Sunday, June 28, 2020

Complementary currencies for municipal finance — Steve Randy Waldman

It is an act of criminal malfeasance that the United States’ federal government has not eased the tremendous fiscal pressure on states and municipalities, enabling them to prioritize public health and long-term economic wealth over immediate maintenance of tax revenue. Misgovernance of the United States presently rises to the level of war crime (and that is not just Donald Trump).
A recent article by Rohan Grey, aptly titled Monetary Resilience, highlights one way this national misgovernance might be circumvented. Municipalities could issue complementary currencies:...
Rohan Grey is an MMT lawyer.

What is an MMT lawyer, you ask. A lawyer that understands the institutional aspect of "money," which is as much as legal concept as an economic one, if not more.

A number of legal experts are now interested in MMT and involved in what has become the "MMT project" from an institutional and policy perspective in addition to an economic and financial one.

Lawyers Ellen Brown and Carlos (beowulf) Mucha were instrumental in the platinum coin proposal going viral, for instance.

Interfluidity
Complementary currencies for municipal finance
Steve Randy Waldman

18 comments:

Matt Franko said...

“ Lawyers Ellen Brown and Carlos (beowulf) Mucha were instrumental in the platinum coin proposal going viral, for instance.”

If they actually did the coin thing it would have increased reserve assets to a point where the entire depository system would have become insolvent...

Good thing they never took MMT up on that one... would have caused GFC 2...

Matt Franko said...

“A number of legal experts are now interested in MMT and involved in what has become the "MMT project" from an institutional and policy perspective“

LOL they are all left wing political hacks...

Greg said...


“Left wing political hack” .....Nice figures of speech there Matt

Mucha is anything but left wing

And IF the coin were to cause insolvency....... just change the rules about solvency. It’s a choice to set the parameters where they are......but you already know that you political hack.

Matt Franko said...

“ Mucha is anything but left wing”

BS.., he retweets and likes David Jolly ALL THE F-ING TIME...

Carlos certainly is a good person (and I’m pretty sure so are you btw) and you guys can advocate for anybody and anything you are led to as morons but don’t come on here and claim you guys are scientific ... that’s not how you guys were trained ...

Carlos is a f-ing trial lawyer he is in court before a judge ALL THE TIME...

He is trained to dogmatically advocate for his clients thesis of innocence he is not going to argue for the plaintiff asshole...

“ just change the rules about solvency”

LOL that’s what they did asshole,.. May 15th... until end of March 2021...

Probably the most significant regulatory modification of Depositories since 2009 where are you guys in this?

NOWHERE...

Got one thumb up your moron ass and the other in your mouth playing switch...

Where is Carlos or any of the MMT morons pointing this out?

They won’t do it because it would conflict with their Thesis of the coin...

They only point to data that supports their Theory and ignore any other...

That is how they have been trained..,

Matt Franko said...

Hey ask the MMT morons if “the deficit is too small!” It’s like $2T and we are still in the shitter...

Matt Franko said...

“ just change the rules about solvency. ”

LOL!!!

That’s like S400 when you point out how the shutdown has demonstrated the MMT JG inadequate instead of adjusting their Thesis to provide for a basic income (because conditions can obviously develop where people are being PREVENTED FROM GOING TO WORK) they say “well we will have to redefine what work is...”

You people are really... really ... sub human pieces of garbage... you are all very stupid...

This is like your boy Hegel ( you guys would all line up to blow him multiple times if he were still alive I’m sure...) Hegel said “if the data conflicts with the Theory THEN SO MUCH WORSE FOR THE DATA...”

You are all sad ...sad excuses for human beings...

Hopefully you guys are in the process of going down... for a long time...

Here: “ Central Bank can just run negative equity!”

ie You guys “we will just have to redefine what solvency is...”

Translation of you guys here: “were too stupid to understand or too lazy to understand the Accounting so just let equity balance go to wherever it may... were too stupid to manage the regulatory levels...”

Sad!

Greg said...

“LOL that’s what they did asshole,.. May 15th... until end of March 2021...“



Then why point out that the coin would cause insolvency? It would only be the case if the authorities LET IT cause insolvency. They know this , you know this
Bringing that up only exposes you as a political hack.

The only real point of the big coin is to expose the ridiculous idea of a debt ceiling..... you do disagree with the idea of an arbitrary debt ceiling don’t you?

Greg said...

And Matt, would you mind giving us the list of things we have to do to elevate above subhuman garbage, since you are the arbiter of humanness. Must be nice up there on that pedestal

Matt Franko said...

“ you do disagree with the idea of an arbitrary debt ceiling don’t you?”

Perhaps not IF that USD balance was recognized as savings (ie a leakage) ...

I’m against identifying that USD balance as “debt” as then morons (like you guys are trained ... same way... same type people...you people are all f-ing stupid m-fers...) then literally think (reification) the US government institution is borrowing its own issued (abstract) liabilities..



Matt Franko said...

“ giving us the list of things we have to do to elevate above subhuman garbage”

All this is not a behavior modification program... I don’t think there is anything you can do about it at this point in your lives.. you’re already well trained in your method..it’s sad to watch (as a fellow human being)... doesn’t really matter long term ultimately we are all dead .... but does matter for us who are in the here and now... we should want a methodology that works for us while we were here imo...

The purpose of your faction’s existence within mankind appears to me to be to simply demonstrate the employment of a methodology (dialog/reason) that doesn’t work... it’s a complete failure...

And you people are in control at the top levels of administration... . so everything is pretty f-ed up...


















Matt Franko said...

“ Then why point out that the coin would cause insolvency? It would only be the case if the authorities LET IT cause insolvency. They know this ,”

Where is your EVIDENCE that they know this??????

There is NO EVIDENCE that they know this..., WHERE IS IT????

Should be easy for you to post a link here if like you say “they know this”

Or are you going to go all David Icke now and say they are lizard people who really know what they are doing?????

Matt Franko said...

Or Bigfoot maybe? Yeti? Louisiana skunk ape?

The “vast neoliberals conspiracy!” ???

“Myth!” ?

This all just Evolved from the apes by random chance mutation??? Bad luck???

THEY.... ARE...TRAINED... TO... BE... MORONS ... AND .... . NOT..... QUALIFIED...... THEY ... THINK....ACCOUNTING.... ABSTRACTIONS.... ARE ... REAL... AND .... WE.., CAN ....RUN... OUT ....OF ..... THEM..... THEY... ARE... DISGRACED... PIECES.. OF.... HUMAN.... GARBAGE...,

Peter Pan said...

Paradigm deficiency disorder?

Peter Pan said...
This comment has been removed by the author.
Peter Pan said...

The Windows kernal suffers from Para-D DD.

Greg said...

The “they” in my comment was about Rohan Grey and other MMT people..... can’t you stay on task? That’s who you were criticizing.

And why should there be any ceiling on savings? What could possibly be a good reason for that

Leakages!!! What? Our money is running through pipes!!??

S400 said...

Ok mister matt science. WHO said this?

“because conditions can obviously develop where people are being PREVENTED FROM GOING TO WORK) they say “well we will have to redefine what work is...”

Or are making it up as usual?

S400 said...

Prevention from going to work is not a condition that will last. Is that hard to understand?