By: Andrea Terzi
You may think that the Fed, the central bank of the U.S., has complete control, or at least some control of how many banknotes circulate in the economy. The fact is that the Fed has no power in this.
By: Andrea Terzi
If you think wars in Iraq and Afghanistan were a gigantic waste of money, chronic unemployment in peacetime may be even worse! War raises output and unemployment is not an efficient allocation of our resources. Read the rest of this entry »
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- Tags: Middle East, Unemployment, War
By: Andrea Terzi
There are no ’scarce resources’ causing the financial crisis and the global recession! And yet, no self-correcting force is likely to operate soon. In a “money crisis”, only political authorities (who are the ultimate monopolists of money) can provide effective answers. And to be effective, these should be based on out-of-the-box thinking.
- Independent Conn. Senate Candidate Warren Mosler Signs Pledge to Vote Against Any Cuts in Social Security or Medicare
- Views on Unemployment
- When is Government-Issued Debt Safe? If You Think This is Only True When Debt is Below Some Threshold You May be Dead Wrong
- The Fed is the Monopoly Supplier of Net Reserves to its Banking System; Therefore, has no Option But to Set at Least One Interest Rate
- In the Banking System, the Causation Runs From Loans to Deposits, That is: ‘Loans Create Deposits’.
- Operationally, Government Spending is Not Inherently Revenue Constrained. Any such Constraints Are Necessarily Self-Imposed
- Government $ Deficit = Non Government $ Surplus (Net Financial Assets)
- Warren Mosler on CNBC
- How to Fix the US Economy in Less Than 500 Words
- 2010 Mecpoc Symposium
- Mosler Summer Scholarship 2010
- What Will Change the Total Amount of Bank Deposits Held by the (Non-Bank) Private Sector?
- Does a Change in Our Spending Decisions Affect the Total Amount of Bank Deposits?
- Interview with Paul Davidson, Regarding the Crisis
- 2nd Mecpoc Symposium
- More Savings, Yet Less Business Finance: Why?
- Unemployment and Pro-War Sentiments?
- Why It's You and Me Deciding the Amount of Banknotes in Circulation
- Wars Waste Resources, So Does Unemployment
- Mosler Summer Scholarship 2009
- John: Mr. Mosler - I understand and agree with your explanation of the U.S. monetary system. I also agree [...]
- Zachary Levy: "And without a switch to a command type economy, it’s impossible to have complete full employment. [...]
- warren mosler: The Russian default was a typical fixed exchange rate blowup. The ruble was fixed at 6.45 to the [...]
- Robert Searle: I think when we are talking about banks, and money we are actually discussing ELECTRONIC DATA. T [...]
- Jonathan Stanford: Was the foreign USD debt burden enough to bring Russia to insolvency during the 1998 crisis? Because [...]
