Hello Peers-I've been following Michael Hudson for a long time. Libertarian economic ideas are shunned by mainstream candidates & progressives won't listen with open minds. If you like Hudson & Yves Smith- maybe P2P could listen more carefully to details put forth by Ron Paul, Ralph Nader, Dennis Kucinich. Not the panacea you imagine, but much closer to freedom then the criminals in charge now. Hope you've read "Reckless Endangerment" and learned how conniving businessmen used affordable housing and were protected by an aura of political correctness-to build the Fannie/Freddie scheme. Often regulatory capture is used by the Left to promote equality but the $$$ ends up in the pockets of the liars-posing as liberals. -----Original Message----- From: [email protected] Sent: Wednesday, October 12, 2011 5:46 AM To: P2P Foundation mailing list ; toeslist.yahoogroups.com Subject: [P2P-F] Michael Hudson video ***** In this Real New Network interview Michael Hudson has put forth the best reasoning that I've heard favoring state banking. It is to treat the entire banking sector as a public utility function only. This brings the MMT and FF principles for fiscal policy reform into prominence by having the rest of the necessary reform agenda. Reiteration, a major part of the problem is the banking culture itself. Shifting that sector primarily toward functioning as a regulated, public utility. Eliminating the fractional reserve franchise is another line on a reform agenda. Re-establishing the debt free supply of currency is another agenda line. Countercyclical intervention to create jobs is another slice of functional finance fiscal policies. Repairing, building, and expanding public infrastructure is another entry. Tadit http://ampedstatus.org/michael-hudson-on-occupywallstreet-wall-street-is-a-c... _______________________________________________ P2P Foundation - Mailing list http://www.p2pfoundation.net https://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation