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

Mon Sep 26 20:45:44 CEST 2011

http://economics.arawakcity.org/node/357 Perter North's Money and  
Liberation
http://economics.arawakcity.org/node/674 Understanding Modern Money part  
one Randal Wray
http://economics.arawakcity.org/node/675 Understanding Modern Money part  
two Randall Wray
http://www.economics.arawakcity.org/node/437 Understanding Modern Money  
this a shorter version
http://www.economics.arawakcity.org/node/344 On Thomas Greco's Libertarian  
Economics
http://www.economics.arawakcity.org/node/350 on J.W. Smith's  Money A  
Mirror Image of The Economy

http://www.economics.arawakcity.org/node/320 this is a review by Dick  
Distlehorst's associated with the AMI of Lietaer's The Future of Money   
Which I agree with, and it is also outside of the

  here is a very very short independent review of the CRX posted at the  
Irish Smart Taxes website  
http://smarttaxes.org/2011/04/13/mmt-and-community-currency/

my review of Money As Debt was effectively submerged into Jamie Walton's  
review if you want to confirm this here is Stephen Zarlenga's email  
"Stephen Zarlenga" <ami at taconic.net> I expect that he is quite busy right  
now preparing for AMI's annual conference in Chicago  A paraphrase from  
Stephan identifies Brown as the biggest single obstacle to monetary  
reform. I believe that it is a bit of an overstatement, relative to the  
impediment of the neo-classical default.

on the issue of the characteristics of an MMT cult, I believe that you  
will in time perhaps re-allocate that tag. The basic issue comes down to  
fact and outcomes versus fictions and persuasive rhetoric rather than an  
informed process. It also becomes an issue of an open discourse favoring  
constructive alternatives. There is no doubt that we need an alternative  
monetary model, that much is easy. Identifying which model is more  
difficult particularly given the general level of econo-phobia. I expect  
that the MMT people will find the interpretation of MMT as a cult to be  
not unexpected, and patently wrong. As a quick example persisting in the  
support of an economic model even though it continues to devastate our  
commons at all levels ends up being a variety of Theo-classical economics  
to use William Black's (also at UMKC) turn of the phrase. Black's  
experience with high levels of fraud in the banking industry, basically  
substantiates the massive problems with neo-classical economics.

As I've also made clear I also don't agree with Stephen Z. on all points,  
and I just can't seem to persuade him that the MMT folk are not at all  
opposed to monetary reform, just on how we can accomplish that agenda.

for now, Tadit

On Mon, 26 Sep 2011 13:07:21 -0400, Michel Bauwens  
<michel at p2pfoundation.net> wrote:

> Dear Tadit,
>
> would you have a list of your monetary book reviews?
>
> Michel
>
> On Mon, Sep 26, 2011 at 7:12 PM, <ideasinc at ee.net> wrote:
>
>> 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>
>>
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