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Warren Mosler

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alleviated much quicker from a full payroll tax holiday that suspended FICA taxes (or massive government spending increases, depending on one's politics) until unemployment fell. He opposes overly high taxes since they discourage consumption within an economy but does agree a certain tax level is needed to guarantee citizens use the dollar as a currency. He is confident that inflation is a non-factor in his analysis given current procurement policy as long as there is sufficient excess capacity. In his theory the government has the complete ability to constantly expand net spending and guarantee consumption and growth. He supports unlimited FDIC deposit insurance for all bank deposits for US banks.
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90% of the cost paid by the firms. Finally, he supports issuing medical debit cards to all citizens, for a fixed amount. This covers any medical costs and any amount above this will be covered by "catastrophe insurance". At the end of every year, citizens would receive a portion of their unused medical debit card.
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Mosler supports government purchases of houses in the foreclosure process from the bank at the lower of the fair market value or remaining mortgage balance. The government then would rent the house back to the original owner and after two years the house is put on the market with the original owner
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Mosler supports government funding for full-time employment with full health care coverage for employees and dependents, thus triggering all firms providing health care to remain competitive. He states health cannot be viewed as a production cost, therefore the government should fund for at least
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Warren's hedge fund was informed by his developing theories. After his departure at the end of 1997, Warren's former business lost money when several dealers refused to make payments on credit default swaps on Russian debt. Separately, Warren attributed the crisis to the fixed exchange rate Russia
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He stresses that federal spending is in no way constrained by tax revenues, therefore the government will always be able to make payments in its own currency, stating "Federal Government checks don't bounce". He goes on to state that any and all debt passed on to future generations will never be
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In a brief proposal, Mosler stated the energy crisis could be solved by lowering the speed limit nationally to 30 mph. According to Mosler, this would cut gasoline consumption and pollution since automobiles run more efficiently at slower speeds, while also greatly increase the demand for
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Mosler supports eliminating the income tax and replacing it with a real estate tax to "anchor the currency". He also supports eliminating tax advantages for any savings accounts, since he states savings do not increase investments necessarily. He supports luxury taxes being used to limit the
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He is attributed with creating Mosler's law dealing with fiscal policy of a nation during a recession. Specifically, Mosler's law states that " no financial crisis so deep that a sufficiently large fiscal adjustment cannot deal with it." He stated that the recent recession could have been
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He developed much of his belief from his time as a hedge fund manager when many investors predicted the Italian government defaulting on bonds, whereas he predicted, correctly, that Italian government would not default and thus made considerable returns.
581:"A General Framework for the Analysis of Currencies and Commodities", in Full Employment and Price Stability in a Global Economy, edited by Paul Davidson and Jan Kregel, pp. 166–177, Northampton: Edward Elgar Publishing, Inc, 1999. 1474: 1833: 499:
that he prides on being much lighter, faster, and more fuel-efficient than other models. He is operating a unique 'tandem' four-hulled ferry that doesn't promote sea sickness to take passengers from St. Croix to St. Thomas.
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His models were marked by excellent performance and high speeds. Mosler was so confident about one of his models, the Consulier GTP, that he offered a bounty of $ 25,000 to anyone who could beat it in a race.
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took up the gauntlet and defeated his car. Mosler noted that the model used in the race was a worn-out Consulier and even so offered to pay if he was allowed to use his own driver and replace the brake pads.
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in 2014, after the Mosler Economic Policy Center (a center founded by him and aimed at encouraging education and research in new concepts and methods of economic policy analysis) had promoted a lecture about
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swaps and LIBOR caps, and financial futures markets. By the late 1990s, most of the firm had been largely turned over to his partners, as he had disagreements on the direction of some of its investments.
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In February 2009, Mosler declared his candidacy with the Federal Elections Commission to run for the office of President of the United States as an independent. In April 2010, he withdrew to run for a
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refused. Mosler subsequently offered the challenge once more for a higher bounty of $ 100,000 and held an event at Sebring where the Consulier again proved to be far quicker than any other road car.
