I was not aware of that, as they don't seem to use the concept in any overt way in the material I have seen, Michel On Thu, Oct 13, 2011 at 5:30 PM, <[email protected]> wrote:
Michael Hudson and Steven Keen (student of Hyman Minsky as was Randall Wray) are both MMT economists. Hudson also includes the anti-imperial slice and Georgist economics which covers local taxation issues. If you listen carefully to the video he re-frames the state banking concept into the larger agenda of MMT/FF reforms. In this particular interview he goes deeper into the forensic aspect of Wall Street Fraud. The top expert in the US on financial sector crime is William Black who is also at UMKC. Hudson is the distinguished professor of economics for the UMKC Econ. Department which is the strongest academic department in the world for MMT/FF economics.
On Wed, 12 Oct 2011 14:54:26 -0400, Michel Bauwens <[email protected]> wrote:
big differences between ron paul and ralph nader/ kucinich on the other hand, but glad to hear they have found common ground that brings us forward ...
together with steven keen, michael hudson is probably my favourite economist,
I would characterise the latter as a left libertarian, and he has certainly nothing to do with anarcho-capitalism; I think he calls himself a 'Georgist economist' .. I would think people like him are for a progressive smallholder-based market system, with very strong egalitarian impuses ...
Please don't see this as a mere exercise in labelling, worldviews and perspectives are important, to find common ground it also helps when you know where the other is coming from
Kevin, you probably know more about this?
Martin, is a public utility necessarily centralized (or undemocratic ), I don't think so; of course, even if it were, we should not automatically fetishize distributed structures ... it's a question of balance or 'subsidiarity' ...
Michel
On Wed, Oct 12, 2011 at 8:36 PM, Natalie Golovin <[email protected]> wrote:
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...
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