All Life Is Problem Solving

Joe Firestone’s Blog on Knowledge and Knowledge Management

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Jamie Galbaith’s “Foreword” To Modern Money: A Commentary

June 14th, 2010 · Comments Off

Warren Mosler has an important forthcoming book called The Seven Deadly Innocent Frauds, which is, fortunately, available right now in a pre-publication version for reading and commenting from Warren’s site. Jamie Galbraith, Warren’s friend and occasional co-author has recently written a Foreword to the book, which also can serve as a Foreword to the Modern [...]

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Tags: Politics

Getting Us Out of This Fix In 90 Days

June 9th, 2010 · Comments Off

In a heartfelt piece lamenting the jobs crisis and Washington’s Hooverite response to it, Bob Herbert of the New York Times said: There is no plan that I can see to get us out of this fix. Drastic cuts in government spending would only compound the crisis. State and local governments, for example, are shedding [...]

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Tags: Politics

An Open Letter to President Obama

June 8th, 2010 · Comments Off

Dear President Obama: I’m not entirely sure how to put this, so I guess I’ll just come right out and say it. During the last presidential campaign and in the context of John McCain’s admission that he didn’t understand economics very well, you let us know that you thought you had a very good understanding [...]

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Tags: Politics

G20 Says Expansionary Fiscal Policy Not Sustainable

June 7th, 2010 · Comments Off

By Warren Mosler With permission of the author The G20 has dropped its support for fiscal expansion. The deficit hawks are prevailing. But why is that? We all either know or should know that operationally Federal spending is not constrained by revenues, as Chairman Bernanke stated last year, when asked on ’60 Minutes’ by Scott [...]

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Tags: Knowledge Management

How’d You Like To Win A Million Dollars?

June 6th, 2010 · Comments Off

Warren Mosler, an international financial consultant, and Independent Party Candidate for the Senate in Connecticut has issued a challenge to his opponents. Here’s the nub of it. A 37 year ‘insider’ in monetary operations, Mosler knows as a fact of actual monetary operations that, operationally, there is no such thing as the US government running [...]

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Tags: Politics

Money and Coercion

June 2nd, 2010 · 2 Comments

At the very end of the Seminal/FireDogLake discussion of my last post, “How Are You Going To Pay For It”, two commenters, ironymeter and konst, offered some comments about the idea in Modern Monetary Theory (MMT) that fiat currency is, to a great extent, accepted, because the Government mandates its status as sole legal tender [...]

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Tags: Politics

‘How Are You Gonna Pay For It?’

May 27th, 2010 · Comments Off

This is the third and last in a series of posts based on youtubes from a speech in Milford CT by Warren Mosler. Warren is running for the Senate in CT in the Independent Party primary. Unlike both the Democratic and Republican candidates Warren really understands economics and his forté is explaining it to people. [...]

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Tags: Politics

‘The Democrats Have Lost Their Way’

May 26th, 2010 · Comments Off

This is the second in a series of posts based on youtubes from a speech in Milford CT by Warren Mosler. Warren is running for the Senate in CT in the Independent Party primary. Unlike both the Democratic and Republican candidates Warren really understands economics and his forté is explaining it to people. Here’s a [...]

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Tags: Politics

“Call It Horseradish”

May 25th, 2010 · Comments Off

Warren Mosler is running for the Senate in Connecticut in the Independent Party primary. Unlike both the Democratic and Republican candidates Warren really understands economics and he’s really brilliant at explaining it to regular folks. Here’s a youtube on why we never have to worry about having enough money to repay the Chinese, or ant [...]

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Tags: Politics

Fiscal Sustainability Teach-In Counter-conference: A Funding Proposal

April 17th, 2010 · 2 Comments

Background Fiscal sustainability is very much in the News these days because of the activities of the President’s National Commission on Fiscal Responsibility and Reform, The Peterson Foundation’s very vigorous efforts to present a point of view on fiscal sustainability that reinforces and expands the outlook of the National Commission’s statement of purpose, The Washington [...]

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Tags: Politics