Jimmy welcomes Steve Grumbine of Real Progressives to the show to explain Modern Monetary Theory (MMT), arguing that the federal government does not literally need to borrow dollars it creates and that Treasury bonds function largely as interest-bearing savings instruments for dollars already in the economy. The discussion covers federal deficits, taxes, inflation, government spending, the 2008 financial crisis, and housing affordability, with Grumbine arguing that monetary and fiscal policy have disproportionately benefited wealthy asset owners while contributing to wealth inequality and the financialization of housing. The conversation then expands into capitalism, communism, oligarchy, media consolidation, and Grumbine’s Marxist-Leninist perspective, with the two agreeing that concentrated economic power shapes government policy and that the U.S. political system does not adequately represent working-class interests. The segment concludes with Jimmy and his guest advocating greater class consciousness, worker organization, mutual aid, and collective economic pressure, including strikes and demands for publicly financed elections, while Grumbine emphasizes that broader systemic change would be required to address what he sees as structural inequality. Steve Grumbine on Twitter: https://x.com/sdgrumbine Steve Grumbine’s Substack: https://realprogressives.substack.com/ Become a Premium Member: https://www.jimmydore.com/premium-membership Go to a Live Show: https://www.jimmydore.com/tour Subscribe to Our Newsletter: https://mailchi.mp/jimmydorecomedy/ytlivestreams LIVESTREAM & LIVE SHOW ANNOUNCEMENTS: Email: https://mailchi.mp/jimmydorecomedy/ytlivestreams Twitter: https://twitter.com/jimmy_dore Facebook: https://www.facebook.com/JimmyDoreShow Instagram: https://www.instagram.com/thejimmydoreshow WATCH / LISTEN FREE: Videos: https://www.jimmydore.com Podcasts: https://www.jimmydore.com (Also available on iTunes, Apple Podcasts, Spotify, Google Podcasts, or your favorite podcast player.) ACCESS TO FULL REPLAYABLE LIVESTREAMS: Become a Premium Member: https://www.jimmydore.com/premium-membership SUPPORT THE JIMMY DORE SHOW: Make a Donation: https://www.jimmydore.com/ Buy Official Merch (Tees, Sweatshirts, Hats, Bags): https://thejimmydoreshow.dashery.com/ https://dobynsfamilycreations.com/collections/the-jimmy-dore-show-store DOWNLOAD OUR MOBILE APP: App Store: https://apps.apple.com/us/app/jimmy-dore/id839294547 Google Play: https://play.google.com/store/apps/details?id=com.jimmydore.jimmydore Jimmy Dore on Twitter: https://twitter.com/Jimmy_Dore Stef Zamorano on Twitter: https://twitter.com/miserablelib About The Jimmy Dore Show: #TheJimmyDoreShow is a hilarious and irreverent take on news, politics and culture featuring Jimmy Dore, a professional stand up comedian, author and podcaster. The show is also broadcast on Pacifica Radio Network stations throughout the country.