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28 Responses to “‘New Captains of Industry’ Hosts Economic Roundtable with Mosler, Wray, and Norman”
When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe.
The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.
It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half
the wars of the world.
John F. Kennedy held a dinner in the white House for a group of the brightest minds in the nation at that time. He made this statement:”This is perhaps the assembly of the most
intelligence ever to gather at one time in the White House with the exception of when Thomas Jefferson dined alone.”
I enjoyed listening to the round-table discussion and think that each of the participants offered enlightening advice (with which I was already familiar). However, I doubt that this type of radio show will find a limited audience of people who already are familiar with MMT ideas/procedures, etc. While Wray, Mosler, and Norman know what is needed to get the economy going, MMT really needs a more charismatic leader who understands not only what these guys know, but is able to explain why the messages being propagated by the ‘deficit terrorist’ factions are nonsensical; such a person should be able to communicate with the non-specialist so that that group could communicate to others ideas which will reveal that the messages offered by ‘deficit terrorist’ are based upon false assumptions, ignorance, or cunning. If the host of the blogtalkradio.com (George Jarkesy) is unfamiliar with modern money concepts, one can rest assured that such a state of ignorance is rather wide-spread.
SO much for the payroll tax holiday, with the medical increases eating up all the savings, nobody is gonna feel all that extra income you promised Warren – ooops! The oracle didn’t see that one coming did he? ;)
Senexx, I agree that Mike is doing a good job on both Fox and on the blogtalkradio.com segment; in fact, I think that each of the MMT proponents did an excellent job of explaining things on G Jarkesy’s round-table. Each of these individuals have other time-obligations and can devote only a limited portion of their efforts to this sort of activity.
By the way, Warren Mosley mentioned that the people at Goldman Sachs have a comprehensive understanding of the modern money processes/relationships; however, they apparently haven’t gotten around to explaining to Ben Bernake or to Tim Geithner how to utilize such knowledge to facilitate a reduction in unemployment. Of course, Goldman Sachs’ mandate is to profiteer in any way they see fit and they have no mandate to solve the unemployment dilemma facing this country; on the other hand, G S might inform their agents in the Executive Branch and at the Fed Reserve regarding their ostensible obligations to take advantage of that insight to explain to the President how to deal with the unemployment problems. If Mike Norman had such access, I suspect that he would be more than happy to inform the President how a jobs program could benefit the country with respect to rebuilding the infrastructure and any number of other problems which need to be dealth with. Mike might also explain the nonsensical nature of the programs endorsed by the ‘deficit hawks’ and their acolytes.
I listened to the radio show. I ordered Warren’s book. I AGREE with the position that promotion of austerity is akin to promotion of increased suffering. I am TRYING to understand how (beyond operationally, which I get) our government can increase “spending” without, somewhere down the road, a whole sale and catastrophic (herd based) lack of trust in currency exploding in our faces.
This bud’s for you Tom Hickey. 2 CIA guys telling you how to survive. Way before you came here Tom, back on the old BBS board, mosler was telling me all of society rests on the willingness of a thug with a gun to blow your brains out and do violence(IRS man). And here Mosler is again re-iterating, it all rests on the ability of the STATE to be able to FORCE you to pay taxes, that is all that ultimately creates the demand for the currency. That force ultimately manifests itself at the end of a gun and even in his business card example Mosler has to have a gun to blow your brains out if you want out of the room but don’t have his business cards – see what a violent barbaric thug he really is deep down in his core (unlike the star trek memes I grew up with – I never heard about taxes on the enterprise once Mr. Sulu!)
Look at our government agents like our secretary of state, hillary clinton is more worried about her personal holy mission of taking down roman polanski because he got a little sex 30 years ago instead of dealing with all the REAL issues raised with wikileaks and such. (I think it is her way of getting back at clinton for the cigar stuff, and obama for beating her as president – etc etc – lot of gender hate in that woman)
The system is out of control, it is beyond the governments ability to enforce tax law, and many other laws, this new fatca and other offshore stuff to try and get the mosler’s who are doing all kinds of offshore tax shenanagins is not going to ultimately work. The thug in the room with the gun is being overrun by too many citizens and he just doesn’t have enough bullets to shoot them all – game over dude. Or to use warren’s bowling alley analogy, the bums have overrun the alley, peeing on the pins, and the one security guard just can’t police the 5000 bums in the small bowling alley. As Borf said to Space Ace – You cannot win. I find it HILARIOUS warren sitting up on his super yacht paying 3% taxes IF THAT MUCH talking about tax enforcement on the rest of us in the 30% or higher category – BWAHAHA! LOL! Not me dude, warren mosler and tax cheat timmy have shown me the way – FREEDOM!
So Strawpicker, I guess the answer is to NOT give the payroll tax holiday and have to spend an even higher percentage of current income on health care and gasoline. Surely you dont think that the healthcare costs and oil prices will rise BECAUSE of the tax holidays do you?
What do you propose as a population control measure? Incinerators, banishment to Antarctica, sterilization?