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October 19, 2011

Economic Reform Newsletter: Occupy Everything Movement, What Is Money?, A Banker-Led Lincoln Assassination?, Iceland

By Scott Baker

The latest newsletter covers: Occupy Wall Street (with pics), State Banking, Land Value Taxation, CAFRs reform, Greenbacking, Modern Monetary Theory. Local funding options for NYC. What is Money? Henry George Was Lincoln Assassinated by the Bankers? The biggest economics group in the world - online. What if we're NOT broke? Iceland update. Perry's economic non-miracle

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Hello Fellow Economic Reformers:



As the Occupy Wall Street (OWS) Movement here in NYC turns into the Occupy Everything, and the Arab Spring and European Summer turns into the American Autumn, we are reminded that the kind of gross wealth inequity currently in place is almost always a precursor to riots and revolutions.  It is almost a natural law that when CEOs make over 300X the average workers, when social mobility has become frozen, and when policies make speculators and monopolists the top income producers (I hesitate to call them "earners" because what have they actually "earned"?), we're going to have serious unrest.  It's worth examining the charts from the link above to see how far we've strayed from the norms of American culture.  You can almost overlay these charts on pre-Great Depression America, and we know how that turned out.  As for why a special ire is directed at the banks, it may have something to do with the fact that banks make 30% of all corporate profits, cost households some $20 trillion in lost wealth (obligingly recapitalized by a complicit Federal reserve...to the banks), and that 5,000 $1 million+ bonuses were given out in 2008.  Read more reasons here.

I've been down to the OWS site 4 times, twice with another member of Common Ground-NYC (once with a new HG student too), and once with a member of the Public Banking Group from California who flew in just to present the public banking case.  We handed out hundreds of fliers and some Robert Schalkenbach Foundation donated books, had dozens of stimulating conversations, and tried to present our cases.  In nearly every case the solutions of Public Banking, Land Value Taxation, Greenback/debt-free money were completely new to them.  And these are typically people who care a great deal about our economy, our society!  What has the MSM media been feeding them?  Well, lies, pessimism, tales of shortages with moral solutions based on austerity (for what the OWS crowd calls the 99%, not the top 1%, no, never them . Well, I think the next 10% facilitates the top 1%, but why quibble...).  I was interviewed by an independent media producer here.  I don't come in until the 3:30 mark, and even then, only my comments about State Banking were included.  What?  It's wrong to have more than one solution?  Don't we have more than one problem?

In the past month I've also tried the opposite tack from to-the-people outreach, by taking the case for Single Tax and Public Banking Reform directly to the politicians (they are just not ready for Greenbacking - more on that in a moment), both in a public forum at 2 town hall meetings, where I had an opportunity to present an alternative funding proposal for a 1 mile esplanade project in my neighborhood, based on a local Land Value Tax, and also directly to a local assembly member in his office.  Although no promises were made, it is good to have the opportunity to make these cases.  Read more about the effort here.

Some pictures I took at OWS are here.

If I had to rank proposals to fix the economy in order of acceptability - that is, believability in the cure - on the part of the OWS crowd and the hundreds of tourists and New Yorkers who took my fliers and dozens who engaged me in conversation, I'd say it goes something like this:

1.  State Banks .  We have the undeniable success of the Bank of North Dakota here.  Better yet, people have actually heard of this in some cases, and sort of know it works.  The Public Banking Institute has produced a nice 2-page flier, 56-page legislative guide, and website here, and PBI leader Ellen Brown has been a promotional whirlwind, so that certainly helps.  Also, there is just something people get at a gut level about returning money collected in the state back to the people of the state. 
The only objections I hear are that North Dakota is after all, a tiny population state (672,591 as of the last census) , and that a state bank - particularly in NY because it is the headquarters for virtually all the country's major banks - would be a source of corruption and cronyism.  We cannot let a State Bank become an Economic Development Corporation or a slush fund for pet projects.  It has to be run prudently, and with conservative oversight, as the BND is.  Of course, we also need to get to the underlying source of the bubble-bust phenomena....

