iPhone app iPad app Android phone app Android tablet app

Public Purpose

The Lost Profession of Banking

John Fullerton | Posted 11.29.2011 | Business
Read More: Securitization, Infrastructure Bank, JP Morgan, Securities, Public-Banking, Business Climate Conference, Derivatives, Too Big to Fail Banks, Too Big to Fail, Merrill Lynch Bank of America, Banking, Bank of America, Leverage, Bank of North Dakota, Public-Purpose, Business News
John Fullerton

The time has come for an intelligent, independently-governed, public infrastructure bank, ideally partnering with real banks that see their public purpose as a profession, focused on productive lending in the real economy.

Read Whole Story

Mercy! Can't They Get Anything Right?

Warren Mosler | Posted 09.18.2011 | Business
Read More: Social Security, Small Business, Mmt, Scarcity, Fica, Jobs, Modern Monetary Theory, Consumer Spending, Payroll Taxes, Labor, Unemployment, Payroll Tax Holiday, Political-Pledge, Job Creation, Public-Purpose, Productivity, Business News
Warren Mosler

Even with sky-high unemployment, we can easily afford to both suspend FICA and truly strengthen Social Security and Medicare by increasing the minimum benefits and closing the donut holes.

Read Whole Story

How to Fight Back Against Wall Street -- Starve the Beast

Warren Mosler | Posted 05.25.2011 | Politics
Read More: Wall Street, Government Securities, Second Issues, Banks, Savings, Public-Purpose, Treasuries, Securities, Equities, Pension Funds, Politics News
Warren Mosler

A large part of the Wall Street food supply is the U.S. pension system. Right now these are bloated whales being eaten alive by the sharks. But that can change.

Read Whole Story

Taxes For Revenue Are Obsolete

Warren Mosler | Posted 05.25.2011 | Politics
Read More: Public Purpose, Inconvertible Currency, Taxes, Public Policy, Federal Reserve, Corporate Tax, Raising Revenue, Ruml, Politics News
Warren Mosler

While Social Security and Medicare may turn out to be inflationary, they are not 'bankrupting the nation' as most believe, including a Democratic Congress that cut Medicare spending with the recent health care bill.

Read Whole Story