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Retired ('92)after working for every Administration since Truman, with the exception of the last 3 administrations. Mainlining golf is a major addiction, along with grandchildren, travel, great books and the leisure to really absorb it all. A policy wonk with a penchant for supporting issues including but not limited to: modern monetary operations, industrial hemp cultivation, wave energy powering the Gorlov helical turbine to replace most fossil fuels used to generate electricity, cultivation of industrial hemp to replace cotton and other inferior products, as well as thousands of other products normally produced with petroleum by-products.
I constantly ask the question,'why do political jurisdictions pay interest on 'fiat' credit since they are not profit making entities?' Few economists will answer, because they don't like the alternative of debt free societies.
I firmly believe in the following: "In the absence of freedom there is no creativity, and in the absence of creativity there is no progress." RB 1972
Monday, April 2, 2012 Stop The Lying About Federal Tax Policy (4 comments)
Tax policy should serve to only manage aggregate demand. It cannot logically be a new source of revenue for Federal Government spending.
Government must first spend dollars into the economy before it can tax or borrow those dollars. The Federal government is not constrained by revenue to spend.
Sunday, February 5, 2012 Strange Fruit Redux? (3 comments)
Rove and Norquist fighting Voter fraud or promoting voter suppression to even the odds, while at the same time risking social discontent over the disenfranchisement of some and the benefit of others in a tinder box of economic and social deprivation.
Friday, February 3, 2012 Federal Taxes Don't Pay For Anything (6 comments)
The gold standard monetary system is dead. Yet, all of our erstwhile leaders continue to make policy based on these outmoded rubrics.
They don't know that we can't go broke, and that federal taxes don't pay for anything. A sovereign currency nation is not constrained by revenue to spend. Taxes are stabilizers for aggregate demand, not revenue. Same for borrowing. Nothing is bought with those funds.
Wednesday, December 10, 2008 What Should We Know About Methane Hydrate Explosions?
How dangerous is methane hydrate caused by drilliong for oil and attempts to sequester CO2 in rock formations, and especially methane hydrate closer to the surface, like the Perma Frost in the Artic where warming has already had other worrisome effects?
