count jar of gummies-Sour bears, good vibe gummies, or sleep gummies! 5% of all proceeds will be donated to the Last Prisoner Project-and The Majority Report will match those donations! Also, use code Leftisbest and get 20% off when you shop at http://www.sunsetlakecbd.com. StoryWorth: StoryWorth is an online service that helps every other figure in your life share stories through thought-provoking questions about their memories and personal thoughts. Get started right away with no shipping required by going to https://storyworth.com/majority you'll get $10 of your first purchase! Follow the Majority Report crew on Twitter: @SamSeder @EmmaVigeland @MattBinder @MattLech @BF1nn @BradKAlsop Check out Matt's show, Left Reckoning, on Youtube, and subscribe on Patreon! https://www.patreon.com/leftreckoning Subscribe to Discourse Blog, a newsletter and website for progressive essays and related fun partly run by AM Quickie writer Jack Crosbie. https://discourseblog.com/ Check out Ava Raiza's music here! https://avaraiza.bandcamp.com/ The Majority Report with Sam Seder - https://majorityreportradio.com/

Subscribe on Patreon and hear this week's full patron-exclusive episode here: www.patreon.com/posts/81319954 Bea and Artie speak with Nathan Tankus about the collapse of Silicon Valley Bank, and why popular reporting on the bank's collapse only scratches the surface of the extraordinary measures that made up the government's response. Nathan walks us through how the Federal Reserve tipped its hand last month at the power it has to intervene in political crises, and how to understand SVB's collapse, you have to understand what the Fed did in the early days of the pandemic. Get Health Communism here: www.versobooks.com/books/4081-health-communism Runtime 1:30:45, 10 April 2023

This week, we're joined by writer and Modern Money Network research director Nathan Tankus (@NathanTankus) to discuss the recent events with Silicon Valley Bank. Is the US Government going to insure all deposits? Have we nationalized a bank, but only in service of its creditors? Is this a re-run of 2008, but dumber? We discuss all this, and more, in the following episode. Check out Nathan's site ‘Notes on the Crises' here: https://www.crisesnotes.com If you want access to our Patreon bonus episodes, early releases of free episodes, and powerful Discord server, sign up here: https://www.patreon.com/trashfuture *WEB DESIGN ALERT* Tom Allen is a friend of the show (and the designer behind our website). If you need web design help, reach out to him here:  https://www.tomallen.media/ *MILO ALERT* Check out Milo's upcoming live shows here: https://www.miloedwards.co.uk/live-shows and check out a recording of Milo's special PINDOS available on YouTube here! https://www.youtube.com/watch?v=oRI7uwTPJtg Trashfuture are: Riley (@raaleh), Milo (@Milo_Edwards), Hussein (@HKesvani), Nate (@inthesedeserts), and Alice (@AliceAvizandum)

In this bonus episode of Money on the Left, Rohan Grey joins co-hosts Scott Ferguson and Billy Saas to assess the epistemological and political implications of the Silicon Valley Bank (SVB) failure. While orthodox economics and law tell us that economic crises are essentially matters of private risk and market discipline, Rohan, Scott and Billy argue that blatant federal mediation throughout the ongoing SVB crisis exposes money's public and contestable nature. Rather than another story of capitalist contradiction or bankers behaving badly, then, the SVB crisis opens contemporary money politics to a host of invaluable tools for a stable, just, and green transition: democratic state and municipal credit issuance; public digital banking; focused credit regulation and demand management; and full deposit insurance without arbitrary and destabilizing caps. For more on the significance of the unfolding crisis, see Nathan Tankus, “Every Complex Banking Issue All At Once: The Failure of Silicon Valley Bank and Five Quick Implications.”Visit our Patreon page here: https://www.patreon.com/MoLsuperstructureMusic by Nahneen Kula: www.nahneenkula.com

Nathan Tankus joins us to talk about inflation: what is it, what are the issues with how we measure it, and why do mainstream economists think austerity measures are the only way to tackle it? We also briefly discuss the Inflation Reduction Act. Subscribe to Nathan's newsletter at crisesnotes.com As always, support Death Panel at www.patreon.com/deathpanelpod Pre-orders are now live for Bea and Artie's book! Pre-order HEALTH COMMUNISM here: bit.ly/3Af2YaJ Death Panel merch here (patrons get a discount code): www.deathpanel.net/merch join our Discord here: discord.com/invite/3KjKbB2

Benjamin C. Wilson, Taylor Reid, and Max Sussman join the podcast to discuss their forthcoming co-written essay, “Food, Money, and Democracy: Cultivating Collective Provisioning for Resilient and Equitable Communities of Work.” Inaugurating our new journal, Money on the Left: History, Theory, Practice, the article politicizes what Sanjukta Paul and Nathan Tankus term “coordination rights” across monetary and production sectors and focuses on the coordination of food systems, in particular. Coordination rights are fundamental to the process of building resilient communities, our guests argue, determining whether social provisioning systems are “collective” or “concentrated.” In our conversation, Wilson, Reid, and Sussman consider several promising cases of collective provisioning, which prioritize democratic participation and ecosocial stewardship over the austerity and profit-maximization associated with concentrated industry. Such examples include La Via Campesina movement for Food Sovereignty, the Black Cooperative Movement in the U.S., and restaurant reactions to the early days of the COVID-19 pandemic. Lamenting the failures of such models when faced with systemic illiquidity, our co-authors also importantly extend collective coordination principles to monetary systems, exploring small and medium-scale monetary experiments that use food systems as a way to build community capacity.Visit our Patreon page here: https://www.patreon.com/MoLsuperstructureMusic by Nahneen Kula: www.nahneenkula.com

In this interview, I talk to writer Nathan Tankus (@nathantankus). Nathan is the creator of Notes on the Crises, a great macro-economic look at various aspects of the US economy. Nathan's work initially grew because of his substack of the same name, leading to a profile in Bloomberg, leading to a wave of new readers. Over the course of this interview, Nathan and I talk about unions, unemployment, the federal reserve bank, and comparing the economic responses toward working people in the 2008 financial crash versus the 2020 pandemic. We also talk about his decision to leave Substack for his own platform. In addition to how he feels about being a modern-age thought leader in the economic space. I would also recommend listening to a previous podcast episode on The History of the Federal Reserve with Steve Campbell which is available on Apple Podcasts and Spotify. 00-1:05 - Housekeeping 1:05-3:00 - Introduction of Nathan 3:04- How does he feel about being a thought leader in economics? 5:34 - What did his Bloomberg profile mean for his career? 8:00 - Newsletters and substack intro 9:03 - Nathan on why he left substack? 15:02 - Does Nathan see himself as a creator, an economist, or a hobbyist? 17:26 - What is the economy? 20:53 - Intro to the economy 21:17 - If the economy is up, does that mean the economy is good? 23:32 - The relationship between the stock market and the economy 28:15 - What is the federal reserve? 31:04 - Why is the fed controversial? 33:18 - The true/not true about criticisms of The Fed 35:26 - Comparing 2008 to 2020 role of The Fed 39:10 - The 2020 response 42:21 - Is the good economy hurting the labor shortage? 44:10 - Thoughts on the labor shortage 49:29 - Thoughts on unionization 53:09 - What is something about Nathan or his work that gets misconstrued? 55:29 - What is one thing about the economy that Nathan would change? 59:40 - How can people get in contact with you? 1:00:34 - Closing remarks

