Comments for The Center for Popular Economics http://www.populareconomics.org Economics for People, Not Profits Sat, 28 Jan 2012 20:18:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on Gerald Friedman Testifies to Massachusetts General Court About Healthcare by brenda winter http://www.populareconomics.org/2012/01/gerald-friedman-testifies-to-massachusetts-general-court-about-healthcare/#comment-3571 brenda winter Sat, 28 Jan 2012 20:18:51 +0000 http://www.populareconomics.org/?p=7400#comment-3571 Great article. Why can't people see the facts in this and go to the single payer system? Retired school administrator, LAUSD Great article. Why can’t people see the facts in this and go to the single payer system?

Retired school administrator, LAUSD

]]> Comment on Occupy Wall St: Abolish the Fed, Back to the Gold Standard? by Jascha http://www.populareconomics.org/2011/10/occupy-wall-st-abolish-the-fed-back-to-the-gold-standard/#comment-3083 Jascha Thu, 01 Dec 2011 17:36:27 +0000 http://www.populareconomics.org/?p=4635#comment-3083 There is no example in all of history of a fiat currency leading to prosperity. paper money ends up worthless every time. Anybody who encourages paper money is either an enemy or a fool. There is no example in all of history of a fiat currency leading to prosperity.

paper money ends up worthless every time.

Anybody who encourages paper money is either an enemy or a fool.

]]> Comment on What Is Economics for? Interview With Economist Jerry Epstein by Rosanne Licciardi http://www.populareconomics.org/2011/10/what-are-economics-for-interview-with-economist-jerry-epstein/#comment-2659 Rosanne Licciardi Sat, 12 Nov 2011 04:17:00 +0000 http://www.populareconomics.org/?p=3103#comment-2659 NOBODY should earn 5 million a year because NOBODY IS WORTH 5 MILLION A YEAR! NOBODY should earn 5 million a year because NOBODY IS WORTH 5 MILLION A YEAR!

]]> Comment on Occupy Wall St: Abolish the Fed, Back to the Gold Standard? by David Knuttunen http://www.populareconomics.org/2011/10/occupy-wall-st-abolish-the-fed-back-to-the-gold-standard/#comment-2554 David Knuttunen Sat, 05 Nov 2011 15:36:22 +0000 http://www.populareconomics.org/?p=4635#comment-2554 William Jennings Bryan is perhaps not the best quote to end on. Per Goodwyn's book on the Populist Movement, Bryan was more of a co-opter than a true Populist. His backing was in the Western mining interests, whose preferred solution to the "cross of gold" was to replace one bar of the cross with a bar of silver. The actual Populists had much more advanced ideas - generations ahead of their time. William Jennings Bryan is perhaps not the best quote to end on. Per Goodwyn’s book on the Populist Movement, Bryan was more of a co-opter than a true Populist. His backing was in the Western mining interests, whose preferred solution to the “cross of gold” was to replace one bar of the cross with a bar of silver. The actual Populists had much more advanced ideas – generations ahead of their time.

]]> Comment on Occupy Wall St: Abolish the Fed, Back to the Gold Standard? by Scott Baker http://www.populareconomics.org/2011/10/occupy-wall-st-abolish-the-fed-back-to-the-gold-standard/#comment-2549 Scott Baker Sat, 05 Nov 2011 08:31:02 +0000 http://www.populareconomics.org/?p=4635#comment-2549 Should have said "That is why FDR, and later Nixon..." Should have said “That is why FDR, and later Nixon…”

]]> Comment on Occupy Wall St: Abolish the Fed, Back to the Gold Standard? by Scott Baker http://www.populareconomics.org/2011/10/occupy-wall-st-abolish-the-fed-back-to-the-gold-standard/#comment-2548 Scott Baker Sat, 05 Nov 2011 08:05:33 +0000 http://www.populareconomics.org/?p=4635#comment-2548 Returning to a gold standard (which we never fully had in the first place), would cause massive deflation and a depression, as the supply of gold would never be enough to satisfy our growing need for money. That is why, and later, Nixon, took us off gold in the first place. Now, it is true that the Central Bank serves first (or maybe only) its member banks, but there are several solutions to that: 1. Greenbacking: following the constitution to "coin Money" Article 1, section 8, as first practiced by Lincoln to fight the Civil War. The original Greenbacks ($450 million) were issued when NYC banks wanted 24-36% interest. Congress can produce U.S. Notes again, at any time, for any reason, in any amount. Check out Kuncinich's HR2290 bill to do that, plus subsume the Fed into a department under Treasury etc. 2. Land Value Taxation: Tax the Value of Land, not the wages of people. Tax takings, not makings. This 132-year old idea would shift taxation to location and resource use/abuse, instead of wages, sales or true capital (all of which we want more of, so why tax it?). See the website above. Returning to a gold standard (which we never fully had in the first place), would cause massive deflation and a depression, as the supply of gold would never be enough to satisfy our growing need for money. That is why, and later, Nixon, took us off gold in the first place.
Now, it is true that the Central Bank serves first (or maybe only) its member banks, but there are several solutions to that:
1. Greenbacking: following the constitution to “coin Money” Article 1, section 8, as first practiced by Lincoln to fight the Civil War. The original Greenbacks ($450 million) were issued when NYC banks wanted 24-36% interest. Congress can produce U.S. Notes again, at any time, for any reason, in any amount. Check out Kuncinich’s HR2290 bill to do that, plus subsume the Fed into a department under Treasury etc.
2. Land Value Taxation: Tax the Value of Land, not the wages of people. Tax takings, not makings. This 132-year old idea would shift taxation to location and resource use/abuse, instead of wages, sales or true capital (all of which we want more of, so why tax it?). See the website above.

