Monetary Realism

Understanding The Modern Monetary System…



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9 Responses

  1. Matt Franko says

    Mike I had to walk away and missed it on the XM but I believe it probably came up in the 3:50-4:00 pm segment today which they usually put up at the CNBC website with a 30 min or so delay… rsp

  2. Michael Sankowski says

    This is comical. Article 1, Section 8 explicitly gives congress the power to coin money.

    It’s a matter of using this power in a legally proscribed manner. Under today’s law, this means a platinum coin.

  3. Michael Sankowski says

    This is a great discussion, and getting the idea out there the government has this ability is very important. We’ve constrained our government for a long time.

    Overall, it’s worked out ok, but the end result is a huge asset bubble burst and massive demand shortfall. I would like to avoid imitating Japan’s no-growth economy. One way to do this is to have the appropriate level of deficit spending, combined with a fed which knows how to stay out of the way.

  4. Michael Sankowski says

    Did you happen to get a video of it somehow? I missed it.

  5. Joe Franzone says

    This is getting exciting. Could we see an actual and honest discussion of our monetary system in the mainstream?

    BTW, FOX has apparently debunked the TDC. Love the constitutional crisis she claims would arise because Congress doesn’t have the power to create money!?

  6. Matt Franko says


    CNBC’s Griffith reporting on it now (3:50 pm est) rsp,

  7. Matt Franko says

    Watch your left AND right flanks buddy! hang in there! rsp,

  8. Tom Hickey says

    beowulf, I hope you are ready for the fame and won’t let it go to your head. We love you just the way you are. :)

  9. beowulf says

    The jury’s still out on unicorns, but I’m pretty sure there’s a scientific, non-magical explanation for rainbows.