A podcast that critically examines the working-class struggle through the lens of MMT or Modern Monetary Theory. Host Steve Grumbine, founder of Real Progressives, provides incisive political commentary and showcases grassroots activism. Join us for a robust, unfiltered exploration of economic issues that impact the working class, as we challenge the status quo and prioritize collective well-being over profit. This is comfort food for the mind, fueling our fight for justice and equity!
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Steven D Grumbine Podcasts

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Ep 337 - The Overdose Economy with Charles LeBaron
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1:04:42Dr. Charles LeBaron is a retired CDC scientist and the author of Greed to Do Good: The Untold Story of CDC's Disastrous War on Opioids. He talks with Steve about the ill-considered response to the opioid crisis and the tragic and preventable consequences of the CDC’s 2016 guidelines. Restricting prescriptions without providing treatment (whether fo…
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**You’re invited to join us Tuesday evening for Macro ‘n Chill, an online gathering where we can listen to and talk about this episode. Tuesday July 15, 8pm ET/5 pm PT Click here to register This week we're releasing an interview Steve did as a guest of Jim Byrne, host of MMT101 podcast. Steve and Jim have much in common, so it’s interesting to hea…
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Ep 335 - Bonding Against Austerity: Can States Offset Federal Cuts? with Ben Wilson & Scott Ferguson
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1:13:55**Tuesday evenings, we host an online listening party, Macro ‘n Chill, to discuss the current episode. It’s a great way to get to know other members of the community and talk about the ideas expressed in the podcast. Join us this Tuesday, July 8th, at 8 pm ET/5 pm PT Click HERE to register Scott Ferguson and Ben Wilson of the Money on the Left coll…
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Part of our mission is to introduce MMTers to socialism and socialists to MMT. We’ve had a few metaphorical doors slammed in our faces along the way. Former friends from the MMT community now delight in slinging accusations worthy of a HUAC hearing, while some socialists suspect modern monetary theory is just a sideshow of bourgeois economics. So, …
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Ep 333 - DisElderly Conduct with Judy Karofsky
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57:53If civilizations are judged by how they care for their elderly, our report card is already written. Should there be anyone left to judge us – should humanity exist long enough to judge us – we’ve flunked. Steve’s guest is Judy Karofsky, author of 'DisElderly Conduct: The Flawed Business of Assisted Living and Hospice,' who provides a critical exami…
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Ep 332 - The Red Thread: A History of Socialist Tradition with C. Derick Varn - Part 2
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1:07:14**On Tuesday evening, C. Derick Varn will join us AGAIN for Macro ‘n Chill, our weekly community gathering. While listening to this episode, we will have the opportunity to ask questions and engage in discussion about Part Two. June 17th, 8 pm ET/5 pm PT Click HERE to register The second half of Steve’s conversation with Derick Varn goes into the h…
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Ep 331 - The Red Thread: A History of Socialist Tradition with C. Derick Varn - Part 1
1:04:39
1:04:39
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1:04:39**This Tuesday evening, C. Derick Varn will join us for Macro ‘n Chill, our weekly community gathering. While listening to this episode, folks will have the opportunity to ask questions and engage in discussion. June 10th, 8 pm ET/5 pm PT Click HERE to register This episode is the first of a two-part discussion delving into historical splits within…
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Ep 330 - Money, Power, and the People with Christopher Shaw
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1:08:05There's an oft-repeated Chris Hedges quote that goes: “I do not fight fascists because I will win. I fight fascists because they are fascists.” Well, that’s how we feel about the banks. Revolutionary change is only possible when people understand the institutions of power. The banking system plays a huge role in perpetuating class division and disc…
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Ep 329 - Stage IV Terminal Capitalism with Hamza Hamouchene
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1:14:17The podcast focuses on the critical need to address the root causes of health and environmental crises, emphasizing that many diseases, including cancer, are largely influenced by environmental factors and capitalism's exploitative nature. Hamza Hamouchene talks about his reasons for leaving a career in cancer research, highlighting the disillusion…
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This episode features sharp commentary on the current geopolitical landscape, exploring why China continues to thrive despite the chaotic shifting of US policies. Our friend Carl Zha brings his vast knowledge of China and delves into the shifting global dynamics with the US. He and Steve examine the absurdity of the US government's approach to trad…
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As difficult as it is to get a handle on the chaos and confusion of Trump’s shifting policies, we continue to ask wise friends for their perspective. This week Steve is speaking with Australian economist Bill Mitchell, a founder of MMT and a regular guest of this podcast. Bill helps us unpack the capitalist contradictions driving global instability…
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Ep 326 - AI in the Sky: Modern Warfare with Peter Byrne
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58:58The past year has seen lots of discussion of the ‘human’ nature of AI. Programs like ChatGPT were writing poetry, engaging in debates, and roasting users with witty retorts. Educators have been facing more serious concerns as they navigate a world in which students no longer need to learn to do their own research, writing, or thinking. But the mili…
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Ep 325 - Tariffs, Tooth Fairies & Trade with Fadhel Kaboub