]]> Comment on Occupy Wall St: Abolish the Fed, Back to the Gold Standard? by Stevie Docimo http://www.populareconomics.org/2011/10/occupy-wall-st-abolish-the-fed-back-to-the-gold-standard/#comment-2541 Stevie Docimo Fri, 04 Nov 2011 16:48:01 +0000 http://www.populareconomics.org/?p=4635#comment-2541 Words can't explain my emotions when it comes to our country and where it might be headed. If our forefathers could of see past the declaration of independence til now do you think they would offended by the way the country they bleed cried and died for would turn out. How the power of a country eventually faded and the power of the almighty corporation rose up to be the real power behind all things. I'll admit I did recently sit down and read the Declaration of Independence again and it brings rage and frustration. In this time of wifi and 3/4/5gs everyone has a voice I find it amazing how people are hive minding a leaderless movement. I'll admit the idea of revolution is a youthful one but don't you think maybe its time to take a good solid look at our country and decide for ourselves "what the hell is going on?" I'm sorry for my horrible english skills but I doubt anyone will read this. Words can’t explain my emotions when it comes to our country and where it might be headed. If our forefathers could of see past the declaration of independence til now do you think they would offended by the way the country they bleed cried and died for would turn out. How the power of a country eventually faded and the power of the almighty corporation rose up to be the real power behind all things. I’ll admit I did recently sit down and read the Declaration of Independence again and it brings rage and frustration. In this time of wifi and 3/4/5gs everyone has a voice I find it amazing how people are hive minding a leaderless movement. I’ll admit the idea of revolution is a youthful one but don’t you think maybe its time to take a good solid look at our country and decide for ourselves “what the hell is going on?” I’m sorry for my horrible english skills but I doubt anyone will read this.

]]> Comment on CPE’rs in Occupation Action by Leticia Medina http://www.populareconomics.org/2011/10/cpers-in-occupation-action/#comment-2298 Leticia Medina Thu, 06 Oct 2011 19:24:24 +0000 http://www.populareconomics.org/?p=3088#comment-2298 A teach-in sounds like just the thing for us! A teach-in sounds like just the thing for us!

]]> Comment on Obama Comes Out Swinging by John J. Fitzgerald http://www.populareconomics.org/2011/09/obama-comes-out-swinging/#comment-1492 John J. Fitzgerald Sat, 10 Sep 2011 14:49:39 +0000 http://www.populareconomics.org/?p=2696#comment-1492 Good work, Jerry! Obama has made himself a one term President with his cowardly economics, treacherous ecology program, and stupid military policies in Iraq and Afghanistan. What do you think of Elizabeth Warren for US Senate? Regards, John Good work, Jerry!

Obama has made himself a one term President with his cowardly economics, treacherous ecology program, and stupid military policies in Iraq and Afghanistan.

What do you think of Elizabeth Warren for US Senate?

Regards,

John

]]> Comment on 2011 Popular Economics Summer Institute Information by New Co-opoly Testimonials: Equal Exchange Worker-Owner and Community Radio Host http://www.populareconomics.org/programs/2011-summer-institute/2011-summer-institute-information/#comment-1434 New Co-opoly Testimonials: Equal Exchange Worker-Owner and Community Radio Host Thu, 08 Sep 2011 19:05:42 +0000 http://www.populareconomics.org/?page_id=770#comment-1434 [...] Lin, a community radio host for WORT 89.9 in Madison, WI, who was able to play Co-opoly at the Center for Popular Economics Institute. Playing Co-opoly was fun and slightly ironic. The challenges co-ops face are pretty clearly felt [...] [...] Lin, a community radio host for WORT 89.9 in Madison, WI, who was able to play Co-opoly at the Center for Popular Economics Institute. Playing Co-opoly was fun and slightly ironic. The challenges co-ops face are pretty clearly felt [...]

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