2.  Land Value Taxation .  It helps to talk to people outside, in the heart of the valuable NYC Financial district.  I can literally point to skyscrapers and ask people to imagine what they would be worth in the middle of Wyoming.  This makes the case for the value of the underlying land vs. the building better than any flier or dry statistics could.  The objection here is that people just don't think it is large enough.  When I point out that the Single Tax would be a tax on the raw value of ALL natural resources and locations, and that this is estimated to be over 1/3 of GDP, they listen, but are still skeptical.  The idea that people should be allowed to keep what they produce, OTOH, goes over quite well, even among the supposedly "socialist" left students and young people who are mainly behind the OWS movement.  The mass media has this wrong too.  From what I can see, no one is opposed to an honest worker or entrepreneur keeping most of what they earn, they simply don't believe the big banks and those who work there have earned what they take in honestly .  In this I agree, as I think do the majority of Americans.

3.  Greenbacking, or producing U.S. Notes.  This seems to be the toughest sell.  I got into a protracted argument with a young man about whether it would be destructively inflationary to release billions, maybe trillions, of fresh new money into the economy.  My point is that such money would be put into depressed areas where there is underinvestment, so it is constructively inflationary.  This young fellow was very sure of himself, no doubt having learned his lessons well about the evils of inflation in traditional B-school.  It was hard to convince him that commodity speculation on the part of hedge funds and other financial gamblers was mostly what was causing price appreciation there, not demand (See Zarlenga's article below).  It was even harder to convince him that inflation could be contained mostly to the depressed areas.  Well, perhaps wage inflation will be a problem (though wages for the bottom 80% have lagged for years and need to catch up) down the road, but first we have to keep the road from crumbling .  See here for just one tiny infrastructure problem on the east coast of Manhattan, where the esplanade is literally falling into the East River. 
Either by Greenbacking new dollars, or by imposing a Land Value Tax to pay for it, areas like this need some sort of fresh funding to fix them.  Is there really any doubt about the need to repair our D-rated infrastructure?  Yes, we need Land Value Taxation to properly focus our attention on what's valuable land worth improving and what isn't - no more abandoned housing developments that way.  But there can be no doubt that Something Needs to be Done!  Here's something...

Staying Local
A Georgist-type proposal to tax the land near Manhattan's west side Hudson River Park faces challenges, but also support from the neighborhood, which may not be able to get park improvements any other way.
Hudson River Park Tax Bid Could Affect More Properties
When I gave my little 3-minute presentation to the Town Hall, hosted by an assembly member, a State Senator, and a Council member, I used this proposal as a local example of what could be done.  For now, however, an agreement has been made to do a complicated land swap for money with the U.N. and that trumps all other alternatives.  Stay tuned....

A Fine Site to See
A quick plug to one of our brethren from down under in New Zealand, Resource Rentals, for no other reason than to point out a good website and resource base.  As we look for ways to get our solutions out there, we should look for good, clean examples of branded messaging like this.

And, a personal plug for my new semi-serious article on unserious politicians: The H.Y.P.O.C.R.I.S.Y. Act: Making Politicians Mean What They Say, or Else... and a new article on the Occupy Wall Street movement, including an update from my activist friend in Madrid.
I hope to set up a collaboration with Op Ed News where I am a Senior Editor/Blogger so we can swap articles with each other.  OEN is covering the OWS movement like no one else, but the truth is the OWS people are very media savvy already, and have posted their demands for all to see (https://sites.google.com/site/the99percentdeclaration/) and they have a large online Yahoo Group too - some 500 people in just the first day!

Modern Monetary Theory and Georgism, Greenbacking and State Banking
I've been having a rousing debate with two of the founders of a movement called Modern Monetary Theory.  You can read in detail what it's about here (click here) but like all good theories these days, it rejects conventional notions of most mainstream economics.  Unlike many theories, however, it is actually getting some mainstream traction because it doesn't seek to overthrow current practice as much as to explain what goes on differently and truthfully.  Even CNBC had a positive review, here
Here are some highlights:
1.  We have lived under a fiat system since at least 1971, when Nixon finally removed us completely from the gold standard (see below for why gold doesn't work as a basis for money).  Under a fiat money system, of course, where federal Governments are the sole creators of money, money cannot run out, since more can always be created.  This is a double-edged sword, but at least it is a sword.  Well, sharp readers will be asking "Well, what about the money the banks create when they make loans?"  Clearly we do have a credit-money contraction when that is curtailed, as now.  I would agree, and one of my ongoing arguments with the MMT people is the degree to which we really do have a fully sovereign money system.  It is certainly not the money system envisioned by Greenbackers like Henry George, Lincoln or today, Kucinich and Zarlenga (MMT people have problems with the last three of these, and only approve of George on the Land issue; I recently got Warren Mosler, a key MMT proponent, to agree to "consider" changing his call for a Real Estate Tax to just one on Land .  I'll let you know what this thought-leader finally decides.  It may lead to a significant synthesis between MMT people and Georgists).

