Ep. 11, Part I: The Deficits Racket -- Single-Payer Propaganda War
Added 2017-09-27 13:14:51 +0000 UTCThe idea that we’re “running out of money” and have to “tighten our belts" is a common trope in US media; the premise that the US government is like a household that must balance its books, largely taken for granted by liberal and right-wing outlets alike.
But is this premise correct? Is it true that the United States is over-budget and ready to explode with insolvency? Where does this conventional wisdom come from and whom does it benefit?
On this and next week's show we seek to answer some of the questions. In Part I: Single Payer Propaganda War, we examine the primary talking points against Single Payer and other big government programs and how to combat them with guest Stephanie Kelton.
Show Notes
The Rock-Star Appeal of Modern Monetary Theory
Atossa Araxia Abrahamian | May 8, 2017 | The Nation
What is Modern Monetary Theory, or “MMT”?
Dale Pierce | March 11 2013 | New Economic Perspective
Outlets That Scolded Sanders Over Deficits Uniformly Silent on $700B Pentagon Handout
Adam H. Johnson | June 26 2017 | FAIR
Why don't deficit hawks care about the cost of military adventurism?
Adam H. Johnson | June 26 2017 | LA Times
Adam H. Johnson | September 21 2017 | LA Times
The Debates Are Over, and No One Asked About Climate Change
Adam H. Johnson | October 19 2016 | FAIR
The most important chart of 2014, explained in under a minute
Matthew Yglesias and Joe Posner | December 23, 2014 | Vox
Deficit scolds are the most crazed ideologues in America
Ryan Cooper | July 24, 2014 | The Week
ABC and the ‘Family Budget’ Fallacy
Peter Hart | February 14, 2012 | FAIR
The Guest
Stephanie Kelton is a professor at Stony Brook University and former Chief Economist at the U.S. Senate Budget Committee and Economic Advisor to Bernie 2016. She's also a fellow at The Sanders Institute and Chair of Board Economists for Peace and Security.
