Warren Mosler

Economy
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Nominee's Key Links: 

Bio: 

Resume or CV: 

Writing or Publications: https://moslereconomics.com/

Website: https://moslereconomics.com/

Video: 

Socials: 

 

Agency or agencies for which nominator feels nominee is best suited:

  • Department of The Treasury
  • Federal Reserve System


    Organization name(s) and position(s) for which nominator feels nominee is best suited: <strong

    Secretary of the Treasury, or Chairman of the Federal Reserve Board

     

    Policies which the nominator knows the nominee supports or in which they have expertise:

    He originated Modern Monetary Theory (MMT), then termed Mosler Economics before the name was recoined MMT by the Australian, Bill Mitchel.
    Federal Reserve Operations, Treasury Operations
    Zero Interest Rate Policy -- Consider the implications on the now very sizeable interest on the debt of a zero interest rate target policy (assuming it works as Mosler supposes!). It also effectively changes the Fed into just hosting the computer servers for their payments facilities, a goal we share with Mosler! The ZIRP can be implemented two ways:
    1. Direct Monetary Financing (No longer issuing bonds. Effectively during the height of QE, Mosler once pointed out to pre-Fed Bernanke, the bonds the treasury issued, the Fed just turned around and reverse auctioned the same quantity--so if the Treasury hadnt issued them in the first place, it would have been the exact same result)
    2. The Fed is tied to a zero interest rate policy, which means it would be required to reverse auction all Treasury bonds out of the open market as they were auctioned into it. Corporate bonds, as they used to, could then resume their place in the financial sector that government bonds now play. If you think this policy is money printing, think again, and compare it to the current national debt, combined with a moderate interest rate target (what is it five percent currently?): for the same amount of fiscal deficit spending, an enormous amount more money is issued into the private sector, ultimately, by bond issuance, or at least by bond issuance with any non-zero rate policy. And so on.
    Mosler with his friend wrote a book about the Weimar inflation, so... He has been to Argentina (in the past) and advised the Argentine government (which agreed with him, he said, but which for international political reasons said they had to continue on with their opposite of non-zero rate policy)--I mean, just look at these results in all such countries!

     

    Nominator's thoughts on what would make this nominee a valuable member of a future Trump Unity Government

    1) Is Competent ... Yes.
    2) Is Honest... Yes.
    3) Is Respectful ... Yes, very.
    4) Has Integrity ... Yes.
    5) Has Courage ... Yes.
    6) Has a Proven Record... Yes.

    • 2

    MMT is unconstitutional, I’m currently writing an article on how MMT and Keynesian economics clash with the very foundations of the United States federal government. So I don’t think Mosler is a good fit.

    3

    Give Richard Werner a look in the Economics section. I’m glad someone nominated him, his interviews are remarkable.

    1 Like
    4

    MMT is cybernetics/transhumanism on turbo. The idea in between the lines is: take away money creation power from private banks and make them intermediaries, feed the useless eaters with UBI and make one central place for all economic decisions.

    Mosler is actually the better one among them. He’s just a regular bankster. And a contrarian. He’s actually the only one I like from those commies.

    It’s a pity that M. Hudson is hanging out with that crowd…