Comments on: taxes and money

By: Curious

Curious — Mon, 26 Oct 2009 23:58:23 +0000

Then some guy shows up offering beer for just 1 card each.

People stop coming to me for beer, instead all they want are my business cards.

Will that work?

By: Warren Mosler

Warren Mosler — Mon, 26 Oct 2009 22:56:29 +0000

offering a beer would work to some degree. you’d be limited in what you can buy by the value of the beer, rather than the value of getting out of the room when you want to.

By: Turning Litter Into Money | NineCents

Turning Litter Into Money | NineCents — Mon, 26 Oct 2009 18:28:55 +0000

[...] Turning Litter Into Money Posted on October 26th, 2009 by Michael From the great Warren Mosler: [...]

By: Curious

Curious — Mon, 26 Oct 2009 16:58:46 +0000

OK, what if I select the people who have to pay this way:

I offer a beer to anyone, who wants one. Acceptance of beer = obligation to pay 10 cards at the door.

Will that work?

By: Warren Mosler

Warren Mosler — Mon, 26 Oct 2009 10:17:52 +0000

yes.

try it!

those needing cards would offer to buy them for dollars, goods and services, based on the ‘price’ of the alternative means of obtaining them.

By: Brioche

Brioche — Mon, 26 Oct 2009 07:23:04 +0000

Keynes, Fisher, Gesell, Major Douglas, Ezra Pound, the Attwoods and the free-silver men, and all the rest of the other monetary cranks called – they want their foolish inflationist ideas back.

By: Curious

Curious — Mon, 26 Oct 2009 05:36:13 +0000

What if I select only some of the people in the room who cannot leave without 10 of my business cards.

Will that turn my business cards into money?

By: Winslow R.

Winslow R. — Sat, 24 Oct 2009 16:51:14 +0000

“â€œthe Obama administration is searching for ways to boost job growth without adding to the federal budget deficitâ€

I’d add….

Loans to states at $500/capita wouldn’t add to budget deficit.

Loant to citizens at $10,000/capita wouldn’t add to budget deficit.

By: Warren Mosler

Warren Mosler — Sat, 24 Oct 2009 13:44:26 +0000

in a democracy the people in the room will only accept the business cards, room cleaning, etc if they think these are a worthwhile products. Otherwise theyâ€™ll tell you and the fellow with the 9mm to get lost.

YES, AGREED!

They will also only accept the litter currency if they think it is a stable and viable currency. In short the people will only accept the business card, room cleaning and litter economy if they think this is more or less the economy that would exist in your absence (i.e. in a totally free market or under some alternative democratically elected government).

THEY MAY NOT LIKE IT, BUT IF GOVT, FOR ANY REASON, CAN ENFORCE TAX COLLECTION, THAT CURRENCY WILL HAVE VALUE AND THE GOVT WILL GET THE ROOM CLEANED. THAT’S ALL I’M SAYING HERE.

â€œthe Obama administration is searching for ways to boost job growth without adding to the federal budget deficitâ€

TECHNICALLY YOU CAN DO THAT BY TAXING FUNDS WITH 0 PROPENSITY TO SPEND, LIKE MAYBE PENSION FUNDS, AND THEN EITHER SPENDING DIRECTLY OR CUTTING TAXES WHERE THE BENEFICIARY HAS A PROPENSITY TO SPEND THAT’S HIGHER THAN 0. CLINTON DID A BIT OF THIS, IN FACT.

HOWEVER, THIS WOULD NOT BE MY FIRST CHOICE FOR POLICY. I’D LEAD WITH A PAYROLL TAX HOLIDAY AND $500 PER CAPITA REVENUE SHARING FOR THE STATES, FOLLOWED CLOSELY BY ‘CONVERTING’ (THROUGH MARKET FORCES) TO AN EMPLOYED BUFFER STOCK VS AN UNEMPLOYED BUFFER STOCK AS A PRICE ANCHOR WITH MY $8/HR FED FUNDED JOB FOR ANYONE WILLING AND ABLE TO WORK THAT INCLUDES HEALTH CARE.

By: Dave Begotka

Dave Begotka — Sat, 24 Oct 2009 13:40:59 +0000

The problem is you are in a room full of monkeys thinking about survivor and beer.