Welcome to episode 115 of Activist #MMT. Today I talk with PhD political scientist, author, and MMTer, Joe Firestone about the many reasons why "printing money causes inflation" is wrong. The of this conversation can be found on YouTube/Kerberos media. (A list of the audio chapters in this episode can be found at the bottom of this post.) This conversation was inspired by the middle of with Graham Elwood. Graham expresses concern with "all this money printing" during the coronavirus pandemic as the primary cause of "all this inflation". At the same time, he's a strong advocate for helping those who need it most, such as with healthcare, education, and union and worker rights. These two things are contradictory. The government can only spend by creating more money, and there is little the government can do without spending as part of the process. The assertion that government money creation is inherently and always harmful, is very close to saying that the government doing anything for anyone is inherently and always harmful. When the government does less, who always gets the short end of the stick? The answer, of course, are those who already get the short end of the stick. (The full segment with Graham, which is about ten-minutes long, can be found in full after today's closing music.) This conversation with Joe, our sixth episode on my podcast, is, as always, enlightening. My biggest takeaways are the following: the only thing that can be inflationary is: money that is created, that goes into the hands of citizens (in the real economy), who spend it, in sectors of the economy that cannot increase production to meet that demand. Much of the money created by the government never reaches those hands to begin with, such as bank reserves and as through QE (or quantitative easing), or a potential . The money that does reach the real economy may be invested or spent overseas. Since taxes and debts are highly regressive, much of it isn't spent, but rather is used to pay off those debts and taxes. Much of the money that is spent, is done in sectors of the economy that can increase production to match the demand. The amount left over, that is indeed spent in potentially inflationary sectors, is very small. My second take away from Joe is that the government can do bold things that can greatly reduce inflationary pressures. Some of it requires little-to-no money creation, such as by jailing corrupt CEOs, prosecuting and preventing price gouging, negotiating pharmaceutical prices, and increasing union and worker rights. Some of it may require lots of money creation, such as by providing healthcare, education, and a livable planet for all. The world is not zero-sum, it's positive sum. Some kinds of government spending is desperately needed and obviously beneficial. Some kinds of current spending is terribly harmful. The idea that government spending can only be harmful is, in addition to being wrong, anti-government, and more precisely anti-poor, propaganda. If you like what you hear, then I hope you might consider becoming a monthly patron of Activist #MMT. Patrons have exclusive access to several full-length episodes, right now. {A full list is , each with a brief highlight.} Patrons also get the opportunity to ask my academic guests questions, such as my recent episode . They also support the development of my large and growing collection of . To become a patron, you can start by going to . Every little bit helps a little bit, and it all adds up to a lot. Thanks. And now, on to my conversation with Joe Firestone. Enjoy. Resources Fadhel Kaboub's interviews on inflation with , , and 2022 paper by Andrés Bernal: 2019 Financial Times post by Scott Fullwiler, Rohan Grey, and Nathan Tankus: () 2021 post by Jonathan Wilson, 2011 post by John Harvey, Audio chapters 6:39 - Hellos 8:08 - My new introduction post- A political introduction to real-world economics 8:59 - My current understanding of "printing money causes...

Here's an episode for those Marxists curious about MMT and MMTers curious about Marxism. Steve's guest is comfortable identifying as both. Tony, better known as 1Dime on social media, believes MMT is not a threat to Marxism because it's like comparing apples to oranges. They are designed to explain two different things. “Modern Monetary Theory is about understanding monetary operations in a fiat currency world – how things are financed. It's a narrow theory.” He's careful about labeling himself, but in the marketplace of ideas, Tony says: “I find myself leaning the closest to Marxism in terms of its method because it sees things through the lens of class struggle and puts forth a first and foremost materialist view of history. I think that's very important because typically a lot of people will look at history as an evolution of ideas and will look at the individual as isolated from society. Marxism looks at things as an interconnected reality filled with contradictions.“ The ontology of Marxism is only part of the picture. “I think the word dialectical is often thrown around by Marxists. A lot of people don't know what it means … put simply, dialectics is looking at contradictions between things. You can't explain the world through one dimensional narratives. There are contradictions. For example, people often talk about the elites versus the people. You hear that a lot with both right and left populist pundits. Marxists wouldn't see it as so simple.” Class struggle is not always vertical. Covid revealed the contradictions within the ruling elite: some capitalists benefited from the pandemic, while others were hurt by it. MMT's explanation of the role of taxes gets pushback from some who call themselves socialists. If we don't need their tax dollars to pay for federal programs, are we letting the rich off the hook? Tony says taxing the rich can be used to reduce inequality, but it doesn't touch the root of the problem. We're not going to solve capitalism through taxation. The interview covers a range of topics, from cryptocurrency to Chris Hedges – all through the double lens of Marxism and MMT. (If you liked this episode, check out Steve'shttps://realprogressives.org/podcast_episode/episode-68-reframing-marx-through-modern-monetary-theory-with-nathan-tankus/ ( interview with Nathan Tankus). It's from 2017 and still relevant.) Bio: Tony runs the YouTube channel 1Dime, where he makes leftist video essays and short documentaries that use ideas from Critical Theory, philosophy, and political economy to deconstruct hot socio-political topics. Notable 1Dime videos include "The Deficit Myth: The Biggest Lie in Politics", "The Burnout Society", "Planet of the Robots: Four Futures of Automation", and "The Socialism of Warren Buffett: How the Stock Market Works." He also runs a podcast called 1Dime Radio with similar content in audio form. @TheRapNerd7 on Twitter

In the fifth episode of our in-depth MMT series, Pete and Sparky speak to autodidact macroeconomics guru, Nathan Tankus (@NathanTankus), research director of the Modern Money Network and editor of the beloved Substack newsletter Notes on the Crises. This episode was originally published on December 2, 2020 on the Current Affairs podcast feed, and is being republished now as the Rabbithole podcast picks up the question of "is MMT real?" Please excuse any outdated references, and stay tuned as we continue our investigations down the rabbithole. This episode was edited by Dan Thorn (@danieljtvthorn) of Pink Noise Studios in Somerville, MA, and it features theme music by Danny Bradley. If you liked the podcast, please consider supporting our investigations on our Patreon. Find Pete on Twitter at @PeteDDavis and Sparky at @sparkyabraham

Subscribe on Patreon and hear this week's full patron-exclusive episode here: www.patreon.com/posts/62252204 Nathan Tankus returns to help us analyze the Biden administration's claim that "America is the only leading economy in the world where the economy is stronger than before the pandemic"—despite, you know. All the deaths. Pre-orders are now live for Bea and Artie's book, Health Communism, out October 18th from Verso Books. Pre-order Health Communism here: bit.ly/3Af2YaJ Runtime 1:21:57, 7 February 2022

In this episode, co-hosts Natalie Smith and Maxximilian Seijo argue that the pandemic not only killed neoliberalism as a tacit ideological formation; it also revealed how neoliberal truisms have never captured the actual causal mechanisms and potentials that defined the past 50 years. Fleshing out these claims, Naty and Maxx journey through the work of rockstar economic historian Adam Tooze, focusing in particular on his widely-hailed recent book, Shutdown: How Covid Shook the World's Economy (2021). Naty and Maxx affirm Tooze's characteristically thorough demonstration of the myriad ways that the world-wide response to the pandemic, however inadequate, dismantled the pillars of neoliberal governance. Yet they also critique the elitist complicity of Tooze's methodological commitment to historical immanence and inevitability, tracing such impulses to back to John Maynard Keynes' fatal dismissal of Abba Lerner's proposal to do away with balanced budgets and revenue-constraints. For the Superstructure crew, by contrast, proceeding “in medias res,” as Tooze puts it, requires an abolitionist attunement to genuine conditions of injustice and possibility, from #Defund and ongoing labor strikes to contests over #MintTheCoin and the Green New Deal. During the conversation, wisecracks and burns abound, per usual. This one, too, is packed with citations, including loving shoutouts to David Stein, Jakob Feinig, Mariame Kaba, Dan Berger, Emily Hobson, Alex Yablon, Nathan Tankus, and Rohan Grey. Link to our Patreon: www.patreon.com/MoLsuperstructure Music: “Yum” from “This Would Be Funny If It Were Happening To Anyone But Me” EP by flirting. http://flirtingfullstop.bandcamp.com Twitter: @actualflirting

