On a weekly basis, Randy Wray is posting pieces on New Economic Perspectives that gradually build toward a comprehensive understanding of Modern Monetary Theory. MMT describes how a monetary system works, assuming an economy where the government is the monopoly issuer of money, i.e., taxes can only be paid in the state currency, and government offers no fixed-rate conversion commitment to any real or financial asset.
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Independent Conn. Senate Candidate Warren Mosler Signs Pledge to Vote Against Any Cuts in Social Security or Medicare
In: Announcements
Middletown, Conn. (June, 2010) –Warren Mosler, a leading voice in the fight against the Congressional bipartisan move to slash Social Security and Medicare, has signed a University of Missouri Kansas City (UMKC) economics department pledge to never vote for any reductions in Social Security or Medicare benefits, or any delays in eligibility.
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