Tuesday , October 20 2020
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Podcast – Biden and Trump, climate crisis, US healthcare, UBI

Summary:
Its Wednesday and as usual I am not writing much here. Further, I have many commitments today (see one of them below). So we just have some information for you plus a podcast I did recently. And, finally, some Bob and Johnny for our music segment. Cheese and Macro – Juxtapositions with Bill Mitchell Podcast I recently recorded an interview with Steve Grumbine who leads the fabulous team at Real Progressives in the US, who tirelessly work to promote Modern Monetary Theory (MMT), effort that I am eternally grateful for. We talked about a lot of things and the edited version captures the scope of the conversation. You can access the discussion – HERE. Thanks to Steve who stayed up late to fit into our global dispersion. It is the first time I have been in the same picture as Biden and

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Its Wednesday and as usual I am not writing much here. Further, I have many commitments today (see one of them below). So we just have some information for you plus a podcast I did recently. And, finally, some Bob and Johnny for our music segment.

Cheese and Macro – Juxtapositions with Bill Mitchell Podcast

Podcast – Biden and Trump, climate crisis, US healthcare, UBI

I recently recorded an interview with Steve Grumbine who leads the fabulous team at Real Progressives in the US, who tirelessly work to promote Modern Monetary Theory (MMT), effort that I am eternally grateful for.

We talked about a lot of things and the edited version captures the scope of the conversation.

You can access the discussion – HERE.

Thanks to Steve who stayed up late to fit into our global dispersion.

It is the first time I have been in the same picture as Biden and Trump and I have never worn a yellow tie!

Upcoming events

I have been doing a lot of presentations in the recent period to a variety of audiences, mostly restricted.

Two public events that are coming up include, one tonight and another later in the month.

PHAA event – An economy that guarantees health and wellbeing for all: the right to work and income security

Date: October, 14, 2020.

Time: 18:00 Melbourne, Australia summer time.

Tonight, the Public Health Association, Australia is sponsoring an event – An economy that guarantees health and wellbeing for all: the right to work and income security.

In the neoliberal era, poverty, income inequality and unemployment have been on the rise and have come to be seen as inevitable and immutable features of market-based economies. During this time governments, increasingly obsessed with austerity economics, have come to be cast as powerless to tackle these issues with the burden of responsibility being placed on the individual. The individual and societal health consequences of the failure to address these issues are profound and wide-ranging. Far from being inevitable and immutable problems, solutions are certainly at hand, at the centre of which is the fiscal capacity of our governments to provide for the wellbeing of all.

Our distinguished guests, Professor John Quiggin, Noel Pearson and Professor Bill Mitchell will participate in a panel discussion on the health, social and economic impacts of the ongoing failure to address the problems of poverty, income inequality and unemployment. The meaning and benefits of work; welfare systems and income security; the ever-growing gap between the rich and the poor; the case for a Job Guarantee and/or a Basic Income Guarantee; Modern Monetary Theory and the fiscal capacity of monetary sovereigns are just some of the topics likely to be discussed as we explore the health implications of achieving a full employment economy and welfare system reform that guarantees the health and well-being of all.

It will be a Zoom event (yes, another one) and you can – Register Here.

The participation is free up to an audience limit. Get in early if you want a guaranteed spot.

The event begins at 18:00 Melbourne, Australia summer time.

October 29, 2020 – Economic Policy after Brexit and COVID-19: Taking Control

The team at the Full Brexit is sponsoring this event.

Date: October, 29, 2020.

Time: 20:00-21:30 (online event) – This is London time.

Britain is in its worst economic crisis since the Great Depression. The costs of the coronavirus pandemic continue to dwarf even the most exaggerated Remainer predictions of the costs of leaving the European Union.

But neoliberal shibboleths have also been shattered, with the government intervening to save jobs and businesses, while even the EU has set aside its treasured state aid rules (despite continuing to try to force the UK to abide by them).

At the same time, governments around the world seem short on imaginative ideas to reboot the economy. The priority seems to be trying to restore a pre-crisis system that was already failing millions long before COVID-19.

So how do we really “build back better”? How do we avoid a slow, jobless recovery – a degraded “new normal”? What policies and programmes are required to allow working people to take control of their lives, and enjoy a more prosperous and fulfilling future?

Join two world-leading experts to debate these crucial issues:

  • Professor Costas Lapavitsas, renowned economist, former member of the Greek parliament, and author of The Left Case Against the EU (Polity, 2019).
  • Professor Bill Mitchell, one of the leading lights of Modern Monetary Theory, and co-author, with Thomas Fazi, of Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World (Pluto, 2017).

Professor Costas Lapavitsas, renowned economist, former member of the Greek parliament, and author of The Left Case Against the EU (Polity, 2019), and

Registration Available Here.

The event is free but you have to register to get Zoom access. Registered attendees will be emailed with the link on the day of the event.

Music – This is the favourite song of a 7-year old I know

And I like it a lot too.

Its from Bob Dylan with Johnny Cash.

The song – Girl from the North Country – was originally on Bob Dylan’s 1963 second album – The Freewheelin’ Bob Dylan – which I used to play to its ultimate death. The album has so many classic songs on it that it is hard to think of a better album.

He took the melody for this song from the traditional English folk ballad – Scarborough Fair.

This version, however, is on Bob Dylan 1969 album – Nashville Skyline – which was released on Columbia Records and features the song in duet form.

I think this is a special case of a song cover (even though Bob is still involved) that is better than the original. The original is a bit quicker and I think i like the slower tempo. I also like the baritone register that Johnny Cash brings.

My question: How can a 7-year old have such sophisticated tastes?

That is enough for today!

(c) Copyright 2020 William Mitchell. All Rights Reserved.

Bill Mitchell
Bill Mitchell is a Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the University of Newcastle, NSW, Australia. He is also a professional musician and plays guitar with the Melbourne Reggae-Dub band – Pressure Drop. The band was popular around the live music scene in Melbourne in the late 1970s and early 1980s. The band reformed in late 2010.

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