In this episode, co-hosts Natalie Smith and Maxximilian Seijo argue that the pandemic not only killed neoliberalism as a tacit ideological formation; it also revealed how neoliberal truisms have never captured the actual causal mechanisms and potentials that defined the past 50 years. Fleshing out these claims, Naty and Maxx journey through the work of rockstar economic historian Adam Tooze, focusing in particular on his widely-hailed recent book, Shutdown: How Covid Shook the World's Economy (2021). Naty and Maxx affirm Tooze's characteristically thorough demonstration of the myriad ways that the world-wide response to the pandemic, however inadequate, dismantled the pillars of neoliberal governance. Yet they also critique the elitist complicity of Tooze's methodological commitment to historical immanence and inevitability, tracing such impulses to back to John Maynard Keynes' fatal dismissal of Abba Lerner's proposal to do away with balanced budgets and revenue-constraints. For the Superstructure crew, by contrast, proceeding “in medias res,” as Tooze puts it, requires an abolitionist attunement to genuine conditions of injustice and possibility, from #Defund and ongoing labor strikes to contests over #MintTheCoin and the Green New Deal. During the conversation, wisecracks and burns abound, per usual. This one, too, is packed with citations, including loving shoutouts to David Stein, Jakob Feinig, Mariame Kaba, Dan Berger, Emily Hobson, Alex Yablon, Nathan Tankus, and Rohan Grey.Link to our Patreon: www.patreon.com/MoLsuperstructureMusic: “Yum” from “This Would Be Funny If It Were Happening To Anyone But Me” EP by flirting.http://flirtingfullstop.bandcamp.comTwitter: @actualflirting

Welcome to episode 91 of Activist #MMT. Today I talk with Fadhel Kaboub about his personal story: his childhood in Saudi Arabia and Tunisia, being a parent, his love of music, and how music has become part of his parenting. Fadhel is an economics professor at Denison University in Granville, Ohio, and the president of , an interdisciplinary public policy think tank. The focus of his academic work is on how the lens of MMT can inform developing nations, which we talk about in the second half of part two. I've written to Fadhel's papers, posts, and appearances, a link to which you can find in the show notes. Today's story begins with a nine-year-old Fadhel at the center of a political drama between his two home countries of Saudi Arabia and Tunisia. When his grandparents in Tunisia fell ill, his father rushed home from his job in Saudi Arabia to take care of them. Saudi Arabia's immigration laws require foreign workers to give their employers not only their own passport, but also the passports of all their children. Unfortunately, when Fadhel's father left for Tunisia, the employer decided not to release Fadhel's passport, essentially holding the nine-year-old hostage. His family leveraged the media to shame Saudi Arabia into allowing the little boy to be reunited with his family. To this day, Fadhel has never seen his original passport. We then turn to the story of how Fadhel joined the fifth grade in Tunisia, with children who had a 3.5-year head start in learning French. This is the language spoken during half of the instruction time in the country. The overriding theme of Fadhel's story, however, is how there is no place on Earth where he is not considered an outsider or immigrant. Babies born in Saudi Arabia are only considered citizens if their father is a Saudi citizen. Fadhel's mother was a citizen but his father was Tunisian. When he moved to Tunisia, he had a Saudi accent and was unable to speak French. And now, even though a US citizen, he remains an immigrant. The experience, plus witnessing the experience of his parents and home countries, has greatly influenced and inspired not only his academic work but also his decisions as the parent of three little boys. This podcast, Activist #MMT, is dedicated half to academic concepts and half to the personal stories of how people, both laypeople and academics, came to MMT and how it changed them. The reason I believe these personal stories are so important is because it's not possible to separate the academic concepts from those who develop and promote them. This includes their personal stories: what they care about, and how they choose to use the power they have, or don't have. The idea was primarily inspired by Fred Lee in his 2009 book, , which was recommended to me by Nathan Tankus. Neoclassical economics would have you focus on only their maths and models, and not the discriminatory behavior of universities and journals, and those that back those universities, journals – and their economists. They would prefer you not look at any other discipline, such as history, culture, sociology, institutions, and especially politics. The entire neoliberal project would have you focus only on the how-are-you-gonna-to-pay-for-it question, and not the minor inconvenience of having to change the very foundation of human society, if we are not to go extinct in the coming decades. I talk much more about this concept of interdisciplinarity, in my introduction to with Richard Tye. But for now, onto my conversation with Fadhel Kaboub. This is part one of a two-part conversation. Enjoy. (By the way, my 12-year-old keeps asking to hear the story in the above highlight, over and over again. :) ) By the way number two: At the (very) end of every interview, the introduction is repeated in full but without the theme music. I started this long ago on listener request, for those who find the music irritating or distracting from what I'm saying. Resources with Money on the Left.

Welcome to episode 91 of Activist #MMT. Today I talk with Fadhel Kaboub about his personal story: his childhood in Saudi Arabia and Tunisia, being a parent, his love of music, and how music has become part of his parenting. Fadhel is an economics professor at Denison University in Granville, Ohio, and the president of the Global Institute for Sustainable Prosperity, an interdisciplinary public policy think tank. The focus of his academic work is on how the lens of MMT can inform developing nations, which we talk about in the second half of part two. I've written a post filled with links to Fadhel's papers, posts, and appearances, a link to which you can find in the show notes. Today's story begins with a nine-year-old Fadhel at the center of a political drama between his two home countries of Saudi Arabia and Tunisia. When his grandparents in Tunisia fell ill, his father rushed home from his job in Saudi Arabia to take care of them. Saudi Arabia's immigration laws require foreign workers to give their employers not only their own passport, but also the passports of all their children. Unfortunately, when Fadhel's father left for Tunisia, the employer decided not to release Fadhel's passport, essentially holding the nine-year-old hostage. His family leveraged the media to shame Saudi Arabia into allowing the little boy to be reunited with his family. To this day, Fadhel has never seen his original passport. We then turn to the story of how Fadhel joined the fifth grade in Tunisia, with children who had a 3.5-year head start in learning French. This is the language spoken during half of the instruction time in the country. The overriding theme of Fadhel's story, however, is how there is no place on Earth where he is not considered an outsider or immigrant. Babies born in Saudi Arabia are only considered citizens if their father is a Saudi citizen. Fadhel's mother was a citizen but his father was Tunisian. When he moved to Tunisia, he had a Saudi accent and was unable to speak French. And now, even though a US citizen, he remains an immigrant. The experience, plus witnessing the experience of his parents and home countries, has greatly influenced and inspired not only his academic work but also his decisions as the parent of three little boys. This podcast, Activist #MMT, is dedicated half to academic concepts and half to the personal stories of how people, both laypeople and academics, came to MMT and how it changed them. The reason I believe these personal stories are so important is because it's not possible to separate the academic concepts from those who develop and promote them. This includes their personal stories: what they care about, and how they choose to use the power they have, or don't have. The idea was primarily inspired by Fred Lee in his 2009 book, A History of Heterodox Economics: Challenging the mainstream in the twentieth century, which was recommended to me by Nathan Tankus. Neoclassical economics would have you focus on only their maths and models, and not the discriminatory behavior of universities and journals, and those that back those universities, journals – and their economists. They would prefer you not look at any other discipline, such as history, culture, sociology, institutions, and especially politics. The entire neoliberal project would have you focus only on the how-are-you-gonna-to-pay-for-it question, and not the minor inconvenience of having to change the very foundation of human society, if we are not to go extinct in the coming decades. I talk much more about this concept of interdisciplinarity, in my introduction to episode 81 with Richard Tye. But for now, onto my conversation with Fadhel Kaboub. This is part one of a two-part conversation. Enjoy. (By the way, my 12-year-old keeps asking to hear the story in the above highlight, over and over again. :) ) By the way number two: At the (very) end of every interview, the introduction is repeated in full but without the theme music. I started this long ago on listener request, for those who find the music irritating or distracting from what I'm saying. Resources Fadhel's 2018 interview with Money on the Left.

