Macro N Cheese

**Every episode of Macro N Cheese has a full transcript and an “extras” page with links to additional resources. Find them at https://realprogressives.org/macro-n-cheese-podcast (realprogressives.org/macro-n-cheese-podcast/) Fadhel Kaboub introduces us to the best people, including Yeva Nersisyan, a Research Scholar at the Global Institute for Sustainable Prosperity who joined Steve to talk about a paper she recently co-authored with Randall Wray, "Are We All MMTers Now? Not So Fast." The COVID pandemic has put MMT in the news, with plenty of critics mistaking stimulus spending with “MMT policy.” This absurdity creates a convenient narrative for detractors: MMT is a failure! Our argument was that MMT-inspired fiscal policy is targeted fiscal spending and in particular spending on jobs. Job creation, the job guarantee that Pavlina Tcherneva has been talking a lot about... a jobs policy rather than just indiscriminate stimulus kind of policy. MMT economists were not at the table when COVID stimulus policy