The social democratic wing of the US Democratic Party is floating two important proposals: 1) provide financial services through the wide network of postal offices to the so-called ‘unbanked and underbanked’ population; and 2) cap interest rates at 15% [6]. Both proposals have connections with monetary reform. The Kucinich NEED Act caps interest rates … Continue reading “On Money: Postal Financial Services”
Tag: Monetary Reform
Dutch Report on Money and Debt and its Reception by Ons Geld
On January 17, 2019, a research institute of the Dutch government, The Netherlands Scientific Council for Government Policy (WRR), offered its report on banking and money-creation to the Dutch government [1]. The report was commissioned by the government after a motion in the Dutch parliament in March 2016 during a debate, which itself was triggered … Continue reading “Dutch Report on Money and Debt and its Reception by Ons Geld”
Ons Geld and the Road to the WRR Report
Ons Geld (Our Money) is a Dutch foundation promoting sovereign monetary reform. Its motto is “Money Creation for the General Welfare” and proposes four changes to the current, dysfunctional money system, which proposal is basically the same as what for example The American Monetary Institute [1] and The Alliance for Just Money [2] propose in the … Continue reading “Ons Geld and the Road to the WRR Report”
Human Causes of the Economic Crisis and Spiritual Solutions
A Seeker Speaks / Thursday, November 27, 2008 / Steve Larsen In recent months, we have seen unprecedented upheavals the US as well as the global economy. Big banks have fallen, as have insurance companies and brokerage companies followed by huge losses in the stock market. It is estimated US citizens have lost over a … Continue reading “Human Causes of the Economic Crisis and Spiritual Solutions”
Paying for the Green New Deal
Open Letter by Nick Egnatz to US Congresswoman Alexandria Ocasio-Cortez (NY-14). Dear Congresswoman Ocasio-Cortez, You have proposed an individual income tax rate of 70% on earnings in access of $10 million per year. This to fund a proposed progressive agenda of transitioning to clean renewable energy, expanded Medicare for All and tuition free public university … Continue reading “Paying for the Green New Deal”
Introduction to the Problem with Modern Monetary Theory (MMT)
By Govert Schuller. The Modern Monetary Theory (MMT) school is perceived sometimes as representing the ideas of the New Currency Theory (NCT) school so named by the eminent German economic sociologist and monetary reform theorist Joseph Huber. Huber, though admitting overlaps between the two theories, thinks the actual differences have profound consequences both at the theoretical … Continue reading “Introduction to the Problem with Modern Monetary Theory (MMT)”
Labor Day and Monetary Reform
Labor Day might be the appropriate day to confirm the establishment of an activist organization promoting economic and social justice by reforming the US monetary system. Its name is the Alliance for Just Money. The goal is to bring the money system back under sovereign, constitutional control away from the commercial banks which have abused their … Continue reading “Labor Day and Monetary Reform”
Modeling the Financial-Economic System and how to make it Sustainable
Two economic researchers, van Egmond and de Vries, at the Sustainable Finance Lab (University of Utrecht, the Netherlands) developed a dynamics model in which the financial system is explicitly included. Their working paper is titled “Dynamics of a Sustainable Financial-Economic System”[1] and it also addresses a sovereign monetary system. After Yamaguchi in 2010 [2] and … Continue reading “Modeling the Financial-Economic System and how to make it Sustainable”
Alliance for Just Money
INTRODUCTION A new organization focusing on sovereign monetary reform has been established. Its name is the Alliance for Just Money and it grew organically out of the American Monetary Institute, with which it is allied. On the fifteenth of July, 2018, the founding meeting of the new organization took place. Articles of incorporation, by-laws, mission statement and guiding … Continue reading “Alliance for Just Money”
Trump crossed the Rubicon, but let’s stay positive
About a year ago I thought it very probable that Trump would vacate his position before 18 months of his presidency would have elapsed. I did not make a big announcement of that combined prediction and hope, but still shared it with a few friends. Many times I thought it was getting close but then … Continue reading “Trump crossed the Rubicon, but let’s stay positive”