Subscribe on Patreon and hear the full episode here: www.patreon.com/posts/47886340 (Teaser) Nathan Tankus joins us for a review of the new Adam Curtis film "Can't Get You Out Of My Head." Runtime 1:31:33 DP EP 228, 22 February 2021

Economists Nathan Tankus and Marshall Steinbaum join us to discuss the biggest red herring argument leveraged against the single payer movement: how are you going to pay for it? We discuss what this question distracts from, how the answer is actually quite simple, and the number of ways a single payer system would have profound macroeconomic benefits. Nathan Tankus is Research Director at the Modern Money Network and the author of the publication Notes on the Crises. Marshall Steinbaum is an Assistant Professor of Economics at the University of Utah and Senior Fellow at the Jain Family Institute. This interview is part of Medicare for All Week 2021, our second annual limited series on building the movement for health justice. Every day from February 8-13 we'll be airing a new interview on single payer and the need for a national health system in America. To support Death Panel and make series like Medicare for All Week possible, become a patron at patreon.com/deathpanelpod Episode Transcript: bit.ly/M4AWeek-NathanMarshall-Transcript [PDF] www.deathpanel.net/m4aw206-nathan-tankus-marshall-steinbaum [html]

Welcome to episode 65 of Activist #MMT. Today is part two of my two-part conversation with third-year MMT activist Hannah Judson. In part one, Hannah described her journey to MMT and her just-begun MMT-informed sociology PhD program at Stonybrook University in Long Island, New York. Today we talk about a very different topic, which is mental illness and anxiety, and how these things are seen through and informed by MMT. Hannah and I both experienced a traumatic event in our childhood which will remain with us for the rest of our lives. She describes how she came to terms with this, how she manages it today, and how her Christianity influences her anxieties as well as her politics. We share MMT as a lens through which to see the world, our situations, and ourselves. I end by telling my own story. Regular listeners will not be surprised to hear that I have been strongly influenced by Fred Lee’s 2006 book, A History of Heterodox Economics – which coincidentally was recommended to me by Hannah’s now-housemate and MMTer, Nathan Tankus. The intellectual and academic concepts of economics are only half the picture. The other half is what Lee calls community history: the personal history and behaviors of those who develop, support, and benefit from those academic concepts. The assumptions, maths, and models of neoclassical economics cannot be separated from the century of discrimination endured by those who dare to call it wrong. In the same vein, the decades of genius comedy by Bill Cosby cannot be separated from the terrible crimes we now know that he has committed. It is not possible to draw a conclusion until one looks at the entire picture. Despite growing up with his comedy, I have decided to not listen to him again. The clearly-good work that I have done, including this podcast, my large set of , and many other things, cannot be separated from my own behavior and the consequences that it has caused. I have certainly committed no crimes and have always done the best that I could. I am also deeply ashamed of how some of my behavior has affected others, and especially how it has pushed away exactly those who I wish to work with and become closer to. I would also be lying if I said that I was not profoundly sad for the many opportunities lost and for how long it will take to even reach the starting line once again. This conversation with Hannah was one of the more important personal milestones I’ve experienced. I thank her for the space and support that I needed in order for it to happen.

Welcome to episode 65 of Activist #MMT. Today is part two of my two-part conversation with third-year MMT activist Hannah Judson. In part one, Hannah described her journey to MMT and her just-begun MMT-informed sociology PhD program at Stonybrook University in Long Island, New York. Today we talk about a very different topic, which is mental illness and anxiety, and how these things are seen through and informed by MMT. Hannah and I both experienced a traumatic event in our childhood which will remain with us for the rest of our lives. She describes how she came to terms with this, how she manages it today, and how her Christianity influences her anxieties as well as her politics. We share MMT as a lens through which to see the world, our situations, and ourselves. I end by telling my own story. Regular listeners will not be surprised to hear that I have been strongly influenced by Fred Lee’s 2006 book, A History of Heterodox Economics – which coincidentally was recommended to me by Hannah’s now-housemate and MMTer, Nathan Tankus. The intellectual and academic concepts of economics are only half the picture. The other half is what Lee calls community history: the personal history and behaviors of those who develop, support, and benefit from those academic concepts. The assumptions, maths, and models of neoclassical economics cannot be separated from the century of discrimination endured by those who dare to call it wrong. In the same vein, the decades of genius comedy by Bill Cosby cannot be separated from the terrible crimes we now know that he has committed. It is not possible to draw a conclusion until one looks at the entire picture. Despite growing up with his comedy, I have decided to not listen to him again. The clearly-good work that I have done, including this podcast, my large set of MMT resources, and many other things, cannot be separated from my own behavior and the consequences that it has caused. I have certainly committed no crimes and have always done the best that I could. I am also deeply ashamed of how some of my behavior has affected others, and especially how it has pushed away exactly those who I wish to work with and become closer to. I would also be lying if I said that I was not profoundly sad for the many opportunities lost and for how long it will take to even reach the starting line once again. This conversation with Hannah was one of the more important personal milestones I’ve experienced. I thank her for the space and support that I needed in order for it to happen.

Nathan Tankus joins us to discuss the long-awaited second coronavirus relief bill, $600 checks vs $2000 checks, and what we can expect from the crisis in 2021. DP listeners can get a discount on a subscription to Nathan's substack here: nathantankus.substack.com/deathpanel As always, support the show at www.patreon.com/deathpanelpod new Death Panel merch here (patrons get a discount code): www.deathpanel.net/merch

As a tumultuous, virus-stricken 2020 comes to an end, David is joined by Macro Musings producer Marc Dupont to discuss the highlights of the show throughout the past year. Specifically, they talk about the big macroeconomic themes and takeaways from the last 12 months, which guests and topics were most popular among listeners, what 2020 may have in store for monetary policy, and more.   A special thank you to all of the Macro Musings listeners around the globe who continue to tune in to the show week in and week out, especially during these tough and uncertain times. Stay tuned for more exciting content as we turn a new page in 2021.   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth   Marc’s Twitter: @marc_c_dupont   Related Links:   Top 10 Macro Musings Episodes in 2020:   Adam Tooze on Dollar Dominance, the Eurozone, and the Future of Global Finance - https://macromusings.libsyn.com/adam-tooze-on-dollar-dominance-the-eurozone-and-the-future-of-global-finance   Jim Tankersley on the State of the Middle Class and How to Boost Economic Growth - https://macromusings.libsyn.com/jim-tankersley-on-the-state-of-the-middle-class-and-how-to-boost-economic-growth   Eric Sims on New Keynesian Modelling and the Future of Macroeconomics in a Low Interest Rate Environment - https://macromusings.libsyn.com/eric-sims-on-new-keynesian-modelling-and-the-future-of-macroeconomics-in-a-low-interest-rate-environment   Paul Schmelzing on the ‘Suprasecular’ Decline of Global Real Interest Rates - https://macromusings.libsyn.com/paul-schmelzing-on-the-suprasecular-decline-of-global-real-interest-rates   Nathan Tankus on Public Finance in the COVID-19 Crisis: A Consolidated Budget Balance View and Its Implications for Policy - https://macromusings.libsyn.com/nathan-tankus-on-public-finance-in-the-covid-19-crisis-a-consolidated-budget-balance-view-and-its-implications-for-policy   Brad Setser on Addressing the Global Dollar Shortage and COVID-19’s Implications for Worldwide Trade Imbalances - https://macromusings.libsyn.com/brad-setser-on-addressing-the-global-dollar-shortage-and-covid-19s-implications-for-worldwide-trade-imbalances   Matthew Klein on Global Trade, Inequality, and International Conflict - https://macromusings.libsyn.com/matthew-klein-on-global-trade-wealth-inequality-and-international-conflict   Jim Bianco on Policy Responses to the Coronavirus: Details, Implications, and Concerns Moving Forward - https://macromusings.libsyn.com/jim-bianco-on-policy-responses-to-the-coronavirus-details-implications-and-concerns-moving-forward   Jon Sindreu on Global Financial Flows and the Balance of Trade - https://macromusings.libsyn.com/jon-sindreu-on-global-financial-flows-and-the-balance-of-trade   Scott Sumner on How Central Banks Should Respond to the Coronavirus Threat - https://macromusings.libsyn.com/scott-sumner-on-how-central-banks-should-respond-to-the-coronavirus-threat

