Joe and Pete discuss Australian chartalist Bill Mitchell’s blog entry from last December criticizing the Kucinich monetary reform bill called the NEED Act.
Dr. Yamaguchi’s systems dynamics model.
Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11
Joe and Pete discuss an article by Edward Harrison,“What Can the Fed Do?” from the website Naked Capitalism which concludes:”Monetary policy reflation will not work in a balance sheet recession when fiscal policy is contractionary.”
Joe knows of a policy option that could address this recession, reform of the money system a la Dennis Kucinich’s N.E.E.D. Act.
Debt Ceiling and Debt Default; Coffee with Joe 5-26-11
Pete and Joe discuss the confusion about the relationship between the debt ceiling and a sovereign debt default.
Goolsbee on Colbert: Coffee with Joe 5.20.11
Chief of Obama’s Council of Economic Advisors, Austan Goolsbee was on the Colbert Report this week promulgating myths about the money system. Joe offers his perspective.
The Further Decline of the Debt Money System, CWJ 4-29-11
Joe discusses the week’s communications from two of the great powers of our fraudulent monetary system, Standard and Poor’s, and the Fed.
Bernanke’s Monetary Impotence: Coffee with Joe 3-21-11
Joe asserts that the Fed doesn’t have the proper tools available to them to get money into the M1 and M2 money supply, where it is lacking.
On Liquidating The National Debt Without Inflation
Joe opens a discussion of the new reality brought about by Rep. Dennis Kucinich’s reform proposal under the H.R. 6550, the National Emergency Employment Defense Act of 2010. Under this monetary transformation, there is no need for the national debt and there is no need for inflation in paying it down at maturity. Hopefully, we can have a video discussion going forward.
From Jekyll Island to the Wisconsin Workers
The Wisconsinites and Michael Moore are fighting the good fight to restore the dignity of working people everywhere. They see the results of wealth accumulation in the face of austerity, but don’t know what to do about it.
Cut Benefits to Bankers, Not Public Services (Video)
Check out this three minute video that we have by way of Positive Money in Great Britain.
Bernd Senf: Deeper Roots of World Financial Crisis
I think it was reform advocate Zarathustra that first brought Dr. Senf’s work to my attention, when all of his presentations were in German and a few were translated. I have to say that Dr. Senf has taken the most holistic perspective on the money system that I have seen expressed in such a long time that I might say ever.
These videos are not for everyone trained for the 10 minute solution to our econmic-financial-monetary collapse. Dr. Senf expresses his long searched for understanding of how the money system must become something it is not – being like the sun that enables all life in our natural environment. He explains why our economic dislocations are no more than the an improperly functioning money system. I implore the readers to stay with Dr. Senf’s sometimes painful to understand yet eloquently stated explanation that it’s ALL about the money system based on debts.
This is German economics professor Senf’s first lecture in English on the problems of the debt-money system.
Enjoy, and be informed.
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