Money on the Left is a monthly, interdisciplinary podcast that reclaims money’s public powers for intersectional politics. Staging critical conversations with leading historians, theorists, organizers, and activists, the show draws upon Modern Monetary Theory and constitutional approaches to money to advance new forms of left critique and practice. It is hosted by William Saas and Scott Ferguson and presented in partnership with Monthly Review magazine. Check out our website: https://moneyon ...
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Heterodox Economics Podcasts
Foreign Policy economics columnist Adam Tooze, a history professor and a popular author, is encyclopedic about basically everything: from the COVID shutdown, to climate change, to pasta sauce. On our new podcast, Tooze and FP deputy editor Cameron Abadi will look at two data points each week that explain the world: one drawn from the week’s headlines and the other from just about anywhere else Tooze takes us. Check out Adam Tooze’s column at https://foreignpolicy.com/author/adam-tooze/.
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The 1st Annual E. F. Schumacher Lectures of October 1981 emphasized the importance of vibrant regional economies at a time when the focus of the nation was on an expanding global economy. Much has happened since then. The promise of the global economy has faded in face of ever greater wealth disparity and environmental degradation. There is growing interest in building a new economy that is just and recognizes planetary limits. The speakers of the Schumacher Lecture Series continue to be at ...
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This is the podcast of Stephanie Kelton.
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Heterodox Economists: John Kenneth Galbraith
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For the month of July, Adam and Cameron are continuing their occasional series on heterodox economists. This week, they discuss the life and work of the Canadian-American economist, diplomat, and author John Kenneth Galbraith. Learn more about your ad choices. Visit megaphone.fm/adchoicesBy Foreign Policy
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(Un)conditional Openness: Towards a Neochartalist Theory of Money and Trust
1:44:32
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In this special episode, Rob Hawkes joins Scott Ferguson and Will Beaman to discuss his new article “(Un)conditional Openness: Towards a Neochartalist Theory of Money and Trust,” which was recently published in Money on the Left: History, Theory, Practice. The conversation traces the development of Rob’s long-standing interest in theories of trust …
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The value of the global art market is roughly $57.5 billion—but it’s an opaque market and difficult to assess. Adam attended the international art fair known as Art Basel this year. On this episode, he and Cameron discuss the global business of art. Learn more about your ad choices. Visit megaphone.fm/adchoices…
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Legal & Political Foundations of Capitalism with Jamee K. Moudud
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Heterodox economist Jamee K. Moudud returns to Money on the Left to discuss his new book, Legal and Political Foundations of Capitalism: The End of Laissez-Faire? (Routledge, 2025). The phrase “institutions matter” is a common refrain among economists, including many who have proposed progressive alternatives to free market fundamentalism. For Moud…
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In June, Zohran Mamdani, a 33-year-old democratic socialist, won the Democratic Party’s mayoral primary election in New York City, defeating a widely known establishment figure, Andrew Cuomo. If Mamdani goes onto to become mayor, what will it mean for the city's economy? Also on the show: the future of NATO. Brought to you by: betterhelp.com/onesto…
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JAWS at 50: Birth of the Neoliberal Blockbuster
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In honor of the 50th anniversary of JAWS (1975), we are proud to publish a 2020 lecture about Steven Spielberg's film by Scott Ferguson. Far from a simple celebration, the lecture critically situates JAWS as the first genuine New Hollywood blockbuster and the originator of a distinctly neoliberal aesthetic that would come to dominate Hollywood for …
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Adam and Cameron discuss the fighting between Israel and Iran, as well as its impact on oil markets, geopolitical alliances, and the ongoing conflict in Gaza. Learn more about your ad choices. Visit megaphone.fm/adchoicesBy Foreign Policy
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The Trump administration is pushing immigration officials to deport at least 3,000 undocumented immigrants a day and up to a million this year. How will that policy affect the U.S. economy? Adam and Cameron discuss. Learn more about your ad choices. Visit megaphone.fm/adchoicesBy Foreign Policy
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The Black University and Community Currencies, Pt. 2
2:05:46
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In this episode, we share Part 2 of our coverage of The Black University & Community Currencies workshop (Click here for Part 1). Held April 25, 2025 on the campus of Morehouse College, the workshop fostered dialogue between students, faculty, and activists about the radical possibilities of public money for higher education, broadly, and for commu…
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The big Republican policy bill that extends tax cuts and reduces funding to some important federal programs will also do something else: In the coming decade, it will add $2.4 trillion to the national debt. That data point, based on research conducted by the nonpartisan Congressional Budget Office, is the subject of today's episode. Also on the sho…
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Women in the Federal Arts Project with Lauren Arrington
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We speak with Lauren Arrington about her forthcoming book on women artists in the Federal Arts Project. The Great Depression rendered 140,000 women and girls across the United States homeless. In 1935, Franklin Delano Roosevelt founded the Works Progress Administration (WPA) that employed 8.5 million people over the course of eight years. Soon, the…
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The Trump administration has put its plans to impose a 50 percent tariff on all goods from Europe on hold for now. Adam and Cameron discuss the $236 billion trade deficit between the United States and the European Union, as well as the future of trade between the two powers. Plus: This year is the 60th anniversary of The Sound of Music, the classic…