Christian talks to teacher, astute commentator, and aspiring economist understander John Morrison about mainstream economic models.   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417   All our episodes in chronological order: https://www.patreon.com/posts/43111643   John Morrison on Twitter (@J_MoAGoGo): https://twitter.com/J_MoAGoGo   Steven Hail’s quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095   Our episode 7 with Steven Hail: https://www.patreon.com/posts/41780508   Our episodes explaining the Job Guarantee: https://www.patreon.com/posts/44698508   L. Randall Wray introductory video: https://www.youtube.com/watch?v=i35uBVeNp6c   Bill Mitchell’s blog: http://bilbo.economicoutlook.net/blog/   An MMT response on what causes inflation by Scott Fullwiler, Rohan Grey and Nathan Tankus: https://www.businesstelegraph.co.uk/an-mmt-response-on-what-causes-inflation/   An overview of chartalism: https://en.wikipedia.org/wiki/Chartalism   Books by Frederic Sterling Lee: https://en.wikipedia.org/wiki/Frederic_Sterling_Lee#Books   Debunking Economics by Steve Keen: https://www.amazon.co.uk/Debunking-Economics-Naked-Emperor-Dethroned/dp/1848139926   Transcript for opening monologue: https://www.patreon.com/posts/44757920    Show notes: https://www.patreon.com/posts/44722042 

This week, Tyler Goodspeed, the acting chairman and Vice Chairman of the White House Council of Economic Advisers, joined ahead of jobs day to react to the new consumer data. Arpit Gupta, assistant professor of finance at the New York University Stern School of Business, came on to talk about his new data showing how the pandemic is exasperated existing economic inequality in New York City and making economic mobility even more difficult. Then a What'd You Miss debate tackling one of the biggest cliches of 2020: there is no connection between the stock market and the economy. Nathan Tankus, research director of the Modern Money Network and publisher of the newsletter "Notes on the Crises" joined to put the adage to the test and explain why he thinks there is less disconnect than people think. Then Bloomberg Opinion columnist Nir Kaissar came on to offer the other side of the debate and explain why the idea is a cliche for a good reason.

We spoke with Nathan Tankus of Notes on the Crises, who writes about the pandemic-induced global depression and how policymakers should respond to it. Get on the email list at on.substack.com

This snippet comes from Money On The Left with Nathan Tankus, called Inflation and the Politics of Pricing, at around the 41 minute, 30 second mark.

Patricia and Christian talk to writer and research director for the Modern Money Network Nathan Tankus about the Great Financial Crisis of 2007/2008 and our current crises. Please help sustain this podcast by donating to our Patreon! Patrons get early access to our episodes and other patron-only content: https://www.patreon.com/MMTpodcast Support Nathan’s work: https://nathantankus.substack.com/p/im-turning-notes-on-the-crises-into Nathan’s articles: Is There Really A "Looming Bank Collapse?”: https://nathantankus.substack.com/p/is-there-really-a-looming-bank-collapse When Americans Don’t Riot, Politicians Feel Unrestrained: https://prospect.org/civil-rights/when-americans-dont-riot-politicians-feel-unrestrained/ The Federal Reserve's Coronavirus Crisis Actions, Explained (Part 7): https://nathantankus.substack.com/p/the-federal-reserves-coronavirus-468 Transcript of opening monologue: https://www.patreon.com/posts/39517212

In a very comprehensive discussion, Bob talks with Rohan Grey, Assistant Prof. of Law at Willamette University. Rohan is an expert on the history of US fiscal and monetary legislation, as well as Modern Monetary Theory (MMT). Mentioned in the Episode and Other Links of Interest: The YouTube version of this interview.Rohan Grey's CV, and his paper on the history of US coinage.Rohan's presentation on money as a creature of the law, not the State.Jon Stewart rips Paul Krugman on the trillion dollar platinum coin.Bob's original book review at Mises.org of Stephanie Kelton's book on MMT. George Selgin's response, which in turn prompted this post from Nathan Tankus.Kelton's book, The Deficit Myth. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)Bob's older critique of an MMT accounting argument.Bob Murphy Show ep. 18, interview with Warren Mosler.Bob's critique of fractional reserve banking.Bob on Bob Higgs on World War 2 (a portion of the presentation).Help support the Bob Murphy Show. For more information, see BobMurphyShow.com. The Bob Murphy Show is also available on iTunes, Stitcher, Spotify, and via RSS.

In a very comprehensive discussion, Bob talks with Rohan Grey, Assistant Prof. of Law at Willamette University. Rohan is an expert on the history of US fiscal and monetary legislation, as well as Modern Monetary Theory (MMT). Mentioned in the Episode and Other Links of Interest: The YouTube version (https://youtu.be/piQBTy6R0VA) of this interview. Rohan Grey's his paper (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3536440) on the history of US coinage. Rohan's presentation on money (https://www.youtube.com/watch?v=NUYcJGoZOYs&list=PLpiy5P1nIhVJDJMxYKgioSLkEddtP2895&index=5) as a creature of the law, not the State. Jon Stewart rips Paul Krugman (http://www.cc.com/video-clips/8tl067/the-daily-show-with-jon-stewart-paul-krugman---the-trillion-dollar-coin) on the trillion dollar platinum coin. Bob’s this post from Nathan Tankus (https://nathantankus.substack.com/p/the-federal-government-always-money). Kelton’s book, The Deficit Myth (https://www.amazon.com/gp/product/1541736184/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1541736184&linkId=f3aaf3d6766c74dd87e0957bf844203d). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Bob’s older critique (https://mises.org/library/upside-down-world-mmt) of an MMT accounting argument. Bob Murphy Show ep. 18 (https://www.bobmurphyshow.com/episodes/ep-18-warren-mosler-defends-the-essential-insights/), interview with Warren Mosler. Bob's critique of fractional reserve banking (https://mises.org/library/more-quibbles-problems-theory-and-history-fractional-reserve-free-banking). Bob on Bob Higgs on World War 2 (https://www.youtube.com/watch?v=V1rVXbAxLsE) (a portion of the presentation). Help support (http://bobmurphyshow.com/contribute) the Bob Murphy Show. The audio production for this episode was provided by Podsworth Media (http://podsworth.com/).

Una sorpresa bellissima: il sito di Nathan.Il cliente al centro.Gli argomenti e le dichiarazioni ufficiali dei famosi, a confronto.Lui senza istruzioni specifica, ma geniale.Il tool ? www.substack.comIl sito: ? https://nathantankus.substack.com/Tutto da conoscere. Forum, post, like: tutto attorno alla comunità

Scrivere per essere letti.Pagare per poter leggere.Cosa cambia ? Tutto.Nathan Tankus e' la chiave di un successo impensabile, basato su un pensiero chiaro, diretto e capacità di arrivare al suo pubblico.https://www.bloomberg.com/news/articles/2020-07-02/nathan-tankus-s-newsletter-subscribers-don-t-care-about-diplomasPazzesco il sito. Questo e' sapersi valorizzare.https://nathantankus.substack.com/

This snippet comes from Money On The Left with Nathan Tankus, called Inflation and the Politics of Pricing, at right around the one hour mark.