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1:03:58“When you are a dominant empire like the US, economically, militarily, geopolitically, and you make bets that are exclusively based on power rather than technology, innovation, research and development, education, a growing prosperous middle class, history tells us that you will eventually fail. And that's the ugly reality.” Like most media nowaday…
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Ep 324 - Modern Money Awakenings with Tracy Carson
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1:08:10This week’s episode comes from Steve’s recent appearance on The Tracy Show, where he was invited to talk about MMT with host Tracy Carson, who had some questions. Tracy: Okay, I'm going to tell you what I think I understand about Modern Monetary Theory or MMT. I'm just going to go with MMT. The federal government can pretty much generate money out …
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Ep 323 - The Physics of Capitalism with Erald Kolasi
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1:17:45“Humanity... is at a critical moment in history where the decisions that we make could have massive, massive implications, for our future trajectory, for the future trajectory of human civilization over the next two centuries. Those decisions can either ensure that we have a prosperous millennium or that we have a disastrous one.” Erald Kolasi join…
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Ep 322 - Eggsploitation with Basel Musharbash
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52:33Crazy things have been going on with the price of eggs, especially in the US. If you think this is happening because of the avian flu, you’ve been hoodwinked. Again. Basel Musharbash, an antitrust and trade regulation attorney, joins Steve to pull back the curtain on the monopoly forces within the egg supply chain. The discussion reveals crucial an…
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Ep 321 - Modern Money with L. Randall Wray
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1:12:13Steve’s guest is noted economist L. Randall Wray, one of the early developers of modern money theory. As many times as this podcast has talked about MMT, it’s always topical. In fact, just last week, Elon Musk discovered 14 magic money computers in government agencies! So, Trump had to hire the richest man in the world who hired who knows how many …
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Ep 320 - Breaking Out The Master's Tools with Michael McCarthy
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57:55**Every Tuesday night, we gather online to listen to the episode and discuss it among friends. Everyone is invited to this community building event. Bring your insights and questions. REGISTER HERE for Tuesday, March 25th, 8 pm ET/5 pm PT Steve’s guest is Michael McCarthy, author of 'The Master's Tools: How Finance Wrecked Democracy and a Radical P…
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Ep 319 - DOGE Ball: A True Oligarch Story with Yeva Nersisyan
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1:16:52Near the start of this episode, Yeva Nersisyan talks with Steve about leftist economists who are still wedded to the belief that government spending relies on taxpayer money. She says if an academic on the left uses the ‘taxpayer dollar’ framing, then you cannot be surprised when the right uses it too – to say they’re saving taxpayer money, cutting…
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Ep 318 - The Death of the Left? with Simon Winlow & Steve Hall
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1:00:30If you ever find yourself asking “What’s left?” you’re in good company. Today’s left is often indistinguishable from neoliberal centrism. Steve’s guests are Simon Winlow and Steve Hall, authors of the book, The Death of the Left: Why We Must Begin from the Beginning Again. They talk about the historical shifts that have led to ideological collapse,…
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Ep 317 - Fatal Distraction with Shealeigh Voitl
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58:53Control of information is a vital weapon of the ruling class in its war on the people. Critical media literacy is more important now than it has ever been. For the past year we’ve been drowning in imbalanced coverage of the war on Gaza. (How many times did mainstream news outlets use the word ‘genocide’?) It’s just one example – and it’s an outrage…
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Thomas Fazi joins Steve once again, this time to explore the current geopolitical landscape under Trump 2.0 and the absurdity of an American empire that creates enemies out of thin air to justify its ongoing military and economic interventions. The conversation touches on the implications of austerity measures on the working class and the irony of …
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Ep 315 - Confessions of an Economic Hitman: A Conversation with John Perkins
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50:24John Perkins is a storyteller. His stories tell of his work as an economic hit man, creator of a death economy that is polluting and consuming itself into extinction. He has served as advisor to the World Bank, UN, IMF, Fortune 500 corporations, and government and business leaders across the globe. “You know, my job was pretty easy, generally speak…
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Ep 314 - Chaos Fatigue with David and Dai from Call Me Limbo Podcast
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1:03:26Depressed about the state of the world? Meet podcast hosts, Dai Poole and David Kugler, who are able to talk about the depressing stuff, yet manage to have a little fun along the way. In November, they brought Steve onto Call Me Limbo because they’re interested in Modern Monetary Theory (smart guys). A few months have passed since then, and things …
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“We need to understand the limits of capitalism. Capitalism has serious limits in the sense that it puts exchange value over use value. And this is by definition irrational according to logic of need, but very rational according to logic of profit... But we also need to understand that we are the ones who have produced the system. That's where the …
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