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Welcome to episode 50 of Activist #MMT. Today is part two of my five-part conversation with one of the original developers of MMT, Mathew Forstater. Mat is a professor of economics at the University of Missouri Kansas City, or UMKC which, according to Sam Levey, who was my first-ever guest and is also UMKC economics PhD. student, is where MMT was born. Mat is also research director for the Global Institute for Sustainable Prosperity and research associate for the Levy Economics Institute at Bard College. (Here is a link to .) Today Mat starts by describing the difficulties endured by women and people of color throughout the economics discipline, whether heterodox or mainstream. We spend the bulk of our time, however, discussing the sad reality of unemployment statistics in the United States. This begins with the overly rosy and highly unrealistic U-3 measurement by the Bureau of Labor Statistics, or BLS. The less unrealistic measurement by the BLS is called U-6. I wouldn’t go as far as calling it "better," but it is less bad. What both leave out is the millions upon millions of Americans who simply do not exist as far as those statistics are concerned. Not only are they not counted in the report, this flaw is not even recognized or acknowledged as a flaw. The non-acknowledgment is perpetuated by media, the general public, and finally, lawmakers. As Mat describes in his chapter in the 2013 Encyclopedia of Race and Racism, called "Unemployment and Underemployment," those who are disappeared from the employment statistics include, among others, the homeless and phone-less, simply because the survey is conducted by phone. Further, because of the realities of our society, including de facto racism and slavery, such as the war on drugs and the 13th Amendment, black Americans are much more likely to end up in prison. This is because, since our federal representatives do not prevent mass suffering when they clearly could, many citizens choose to enter the military because it provides good pay and benefits, in exchange for the risk of being blown up. Of course, those who enter the military or are put in jail are usually among the most disadvantaged in society. In other words, these millions don’t just magically disappear from the labor pool, they are actively pushed out.
Welcome to episode 50 of Activist #MMT. Today is part two of my five-part conversation with one of the original developers of MMT, Mathew Forstater. Mat is a professor of economics at the University of Missouri Kansas City, or UMKC which, according to Sam Levey, who was my first-ever guest and is also UMKC economics PhD. student, is where MMT was born. Mat is also research director for the Global Institute for Sustainable Prosperity and research associate for the Levy Economics Institute at Bard College. (Here is a link to part one.) Today Mat starts by describing the difficulties endured by women and people of color throughout the economics discipline, whether heterodox or mainstream. We spend the bulk of our time, however, discussing the sad reality of unemployment statistics in the United States. This begins with the overly rosy and highly unrealistic U-3 measurement by the Bureau of Labor Statistics, or BLS. The less unrealistic measurement by the BLS is called U-6. I wouldn’t go as far as calling it "better," but it is less bad. What both leave out is the millions upon millions of Americans who simply do not exist as far as those statistics are concerned. Not only are they not counted in the report, this flaw is not even recognized or acknowledged as a flaw. The non-acknowledgment is perpetuated by media, the general public, and finally, lawmakers. As Mat describes in his chapter in the 2013 Encyclopedia of Race and Racism, called "Unemployment and Underemployment," those who are disappeared from the employment statistics include, among others, the homeless and phone-less, simply because the survey is conducted by phone. Further, because of the realities of our society, including de facto racism and slavery, such as the war on drugs and the 13th Amendment, black Americans are much more likely to end up in prison. This is because, since our federal representatives do not prevent mass suffering when they clearly could, many citizens choose to enter the military because it provides good pay and benefits, in exchange for the risk of being blown up. Of course, those who enter the military or are put in jail are usually among the most disadvantaged in society. In other words, these millions don’t just magically disappear from the labor pool, they are actively pushed out.
Today Mat talks about UFC Fight Night this Saturday and betting on the fights. Which Ones will make you the most money by spending little. and we talk Phil Knight one of the founders of nike.
Today Mat talks with Benoit Gagnon. An up and comer in the Comedy and music scene.
Today Mat talks about this weekend UFC. Setting Goals. Using a cup in BJJ. Weight Cutting. 4am Club
Today Mat talks about UFC on ESPN for the first event live on ESPN. and the new Movie Glass.
Today Mat talks about GloveDrop Music Battle. Also he talks about UFC and Boxing what a weekend. and Mat lets us know whats on hes mind to be a better Him.
Today Mat talks about how pissed off he is with the legalization of Cannabis in Canada.
Today Mat and Gowthaman talks about life and how funny and fucked up it is. we also talk about Comedy and what gigs we are doing!!!
Today Mat talks about the strains that he tried since Canada Legalize Cannabis. And Gowthaman talks about Montreal Comedy.
Today Mat talks about the strains that he tried since Canada Legalize Cannabis. And Gowthaman talks about Montreal Comedy.
Today Mat talks about recreational Marijuana in Canada and how the Government can make this work awesome. lounges and cafes are a must and I will tell you how we can do it with in 3 Months or sooner.
During our last episode we talked about a summer reading list... How can you read the most books possible during your summer break?... Learn to speed read. Today Mat gives some of the speed reading strategies that he has learned throughout the years. Margan references some cool speed reading technology that you can access through phone apps. For more information head to this website... http://www.spritzinc.com/ Or this website http://www.spreeder.com/
Today Mat and Summer disagree about the nature of laziness, then one of them is convinced that they were wrong. We also give some tips on how to overcome laziness and what some of the benefits of being productive are.
Today Mat and Summer talk about how you can tactfully end a friendship that you have realized is unhealthy for you.
Today Mat and Summer get back into podcasting action as they talk about Paul Tough's book How Children Succeed: Grit Curiosity, and the Hidden Power of Character. They discuss how character, which is something that can't be measured on standardized tests, is what really determines the success of a student throughout life. They also discuss how you can use your schoolwork to develop a better character.
It is the beginning of the Holiday Break in schools all across the country. Are you going to take full advantage of the break? Today Mat and Summer talk about how to make the most of your holiday break. You will hear great ideas regarding how to give yourself an emotional break, a social break, and a break from the pressures that come from being in school. Use your break to recharge your batteries and get ready for the coming of the rest of the school year.
Today Mat and Summer discuss responsibility. We are responsible for almost everything that happens to us and we are responsible for our reaction to EVERYTHING that happens to us.