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Dr. Anthony Anastasi joins Steve Grumbine on Macro N Cheese to explore the frequent misunderstanding and dismissal of MMT by many Marxists, who often view it as a capitalist apology or as lacking a theory of value. Anastasi breaks down the three major Marxist critiques of MMT (state control of money's value, absence of a value theory, and serving as a capitalist backstop) and argues they stem from a dogmatic adherence to Marx's 19th-century context and a conservative view of public finance. The conversation positions MMT not as an ideology, but as an accurate description of the monetary "plumbing" in a fiat system—a tool that can serve any political project, including socialism. Key points include the Job Guarantee as a superior non-reformist reform over Universal Basic Income (UBI), the role of state spending in mobilizing real resources, and the need for a class-conscious application of MMT to build working-class power. The dialogue concludes with observations on China’s economic debates and a call for Marxists to embrace MMT’s insights to better fight for a post-capitalist future. Weaponize Knowledge with Modern Monetary Theory (MMT) Chapters Introduction & Guest Background (0:00) Anthony's Paper on Marxism and MMT (3:00) Motivation for Writing the Paper (5:12) Marxist Critiques of MMT (9:00) MMT's Theory of Value (11:02) Taxes and Government Spending (15:59) What is MMT? Overview (18:23) Government as Price Setter (21:30) Political Power and Class Analysis (29:25) Publicly Funded Elections (30:57) Rosa Luxemburg and Non-Reformist Reforms (34:12) The Job Guarantee Explained (36:08) Job Guarantee vs Universal Basic Income (42:39) Inflation and Pricing Power (47:43) MMT in China (51:12) Closing Thoughts (55:00) Please help our Real Progressives efforts in spreading and become a monthly donor! At PayPal http://paypal.me/RealProgressives/25 At Patreon / realprogressives Donorbox https://donorbox.org/each-one-teach-o... Write for Real Progressives https://realprogressives.org/submit-a... Visit our website: https://realprogressives.org/ Listen to our podcast: https://realprogressives.org/macro-n-... Subscribe to our Substack: https://realprogressives.substack.com/ We believe all materials used in this video fall under Fair Use as defined in Section 107 of the Copyright Act of 1976. #mmt Weaponize Knowledge with Modern Monetary Theory (MMT) Please help our Real Progressives efforts in spreading and become a monthly donor! At PayPal http://paypal.me/RealProgressives/25 At Patreon / realprogressives Write for Real Progressives https://realprogressives.org/submit-a... Visit our website: https://realprogressives.org/ Listen to our podcast: https://realprogressives.org/macro-n-... We believe all materials used in this video fall under Fair Use as defined in Section 107 of the Copyright Act of 1976.