Zuckerberg non si piega a #stophateforprofit. In un comunicato ai dipendenti ha osservato che i grandi inserzionisti, partecipanti al boicottaggio, costituiscono una piccola parte delle entrate complessive di Facebook, e ha detto: "Non cambieremo le nostre politiche o il nostro approccio su nulla a causa di una minaccia a una qualsiasi percentuale delle nostre entrate". Diventare un guru dell'economia, senza laurea. È quello che è successo al 28enne Nathan Tankus: dopo aver lanciato la sua newsletter, ora vanta follower presso la Fed, la Commissione per i Titoli e gli Scambi, il Dipartimento del Tesoro americano ed è seguito su Twitter anche da giornalisti, think-tanker economici ed economisti di Wall Street. Il Tour de France si svolgerà in formato virtuale. I ciclisti gareggeranno su biciclette stazionarie nelle loro case. Si svolgerà in tre fine settimana, con sei tappe della durata di una o due ore ciascuna. La gara si svolgerà su Zwift, una piattaforma virtuale e sarà trasmessa in 130 nazioni.

Since his first appearance on the Nostalgia Trap in 2016, Nathan Tankus has gained a devoted following for his ideas on politics, economics, and global finance. His newsletter, Notes on the Crises, is closely watched by journalists, politicians, and economists, particularly after publishing a remarkable set of pieces on COVID-19 and the Federal Reserve in early 2020. In this conversation, he discusses the strangeness of his newfound celebrity, and offers his takes on this chaotic historical moment, from Bernie’s flame-out to the Black Lives Matter uprising . For a special subscription discount to Nathan’s Substack, go here: https://nathantankus.substack.com/subscribe?coupon=1a0be4be    

In episode #85, Patrick Ceresna and Kevin Muir welcome Brad Dunkley from Waratah Capital Advisors where they have a wide … Continue ReadingSending Money into the Future (guests: Brad Dunkley, Nathan Tankus)

Sam hosts Nathan Tankus, director of research at the Public Money Network, to discuss the Fed, PPP's shortcomings, and the incoming corporate consolidation post-Covid-19. Enjoy a 20% discount at Nathan Tankus' substack here! (https://tinyurl.com/y76aljt4) On today's show: Eric Trump claims coronavirus is Democratic hoax, will ‘magically’ vanish after 2020 election. Nathan Tankus, director of research at the Public Money Network, to discuss the Fed, PPP's shortcomings, and the incoming corporate consolidation post-Covid-19. Nathan goes over the basics of MMT, including: What is money? What gives it value? The relationship between debt and savings. Why the US government could, if it wanted to, use massive deficit spending to fund recovery programs without suffering the rumored ill effects of inflation. And more. On the fun half: Nancy Pelosi says all Dems wanted stabilizers for HEROES but they couldn't because of budgetary rules. Tim Ryan gives impassioned speech calling out GOP reps on House floor. Kevin McCarthy says HEROES Act is "socialist wishlist," cites weed, prisoners, illegals, and voting. Trade advisor Peter Navarro says death rate is high because more people are killing themselves, because of "stay at home" orders. A discussion on the merits of voting for Biden in the general. HHS Secretary Alex Azar does race science, says we're a "diverse population" and minorities have high co-morbidities. Become a member at JoinTheMajorityReport.com The AM Quickie is now on YouTube Subscribe to the AM Quickie at https://fans.fm/amquickie Make the AMQ part of your Alexa Flash Briefing too! You can now watch the livestream on Twitch Check out today's sponsor: Stamps.com: Whether you’re a small business sending invoices, an online seller shipping out products, or you’re just working from home and need to mail stuff, Stamps.com can handle it all with ease. Right now listeners get a special offer that includes a 4-week trial PLUS free postage AND a digital scale without any long-term commitment. Just go to Stamps.com, click on the Microphone at the TOP of the homepage and type in MAJORITYREPORT. The New Yorker publishes the best writing by the most influential authors in the world, with award-winning reporting, political commentary and cultural criticism, fiction and poetry, cartoons, and more. Now, you can get 12 weeks for just $6 — half the regular cost — plus a limited-edition tote bag. Get 12 weeks of The New Yorker for just $6, plus the limited-edition tote at newyorker.com/majority Hunt a Killer reinvents the way we interact with murder mysteries. Right now, just for our listeners, you can go to huntakiller.com/majority and use promo code MAJORITY at check out for 20% off your first box. Sunset Lake CBD is a majority employee owned farm in Vermont, producing 100% pesticide free CBD products. Great company, great product and fans of the show! Use code Leftisbest and get 20% off at sunsetlakecbd.com Buy Michael Brooks’ book Against the Web at Red Emma’s. Subscribe to AM Quickie writer Corey Pein’s newsletter at theend.substack.com Check out The Michael Brooks Show at patreon.com/tmbs and Michael Brooks Show on YouTube and the new TMBS website, TMBS.FM Check out The Nomiki Show at patreon.com/thenomikishow Check out Matt’s podcast, Literary Hangover, at Patreon.com/LiteraryHangover, or on iTunes. Check out Jamie’s podcast, The Antifada, at patreon.com/theantifada, on iTunes, or at twitch.tv/theantifada Follow the Majority Report crew on Twitter: @SamSeder @_michaelbrooks @MattLech @jamie_elizabeth @BF1nn

Who said “I have Marx in my bones and you have him in your mouth”? Listen to Nathan Tankus and find out.

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

Nathan Tankus is the director of research at the Modern Money Network, and a research fellow at the Global Institute for Sustainable Prosperity. Nathan is also the author of a number of articles on the Fed's recent activity at his Substack page titled “Notes on the Crises.” Nathan joins Macro Musings to talk about the post-Keynesian view of money, central bank independence, and the consolidated view of public finance, as well as evaluate the policy responses by the Fed and Congress to COVID-19.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Nathan’s Twitter: @NathanTankus Nathan’s Substack page: https://nathantankus.substack.com/   Related Links:   Bonus segment with Nathan: https://youtu.be/VPl0LYgttYI   *Monetary, Credit, and Fiscal Policies: A Collection of Statements Submitted to the Subcommittee on Monetary, Credit, and Fiscal Policies by Government Officials, Bankers, Economists, and Others (specifically a comment made by Albert G. Hart) by the Joint Committee on the Economic Report https://fraser.stlouisfed.org/files/docs/historical/congressional/1949jec_mcfpstate.pdf#page=332   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

we're back with part two of our chat with research director of the Modern Money Network, NATHAN TANKUS! we do a deep dive on MMT, the history of money, why US government debt is just another form of money and nothing to be afraid of, and how colonialism is more responsible for hyperinflation than monetary policy... and all general rudeness to economic status quo you've come to expect from the fellas. subscribe to his writing here!

research director at the modern money network, and number one guy whose writing about the fed and this depression i see shared on twitter NATHAN TANKUS joins us to tell us what the fuck is happening with the federal reserve, and a whole lot more! check out the modern money network! read and subscribe to his substack!

The fate of the economy remains extremely unclear. However there is little doubt that the Fed has taken dramatic steps to arrest the crisis. Not only has Jerome Powell’s Federal Reserve dusted off old tools that were designed during the last crisis, it’s engaged in unconventional actions, such as lending directly to municipal authorities, as well as becoming a player in the market for private sector corporate debt. Amid this crisis, Nathan Tankus, a researcher at the Modern Money Network, has emerged as one of the foremost experts on what the Fed has done, and what it’s capable of doing, through his widely read newsletter. He joined us on this episode to explain and contextualize the historic nature of the Fed’s actions so far.

