Monthly Archive:: August 2012

Jackson Hole speech

The Chairman seems to be well aware of the upturn in housing, which he mentioned twice. But he was careful to not reveal an upbeat attitude that he knows would cause rates to spike in expectation of the Fed ‘normalizing’ policy with ‘neutral’ being a Fed funds rate maybe 1% over the ...Read More

Gasoline Rising to Holiday High as Storm Surge Presses Obama

Headwind for consumers again: Gasoline Rising to Holiday High as Storm Surge Presses Obama By Asjylyn Loder August 28 (Bloomberg) — Hurricane Isaac and a deadly blast at Venezuela’s Amuay refinery pushed gasoline to an almost four- month high and threatened to revive a debate about energy costs in the run-up to ...Read More

they know nothing…

G7 Urges Oil Exporters to Increase Production August 28 (Reuters) — The Group of Seven finance ministers urged oil-producing countries on Tuesday to raise output to ensure the market is well supplied, while warning that Western nations were ready to tap strategic oil reserves to offset rising prices that could hurt global ...Read More

Ryan and Greenspan on Social Security

If any of you know Mr. Ryan kindly remind him of this exchange, thanks: PAUL RYAN: “Do you believe that personal retirement accounts can help us achieve solvency for the system and make those future retiree benefits more secure?” ALAN GREENSPAN: “Well, I wouldn’t say that the pay-as-you-go benefits are insecure, in ...Read More

1999 paper reposted

Exchange Rate Policy and Full Employment By Warren Mosler ...Read More

FICA taxes share of Federal tax ‘revenues’

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General Theory quote

“gold-mining is the only pretext for digging holes in the ground which has recommended itself to bankers as sound finance” – JM Keynes, 1936 ...Read More

2013 TED Prize Nomination Acknowledgement

>    >   (email exchange) >    >   On Fri, Aug 24, 2012 at 6:25 PM, Barry wrote: >    >   FYI. >    >   Cross fingers! >    Thank you for your 2013 TED Prize Nomination. Your nomination and nominee will be reviewed over the coming weeks and you will be notified as to the success of your nomination by ...Read More

interesting comment on my blog

Mosler knows! Thayer knew! Ruml knew! Jim Lacey apparently knows, and so did a couple of economists that helped the USA prosecute and win WW2: Robert Nathan and Simon Kuznets. Keep from All Thoughtful Men: How U.S. Economists Won World War II I got to page 34. “Orthodox economic thinking at the ...Read More

MMT in Italy

Translation: The national launching of the book by W. Mosler – The Seven Deadly Innocent Frauds MI – Feast of the Southern Italians (Meriondalisti italiani) MMT Democracy Modern Monetary Theory To build an economy that saves lives, saves the state, and saves democracy A state with sovereign money, legitimized by the citizens, ...Read More