Macro N Cheese

Ep 376 - Modern Monetary Theory & the Question of Democracy with Jim Byrne

Informações:

Synopsis

** Questions about MMT? Thoughts about the episode? Come to our online gathering, Macro ‘n Chill. Tuesday, April 21, 8pm ET/5pm PT. Use this link to register: https://us06web.zoom.us/meeting/register/RkspaP0RSNajdc69bqUmkAJim Byrne of MMT101 is back for a conversation that moves beyond the technical mechanics of Modern Monetary Theory to ask the tough questions. While affirming MMT’s core insight that a currency-issuing government doesn’t face financial constraint, only real resource limits, they argue that this knowledge is politically neutered by the structures of capitalism.Jim lays out a clear, accessible primer on how money actually works and breaks down the scarcity myth. But the real question isn’t can governments act, it’s who they serve when they do.Looking at the failure of bourgeois democracy, they talk about cultural hegemony and neoliberal ideology as well as class struggle vs. gradualism. The discussion touches on Scotland as a colony of Westminster and the limits of referendums under an imperia