your making a serious accusation here, what evidence do you have that Ellen Brown does not simply disagree, but is actually funded for disinformation by the banking cartel ?<br><br>In fact, all the evidence is that they would hate her book, which is an argument for the sovereign creation of money and against debt-based currency creation,<br>
<br>the attacks against anyone who disagrees, such as Krugman, Stiglizt, Brown etc .. gives the impression that MMT behaves more like a cult than to engage in open and peer-based debate ..<br><br>Michel<br><br><div class="gmail_quote">
On Mon, Sep 26, 2011 at 7:55 PM, <span dir="ltr"><<a href="mailto:ideasinc@ee.net">ideasinc@ee.net</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;">
Please, excuse, and some of the text is partial and misleading. This<br>
objection should not be taken in an ad hominen intent. The British had at<br>
least one printing press operating on a ship in the New York harbor busily<br>
counterfeiting the Continentals and then putting them into circulation. So<br>
no, the Continental Congress's use of the Continentals did not produce<br>
inflation, but the British counterfeiting operation did. Dys-information<br>
regarding monetary practices and history is a well established tactic and<br>
it usually arrives in the form of Pop-economics funded by the banking<br>
cartel to preserve their monopolistic franchise. Brown is a popular and<br>
clear example of this process. The differences between the monetary<br>
policies of the US Union as compared to the monetary policies of the<br>
Southern Confederacy is a much better example. Generally Zarlenga's book<br>
can serve as an antidote. I believe that Abba Lerner did extensive<br>
research into the details of the economics of the US Confederacy which as<br>
a confederacy was not even a sovereignty based process, and actually close<br>
to the present EMU process. So much for looking into history to find more<br>
than a simple reflection of present presumptions.<br>
<br>
Regarding the "legality" of sovereign governments printing their own<br>
currency it is actually the standard, except that we have been led to<br>
believe that it is the franchise of privately owned banking cartel is the<br>
only "real" and accepted process, which is straight away false. No, it is<br>
not a legitimate subject of research, unless the details of MMT are<br>
declared by conflation and misrepresentation to be falsified, or if the<br>
intent is to sustain the privatized franchise or to re-invent MMT under a<br>
different branding. Zimbabwe is frequently pulled out as a bad example of<br>
the use of the sovereign use of currency, while simultaneously ignoring<br>
the massive incompetence and self dealing of that government. If there is<br>
an interest in a different slant on the hyper-inflation hyper-ventilation<br>
try this article.<br>
<br>
<a href="http://www.economics.arawakcity.org/node/233" target="_blank">http://www.economics.arawakcity.org/node/233</a><br>
<br>
While I appreciate in principle the P2P model deeply, it has to involve<br>
some level of rigorous discourse and examination. Despite the popularity<br>
of Ellen Brown, her material continues to play to a strategy of persuasion<br>
rather than analysis based upon informing facts, practices, and history. I<br>
did a close review of her "Money As Debt" for the AMI at one point and it<br>
is primarily a product of persuasion, not scientific in any serious sense.<br>
Her personal history was that previously she, as an attorney, specialized<br>
in writing briefs. That process boils down to picking a conclusion and a<br>
few key premises and then finding precedents which appear to validate the<br>
targeted conclusions. It is a rhetorical process to win an argument, and<br>
has little to do with on the ground history of facts. At one point Randall<br>
Wray offered to tutor Brown when she passed through Kansas City. Mo.<br>
promoting her book and self. She declined by not responding at all. This<br>
is how default paradigms get reproduced in an seemingly endless process.<br>
<br>
Tadit<br>
<br>
<br>
<br>
On Mon, 26 Sep 2011 08:07:04 -0400, robert searle <<a href="mailto:dharao4@yahoo.co.uk">dharao4@yahoo.co.uk</a>><br>
wrote:<br>
