007. Marcos on MMT - Yes We Can, for Real

alAndar w/ Marcos & Jim

It’s easy to think that the US Federal government is like a household, but where do dollars come from?

Marcos shares his views on the importance and need for modern monetary theory (MMT) - for rappers and for everyone else. Jim helps to build a common understanding of the terms and ideas discussed.

TIMESTAMPS

0:00 - Tax, Spending & Households

1:36 - Money: The power of an illusion?

2:48 - Questioning assumptions

3:10 - Hope: Currency issuing gov.

4:13 - Jim: Interest in investing

4:50 - Poetic, prophetic point of view

5:35 - The need to know what really money is.

6:59 - Taxation: the source of the value of money

8:44 - Econ for framing a moral vision.

9:30 - MMT money story

12:15 - Jim asks about MMT and inflation.

14:00 - MMT attempts to describe, not prescribe.

15:43 - Nominal vs. real

16:30 - Jesus understood taxes, authority & money.

18:00 Prosperity: resources developed.

19:56 - Price level, gov. & dev.

21:42 - Gov. can pay for full employment.

23:30 - Jim: Does resource framework still risk inflation?

26:50 - How MMT tackles inflation: systemic analysis

29:40 - Jim: Job guarantee vs. Universal Basic Income (UBI)

35:20 - Marcos responds: MMT ties spending to employment

45:20 - Jim reflects: Unemployment complicated, UBI versatile

54:30 - Marcos: MMT & public policy flexibility

Marcos and Jim, as independent artists, welcome and appreciate your support wholeheartedly! Consider adding the podcast to your favorite podcatcher, leaving a review, and sharing it with people you think would like it! Let's make the way on the way - al andar!

#alAndar #MarcosdelaGuagua #JimNog

MARCOS' LINKS

- Instagram: @marcos_de_la_guagua

- TikTok: https://www.tiktok.com/@marcosdelaguagua

- Twitter: @delaguagua

- Website: MarcosdelaGuagua.com

JIM'S LINKS

- Instagram: @jimnog

- TikTok: https://www.tiktok.com/@jimnog27

- Twitter: @jimnog

- Website: JamesNoguera.com

REFERENCES

- Pavlina Tcherneva: Pavlina-Tcherneva.net

- Fadhel Kaboub: denison.edu/people/fadhel-kaboub

- Stephanie Kelton: StephanieKelton.com

- Warren Mosler: MoslerEconomics.com

- The MMT Podcast: themmtpodcast.com

CREDITS:

- Art: James Noguera

- Music: Marcos de la Guagua & Jim Nog

- Episode edit: Marcos de Jesús

- Show notes: James Noguera & Marcos de Jesús

DISCLAIMERS:

- While we may opine on political or religious topics during our discussions, the main goal of the podcast is to talk about art.

- Silence or absence of opinion from one of us doesn't imply agreement or endorsement of the other's stance.