icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Too poor to survive (E1408)

In this episode of the Summer Solutions 2019 for the Keiser Report, Max and Stacy introduce the problem: Americans “too poor to survive,” according to a study by United Way.

This makes the US, “the world's first poor rich country,” according to Umair Haque, and whilst most in the mainstream media blame avocado toast for causing so much poverty in the younger generations, recent data from Deloitte shows that, in fact, it is due to the rising costs of non-discretionary expenses like housing, healthcare, and education.

In the second half, they talk to professor Steve Keen about the problem of declining incomes and rising costs, and why MMT (Modern Monetary Theory) is not the right solution.

Check Keiser Report website for more: http://www.maxkeiser.com/

Podcast: https://soundcloud.com/rttv/sets/keiser-report-1

Podcasts