Retired civil engineer, Ray Maxwell, was hearing some pretty strange things coming out of MMT. So he took a good look into Modern Monetary Theory. Ray emerged with a one-page answer to "what is MMT", along with some fightin' words:

• austerity is murder (what's more, murder committed by our government)
• a job guarantee is essential to a civilised society
• applying the insights of MMT to address global warming is the only future we have

How does Ray justify these massive claims?

Trigger warning, some discussion of suicide. Please use discretion when listening.

Show Notes

Macro N Cheese (podcast hosted by Steve Grumbine)

The Deficit Myth (book)
by Stefanie Kelton

Corporate Welfare Abounds (blogpost)

by Professor Bill Mitchell (economist)

MMT predicts well – Groupthink in action (blogpost)

by Professor Bill Mitchell (economist)

Warren Mosler: The Financial Sector - A Cost-Benefit Analysis
MMT Podcast with Patricia Pino & Christian Reilly

Theme Music

Pleading Ignorance, by Ed Kuepper, from the album Starstruck.

Additional Audio

Too Many Things, by Ed Kuepper, from the album Starstruck.