Hopping Mad with Will McLeod & Arliss Bunny Will McLeod & Arliss Bunny

16 May 2019 – I promised you that in our next show I would get into the myths about Federal debt. This is that show. In addition, Will talks about why we should be going into space – for real. Some of the ideas sound crazy but I think there is enormous value in doing the work that takes us down those paths, regardless. There is so much possibility, why would we not get serious? At the top of the show we touch on the new agreement, between the UK and the Republic of Ireland, to establish a common travel area. Granted, this is a weak tea solution but it’s not nothing.
In case you want a quick list of the eight myths about Federal debt which I cover, here goes:
Carrying debt is bad for the Federal governmentAnd the corollary, Federal surplus is good (this article provides perspective)The Federal government uses our taxes to “pay for” government spendingThere is a fiscal cliffPassing Federal debt on to future generations is badThe Federal government issues Treasury bonds (debt) to fund spendingFederal debt “crowds out” investors (Stephanie Kelton crushes Paul Krugman on this subject here.)When all else fails, gibberish explains why debt is bad (a special thank-you to JD Alt for this one!)We have been busy but we will keep trying to fit shows in as often as we can. Like carrots, there are so many topics and so little time! Cheers! – Arliss

2 April 2018 – Since I, admittedly, went on and on about debt politics in this episode, I will keep my description very short. Will updates you on the latest on Brexit crazy. May has completely lost control of Parliament and Macron will not continue to be impatient with British incompetence. I talk little bit about the mechanism of federal debt and a lot about the politics of federal debt. The concept of federal debt has been weaponized for a reason.
I said on the show that next week I would talk about some of the myths that surround federal debt and I will do that but the next show may end-up being an interview with Charles Gaba, @brainwarp, because Trump is seriously planning to destroy healthcare and even the GOP is furious. Cheers! – Arliss

12 March 2019 – We are back and we have a lot to say. I begin by explaining why I disappeared into my rabbit hole for so long and I talk a bit about how my process for healing and, hopefully, staying that way. Will then talks about how we have reimagined the show and made it more sustainable. We both summarize a laundry list of the things we will be talking about in upcoming shows.
Then we are off to the races. I talk about the fact that MMT is absolutely storming the field and mainstream economists are seriously annoyed.  In my section I mentioned the piece by Stephanie Kelton wherein she responds to (and crushes) Paul Krugman. I also talk about Randall Wray’s response to economists who think MMT is just a recycling of (fill in the blank.) Will tries to explain the unexplainable – the current state of Brexit. This is a rapidly moving target so we will both likely be back to update you again in the very near future. It will be fascinating to see how the May government proceeds domestically after the resounding defeat earlier today and as well as how they deal with “Bwussels” (Brussels).
We had a lot of fun with this show and we hope you do too. Many Carrots! – Arliss


In my section we discuss an accidental Brexit, which combined with some logistical issues getting everything running again and an illness on my part, led to an accidental Extra Mad. Brexit moved so fast that I had to add an update to this episode itself. – Will

30 August 2018 – Because of the holiday we did not have a show planned for Monday but then I noticed a tweet from ACA expert, Charles Gaba (@Charles_Gaba). The ACA is at serious risk again, this time in the courts in what Charles refers to as the Texas Fold ’em Case (Texas v Azar). Normally, this would not be a case which posed any threat but the Trump administration has opted not to defend the ACA (you can insert “not to defend the rule of law,” same difference) so with very little warning a collection of Attorneys General from various blue states are suddenly arguing the side of HHS Secretary Azar. Either way, this thing gets appealed and it is almost surely bound for the Supreme Court…with whatever new justice is seated.

Not to beat a dead horse, but this is another one of those elections have consequences moments and yet another time when the lives of many will be put at risk (and many lost) which would not be happening if Trump had not won the election. Both sides are not the same. As I said on the last show, this coming midterm IS the fight of our lives and we can not afford to lose.

We will be back on 10 September with a regular show. Until then, many carrots! – Arliss

27 August 2018 – This week we have Nancy Altman, the President of Social Security Works and the Chair of the Strengthen Social Security Coalition. We are dedicating this entire episode to Nancy’s new book, The Truth About Social Security: the Founder’s Words Refute Revisionist History, Zombie Lies and Common Misunderstandings. Guess what…Social Security is NOT going bankrupt. Social Security is neither an entitlement nor welfare. Instead, Social Security is an insurance program which will be there to pay its beneficiaries indefinitely into the future. Monied interests have been deeply invested in lying about Social Security all the way back to the 1930’s. We fight the zombie lies by learning the truth and sharing it. Just think of how much fun you can have with your crazy uncle MAGA at Thanksgiving! Oh, you won’t convince him but you will send his blood pressure through the roof!

We are off next week for the Labor Day holiday and back the week after. Cheers! – Arliss

20 August 2018 - Will is off today due to a family emergency and our expected interview has been rescheduled so it's just me and I thought I would try to get a jump start on our coming Puerto Rico interview show. In trying to understand what is going on with the economy and, therefore, the post-Maria recovery in Puerto Rico, I kept tripping over one thing again and again, a group of SCOTUS rulings collectively called the Insular Cases. I decided to get into it and, as it turns out, there's a reason almost everything in PR funnels back to this one point. These Insular Cases are, in no small part, why PR is struggling so much today. Along the way I discovered a couple of interesting stories and one of them was wonderful. I'll give you a little on Isabel Gonzáles now and hope to track someone down who can tell us more about her life. Isabel was the Rosa Parks of her time and she contributed greatly to the granting of full US citizenship to all Puerto Ricans. Obviously, it should be the right of PR to decide on becoming a state or becoming fully sovereign but in the meantime, the people should have all the benefits afforded all US citizens, which is still not the case. Anyway, that's all for another day. Many Carrots! - Arliss