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Stand Up! with Pete Dominick

1091 Stephanie Kelton and The Headlines from Earth One

Stand Up! with Pete Dominick

Pete Dominick

News, Politics

4.81.2K Ratings

🗓️ 25 April 2024

⏱️ 47 minutes

🧾️ Download transcript

Summary

Stand Up is a daily podcast. I book,host,edit, post and promote new episodes with brilliant guests every day.

Please subscribe now for as little as 5$ and gain access to a community of over 700 awesome, curious, kind, funny, brilliant, generous souls

Stephanie Kelton is a professor of economics and public policy at Stony Brook University. She is a leading expert on Modern Monetary Theory, a former Chief Economist on the U.S. Senate Budget Committee (Democratic staff), and an advisor to Senator Bernie Sanders’ 2016 and 2020 presidential campaigns. She was named by POLITICO as one of the 50 people most influencing the policy debate in America. Her highly-anticipated book, The Deficit Myth (2020), became an instant New York Times bestseller.

FINDING THE MONEY follows American economist Stephanie Kelton on a journey through. Modern Money Theory or “MMT”. Kelton provocatively asserts the National Debt Clock that ticks ominously upwards in New York City is not actually a debt for us taxpayers at all, nor a burden for our grandchildren to pay back. Instead, Kelton describes the national debt as simplya historical record of the number of dollars created by the US federal government currently being held in pockets, as assets, by the rest of us.

MMT bursts into the mainstream media, with journalists asking, “Have we been thinking about how the government spends money, all wrong?” But top economists and politicians from across the political spectrum condemn the theory as “voodoo economics”, “crazy” and “a crackpot theory”.

FINDING THE MONEY traces the conflict all the way back to the story we tell about money, injecting new hope and empowering countries around the world to tackle the biggest challenges of the 21st century: from climate change to inequality.

Join us Thursday's at 8EST for our Weekly Happy Hour Hangout!

Transcript

Click on a timestamp to play from that location

0:00.0

Stand up.

0:02.0

Hello my friends and welcome to today's show.

0:05.0

Very excited that I finally have Stephanie Kelton joining me on the show.

0:09.0

She's going to talk about her work, her book, the Devastid

0:11.5

and the new documentary that features her in a central focus called

0:15.4

Finding the Money.

0:17.0

There's another side to the national debt.

0:19.6

Our friend, the Sandman, Sanford Friedman, a long-time, subscriber, you might have met him in Vegas.

0:23.8

He has been obsessed with this issue as so many other people have as well for a long time and

0:28.3

for good reason.

0:29.3

I totally support it.

0:30.3

I've just always had a hard time trying to figure out how to communicate it and make you care about it, but it's really very very important

0:38.1

Obviously and Stephanie Kelton joins me today very excited to have her on the program and that conversation starts at

0:44.3

about 12 minutes into today's show. But I do want to remind you that I will not be

0:49.1

hosting tonight's weekly hangout. Hate to miss it but I am on a special mission and headed back home and so

0:56.2

will not be able to host tonight's hang out.

0:58.6

I will be back with you next week and I'm very much looking forward to that of course as always sorry I won't be

1:05.0

there tonight I will miss you I hope you'll miss us each other as always hang on the

1:09.6

discord platform where any subscriber can chime in and make new friends and

1:14.7

obviously never feel alone. I hope that you are well here at the end of the week I

1:19.7

also won't have a show most likely for you on Friday morning at least so give you a

1:24.5

heads up on that because of the very successful special mission I've been on

...

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