2.  They agree with Greenbackers in that in a fiat money system, money gets its legitimacy by being the only way to pay your financial obligations, most importantly, taxes.  So far, I have not gotten economist Randell Wray or Finance specialist Warren Mosler to agree that issuing Greenbacks directly is a good idea, or indeed, that it is any different from simply allowing the deficit to run up without paying back the debt - which they argue is a fiction anyway, in a fiat money system.  But if enough people believe the debt is real, isn't it real?  If this existential question is answered affirmatively, even the MMT people seem to agree, it will determine whether deficit hawks plunge us into a depression in an effort to "balance the budget," or else find some way to live with expanding the money supply, even if it means "adding to the debt" in conventional thought.  They differ from the Keynesians in this crucial way, by not accepting that government spending can create true debt in the first place, when the government can simply create new money.  Money, which they say, is the origin of all money in circulation for later use.  What of the banks?  Well, they borrow on the interbank market, and in fact, compete with each other in a way that causes interest rates to go down, not up, as is commonly believed.  At least that was how it worked until the Fed started paying 2% interest for banks to park their reserves with them.  MMT doesn't say that this parking is causing the drop in lending, even between banks themselves, but it seemed that way to me when the Fed started it in 2008, and still seems that way.  In any case, MMT agrees with Ellen Brown and other honest analysts in that banks lend money first , and then worry about how to borrow it at a cheaper rate later.  

Maybe the most important takeaway from MMT, or Greenbacking, is the understanding that we are not only not broke, it is actually impossible for a truly sovereign* (*Our loss of sovereignty can be traced from 1913 when the mostly private Federal Reserve was created .) country to be broke.  Unfortunately, the Left (http://storyofstuff.org/broke/) as well as the Right buys into this fiction, which makes us into a nation of Pie Slicers .  The Left wants more of the pie for social programs and the Right wants more for defense and well, frankly, some pet projects they won't admit to (neither party has a good track record in reducing the deficit, especially lately).  What we need is to bake a new pie with new ingredients, with bigger slices for most people.

Perhaps it's worth stepping back and asking...


What is Money?
I get into pretty constant debates with people about this question.  I'll state my view here and then let others make my larger points with a couple of links:
1.  Money is a "Legal Creation."  This view goes back to Aristotle, and its modern equivalent are the legal tender laws we all live by when we use "cash."
2.  The value of money is controlled by its quantity.  This is not strictly a definition, but it does make clear that Money has no intrinsic value of its own.  What about gold, you ask.  Well....
For a good explanation of why gold won't work, read this.

And I'll let Henry George explain the reason for Greenback money here.

The truth of the matter is that the power to issue money is a valuable privilege which, to secure the best circulating medium and to put all citizens on a footing of equality, ought to be retained by the general government, and to be permitted to no one else, either individual or corporation. The Greenbackers, who have insisted that national bank notes should not be permitted, and that all money should be the direct issue of the government, are in the right. It is a pity that so many Greenbackers permit themselves to be used by the silver men, instead of insisting on their own principles. If we want two millions of notes issued every month, let them be greenbacks, and let the two millions now expended in buying silver be saved.

Henry George had an even harder time convincing the world to use Greenbacks than to levy taxes solely on Land values.  He is not remembered at all for his Greenbacker views, except by scholars willing to examine his writings minutely.

It is up to the listeners to hear what we say, not just the speakers to say what they mean.
Now, some of you might be aware we've had some internal issues with the local Common Ground chapter lately, but this is small stuff, insignificant really in the larger scheme of things.  It is, however, the kind of thing that lets the power elite sleep at night, secure in the knowledge that many of those who oppose them will self-destruct before they are a true threat.

Lest you still need another reminder of the sacrifices sometimes required, please read this short biography of Henry George by Jeff Smith.

Will Rep. Dennis Kucinich do any better?  See him try to re-introduce the N.E.E.D. Act - (shown here: HR6550) - to Congress here, at about the 4.5 minute mark.   One of the best explanations of the difference between real wealth and money I've heard in a long time.  He gets it.
It's tough to completely overhaul the nation's century-old Central Bank system, and finally replace debt with actual money, as HR6550 would do.  It might be more practical to first have Congress simply follow its constitutional mandate, as secured in Article 1, section 8, to re-introduce truly sovereign United States Notes, issued debt-free from the U.S. Treasury.  Zarlenga argues that the last time this was done, in Lincoln's day, the bankers quickly suppressed this competing currency, and eventually established the Federal Reserve system we know and loath today.  This is all true, and perhaps in the long run HR6550 is the way to go, but do we have a long run to wait?  Perhaps if we could get Congress to simply issue new debt-free Greenbacks to pay for vital infrastructure and provide new jobs, people would come around to this old-is-new-again form of money, and support the full monetary reform Zarlenga and Kucinich promote (their proposals are virtually identical).  At least that is what I argue here.

