Macro N Cheese

Scott Ferguson serves as editor of the Money on the Left (MotL) Editorial Collective and co-host of the Money on the Left podcast. In July, he was guest speaker at Real Progressives’ event, RP Live. This week, Macro N Cheese is presenting his talk, Money and the Limits of Sovereignty, in its entirety, along with most of the Q&A discussion. Trying to summarize the presentation would be doing it a disservice. The idea of sovereignty is one that has been a point of discussion – and a certain amount of controversy – among the MMT community for some time. The work of MotL has contributed enormously to expanding our understanding and considering it in a new, multi-faceted light. Scott begins with the semantic history of the term “sovereignty” and its use in 14th or 15th century Europe to introduce a new conception of political rule, though not always with consistency. It has been used to justify political philosophy on both the left and right. Yet fundamentally, for us, the logic of sovereignty is violent bec