Modern monetary theory is a sink
Jan 24, 2019

Modern monetary theory is a sink

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Rep. Alexandria Ocasio-Cortez said recently that modern monetary theory, or MMT, should “be a larger part of our conversation” when it comes to funding ambitious policies she’s proposed. On today's show, we'll explain how it works — it's kind of like a kitchen sink. But first, we'll take you inside the financial lives of furloughed federal government workers. Plus, more key moments in Trumponomics. 

Segments From this episode

Ever heard of modern monetary theory?

It's a way of thinking about the economy. Picture a bathroom sink ...
U.S. Representative Alexandria Ocasio-Cortez says that Modern Monetary Theory should “be a larger part of our conversation."
Mario Tama/Getty Images

Condé Nast to put all of its magazines behind paywalls

Jan 24, 2019
The magazine publisher is turning to subscriptions to stem losses.
iStock / Getty Images Plus

Federal shutdown imperils public transport nationwide

Jan 24, 2019
While the D.C. Metro is losing revenue, public transit systems across the country aren't getting federal funding.
 
Amid the ongoing government shutdown, the Washington, D.C. Metro says it’s losing $400,000 per day in revenue.
Andrew Caballero-Reynolds/AFP/Getty Images

Some facts about the finances of furloughed federal workers

Jan 24, 2019
As the partial government shutdown is about to enter its 35th day, here are a few facts about the hundreds of thousands of affected federal workers: The median income of a furloughed federal worker is about $67,000 a year, according to Sentier Research About 75 percent of those workers are working paycheck-to-paycheck, according to John Challenger […]

The most expensive home in U.S. history just sold for $238 million

Jan 24, 2019
But the New York City condo deal is an outlier in a real estate market that's cooling.
Hedge fund billionaire Ken Griffin has completed the purchase of a four-story penthouse at 220 Central Park South in New York for $238 million — the most ever paid for a home in the United States. 
Timothy A. Clary/AFP/Getty Images

Rep. Alexandria Ocasio-Cortez said recently that modern monetary theory, or MMT, should “be a larger part of our conversation” when it comes to funding ambitious policies she’s proposed. On today’s show, we’ll explain how it works — it’s kind of like a kitchen sink. But first, we’ll take you inside the financial lives of furloughed federal government workers. Plus, more key moments in Trumponomics. 

Music from the episode

Stranger Dr. Dog
Higher Noble Oak
Santeria Sublime
Worst Comes To Worst - Edited Dilated Peoples

The team

Nancy Farghalli Executive Producer
Bridget Bodnar Producer
Daisy Palacios Producer
Sean McHenry Associate Producer
Maria Hollenhorst Associate Producer