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 [...]
Archive for the ‘Current Events’ Category
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 a
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
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 sy
Contrasting Monetary Systems vis a vis Inflation (Part 2 of 2): Coffee with Joe 2-15-11
In Part 2, Joe rebuts Pete’s accusation that paying off the US national debt with debt-free US money (a la The NEED Act) would be inflationary. links: Dr. Yamaguchi’s paper,”On the Liquidation of Government Debt under A Debt-Free Money System
Contrasting Monetary Systems vis a vis Inflation (Part 1 of 2): Coffee with Joe 2-11-11
Pete lays out the charge that paying off the US national debt with Greenbacks will double the money supply and cause rampant inflation. Joe will answer this in Part 2, but here he asks the viewer to consider the inflationary aspects of the curre
From Private Bank Credits to Public Money: Full-Reserve Banking
Joe takes a shot at explaining parts of the transition from the private, debt-based, fractionally-reserved, temporary money system that we have now to the public, debt-free, fully-reserved permanent money system of the future.
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Jim on Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11
Jim on Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11
Jim on Turning Around a Balance Sheet Recession: Coffee with Joe, 6-28-11