Just Third Way Hour #4 - Federal Reserve and Puerto Rico
Mar 1, 2018 ·
59m 16s
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Description
Federal Reserve and Puerto Rico
Comments
JTW Broadcasting
6 years ago
We are planning to do that! You've hit on the key change -- a democratized, asset-backed money system -- needed to make Capital Homesteading for every citizen a reality.
JTW Broadcasting
6 years ago
Hi again, Joyce. To respond to your comment about Nobel Prize Economist Paul Samuelson's uninformed and Keynesian-biased reactions, you can get a dose of his arrogance in the "60 minutes" Mike Wallace interview with Louis Kelso: https://youtu.be/eUf51M9D6sw I also meant to agree with you that we need a series of videos/podcasts examining the role of money in building a more just, free and non-monopolistic market system with universal access to capital ownership. "MONEY POWER TO EVERY CITIZEN!"
JTW Broadcasting
6 years ago
Thanks, Joyce, for these insightful comments.On the issue of how we communicate what "money" is (key to universalizing citizen access to capital ownership), you may find helpful this article, "What is Money?", on the CESJ website (http://www.cesj.org/2017/08/what-is-money/). As Louis Kelso and CESJ point out, money fulfills many functions (including as a store and measure of value), but it is far more than "currency." If you understand that "money" is a system of enforceable promises, then you can understand how local banks and the central bank can create new, asset-backed money and interest-free credit for growing the economy in a non-inflationary way and creating an ever-broadening base of capital-owning citizens.
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| Author | JTW Broadcasting |
| Organization | JTW Broadcasting |
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