Rohan Grey and Nathan Tankus join Money on the Left to discuss the flurry of debate about Modern Monetary Theory (MMT) arising out of the Coronavirus crisis. We focus, in particular, on the Modern Money Network’s multi-pronged efforts to illuminate and remedy the resulting economic devastation. At the center of our conversation is Rohan’s contribution to Rep. Rashida Tlaib’s “Automatic BOOST Act.” Known by the popular hashtag #MintTheCoin, Tlaib’s proposal calls on the U.S. Treasury to mint two trillion dollar platinum coins in order to deliver direly-need cash assistance via preloaded public debit cards for all—no exceptions. In response to dismissive critiques of the proposal as a gratuitous “gimmick,” we affirm #MintTheCoin’s political significance as a gimmick—whether as a critical parody of sound finance trickery or as a meaningful pedagogical ritual that makes public money creation visible. Along the way, we delve into Nathan’s now widely-hailed Substack newsletter: “Notes on the Crises: The Pandemic-Induced Depression from a Monetary Political Economy Perspective.” We reflect upon the inadequacy of Congressional action, paradigm-smashing moves by the Federal Reserve, and MMT’s strategic importance for the future of leftist struggle, both in the near- and long-term.For more information about Rep. Rashida Tlaib’s “Automatic BOOST Act” and #MintTheCoin, see here, here, and here. Sign up for Nathan’s Substack here.

This week, FedEx President & COO Raj Subramaniam joined to talk about about how the company is grappling with increased shipping demand while keeping their employees safe. Nathan Tankus, a research Director for the Modern Money Network, explained how a Medicare for all policy could serve as an automatic fiscal stabilizer for the U.S. economy. George Pyne, the founder & CEO of Bruin Sports Capital, went through the bottom line impact of the Olympics getting delayed. Then Curaleaf Executive Chairman Boris Jordan came on to talk about the company gaining essential service designation to stay open amid the pandemic and how demand has been impacted.

Wondering how to pay for a Green New Deal? Nathan Tankus breaks it down in ways you probably never considered. In combination with a Job Guarantee, America could do some amazing things. With the proper political environment, it might get that chance.

“How do you pay for The Green New Deal?” is a serious question in today’s political environs -- though as Nathan Tankus clarifies, not for the reasons you might think. In Part 3 of his interview with Steve Grumbine, he recognizes that MMT and the US Bond market don’t finance spending in financial terms but shows us how non-fiscal “pay-fors” can give the US economy resource room to reallocate workers and energy through financial and environmental regulation. This can be accomplished without interest rate management and raising taxes to appease those who still believe the US is constrained by debt.   The Green New Deal and a Job Guarantee will make it possible to identify which areas in the US need more resources allocated to them simply by analyzing how many citizens sign up for the program. While the state of the US economy is oft described as a whole, the number of people entering the job guarantee program can show what counties are affected more by poverty and unemployment and allow them to remain in their home regions rather than flock to major urban centers to seek employment.   He also notes that the largest American cities are coastal and would be first affected by the rising waters due to climate change. Rather than drive people to those regions, we should be planning escape routes when those cities become uninhabitable. Describing a recent video narrated by Alexandria Ocasio-Cortez, Nathan points out how an army of workers is going to be needed to help rebuild areas that are destroyed by natural or man-made disasters.   Using the example of how Syria endured years of drought which drove rural workers to city centers to find work, Nathan shows us how many poor & unemployed young people are now basically housed in prisons and argues that they should be emptied, primarily for moral reasons, but also to increase the productive capabilities of the United States. He cites the example of inmates being utilized as (unpaid) firefighters in California to show that we already do this to a limited extent and in an immoral way.   The remainder of the interview deals with Balance of Payments. Nathan explains that countries can have either a balance of payments deficit or surplus, depending on outflows such as payments for exports, interest payments and dividend payments netted with payment inflows. The addition of all balances of payments from all countries will, therefore, theoretically be zero. Monetary Sovereignty is a spectrum. Most countries in the world pay globally in US dollars because the large sums of debts and treaty obligations are denominated in dollars -- which in turn lead to exports and imports "invoiced" in dollars, which prevents countries from using their own currencies in payments. Thus, dollar exchange rates and interest rates are very important.   Nathan and Steve then examine the concept of the International currency hierarchy and the two elements that determine a country’s standing: Financial Strength and Physical Resources. A country can have a large current account deficit and a pegged currency but be rich in physical resources -- and be in equal or better standing than a country with a current account surplus and full monetary sovereignty but with few physical resources.   In closing, Nathan compares how US states have current account positions with one another, similar to those between Eurozone states. However, understanding this relationship is difficult because no records have been kept - and the data could be distorted to criticize states with large deficits as lazy or delinquent, simply because they have fewer jobs or lower incomes. Such data could be used by ‘bad actors’ who wish to divide people based on race.   Armed with this information, America could do some amazing things using the Green New Deal and the Federal Job Guarantee   Nathan Tankus is Research Director at Modern Money Network.   @NathanTankus on Twitter

Why is poverty so expensive? What is a true public bank? How do we guarantee housing as a right? What is a just transition? Join Steve and special guest Nathan Tankus

Public banking is a hot topic in progressive circles. We at Macro n Cheese support it as long as it serves the public purpose, but not all visions of public banking are equal. Luckily, we have Nathan Tankus to help us navigate the shoals. In this second episode of a three-part series, Nathan begins by addressing the overall question of banks as public institutions. All banks, whether private, public, or democratic cooperatives, are given government charters and must abide by regulations. There may be similarities in the structure of governance, but when it comes to incentives, they are very different creatures. Nathan compares the different kinds of banks, including China’s state-owned banking system and looks at possibilities for regulations and services. Steve brings up proposals for infrastructure banks and the concept of financing public spending through a network of public banks. Some of these ideas don’t necessarily jibe with the MMT perspective; Nathan, Raul Carrillo and Andres Bernal recently wrote an article in Business Insider making the case that the federal government must pay for the Green New Deal. Full stop. The power of the federal purse is far superior to public-private partnerships or, worse, nudging the private sector to finance local public projects. Public banks can and should provide much-needed services -- at present, state and local governments keep their funds in, and make payments through, private banks that charge astronomical fees for the privilege. (We’re looking at you, Wells Fargo.) Nathan explains what it means to be “unbanked” or “underbanked,” as with individuals and communities who are denied services by the private banking industry. Much of this is taken for granted by those who have always had access. Banks provide a place to cash a check or receive automatic deposits from one’s employer, not to mention mortgages and car loans. In the US, the poor are crowded out of the banks and pushed towards predatory actors like check-cashing and payday lenders -- the high cost of poverty. Public and postal banks would provide normal banking services for those who are traditionally excluded. Nathan suggests that rather than simply making loans, public banks should award grants and emergency funds to individuals. In the second half of the episode, Steve and Nathan turn to a positive vision of the future. Steve refers to the combination of the Green New Deal, Medicare for All, a Federal Job Guarantee and a universal right to housing as an end-to-end, 360-degree plan to address inequality. Nathan looks at different aspects of each and how they are interconnected. For example, right now people migrate to a handful of metropolitan areas because that’s where they can find employment. With the job guarantee, previously abandoned communities can be revitalized, housing can be refurbished and retrofitted, and choices can be made based on preference rather than necessity. Nathan points out that a minimum wage is a leaky wage floor; it’s meaningless for those who don’t have a job. The FJG provides a true floor, forcing employers to compete with wages and benefits. Creating a “just transition” for unemployed coal miners will require more than FJG jobs. With the other social insurance in place, compensation will more nearly approximate their lost salaries. They will need childcare, supplemental income through an expanded Social Security or basic income, affordable housing, and free education. In the heat of this presidential campaign season, candidates are competing for our attention with complicated proposals. After listening to this episode you’ll be equipped to unpack their promises and assess them through a true MMT lens. https://www.businessinsider.com/green-new-deal-climate-change-government-spending-no-private-money-2019-9 Nathan Tankus is Research Director at Modern Money Network. @NathanTankus on Twitter

How is liquidity like monetary sovereignty? What is the repo market and why does it upset Jimmy Dore? Nathan Tankus gives the MMT perspective.

