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

Wed Oct 12 15:36:23 CEST 2011

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: ideasinc at ee.net
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-crime-gang-a-criminal-organization-ows-video/

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