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Scott Ferguson and Ben Wilson of the Money on the Left collective discuss their ‘Blue Bonds’ proposal with Steve. They explain how states can issue bonds to mitigate the federal austerity measures being enacted under the Trump administration. The conversation explores how this approach could democratize fiscal policy at the sub-federal level and empower local governments.

Their proposal frames state-issued bonds as a democratic tool to counteract federal inefficiencies, foster local investment and engage communities in financial decision-making.

They also address the ideological and practical barriers concerning the public's grasp of economic sovereignty, stressing the importance of understanding endogenous money creation and challenging the collective fear of public debt.

Benjamin C. Wilson is an Associate Professor of Economics at the State University of New York at Cortland and a research scholar at the Global Institute for Sustainable Prosperity.

Scott Ferguson is an Associate Professor of Film & Media Studies in the Department of Humanities & Cultural Studies at the University of South Florida and a research scholar at the Global Institute for Sustainable Prosperity. He is co-host of Money on the Left podcast featured by Monthly Review.