Modern Monetary Theory: The Last Progressive Left Standing

Modern Monetary Theory: The Last Progressive Left Standing

By Warren Mosler

Initial recommendations for President Obama


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Initial recommendations for President Obama:

  • Offer a $10 per hour national service job to anyone willing and able to work.
  • Declare a payroll tax holiday and have the Treasury make all FICA payments at least until the economy is deemed to be ‘overheating.’
  • Cut the national speed limit for private ground transportation to 30 mph to immediately reduce gasoline consumption (and save lives).
  • Implement needed infrastructure spending for deferred maintenance.
  • Suspend the Fed swap line program.
  • Suspend a variety of the recent, counterproductive assistance programs to the financial sector.


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