[P2P-F] Senator Kucinich, and the Monetary Reform Bill.........

Mon Sep 26 14:12:44 CEST 2011

I am very familiar with the AMI's proposal. Relative to the MMT approach  
the AMI proposal is a half measure, and it relies upon the legislative  
process and celebrity politics. I suggested to Stephen Z. at the AMI's  
first annual conference the utility of a p2p like process to demonstrate  
what a sovereign currency would operate(hence the CRX as a learning  
process). He chose to structure local chapters as advocacy groups solely  
toward national level legislation for reform. The MMT folks believe that  
by the use of reserve accounting as used by the central banks and that  
Pres. R. Nixon took the US economy off of the gold standard in 1971 by  
executive order, federal level legislation is not required for monetary  
reform. I have labored to bring the two perspectives together, and Stephen  
seems to regard the MMT people as an opposition to his agenda. I have done  
several reviews of pop-level books on monetary economics for the AMI and  
have been invited to speak several times by Stephen Z. and continue to  
have conversations with him during the year. I believe that the Kucinich  
legislation is a worthy effort and doomed at the gate due to massive  
economic illiteracy, particularly at the legislative level. My approach is  
more on the lines of if the people will lead, the politicians will follow.

as we go, Tadit

On Mon, 26 Sep 2011 07:14:38 -0400, robert searle <dharao4 at yahoo.co.uk>  
wrote:

>  The following maybe of interest from the American Monetary Institute  
> headed by Stephen Zarlenga. The present page of the link reveals that  
> Senator Kucinich has been at it again to try, and have Congress take the  
> ideas of AMI seriously. A copy of the Bill can be found onsite...
>  http://www.monetary.org/
>   RS>