Politics, Power, and Economics: A Deep Dive with Steve Grumbine

Ever wondered why modern monetary theorists have been alarmingly silent on the debt ceiling controversy? Or why Democrats, who traditionally champion labor causes, seem to have neglected critical issues like the Supreme Court and the potential for a Federal Reserve Bank-induced recession? These are the pressing questions we tackle in our riveting discussion with the insightful Steve Grumbine, founder of Real Progressives and host of Macro and Cheese.This episode is nothing short of a deep dive into the complex interplay of politics, power, and economics. We scrutinize the disturbing trend of weaponizing issues like student debt relief and Roe v. Wade for political gain, instead of providing substantial solutions. With Grumbine, we unravel the implications of attempting to implement systems like Medicare for All at a state level, without monetary sovereignty. We dissect Modern Monetary Theory (MMT), taxation and state credit, and debate the efficacies of building power outside the electoral process.In the latter part of our discussion, we navigate towards the international implications of monetary sovereignty, the national debt, and the role of money. Grumbine helps us dissect the power dynamics of government procurement and the economic systems at play. As we round up, we explore the potential of building power outside the electoral process, the dangers of reformism, and debate on the need for political alliances and collaborations. This episode is a must-listen if you're keen on understanding the intricate dynamics between politics, power, and economics. Join us as we pull back the curtain on these compelling issues.Send us Fan Mail Musis by Bitterlake, Used with Permission, all rights to BitterlakeSupport the showCrew:Host: C. Derick VarnIntro and Outro Music by Bitter Lake.Intro Video Design: Jason MylesArt Design: Corn and C. Derick VarnLinks and Social Media:twitter: @varnvlogblue sky: @varnvlog.bsky.socialYou can find the additional streams on YoutubeCurrent Patreon at the Sponsor Tier: Jordan Sheldon, Mark J. Matthews, Lindsay Kimbrough, RedWolf, DRV, Kenneth McKee, JY Chan, Matthew Monahan, Parzival, Adriel Mixon, Buddy Roark, Daniel Petrovic,Julian, Drea, Free Beer