And, another thing...

Was Lincoln Assassinated for His Monetary Views?
There is no question John Wilkes Booth assassinated Lincoln, or that he was a southern sympathizer (despite being a northerner who never served in the Southern Army), but there is substantial evidence that he and his co-conspirators, who were supposed to assassinate both secretary of State Seward (and nearly did) and Secretary of War Stanton (who was spared even the attempt by a thankfully timid co-conspirator), expected to prosper from a big payoff, according to several witnesses.  This is documented in chapter V at length in Greenbacker Gerry McGeer's book, "The Conquest of Poverty" and here.  It's worth reading Keith Gardner's treatise first, as he makes several references to Henry George's support of the Greenback, as well as dissecting McGeer's work.
Quoting witnesses liberally, McGeer speaks of the vested banking interest at the end of his chapter:
"It is easy to understand how the "bold and daring men" who were sponsoring this racket in Lincoln's time "were able to execute anything they would undertake without regard to the cost"...
Booth undoubtedly was the leader in the organized plan which had been carefully developed to assassinate Lincoln, Seward and Stanton. This plan was not original with Booth. He was employed by certain rebel agents operating in the cities of Montreal and Toronto in Canada who, in turn, were engaged by an undisclosed group of wealthy men who were vitally interested in Lincoln's removal. Working in secrecy, these men used the Southern agents to conceal both their motive and identity. It was a clever piece of work and worthy of the devilish cunning of usury. The unknown men who originated the conspiracy were not associated or connected in any way with the Southern leaders or the Southern government.
These facts are clearly set out in a published report of the trial and execution of the assassins and conspirators who were brought to justice for their part in the murder of Lincoln. This record, published in Philadelphia by T.B. Peterson & Bros., of 306 Chestnut Street, in 1865 "is a full and verbatim report of all the witnesses examined in the whole trial"."

Would-be assassins exist always and everywhere, and men of means have ways of ferreting them out and facilitating them, while using existing motives to cover their tracks.
As McGeer says:
"Lincoln's biographers have failed to appreciate his great work as a practical economist. They have failed to recognize that he was and still remains the greatest, most effective and practical of all money reformers. They have treated him as a great humanist, ignoring the fact that his ideas of practical economy flow from the inspired gift of infallible prescience. His part in the struggle to emancipate the negro from slavery and to prevent the destruction of his nation by cesession have been allowed to overshadow his greater work which characterized his attempt to establish a sane and sound national currency system."
Exactly right, and no accident either.  The educational system is happy with the emancipation of chattel slaves, but the funders of that system would not be happy with the emancipation of private and public borrowers.
 
From the Mouths of Wolves?
Question: What is now the largest economics group in the world, funded with $50 million from George Soros (that helps!) and has a slick website (a necessity!)?
Answer: It is the Institute for New Economic Thinking - INET.  The roster of famous and not-so-famous economists is too long to recite here, but you can go on the site and see for yourself.

See their history here, and watch the 10-minute video of the founding of this not-quite 2-year old group.


A Code of Ethics for Economists?
Should there be a code of ethics for Economists?  Watch this video from the Institute of New Economic Thinking and decide for yourself.  INET is now the largest organization of economists in the world, and much of it is slick and online.  However, none of this could have occurred without George Soros' money and initiation.   How far will the economists go before bumping into their founder and saying, "Oh, guess what, we figured out the problem is people like you "?  This may be the first truly productive thing George Soros has done for the rest of the world, aside from his charities (and maybe we wouldn't need so many charities in a fair and just world).   Will it be the last?
Let's see how far we can push the envelope. How can we promote Henry George, State Banking, and Greenback Monetary Reform, on this site? You can create an account, Search, for example, Henry George, http://ineteconomics.org/question/best-new-media-resources-new-thinking vote Thumbs Up for relevant comments.  If we can move good comments to the top, maybe they'll have other Georgist economists on like Mason Gaffney.  See his new video here: http://www.youtube.com/user/geophilos.  They already do have Michael Hudson and Fred Harrison.

