This is a video reply to Nick at the Modern Mystic who takes Marshall Auerbach to task for his latest “deficits don’t matter” post. They do matter. They should be an essential building block of the integrated economic-financial-monetary system of this country, just like MA says. But Joe agrees with Nick that the language and [...]
Archive for February, 2010
Coffee with Joe 2-25-10: No Avoiding A Sovereign Debt Crisis?
Joe suggests there is one tool they don’t seem to be aware of: reform of the debt-based monetary system, along the lines suggested this week on Fox by Congressman Dennis Kucinich.
Kucinich Pushes Monetary Reform on Fox
Dennis Kucinich pushed the idea of reform of our debt-based monetary system on Fox yesterday. It’s a paradigm breaker for the host. Watch the latest business video at video.foxbusiness.com
To Warren Mosler on the Economic Problems in Greece
A response to Warren’s video. Joe asks him some questions.
Coffee with Joe 2/18/10: Chartalism and Fractional Reserves
Joe and Pete discuss the similarities and differences between their ideas for monetary reform (along the lines of the Chicago Plan of 1933 and the American Monetary Act) and those of the neo-Chartalists like Bill Mitchell, Randall Wray and Warren Mosler.
Coffee with Joe 2-11-10: Monetary Sovereignty
Joe discusses the concept of monetary sovereignty, and relates it to the issues of the debt crisis in Greece and the other PIIGS countries, also the US Supreme Court decision declaring campaign finance limits unconstitutional, and Bernanke’s exit strategy.
It’s Not a Deficit, It’s New Money
Joe takes to task a group of progressive Democrats for advancing the myth that what we call deficits are a burden to, rather than an advancement of, economic prosperity. Joe uses the words of Thomas Edison to show that by embracing the concept of monetary sovereignty we are capable of breaking the yoke of the debt-industrialists of fractional-reserve banking and their shadow-banking kin.
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