Joe replies to Nick’s 3/22 posting of Nathan’s Blog Chart of the Century
Archive for the ‘Joe’s Video Replies’ Category
Monetary Reform and Chartalism II
Joe replies to the Modern Mystic’s latest YouTube posting on Chartalism. There are many differences between the Chicago Plan and American Monetary Institute’s proposals for reform, and that of the Neo-chartalists that are rising to the fore of the discussion today.
The Other Flow of History
Joe responds to the ModernMystic that society will err in a major way if we even consider that the ratings agencies can determine the cost of government’s efforts to maintain economic stability, when it was the ratings agencies that caused the government’s actions in the first place by the agencies’ failure to properly “rate” the [...]
It’s Hard To Tell What Auerbach is Saying
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 [...]
To Warren Mosler on the Economic Problems in Greece
A response to Warren’s video. Joe asks him some questions.
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.
The government? Really?
Ultimately, the Libertarians and Austrians part way with we monetary reformers over who should create the nation’s money supply once the Fed is under Treasury – or abolished – and the banking system has switched to full-reserve lending. They claim that the government is a complicit, co-conspirator with the private Federal Reserve bankers. I don’t [...]
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