What else can we do to promote our principles and really promote New Economic Thinking

Public Banking
The Public Banking Facebook site for New York now has a simpler URL : http://www.facebook.com/publicbankingnewyork
Keep checking back there for updates, bill progress on A06737 , which is being studied by the banks right now for "feasibility."  We'll have to keep an eye on these foxes.  And don't forget to sign our e-petition .
Meanwhile, in California, Bill AB750 - a bill to study the feasibility of a State Bank - has been returned by Governor Jerry Brown.  Brown has pledged to have no more committees, and says California politicians have enough expertise to decide whether to have a State Bank or not.
Ellen Brown has written a concise analysis of why California needs a State Bank NOW, and what a State Bank has done for North Dakota, here
Read more from the Public Banking Institute here.

Former Trader and Monetary Reformer Stephen Zarlenga deconstructs the oil(y) markets

In an article on Huffington Post, noted Monetary reformer, Stephen Zarlenga, decimates the oil markets as a speculator's playing field, having nothing to do with "price discovery."  This is something I've written about in this space before, but it's great to see a man of his stature saying the same thing.  I do, however, disagree with his regulation-approach.  As you know, we go for fundamental reform here, and more regulations, on top of the ones that haven't worked so far, won't cut it.  Instead, as I said in my comment to the article:
Zarlenga, whom I've met several times, diagnoses the problem correctly, but fails to provide the right antidote. The solution is not more regulation, which as we've seen, is just bypassed by smart speculators anyway, but to institute a tax on all raw forms (that is, before they are mined, refined distributed and sold) of natural resources. This Single Tax on location and natural resources, espoused, as he knows, by Henry George, would end speculation by taxing away the incentive, but encourage development, entrepreneurship, productivity by untaxing those. It would be fair, just, equitable, progressive (the more you use, the more you pay), environmentally stable, economically sustainable (no more booms and busts from Land speculation) etc.

Zarlenga's AMA is a step in the right direction, though its centralization premise worries me as it does the MMT folks, who have talked to Zarlenga but failed to move him their way, but more importantly, we need the Single Tax too.
 
Or, Perhaps We Already Have All The Money we Need
From the darkest recesses (not by his own choosing, no doubt), of the economic reform movement comes Walter Burien, virtually single-handedly analyzing all 184,000 Comprehensive Annual Financial Reports, and concluding:
Per understanding CAFRs, people have been intentionally kept in the dark so long they forget the basics:

"1. A "Budget Report" is a selective funding of x accounts from x resources (set up to be primarily funded with taxation and done so "for the year")

2. An "Annual Financial Report" is the showing of "all" income: Investment; taxation; and Enterprise, plus the "accumulated wealth over decades. Budgets are for the year, an AFR is for it all since creation of the entity.

There is a big difference between the two. A correct analogy would be: The budget to operate your house vs. your statement of net worth.

The public has been played with the biggest shell game of selective presentation there is allowing for massive fortunes to be made by the inside players over the last several decades...

Every investment fund large and small is a power base. Where that money is invested determines what company; real-estate venture, etc., is made or broken. Thus in line with that, never a mention of the 184,000 AFRs of the corresponding local governments..nor the many thousands of specialty investment funds they contain. I note gov pension funds facilitate the same. Paying employee benefits from the return on the funds is an after thought for the government players.

The head communists back in the 30's and 40's said they could take over America without firming a shot. The undercurrents of that statement were that they could depend on the greed and opportunity of the players to accomplish that goal and it did. US Collective government since 2000 brings in more gross income than the entire gross income of the population of the United States.

Taxation is rammed down the public's throat (1/3rd of the gross income) and Investment / Enterprise income (2/3rd of the gross income) the "silence is golden" rule is strictly enforced with the full symbiotic cooperation of the syndicated media; controlled education; and both political parties as applies over the last century." 

Elsewhere on his site, Burien points out that the trillions invested by the Federal Government all over the world rise in market value when the dollar weakens due to exchange rates.  Still elsewhere, he says:
The composite totals of investment assets held internationally by USA government is staggering. Between local and Federal government, the total of liquid investment assets held Internationally is a conservative sixty (60) Trillion dollars.
At other times, and other places on his labyrinthine websites, I've seen him quote total assets of $110 Trillion (but, who's counting?  No really, who is counting?).  To go into Burien's world is to descend into a Bizorro world of uber-conspiracies and upside-down economics: that is, the Government is over-flowing in money, not broke, and what's bad for ordinary people is good for government investments. 
If tapped as a Tax Retirement Fund, says Burien, we could forget about little steps like Welfare, since none of us would have to work another day in our lives!  Is this even theoretically possible?  Where does wealth come from if not from people working (somewhere) on the resources of the Earth to produce the things people desire and that have exchange value? 

