fbpx

Latest Posts

Home

Facebook

Twitter

Search
About

In The Tank (ep183) – Robert Bryce, Juice the Movie, Modern Monetary Theory, and State Nullification

Heartland’s Donald Kendal, and Justin Haskins are joined by Isaac Orr, Policy Fellow at the Center of the American Experiment, in episode #183 of the In The Tank Podcast. This weekly podcast features (as always) interviews, debates, and roundtable discussions that explore the work of think tanks across the country. The show is available for download as part of the Heartland Daily Podcast every Friday. Today’s episode features work from the Manhattan Institute, the Mises Institute, and the Foundation for Economic Education.

In the first segment, Donny is joined by Robert Bryce, senior fellow from the Manhattan Institute. Robert joins the show to talk about his upcoming documentary titled Juice: How Electricity Explains the World. Robert explains why energy is the master resource that serves as a cornerstone of modern society. In addition to this, Robert weighs in on the Green New Deal and renewable energy in general.

Donny then asks Justin about an article he recently published with Fox News titled “There aren’t enough billionaires in the world to pay for AOC, Beto, and Bernie’s socialist proposals.” As Justin explains in the article, if we confiscated all the wealth of all the billionaire in the world, it still would not be enough to fund all the programs proposed by these politicians.

What happens when traditional economics does not provide a path to fund all these projects? Make up an economic theory that does! Modern Monetary Theory (MMT) is the new theory that proposes that deficits and debt are largely irrelevant. The government can print and spend as much money as it wants without any real consequence. And taxes are just a tool to manage the economy and society as a whole. As Donny and Justin explain, this is a backdoor to socialism.
Mises Institute – The Upside-Down World of MMT
Foundation for Economic Education – Modern Monetary Theory Isn’t Economics

In the last segment, the trio talk about State Nullification. Legislators in Missouri recently proposed a law that would ban all federal gun control laws. Isaac and Justin weigh in about the practical application of this concept, how far it could go, and the push back would inevitably follow.

Comments

Subscribe

Categories

Upcoming Events

  • Morning in Minnesota Breakfast Series: Winona

    Location: Signatures Restaurant, 22852 County Road 17, Winona, MN 55987

    Please join Center of the American Experiment Friday, March 6 at Signatures for a FREE breakfast with economist John Phelan.

    Register Now
  • Lunch Forum with Amity Shlaes

    Location: Hyatt Regency Minneapolis 1300 Nicollet Mall Minneapolis, MN 55403

    Buy tickets for March 2nd HERE. About This Event: Enjoy our Early Bird Ticket Special through February 23rd! After this date, ticket price will increase to $30. Doors open at 11:30 AM, program and lunch begin at Noon. In Great Society, the New York Times bestselling author of The Forgotten Man and Coolidgeoffers a stunning revision of our last great period of idealism, the 1960s, with burning relevance for our contemporary challenges. Today, a battle rages in our country. Many Americans are attracted to socialism and economic redistribution while opponents of those ideas argue for purer capitalism. In the 1960s, Americans…

    Register Now
  • 2020 Annual Dinner Featuring Sarah Huckabee Sanders

    Location: Minneapolis Convention Center Ballroom 1301 2nd Ave S Minneapolis, MN 55403

    American President: The Unorthodox Approach to Politics that Changed the World. Sarah Huckabee Sanders served as White House Press Secretary for President Donald J. Trump from 2017 to 2019. A trusted confidant of the President, Sanders advised him on everything from press and communications strategy to personnel and policy. For two and a half years, Sanders was at the President’s side, battling with the media, working with lawmakers and CEOs, and staffing the President on every foreign trip, including dozens of meetings with foreign leaders. Sanders is only the third woman and the first mother to hold the job of…

    Register Now