Macro N Cheese

**A transcript is available for this and every episode of the podcast at https://realprogressives.org/macro-n-cheese-podcast/ (realprogressives.org/macro-n-cheese-podcast/) where you will also find an Extras page with links to resources related to the episode.** In one of the most exciting pairings we’ve had on this podcast, Michael Hudson and Steve Keen join Steve Grumbine to talk about geopolitics, international production and trade, the climate crisis, and a bit of MMT. Grumbine begins by asking them to address Warren Mosler’s position that imports are a benefit and exports are a cost. Keen and Hudson have a different take on this question, and we’ll be interested to hear how our listeners respond. “Well, America is going to make a killing on oil exports because the United States controls the world oil trade. The US is also a major agricultural exporter, and it'll make a killing because NATO has imposed sanctions on Russia, preventing Russia from exporting oil and food. It's the largest grain exporter