Howard Switzer
2 min readAug 28, 2022

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The monetaryalliance.org website is thorough plus an extensive bibleogrphy. Yes, Treasury would create debt-free sovereign money and Congress would spend it on the general welfare as its first use, into the productive economy. A new monetary authority would be established whose only task is to determine the amount of money that can be safely created without inflation/deflation. Actually governmnts historically have always been much more responsible with monetary policy than the banks. In fact those hyperinflation events that were blamed on the nation's government, the bankers scapegoat whom they control with money, it was the bankers who did it, not the governments. Banks know how to wage monetary war, Britain, the BoE, waged monetary warfare often, againt France, Africa and the US during the revolutin. To believe that the governments created hyperinflation is to believe that governments create the money, they do not. All they do is print the cash currency and sell it to the banks for their customers cash needs. MMT is opposed to real monetary reform, they say we can do it all without changing the system, which shows they don't understand the power relations. They in fact tried to remove monetary reform plank from the Green Party's platform, all their proposals failed the smell test and were defeated. If MMT wanted to do what we want to do they would be supporting the NEED Act, they don't, they act like it doesn't exist. MMT is the brainchild of Warren Mosler, ex banker/hedge fund manager who has spent millions promoting it. He is full of baloney and the economist who push it like there was a there there should be ashamed of themselves. But hey, they're being paid by a billionare so its okay. I think it is about dominating the narrative to keep the lid on monetary reform which has history. MMT does not. There is more to the story, better told another time. We should talk on the phone.

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Howard Switzer
Howard Switzer

Written by Howard Switzer

Howard Switzer is an ecological architect and monetary reformer in rural Tennessee.

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