[P2P-F] Michael Hudson video *****

Wed Oct 12 14:46:53 CEST 2011

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-crime-gang-a-criminal-organization-ows-video/