This week in Congress: financial reform. Regional Fed presidents from Dallas, St. Louis, and Kansas City oppose the Obama administration.
Archive for the ‘Coffee with Joe’ Category
Coffee with Joe 6-10-10; Frederick Soddy
Soddy won the Nobel Prize in chemistry in 1921, then turned his attention to a scientific approach to money and the economy. Joe recommends we spend some time getting to know him. Arian Nevin’s website is a good place to start.
Coffee with Joe 6-7-10: The Haircut
Toxic assets (financial derivatives based on sub-prime and other mortgages) have never been marked down to their true value (mark-to-market). Joe suggests that it is time for some haircuts, and that the sovereign governments should be the barbers, as part of the exit strategy from the broken debt-money system.
Coffee with Joe 5-28-10; How Greenbacks Get their Value
When debt-based money is created through fractional reserve banking, the new money theoretically gets its value from the borrower’s promise to repay, or failing that, the securities that guarantee the loan. Because debt-free currency (the so-called “capital-G” Greenback) isn’t based on a loan, how does it get its value?
Coffee with Joe, 5-20-10: Economic Democracy
Would a debt-free money system be good for the environment? Would it be less likely to promote a war economy than the present debt-based monetary system? Joe says, there’s no guarantee, but at least those things would be possible with reforms like those envisioned in the American Monetary Act.
Coffee with Joe 5-10-10; Euro Bailout
Joe decries the bailout reached over the weekend by the IMF, the Fed, and other central banks for putting the well being of the financial institutions and the capital markets ahead of those of the people.
Coffee with Joe 5-3-10; The Neo-Chartalist Counter-Conference
Joe reports on what he learned at last week’s “Fiscal Sustainability Teach-In” in Washington DC, the neo-chartalists response to the Peter G.Peterson Foundation’s Conference across town.
Coffee with Joe 4-26-10, Two Conferences This Week
Wednesday this week in Washington DC, the Peter G. Peterson Foundation hosts a “Fiscal Summit”, and the Neo-Chartalists present a counter-conference “Teach In“. Joe will be attending the latter.
Coffee with Joe 4-24-10, Report from the Minsky Conference
Joe attended the Hyman Minsky Conference on the State of the US and World Economies at the Levy Economics Institute in New York City last week.
Coffee with Joe 4-8-10: Debt Saturation
Joe and Pete discuss the “The Most Important Chart of the Century” at Nathan’s Economic Edge, which shows that each now dollar of debt we take on no longer generates any growth in GDP.
Recent Comments
RobertM on Coffee with Joe 7-8-10: State Banking?
RobertM on Coffee with Joe 7-24-10: PMR 100% Reserves
letsgetitdone on The Mother of All Free Lunches