Macro N Cheese

In March, Rohan Grey was the guest speaker on a Real Progressives National Outreach Call. He talked about his forthcoming book, Digitizing the Dollar: The Battle for the Soul of Public Money in the Age of Cryptocurrency. The title says it all.  In the midst of the pandemic, people are living with unprecedented financial insecurity. There’s no real sense of when they’ll be able to return to work or whether there will be jobs awaiting them. Rohan had been working with Representative Rashida Tlaib on her emergency assistance act, which is designed to provide relief funds of $2,000 a month to every man, woman, and child in the US. He explained the thinking that went into drawing up the bill, which is far more generous than any other coronavirus stimulus bill to this day.  Of special interest to proponents of MMT is the fact that the Treasury would finance the program through minting trillion-dollar coins. Rohan told us how this provides a legal workaround to arguments about the debt-ceiling.  The distributi