The bigger the conspiracy, the bigger the proof needed, and there is great need for more provers , if not more proof (you could literally spend weeks examining all his links, and still not scratch the surface).  We need a Kucinich to sponsor a bill, or, earlier in the process, a team of recognized mainstream auditors to really examine the CAFRs Burien and a handful of others have.  Until then, this author at least is left scratching his head, wondering if the mini-conspiracies of disinformation are really just distractions from the BIG LIE about the world's true areas of wealth (or, at least, investment wealth, not the same thing as true wealth).

Meanwhile, back in the world we call real (but, which may be an economic fiction according to Burien)...

Did Iceland just go Georgist?
I've talked about the quiet (media suppressed?) revolution in Iceland in this space before.  They have thrown over the banking elite, issued arrest warrants for those responsible, and are systematically going about writing a new constitution.  But, there's more.  Iceland just might be about to become the first Georgist nation.

Look at this Associated Press article, towards the end, about Iceland's vital fishing rights (fishing is very important industry in that frozen country, which otherwise could not grow enough to feed itself): http://www.usatoday.com/money/world/2011-06-12-Iceland-constitution-online_n.htm

and there's more, about natural resources in article 34 of the new constitution:
Article 34. Natural resources Iceland's natural resources that are not private property shall be the joint and perpetual property of the nation. No one can acquire the natural resources, or rights connected thereto, as property or for permanent use and they may not be sold or pledged. Publicly owned natural resources include resources such as marine stocks, other resources of the ocean and its bottom within Iceland's economic zone and the sources of water and water-harnessing rights, the rights to geothermal energy and mining. The public ownership of resources below a certain depth under the earth's surface may be determined by law. In the use of natural resources, sustainable development and public interest shall be used for guidance. The public authorities, along with those using the natural resources, shall be responsible for their protection. The public authorities may, on the basis of law, issue permits for the use of natural resources or other limited public goods, against full payment and for a modest period of time in each instance. Such permits shall be issued on an equal-opportunity basis and it shall never lead to a right of ownership or irrevocable control of the natural resources.

Perry Parries
I don't normally stray into election politics in this space, but Texas Governor Rick Perry's so-called economic miracle has to be countered in economic terms.  Commentator Jim Hightower does a good job in a short article here: Perry Tales: Rick Is Not Who He Says He Is .

Finally...
It is sometimes difficult to introduce newbies to these kinds of topics.  I lay out some simple openers here:
Talking to Regular People about Economic Reform

Onward and upward with true reform!  It's not a question of "Revolution Now" but of "Revolution How?"....



Authors Website: http://newthinking.blogspot.com/

Authors Bio:

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:

http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for Common Ground's national publication, GroundSwell, and has advocated for the Georgist Land Value Tax to public and political audiences.

A complete list of his publications can be found here:

Click Here



He is also New York State Coordinator and Senior Advisor for the Public Banking Institute

Click Here, which seeks to promote Public Banking. The PBI is chaired by another OEN blogger, Ellen Brown.
Scott has appeared on TV/Radio and in in-person Presentations to explain the principles of Georgism, Greenbacking, and State Banking. These may also be found on his personal blog: http://newthinking.blogspot.com/


Scott has a dozen progressive petitions on Change.org which may be found here:

http://chn.ge/10nUAmJ

Scott was an I.T. Manager for a major New York university for over two decades where he earned a Certificate for Frontline Leadership.


He had a video game published in Compute! Magazine: Click Here

Scott is a graduate and adjunct faculty of the Henry George School of Social Science in New York City.


Scott is a modern-day Renaissance Man with interests in economics, science and all future-forward topics.

He has been called an "adept syncretist" by Kirkus Discoveries for his novel, NeitherWorld - a two-volume opus blending Native American myth, archaeological detail, government conspiracy, with a sci-fi flair http://amzn.to/10nUoDV


Scott grew up in New York City and Pennsylvania. He graduated with honors and a Bachelor's degree in Psychology from Pennsylvania State University and was a member of the Psychology honor society PSI CHI.

Today he is an avid bicyclist and ride co-leader in a prominent bike advocacy organization.

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