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To mark the 80th anniversary of the Nazi surrender, Adam and Cameron are doing a three-part series on World War II. In Part 3, they look at the economics of the Holocaust. Learn more about your ad choices. Visit megaphone.fm/adchoicesBy Foreign Policy
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To mark the 80th anniversary of the Nazi surrender, Adam and Cameron are doing a three-part series on World War II. In Part 2, they look at the economics of the postwar period. Also on the show: A quick conversation about U.S. President Donald Trump’s Middle East trip. Learn more about your ad choices. Visit megaphone.fm/adchoices…
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To mark the 80th anniversary of the Nazi surrender, Adam and Cameron are doing a three-part series on World War II. In Part 1, they look at the economics of the war itself. Also on the show: A quick conversation on U.S. President Donald Trump’s futuristic policies. Learn more about your ad choices. Visit megaphone.fm/adchoices…
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On this episode, we bring you the latest installment of Adam and Cameron’s occasional series on heterodox economists. Austrian Joseph Schumpeter produced most of his work in the United States as an immigrant and a Harvard professor, beginning in the 1930s. Schumpeter popularized the term “creative destruction.” Learn more about your ad choices. Vis…
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The Black University and Community Currencies, Pt. 1
1:26:14
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In this episode, Money on the Left shares audio from "The Black University & Community Currencies,” a public workshop convened by Professor Andrew J. Douglas at Morehouse College on April 25, 2025. This episode presents Part 1 of the workshop. It features an introduction by Professor Douglas and two panels. The first panel is titled “What is Public…
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In parliamentary elections next week, Canadians are expected to turn out in large numbers for the Liberal Party led by Mark Carney—in part as a reaction to U.S. President Donald Trump. The Liberals had been down in the polls for months, but Trump’s rhetoric and policy, including on tariffs, have prompted voters to turn away from the Conservatives a…
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From the Archive: The Economic Thinking of Pope Francis
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Given the news of Pope Francis's death this past week, we're sharing a bonus episode from the archive. This originally aired in March 2024 and is titled, "The Economic Thinking of Pope Francis." We'll be back with a new episode this Friday. Learn more about your ad choices. Visit megaphone.fm/adchoices…
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Why an Unstable Bond Market Is a Big Deal
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As tariff concerns rippled through financial markets around the world this month, the 10-year yield on U.S. Treasury bonds advanced 50 basis points. That is the most in more than two decades. Adam and Cameron talk about what fluctuations in the bond market mean and why it has put a scare in investors. Plus, in the second half of the show, the costs…
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U.S. President Donald Trump reversed course this week as he announced a three-month pause on “reciprocal tariffs” but increased tariffs on China to 125 percent. China responded with 84 percent retaliatory hikes. Hosts Cameron Abadi and Adam Tooze talk about the immediate and long-term impacts of this trade war and look at the possible policy goals …
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U.S. President Donald Trump’s latest tariffs have raised questions about whether this will be the moment that an all-out trade war breaks out with China. Prior to Trump’s announcement, Adam and Cameron took an overall look at the current economic relationship between the two countries. And thank you to everyone who responded to our pitch for listen…
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Digitizing the Fisc with Rohan Grey
1:42:53
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Rohan Grey, Assistant Professor of Law at Willamette University, joins Money on the Left to discuss his urgent new paper, "Digitizing the Fisc." During our conversation, we recount the events surrounding Elon Musk & the DOGE boys’ unconstitutional takeover of the Treasury's Bureau of Fiscal Service, while explicating the right-wing theory of the "u…
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The Business of Big Law in the United States
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The legal services industry in the United States is a $300 billion business—bigger than any in the world. In recent weeks, U.S. President Donald Trump has targeted parts of the industry to further his own narrow agenda. Adam and Cameron discuss the possible impact. Also on the show: For the first time, Ones and Tooze is asking for listener support.…
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Adam and Cameron discuss Abundance, the new book by Ezra Klein and Derek Thompson. Learn more about your ad choices. Visit megaphone.fm/adchoicesBy Foreign Policy
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U.S. President Donald Trump's trade wars and other economic polices since his inauguration in January have helped wipe out some $4 trillion from U.S. stock markets. As of mid-March, the S&P 500 was more than 10 percent below its last record high. The idea some people had that tariffs would just be a threat by Trump, designed to get better trading t…
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The U.S. budget deficit last year hit $1.8 trillion, bringing the overall level of American debt to some $36 trillion. The Trump administration will surely add to that figure with its plans to make current tax cuts permanent and spend more on the military and immigration enforcement. Is all this debt sustainable? Adam and Cameron discuss. Brought t…
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Money on the Left speaks with Raúl Carrillo, assistant professor of Law at Boston College, about gaming money. The $250 billion video game industry (the largest entertainment industry in the world) has rapidly developed an unregulated banking system. As online gaming becomes increasingly social and immersive, players build economies within games. G…
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Trump’s ‘Gold Card’ Path to Citizenship
1:04:48
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U.S. President Donald Trump has announced a new aspect of his administration’s immigration policy: a path to citizenship for “high-level” people who can bypass the usual process by paying $5 million. Trump said the program will raise revenue for the government—but it might primarily attract Russian and Chinese oligarchs to the United States. Also o…
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