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

Wed Oct 12 16:17:43 CEST 2011

Public banking? Is that not a centralising movement, a textbook 
Left/Marx design?

-m

---
..Neither left or right, I'm just staying home tonight..

On 12/10/11 14:36, Natalie Golovin 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: 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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