In September, Joe Manchin came out with a good ol’ Wall Street Journal explainer titled, ‘Why I Won't Support Spending Another $3.5 Trillion.’ He declares: “An overheating economy has imposed a costly ‘inflation tax’ on every middle - and working-class American.”
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Merry Christmas everyone! Trevor talks about our current economic crisis and how an MMT-informed left should position itself going forward.
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In this episode, Trevor discusses some of the most important lies and logics that capitalists and economists use to defend our unequal and unjust world.
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We discuss the Job Guarantee and why we need it, how it compares to the UBI, and how it opens up horizons for a socialist future.
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Trevor explains Modern Monetary Theory (MMT), including how government spending actually works, why we tax, and the boundless nature of money.
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Trevor discusses the dialectic process and then covers chapters 1-3 of Marx's Capital.
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