If you follow the financial press you’ve probably noticed some recent hysteria about the “repo market.” Since this involves the dealings of the Federal Reserve, it falls under our purview here at Macro ‘n Cheese. Because unraveling the strands of this dense subject requires someone more knowledgeable than we are, we called upon friend-of-the-podcast Nathan Tankus to help us out. Nathan is Research Director at Modern Money Network and can often be found on Twitter, educating the world about MMT. “Repo” simply refers to the repurchase of bonds. Banks and bond traders sell Treasury bonds back to the Federal Reserve with the understanding that they (the banks) will buy them back the following day. As Nathan points out, this is always spoken of from the point of view of the central bank as buyer; it could just as well be called the resale market. Why does this matter? Why do the banks sell back their Treasurys for such a brief period of time? When banks buy them back the price is higher due to the interest charged. So why do it at all? It turns out to be the mechanism by which banks ensure that they have enough balance reserves to ensure that their payments clear. To do this they need to deal with liquid assets, which can quickly be bought and sold and converted to "money" (or at least change the balance in their account). Nothing is more liquid than a Treasury bond. See? Perhaps the banking industry isn’t just lawlessness and anarchy after all? Well, they certainly want us to believe the system is self-regulating so we won’t demand that the lawmakers rein them in and protect the public. As Nathan explains it, concern about the repo market is much ado about nothing. The central bank has been doing these repurchase agreements since 1917 and during some periods they are a normal part of the Fed’s toolbox. But the 2008 financial crisis put a halt to the practice for a while. In response to the liquidity crisis (ie, the lack of liquid assets), the Fed created trillions of dollars of what most of us think of as bail-out money, which was distributed to all the banks. At that point, banks didn’t need to sell bonds to meet their reserve balances because they all had plenty. Thus, no need for repo. When repo agreements started up again, some in the media thought that, since it hadn’t been done since 2008, it must be a sign that there’s a new crisis at hand. It doesn’t help that the FDIC, headed by Trump appointee Jelena McWilliams, is investigating the central bank, insisting that the repo market is actually another bank bailout by the Fed. Somehow, people have forgotten that these have historically been normal activities. In this interview we learn the meaning of the liquidity trap -- and liquidity itself. We learn about settlement balances, quantitative easing, and overnight interest rates. We learn of regulations like Dodd-Frank and international banking agreements like Basel III. We learn how these things are connected to such far-flung historical events as Bretton Woods, the Yom Kippur War, and German postwar reparations. We learn why MMT economists have promoted a detailed understanding of monetary operations and argue that the banking system does not serve the public purpose. The next time you get spooked by a headline in the financial press, tune into this episode again. It all makes so much sense when explained by someone who knows what he’s talking about.  Nathan Tankus is Research Director at Modern Money Network. modernmoneynetwork.org @NathanTankus on Twitter

In this episode, we talk with Nathan Tankus, Research Director of the Modern Money Network, and Research Fellow at the Clarke Business Law Institute at Cornell Law School. Nathan recently co-authored an opinion piece in the Financial Times with Scott Fullwiler and former MoL guest Rohan Gray about MMT’s position on the causes of inflationLink to the piece: https://ftalphaville.ft.com/2019/03/01/1551434402000/An-MMT-response-on-what-causes-inflation/ In the conversation, we ask Nathan to expand upon and deepen his engagement with the inflation question in all its historical, political, and rhetorical complexity. More specifically we discuss the different historical approaches to inflation; how the Post Keynesian MMT perspective diverges from those approaches; the vital contributions of economist Fred Lee to the foundations of Modern Monetary Theory; as well as how we ought to be thinking about issues of inflation and growth as they pertain to the Green New Deal. The conversation is as compelling as it is challenging.

The rent is too damn high! Steve’s guest Nathan Tankus tells us why the faux rent control laws in some American cities are doing nothing to reduce ever-expanding housing insecurity & homelessness. Through the MMT lens, Nathan looks at the role of federal, state & municipal governments in exacerbating the problem, and shows us the way forward if we have the political will to take it on.

Rent control, redux. Back in 2017, Steve interviewed Nathan Tankus, of the Modern Money Network, shortly after the 1st MMT conference where Nathan spoke of the heterodox approach to planning housing affordability. With renters now the majority in major US cities, and homelessness on the rise throughout, we are re-releasing this as a podcast to introduce it to a whole new audience.   The US is plagued with problems of housing insecurity, gentrification, and rents that are too damn high. Nathan guides us through the ins and outs of the faux rent control laws in urban centers like New York, where landlords avail themselves of more loopholes than a crochet needle.   Modern Monetary Theory allows us the policy space to deal with unemployment, public health, and student debt. But how do we navigate the labyrinth of federal, state, and municipal issues that affect the cost of housing? US cities and states cannot literally create dollars but they can come surprisingly close by creating monetary value through zoning policies that can elevate or reduce trillions of dollars of land value overnight.     Peering through the lens of MMT, Nathan lays out the two major types of obligations that governments impose. The first is familiar to fans of this podcast: the direct monetary obligation to pay taxes, fines and fees. The second is the obligation to respect property rights. In the US this refers almost entirely to private property. So, if the lack of sufficient federal spending and planning are responsible for both joblessness and homelessness, then the government has a dual obligation to the public. Just as a job guarantee will eliminate unemployment, using the public planning and regulatory apparatus can eliminate housing insecurity and homelessness.   Nathan Tankus is Research Director at the Modern Money Network and Research Fellow at Clarke Business Law Institute at Cornell.   https://modernmoneynetwork.org/

Christian Reilly interviews Nathan Tankus, Research Scholar at the Modern Money Network (MMN) in the US to find out how currencies work, what makes them valuable. Learn about affects exchange rates, inflation, and what’s happening in Venezuela.  

Update: The original episode released this morning did not contain the extended interview. We've corrected that this evening. 7 May 2018 - Job Guarantee remains the talk of the Twitter town (nest?) as well as some mainstream media. Critics have been vocal and a core of MMT thought leaders have been guiding the response to the push-back. Nathan Tankus (@nathantankus), who is a research scholar at the Modern Money Network and a terrific follow on Twitter, is among those leaders and joins us for the interview. Will focuses in on the court case between the British and Scottish Parliaments and why that is another example of the losses incurred by the structures of norms which underlie both the US and UK systems of governments. I am on to the third part in my series on framing MMT. In this show I cover better and more accurate framing for neoliberal deficit, surplus and balanced budget memes. I think I have just one more week on framing before I hop onto another topic. Many Carrots to All - Arliss

7 May 2018 – Job Guarantee remains the talk of the Twitter town (nest?) as well as some mainstream media. Critics have been vocal and a core of MMT thought leaders have been guiding the response to the push-back. Nathan Tankus (@nathantankus), who is a research scholar at the Modern Money Network and a terrific follow on Twitter, is among those leaders and joins us for the interview. Will focuses in on the court case between the British and Scottish Parliaments and why that is another example of the losses incurred by the structures of norms which underlie both the US and UK systems of governments. I am on to the third part in my series on framing MMT. In this show I cover better and more accurate framing for neoliberal deficit, surplus and balanced budget memes. I think I have just one more week on framing before I hop onto another topic. Many Carrots to All – Arliss