Jobs for All, Not Profits for a Few: Randy Wray on Modern Money and Ending Unemployment

Liberty And Justice For All Podcast · Oct 17, 2026 · 58m

Episode 9 of Liberty and Justice For All challenges the economic assumptions that keep working people insecure while concentrated wealth commands political power. Economist L. Randall “Randy” Wray explains Modern Monetary Theory and makes the case for a permanent public job guarantee. The discussion centers on a fundamental question: Why should society tolerate involuntary unemployment when people need work and communities need services?

* Public money should serve public needs. Wray argues that a government issuing its own sovereign currency faces different constraints than a household…