I was not aware of that, as they don't seem to use the concept in any overt way in the material I have seen,<br><br>Michel<br><br><div class="gmail_quote">On Thu, Oct 13, 2011 at 5:30 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;">Michael Hudson and Steven Keen (student of Hyman Minsky as was Randall<br>
Wray) are both MMT economists. Hudson also includes the anti-imperial<br>
slice and Georgist economics which covers local taxation issues. If you<br>
listen carefully to the video he re-frames the state banking concept into<br>
the larger agenda of MMT/FF reforms. In this particular interview he goes<br>
deeper into the forensic aspect of Wall Street Fraud. The top expert in<br>
the US on financial sector crime is William Black who is also at UMKC.<br>
Hudson is the distinguished professor of economics for the UMKC Econ.<br>
Department which is the strongest academic department in the world for<br>
MMT/FF economics.<br>
<div><div></div><div class="h5"><br>
<br>
<br>
<br>
<br>
On Wed, 12 Oct 2011 14:54:26 -0400, Michel Bauwens<br>
<<a href="mailto:michel@p2pfoundation.net">michel@p2pfoundation.net</a>> wrote:<br>
<br>
> big differences between ron paul and ralph nader/ kucinich on the other<br>
> hand, but glad to hear they have found common ground that brings us<br>
> forward<br>
> ...<br>
><br>
> together with steven keen, michael hudson is probably my favourite<br>
> economist,<br>
><br>
> I would characterise the latter as a left libertarian, and he has<br>
> certainly<br>
> nothing to do with anarcho-capitalism; I think he calls himself a<br>
> 'Georgist<br>
> economist' .. I would think people like him are for a progressive<br>
> smallholder-based market system, with very strong egalitarian impuses ...<br>
><br>
> Please don't see this as a mere exercise in labelling, worldviews and<br>
> perspectives are important, to find common ground it also helps when you<br>
> know where the other is coming from<br>
><br>
> Kevin, you probably know more about �this?<br>
><br>
> Martin, is a public utility necessarily centralized (or undemocratic ), I<br>
> don't think so; of course, even if it were, we should not automatically<br>
> fetishize distributed structures ... it's a question of balance or<br>
> 'subsidiarity' ...<br>
><br>
> Michel<br>
><br>
><br>
><br>
> On Wed, Oct 12, 2011 at 8:36 PM, Natalie Golovin <<a href="mailto:10natalie@cox.net">10natalie@cox.net</a>><br>
> wrote:<br>
><br>
>> Hello Peers-I've been following Michael Hudson for a long time.<br>
>> Libertarian<br>
>> economic ideas are shunned by mainstream candidates & progressives won't<br>
>> listen with open minds. If you like Hudson & Yves Smith- maybe P2P could<br>
>> listen more carefully to details put forth by Ron Paul, Ralph Nader,<br>
>> Dennis<br>
>> Kucinich. Not the panacea you imagine, but much closer to freedom then<br>
>> the<br>
>> criminals in charge now. Hope you've read "Reckless Endangerment" and<br>
>> learned how conniving businessmen used affordable housing and were<br>
>> protected<br>
>> by an aura of political correctness-to build the Fannie/Freddie scheme.<br>
>> Often regulatory capture is used by the Left to promote equality but the<br>
>> $$$<br>
>> ends up in the pockets of the liars-posing as liberals.<br>
>><br>
>> -----Original Message-----<br>
>> From: <a href="mailto:ideasinc@ee.net">ideasinc@ee.net</a><br>
>> Sent: Wednesday, October 12, 2011 5:46 AM<br>
>> To: P2P Foundation mailing list ; <a href="http://toeslist.yahoogroups.com" target="_blank">toeslist.yahoogroups.com</a><br>
>> Subject: [P2P-F] Michael Hudson video *****<br>
>><br>
>> In this Real New Network interview Michael Hudson has put forth the best<br>
>> reasoning that I've heard favoring state banking. It is to treat the<br>
>> entire banking sector as a public utility function only. This brings the<br>
>> MMT and FF principles for fiscal policy reform into prominence by having<br>
>> the rest of the necessary reform agenda. Reiteration, a major part of<br>
>> the<br>
>> problem is the banking culture itself. Shifting that sector primarily<br>
>> toward functioning as a regulated, public utility. Eliminating the<br>
>> fractional reserve franchise is another line on a reform agenda.<br>
>> Re-establishing the debt free supply of currency is another agenda line.<br>
>> Countercyclical intervention to create jobs is another slice of<br>
>> functional<br>
>> finance fiscal policies. Repairing, building, and expanding public<br>
>> infrastructure is another entry.<br>
>><br>
>><br>
>> Tadit<br>
>><br>
>><br>
>><br>
>><br>
>><br>
>><br>
>> <a href="http://ampedstatus.org/michael-hudson-on-occupywallstreet-wall-street-is-a-crime-gang-a-criminal-organization-ows-video/" target="_blank">http://ampedstatus.org/michael-hudson-on-occupywallstreet-wall-street-is-a-crime-gang-a-criminal-organization-ows-video/</a><br>
>><br>
>> _______________________________________________<br>
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