1466: 1490: 2398: 1426: 715: 1662: 571:"Comment on 'In the Interests of Safety,' by Martin Mayer," in The Management of Global Financial Markets, edited by Jan Joost Teunissen, pp. 94–101, FONDAD: The Hague, 2000. 195: 919: 766: 1556: 1456: 302:, and recognized the validity of Mosler's analysis. Laffer also his staff economist Mark McNary, who provided editorial and research assistance in Warren's self-published 1525: 436:
In 2014, Mosler ran for lieutenant governor of the U.S. Virgin Islands as an independent, but quit the race early due to a difference of opinion with his running mate
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is created and used in modern economies. His unorthodox views have gained a substantial following among participants in Internet discussion groups and academics.
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In the 1990s he developed environmentally friendly vehicles including both electric cars and composite-bodied automobiles. The company was sold in June 2013.
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public transportation. He states that such an initiative would eventually lead to a supply shock forcing prices down, and improve real terms of trade.
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Mosler has run unsuccessfully three times for U.S. Virgin Islands delegate to the United States Congress; his last congressional race was in 2012.
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Warren Mosler, visiting professor at University of Bergamo, DAEMQ Department, Lectures of International Monetary Economics
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outlining errors that can be made in the development of policy and explains what he deems "true" as proper alternatives.
2443: 2383: 2040: 1988: 1919: 158: 1248: 856: 744: 1576: 1024: 341: 180: 2418: 1759: 898: 554:"Public Sector Employment, Foreign Exchange and Trade, Achieving Full Employment," edited by Ellen Carlson and 540:"Critique of John B. Taylor's 'Expectations, Open Market Operations, and Changes in the Federal Funds Rate'," 2011: 1404: 1109: 689: 430:, briefly as a Democrat, but ultimately as an independent. In the final tally he received 0.98% of the vote. 973: 2335: 521: 199: 157:
executive and entrepreneur. He is a co-founder of the Center for Full Employment And Price Stability at
1841: 1399: 1388: 999: 238: 2000: 1153: 568:"Building a Palestinian Economy," Middle East Insight, pp. 57–59, Washington DC, June–July 2001. 287: 211: 82: 2315: 516:
described Warren as "transitioning into an active retirement". Warren currently lives full time in
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in order to participate in a government-sponsored economic growth initiative. In 2013, the
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three times, and lieutenant governor. In 2018, he ran unsuccessfully for governor of the
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Modern Monetary Theory: Something Old, Something New, Something Borrowed, Something True
537:, January 2017, co authored by Professor Damiano Bruno Silipo, Università della Calabria 2156: 1908: 626: 470:. Starting in 1985, his cars were marketed by startup company Consulier, later renamed 353: 346: 337: 831: 2310: 2252: 2237: 2108: 2088: 2029: 1808: 1719: 1064: 471: 453: 162: 1241:"Another hat in the ring? Financial analyst Warren Mosler considers U.S. Senate run" 1875: 878:"Gubernatorial Candidate Soraya Diase Coffelt Launches Search for New Running Mate" 291: 86: 283: 279: 275: 118: 1346: 2093: 2021: 1613: 1603: 480: 295: 114: 1434: 1393: 1382: 2367: 2147: 2079: 2071: 1900: 1813: 1797: 1608: 616: 602: 463: 271: 234: 226: 30: 2305: 2295: 2285: 2280: 2161: 2127: 2118: 2098: 2050: 1934: 1863: 1851: 1704: 1545: 467: 1090: 2173: 1960: 1955: 1880: 1858: 1730: 230: 561:"Unemployment and Fiscal Policy, Unemployment: The Tip of the Iceberg," 1782: 1593: 1301:"Mosler Made The First Production Car With No Structural Metal In 1985" 319: 299: 250: 154: 1050: 373:
burdensome, since they will undoubtedly consume whatever is produced.
