Macro N Cheese

L. Randall Wray is a founding father of Modern Monetary Theory and is always a welcome guest on this podcast. This is his SIXTH episode of Macro N Cheese. Our community recently celebrated Congressman Yarmuth’s statement in support of MMT and his shout-out to The Deficit Myth. Randy tells Steve he was invited to speak to Yarmuth and his staff in 2019. He had planned to make a presentation on the data to show deficit fears have never come true. And so I sent them a bunch of slides and they said, "Yeah, this is good, but we really want you to talk about MMT. This is what Yarmuth wants. And he said that we're all talking about this and the Democratic side is pretty much on board, they really do want to hear the explanation." Sounds promising, but we’re far from out of the woods. We’re facing multiple pandemics in addition to Covid - the pandemics of racism, inequality, climate catastrophe are but a few, each linked to each other. The climate crisis has caused a pandemic of fires, of heat, of ocean