<div><div></div><div class="h5"><br>
><br>
><br>
><br>
> ----- Forwarded Message -----<br>
> From: robert searle <<a href="mailto:dharao4@yahoo.co.uk">dharao4@yahoo.co.uk</a>><br>
> To: "<a href="mailto:dharao4@yahoo.co.uk">dharao4@yahoo.co.uk</a>" <<a href="mailto:dharao4@yahoo.co.uk">dharao4@yahoo.co.uk</a>><br>
> Sent: Monday, 26 September 2011, 12:54<br>
> Subject: Can "Printing" Monye Save Economies?<br>
><br>
><br>
><br>
><br>
> If for whatever reasons governments cannot pay off their debts one way<br>
> of achieving economic stability is to "print" it en masse!! This is not<br>
> ofcourse a good debt concellation/reduction plan (!) as it could lead to<br>
> serious inflation, or even hyperinflation.....but it can work..if not<br>
> too much money is created by governments. Something like this could<br>
> ultimately save the Euro if it occurs on a large enough scale.<br>
><br>
> In pre-revolutionary America colonists found it very difficult to raise<br>
> funds in the various States they created. So, they resorted to the<br>
> printing press. Quite often this worked but not always (ref. Ellen<br>
> Brown/Web of Debt). Infact, the American War of Independence was funded<br>
> by printing money. This money was known as the Continentals but it<br>
> ultimately lead to serious inflation. However, it is claimed that the<br>
> Brits had been "flooding" the money supply with fake copies. The same<br>
> claim was also made about the Assignats created during the French<br>
> Revolution (ref. Zarlenga, and his key book on money). The American<br>
> Civil War was funded by Lincoln with his Greenbacks notes created by the<br>
> then existing government. This did not lead serious inflation as far as<br>
> we know...The Russian Revolution was largely funded in a like manner<br>
> though there is some talk about some capital being borrowed by private<br>
> foreign commercial banks.<br>
><br>
> It appears too that Hitlers miracle economic "revolution" leading to WII<br>
> was due to simply printing money but with strong price controls in place<br>
> on many products. Apparently, the same goes for the funding of the<br>
> Vietnam War when President Johnson admitted that it could not be<br>
> financed by taxation because the war was �so unpopular .......This is a<br>
> big subject, and no doubt other examples have not been included here<br>
> (notably Zimbabwe!!).<br>
><br>
><br>
> There are a number of articles about Hitler "printing" money on the<br>
> internet along with the Vietnam War (plus the �Assignats, Greenbacks, et<br>
> cetera, et cetera). �As far as I understand it governments cannot<br>
> legally create money electronically en direct into �the economy.<br>
> However, it is not fully �clear whether they can still print it<br>
> "legally". To very limitedextent this occurs but if huge amounts were<br>
> to �be involved this might require somekind of legal arrangement. This<br>
> is still subject to research.<br>
><br>
> <a href="http://www.google.co.uk/#pq=hitler+and+monetary+reform&hl=en&sugexp=tsh&cp=19&gs_id=20&xhr=t&q=hitler+prints+money&pf=p&sclient=psy-ab&source=hp&pbx=1&oq=hitler+prints+money&aq=f&aqi=&aql=&gs_sm=&gs_upl=&bav=on.2,or.r_gc.r_pw.&fp=92910b6b81417d8f&biw=1024&bih=585" target="_blank">http://www.google.co.uk/#pq=hitler+and+monetary+reform&hl=en&sugexp=tsh&cp=19&gs_id=20&xhr=t&q=hitler+prints+money&pf=p&sclient=psy-ab&source=hp&pbx=1&oq=hitler+prints+money&aq=f&aqi=&aql=&gs_sm=&gs_upl=&bav=on.2,or.r_gc.r_pw.&fp=92910b6b81417d8f&biw=1024&bih=585</a><br>
><br>
><br>
> <a href="http://www.google.co.uk/#pq=hitler+prints+money&hl=en&sugexp=tsh&cp=40&gs_id=3f&xhr=t&q=vietnam+president+johnson+printing+print+money&pf=p&sclient=psy-ab&source=hp&pbx=1&oq=vietnam+president+johnson+printing+print+money&aq=f&aqi=&aql=&gs_sm=&gs_upl=&bav=on.2,or.r_gc.r_pw.&fp=92910b6b81417d8f&biw=1024&bih=585" target="_blank">http://www.google.co.uk/#pq=hitler+prints+money&hl=en&sugexp=tsh&cp=40&gs_id=3f&xhr=t&q=vietnam+president+johnson+printing+print+money&pf=p&sclient=psy-ab&source=hp&pbx=1&oq=vietnam+president+johnson+printing+print+money&aq=f&aqi=&aql=&gs_sm=&gs_upl=&bav=on.2,or.r_gc.r_pw.&fp=92910b6b81417d8f&biw=1024&bih=585</a><br>
<br>
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