An Inflated Sense of Inflation (w/ Stephanie Kelton)
Episode 220: Rumble w/ Michael Moore
The corporate class, the politicians that they fund, and the media that they own are currently using rising prices to ram an inflation panic down our throats and prevent the Democrats from passing any legislation that will help the American people with their health care, child care, elderly care or education costs. They are falsely using economic trends to argue against popular and necessary policies that they always fight against because those policies might cut into their profits.
To help me untangle the lies around the inflation panic and the so-called “labor shortage,” I asked the brilliant economist Stephanie Kelton to join me on Rumble with Michael Moore. We also discussed why it is foolish for Democrats to place the fate of their agenda in the hands of the Congressional Budget Office, what’s really going on with the economy, and how capitalists attempt to keep a pool of workers chronically unemployed and underemployed and desperate for work.
Stephanie is a Professor of Economics and Public Policy at Stony Brook University. She was chief economist for the U.S. Senate Budget Committee in 2015 was the senior economic adviser to Bernie Sanders’ 2016 and 2020 presidential campaigns and served on Biden-Sanders Unity Task Force to craft the progressive aspects of President Biden's agenda. She's the author of "The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy," and has her own Substack newsletter called, “The Lens by Stephanie Kelton.”
I hope you’ll give this a listen and share it with whoever needs to hear it.
Guess Who’s Coming To Thanksgiving Dinner
In next week’s episode, I’ll provide you with tips, coping techniques, and all the talking points you’ll need to survive Thanksgiving with your family. When confronted by your conservative Uncle Ned or your QAnon-following Aunt, I will arm you with facts and arguments to get you through the day. It’ll be like I’m there at the table with you!
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