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as an independent candidate, coming in fourth with 4.7% of the vote.
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Excited to share his various economic theories, Warren met economist
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He initially went on to work at the Savings Bank of Manchester in
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Mosler has run as an independent for multiple offices including:
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and Ellen Carlson (eds.), pp. 219–231, CAER: Sydney, 2001.
547:"The Natural Rate of Interest Is Zero," with Mathew Forstater, 1377: 254: 690:"The Radical Theory That the Government Has Unlimited Money" 760: 758: 2399:
Candidates in the 2012 United States presidential election
1277:. Election System of the Virgin Islands. November 17, 2018 914: 912: 1372: 755: 857:"WARREN MOSLER ANNOUNCES 2018 BID FOR GOVERNOR OF USVI" 920:"Millionaire Warren Mosler announces bid for governor" 909: 796:"Millionaire Warren Mosler announces bid for governor" 767:"Millionaire Warren Mosler announces bid for governor" 282:
suggested Warren to seek out postkeynesian economists
183:, and in 2014 was appointed Visiting Professor at the 716:"American Supercar Brands Rossion And Mosler Merged" 578:(eds.), pp. 12–22, vol. 11, ELRR: Sydney, 2000. 447: 533:"Maximizing Price Stability in a Market Economy," 671:"Warren Mosler, a Deficit Lover With a Following" 334:"leadership in the field of economics is notable" 2365: 1378:The Center of the Universe: Warren Mosler's blog 745:"The Rock-Star Appeal of Modern Monetary Theory" 635:, www.mosler.org, 1993. Paper edition: AVM, 1995 458:Mosler developed several luxury sports cars and 168:Mosler is a proponent and research financier of 623:Seven Deadly Innocent Frauds of Economic Policy 327:Seven Deadly Innocent Frauds of Economic Policy 214:where he graduated with a degree in economics. 1373:Center for Full Employment and Price Stability 851: 849: 558:, pp. 62–71, vol. 12, ELRR: Sydney, 2001. 314:Academically, he is known for his writings on 2374:American founders of automobile manufacturers 1420: 893: 891: 2409:People from Saint Croix, U.S. Virgin Islands 764: 318:, an economic theory that describes the way 1080:, ME/MMT: The Currency as a Public Monopoly 899:"Diase Coffelt Taps Mosler As Running Mate" 872: 870: 846: 818: 816: 789: 787: 738: 736: 687: 2424:University of Missouri–Kansas City faculty 1427: 1413: 888: 742: 29: 1234: 1232: 1169: 1167: 1025:"Primi laureati alla Franklin University" 998:. Letter to Warren Mosler. Archived from 664: 662: 660: 658: 656: 654: 652: 650: 648: 278:. At a meeting of Social Policy in NYC, 265: 153:(born September 18, 1949) is an American 1441:2012 United States presidential election 1294: 1292: 1238: 1212: 1210: 1208: 1125: 1123: 939: 937: 935: 933: 867: 813: 784: 733: 714:Viknesh, Vijayenthiran (June 14, 2013). 615:, book written in Italian), foreword by 527: 1298: 1239:Altimari, Daniela (February 25, 2010). 991:Warden, P. Gregory (January 17, 2014). 713: 584:"Full Employment and Price Stability," 229:. From there he would go on to work on 2366: 1834:third-party and independent candidates 1229: 1216: 1192: 1173: 1164: 1151: 1107: 990: 903:The St. Croix Source US Virgin Islands 688:Streithorst, Tom (February 28, 2018). 