A series of videos rebutting the criticisms presented in The Dangers of Monetary Reform at the Libertarian/Austrian von Mises website.
Part 1: Introduction, in which Pete lists the legitimate topics for discussion:
Part 2: Constitutionality
More to come soon…
In a recent NY Times article, Paul Krugman agrees with Financial Times Columnist Martin Wolf, that either success or failure of recent debt financed government stimulus programs will cause the same result: sovereign debt default. Clearly, they are aware of no other tools in the economists’ toolbox.
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.
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.
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.
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