democrats panic is muzzled if poll numbers stay. there are big events, including donald trump s sentencing coming up shortly. john heilemann, we ll talk again in a little bit on morning joe. thanks for getting up way too early on this friday morning from atlanta. morning joe starts right now. i ll fix the taxes. we have a thousand trillionaires in america, i mean billionaires. what s happening? they, in fact, pay 8.2% taxes. if they just paid 24%, 25%, either one of those numbers, they ve raised $500 million billion dollars, i should say, in a ten-year period. wipe out the debt. we can help make sure all those things we need to do, child care, elder care, making sure we continue to strengthen our health care system, making sure we re able to make every single solitary person eligible for what i ve been able to do with the covid excuse me, with dealing with everything we have to do look, if we finally beat medicare after you rallied your supporters that da
Live coverage here on msnbc of tonights president ial debate between President Joe Biden and former president donald trump. We said it would be a debate unlike any other. It certainly was that in this first ever ly was that in thi came out of the s gate with firsa t ever go unexpectedly weak voice. Voice that at times made it hard to discern. The Campaign Said it was the result of a cold. He did seem to falter several times early on in terms of trying to speak in a way that could be heard in in terms of speaking to time as the red lights, Flashing Red Lights came on to stop him as the rules of the debate indicated two minute and one minute segments. This is a live shot weve got right here. President biden and First Lady Jill Biden walking out on stage. This is at a watch party in atlanta. You mightve noticed at the very end of the debate, as soon as the moderators said good night, boom, lost the shop. We did not get to see President Bidens wife, the first lady, or anyone else walking o
what matters, you say, is the outcome, not how you get there. and if you i m paraphrasing but if you build up mountains of sovereign debt, that doesn t seem to concern you. so first of all, it does concern me, and it s precisely because it does that i wrote the book. because the problem is, if the state sees its role as just fixing market failures and every now and then, during the pandemic or during a war, just throws a lot of money into the system, right, without actually structuring the organisation of the state in such a way that we have what i call mission oriented institutions, then actually, interestingly, that s what causes inflation. you don t get inflation, for example, with public investment as long as you re expanding the productive capacity of the system. if instead, you re just kind of putting helicopter money into the system as we did, by the way, after the financial crisis, where trillions were poured in most of that financejust ended up back in the financial se
financejust ended up back in the financial sector. so it was undirected. the same response after the initial panic over covid, the federal reserve poured money into the us economy. exactly, so the point is, we have to stop just pouring money in last minute when we have huge problems. we need to be thinking, in this mission oriented way, where public money, taxpayer money, is going after big problems, working alongside the private sector, and in so doing, expanding our productive capacity. but if i may say so. much of the book is looking at the structures on the ground. it s notjust about money. you re explaining it s not just about money, but i am very well aware that you work with governments not just in the industrialised western world, but you work with governments in south africa and argentina. how do you think argentines are going to respond to you saying, you know what, as long as you ve got a coherent, mission based strategic view of how you re spending the money, you can spend
if instead, you re just kind of putting helicopter money into the system as we did, by the way, after the financial crisis, where trillions were poured in most of that finance just ended up back in the financial sector. so it was undirected. the same response after the initial panic over covid, the federal reserve poured money into the us economy. exactly, so the point is, we have to stop just pouring money in last minute when we have huge problems. we need to be thinking, in this mission oriented way, where public money, taxpayer money, is going after big problems, working alongside the private sector, and in so doing, expanding our productive capacity. but if i may say so. much of the book is looking at the structures on the ground. it s notjust about money. you re explaining it s not just about money, but i am very well aware that you work with governments not just in the industrialised western world, but you work with governments in south africa and argentina. how do you think