668: 645: 421: 1830: 1408: 1289: 1205: 1120: 1110:"Alternative Bank Liquidity Proposal" 968: 966: 964: 962: 960: 958: 930: 793: 508:Around 2010, Mosler relocated to the 440:. In 2018, he ran unsuccessfully for 409:having the first rights of purchase. 1317: 244: 221:in 1973. Next he went on to work in 2414:People from Manchester, Connecticut 1271:"Unofficial Results as of 11/17/18" 681: 586:Journal of Post Keynesian Economics 542:Journal of Post Keynesian Economics 225:for Bache and Co. before moving to 13: 1132:"The Seven Deadly Innocent Frauds" 1129: 955: 743:Abrahamian, Atossa (May 8, 2017). 605:edition: 2012. Paper edition: 2013 418:consumption of undesirable goods. 298:economists had been familiar with 159:University of Missouri-Kansas City 14: 2460: 2404:21st-century American politicians 1395:Interview by The Norwich Bulletin 1366: 588:, Vol. 20, No. 2, Winter 1997–98. 448:Automotive and maritime interests 442:governor of the US Virgin Islands 380: 83:University of Connecticut, Storrs 2439:21st-century American economists 2429:University of Connecticut alumni 503: 309: 2379:Modern monetary theory scholars 1339: 1311: 1263: 1217:Mosler, Warren (Apr 26, 2009). 1193:Mosler, Warren (Feb 18, 2009). 1186: 1174:Mosler, Warren (May 22, 2008). 1145: 1101: 1083: 1071: 1065:"Mec Poc - Welcome to our site" 1057: 1051:"Mec Poc - Welcome to our site" 1043: 1017: 984: 428:U.S. Senate seat in Connecticut 363: 342:Franklin University Switzerland 181:Franklin University Switzerland 1299:Petrany, Mate (Jun 17, 2013). 1152:Mosler, Warren (Mar 2, 2009). 993:"Franklin College Switzerland" 707: 669:Lowery, Annie (July 4, 2013). 1: 2449:Sports car racing team owners 1891:American Third Position Party 1108:Mosler, Sada (May 20, 2008). 861:The Virgin Islands Consortium 771:The Virgin Islands Daily News 639: 495:Mosler also designed his own 349:at Franklin the year before. 306:, "Soft-Currency Economics". 205: 16:America economist (born 1949) 1154:"Mosler Healthcare Proposal" 882:The Source US Virgin Islands 828:Federal Elections Commission 294:to discuss his ideas. These 7: 2434:Economists from Connecticut 1320:"Rough Sea Quad-Hulled Cat" 10: 2465: 1842:American Independent Party 1351:The Center of the Universe 1158:The Center of the Universe 599:Soft Currency Economics II 549:JOURNAL OF ECONOMIC ISSUES 535:Journal of Policy Modeling 451: 2444:Automotive businesspeople 2384:Post-Keynesian economists 2330: 2262: 2226: 2205: 2182: 2136: 2107: 2060: 2039: 2010: 1987: 1969: 1918: 1889: 1840: 1826: 1773: 1755: 1748: 1695: 1682: 1675: 1633: 1626: 1534: 1511: 1504: 1452: 1318:Pike, Dag (16 May 2016). 1195:"Mosler housing proposal" 924:Virgin Islands Daily News 212:University of Connecticut 144: 140: 136: 124: 106: 101: 97: 93: 78: 68: 45: 40: 28: 21: 2184:Socialist Equality Party 2041:Socialism and Liberation 1486:General election debates 1176:"Energy Crisis Solution" 551:, Vol. XXXIX No. 2, 2005 332:In recognition that his 274:through a referral from 2263:Independents and others 2207:Socialist Workers Party 2062:Peace and Freedom Party 1979:Nominee: Stephen Durham 1971:Freedom Socialist Party 978:Car & Driver Report 633:Soft Currency Economics 219:Manchester, Connecticut 192:United States president 62:Manchester, Connecticut 1948:VP nominee: Jim Clymer 1569:Incumbent VP nominee: 1491:Newspaper endorsements 1223:Center of the Universe 