MMT proposals for the 99%
1. A full FICA suspension to end that highly regressive, punishing tax and restore sales, output, and jobs. 2. $150 billion in federal revenue sharing for the state goverments on a per capita basis to...
View ArticleProposal update, including the JG
My proposals remain: 1. A full FICA suspension: The suspension of FICA paid by employees restores spending which supports output and employment. The suspension of FICA paid by business helps keep costs...
View ArticleGreece
Comes back to the idea that resolving solvency issues in the euro zone doesn’t fix the economy. And with negative growth the solvency math doesn’t work for any of the euro members. And what’s with the...
View ArticleVideo from Venice presentation
Venice video link here. Also, Trichet Friday, the German elections, and G8 reports seem to be setting the tone for the euro zone to do something about the solvency issue. This is very good for equities...
View ArticleHow to fix the euro banking system
The banks need, and I propose, ECB deposit insurance for all euro zone banks. Currently the member governments insure their own member bank deposits and do the regulation and supervision. So to get...
View ArticleEndorsement of Mosler’s 3-point plan
Endorsement of Mosler’s 3-point plan After hearing an explanation of Modern Monetary Theory by Warren Mosler, Occupy Dallas endorses his remedy for our nation’s current economic condition: 1-cut FICA...
View ArticleDeficit maths redux- Faulty logic in 2014 GDP forecasts?
Pretty much all forecasters expect improvement in 2014 largely from what they call a reduction in fiscal drag. Their logic goes something like this (with the actual numbers varying a bit with different...
View ArticleTime to say goodbye? Schauble Calls on Italy to Pursue Structural Reform
Schäuble Calls on Italy to Pursue Structural Reform By Andrea Thomas July 16 (WSJ) — German Finance Minister Wolfgang Schäuble called on Italy to pursue its ambitious structural reform efforts if it...
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There is no right time for the Fed to raise rates!
There is no right time for the Fed to raise rates! Introduction I reject the belief that economy is strong and operating anywhere near full employment. I also reject the belief that a zero-rate policy...
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