1199:Center of the Universe 1180:Center of the Universe 1139:Center of the Universe 1114:Center of the Universe 949:Center of the Universe 336:Mosler was awarded an 316:Modern Monetary Theory 266:Transition to academia 173:Modern Monetary Theory 131:Modern Monetary Theory 111:Modern Monetary Theory 2419:Connecticut Democrats 1275:2018 General Election 528:Selected publications 358:University of Bergamo 325:In 2010 he published 249:In 1982 he founded a 185:University of Bergamo 2336:Other 2012 elections 905:. September 2, 2018. 794:Archibald, Cameron. 613:Up with the deficit! 438:Soraya Diase Coffelt 210:Mosler attended the 196:delegate to Congress 175:. He was awarded an 1544:Incumbent nominee: 1347:"Warren Mosler Bio" 1219:"Current Proposals" 980:. 7 September 2010. 926:. January 18, 2018. 863:. January 27, 2018. 619:, Edizioni Sì, 2012 609:In alto il deficit! 601:, ADS Incorporate, 576:William F. Mitchell 556:William F. Mitchell 522:U.S. Virgin Islands 510:U.S. Virgin Islands 422:Political campaigns 202:as an independent. 200:U.S. Virgin Islands 161:and the founder of 2157:Laurence Kotlikoff 1920:Constitution Party 1909:Virginia Abernethy 1857:Other candidates: 765:Daily News Staff. 627:James K. Galbraith 354:visiting professor 352:In 2014 he became 347:functional finance 338:honorary doctorate 177:honorary doctorate 56:September 18, 1949 2361: 2360: 2326: 2325: 2311:Michael Bloomberg 2269:Objectivist Party 2253:Alejandro Mendoza 2238:Stewart Alexander 2154:Other candidates: 2125:Other candidates: 2109:Prohibition Party 2089:Stewart Alexander 2086:Other candidates: 2030:Luis J. Rodriguez 1953:Other candidates: 1822: 1821: 1809:Stewart Alexander 1806:Other candidates: 1744: 1743: 1676:Libertarian Party 1671: 1670: 1622: 1621: 1029:www.ticinonews.ch 472:Mosler Automotive 454:Mosler Automotive 262:had at the time. 245:Hedge fund career 163:Mosler Automotive 148: 147: 2456: 2316:attempt to draft 1989:Grassroots Party 1876:Edward C. Noonan 1828: 1827: 1753: 1752: 1727:Other candidates 1680: 1679: 1631: 1630: 1627:Republican Party 1509: 1508: 1505:Democratic Party 1429: 1422: 1415: 1406: 1405: 1396: 1385: 1361: 1360: 1358: 1357: 1343: 1337: 1336: 1334: 1332: 1325:Maritime Journal 1315: 1309: 1308: 1296: 1287: 1286: 1284: 1282: 1267: 1261: 1260: 1258: 1256: 1247:. Archived from 1236: 1227: 1226: 1214: 1203: 1202: 1190: 1184: 1183: 1171: 1162: 1161: 1149: 1143: 1142: 1136: 1130:Mosler, Warren. 1127: 1118: 1117: 1105: 1099: 1098: 1087: 1081: 1075: 1069: 1068: 1061: 1055: 1054: 1047: 1041: 1040: 1038: 1036: 1021: 1015: 1014: 1012: 1010: 1004: 997: 988: 982: 981: 970: 953: 952: 941: 928: 927: 916: 907: 906: 895: 886: 885: 874: 865: 864: 853: 844: 843: 841: 839: 830:. 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Index


Manchester, Connecticut
Independent
University of Connecticut, Storrs
BA
Modern Monetary Theory
Macroeconomics
Monetary policy
Modern Monetary Theory
hedge fund
University of Missouri-Kansas City
Mosler Automotive
post-Keynesian
Modern Monetary Theory
honorary doctorate
Franklin University Switzerland
University of Bergamo
United States president
delegate to Congress
U.S. Virgin Islands
University of Connecticut
Manchester, Connecticut
Hartford
New York City
Wall Street
Bankers Trust
William Blair
hedge fund
LIBOR
Arthur Laffer

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