--GwX8pwmUUaOkjLUZTk3h0hFIHjh8EyycX Content-Type: application/pgp-signature; name="signature.asc" Content-Description: OpenPGP digital signature Content-Disposition: attachment; filename="signature.asc" -----BEGIN PGP SIGNATURE----- iF0EARECAB0WIQRDs72lmf4xhzwb7IJDTiyrBIEX7gUCXo0AgwAKCRBDTiyrBIEX 7qcGAKCTOhulwOoQATaDOtOa3Nmrl0p1nwCeKZ+OzfBoKdGcWNPdVGaoPj8352Q= =uskX -----END PGP SIGNATURE----- --GwX8pwmUUaOkjLUZTk3h0hFIHjh8EyycX-- ========================================================================= Date: Wed, 8 Apr 2020 13:09:06 -0400 Reply-To: AFEEMAIL Discussion List <[log in to unmask]> Sender: AFEEMAIL Discussion List <[log in to unmask]> From: Tae-Hee Jo <[log in to unmask]> Subject: Call for Application: Frederic S. Lee Heterodox Economics Scholarship Comments: To: [log in to unmask], [log in to unmask], [log in to unmask] Comments: cc: "Olsen, Erik" <[log in to unmask]> Content-Type: multipart/alternative; boundary="000000000000fb89d105a2ca901f" MIME-Version: 1.0 Message-ID: <[log in to unmask]> --000000000000fb89d105a2ca901f Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: Quoted-printable The Frederic S. Lee Heterodox Economics Scholarship Fund is now accepting applications for the Fall 2020 semester. In order to be eligible,* students must be enrolled in a doctoral heterodox economics program in the United States and demonstrate financial need*. The fund will not provide scholarship aid for dissertation credit hours or for credit hours that are not directly relevant for the completion of the doctoral program=E2=80=99s course work. More information including the selection criteria and the on-line application can be found at https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.growyourgiving.o= rg_scholarships_frederic-2Ds-2Dlee-2Dheterodox-2Deconomics-2Dscholarshipfun= d&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdb= zw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DbtfEUM6qkG-_wMEEgDNl5kxl96sGvy-hJifzD= zbNvwo&s=3DJ9krJWsEXpJS0nRdH_SqS2UTGglmeaG4EDef9qxpBsY&e=3D=20 . The deadline for the Fall 2020 application is *May 15, 2020*. Please forward this call to eligible students. Best wishes, Tae-Hee Jo -------------------------- Tae-Hee Jo Associate Professor Economics and Finance Department SUNY Buffalo State 1300 Elmwood Avenue Buffalo, NY 14222 USA Tel: (716) 878-4514 Office: CLAS B203 Personal Homepage ResearchGate *Books: * Microeconomic Theory: A Heterodox Approach (2018) Now in Paperback (2019) The Routledge Handbook of Heterodox Economics (2018) Now in Paperback (2019) --000000000000fb89d105a2ca901f Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: Quoted-printable

The Frederic S. Lee Heterodox Economics Scholarship= Fund is now accepting applications for the Fall 2020 semester.=C2=A0


In order to be eligible, students must be enroll= ed in a doctoral heterodox economics program in the United States and demon= strate financial need. The fund will not provide scholarship aid for di= ssertation credit hours or for credit hours that are not directly relevant = for the completion of the doctoral program=E2=80=99s course work.=C2=A0


More information including the selection criteria a= nd the on-line application can be found at https://www= .growyourgiving.org/scholarships/frederic-s-lee-heterodox-economics-scholar= shipfund.


The deadline for the Fall 2020 application is Ma= y 15, 2020.=C2=A0


Please forward this call to eligible students.


Best wishes,=C2= =A0

Tae-Hee Jo
=
--------------------------
Tae-Hee Jo
= Associate Professor
Economics and Finance Department
SUNY Buffalo Sta= te
1300 Elmwood Avenue
Buffalo, NY 14222=C2=A0USA
Tel:=C2=A0 (716= ) 878-4514
Office: CLAS B203

Books:=C2=A0
Microeconomic Theory: A Heterodox Approach=C2=A0(2018) N= ow in Paperback (2019)
The Routledge Handbook of Heterodox Economics=C2= =A0(2018) Now in Paperback (2019)

=
--000000000000fb89d105a2ca901f-- ========================================================================= Date: Sun, 12 Apr 2020 00:56:50 +0000 Reply-To: AFEEMAIL Discussion List <[log in to unmask]> Sender: AFEEMAIL Discussion List <[log in to unmask]> From: "Wray, Randall" <[log in to unmask]> Subject: Lock-down reading Content-Type: multipart/alternative; boundary="_000_fd94eef7f17e45c8bcae2d9406e8922eumkcedu_" MIME-Version: 1.0 Message-ID: <[log in to unmask]> --_000_fd94eef7f17e45c8bcae2d9406e8922eumkcedu_ Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: Quoted-printable All of us probably need some good reads to cheer us up in what will be a lo= ng lock-down. This is going to go on for months, maybe years, longer than o= ur pundits are now claiming. So hunker down and take a look at these uplift= ing pieces. Here's one on the upside to the downsides: Prepare for the Ultimate Gasligh= ting* = by Julio Vincent Gambuto Message: fight the return to normalcy. This is our opportunity to reflect o= n our unsustainable pre-crisis path. A remarkable piece by Tom Frank: https://urldefense.proofpoint.com/v2/url?u= =3Dhttps-3A__harpers.org_archive_2020_04_how-2Dthe-2Danti-2Dpopulists-2Dsto= pped-2Dbernie-2Dsanders_-3Ffbclid-3DIwAR0-2D8Qu6vpr-2DQBytnw7r1o04e8j6Ck2gM= k72Zyu5JUNs9FFFF4d1SMhqCSs&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlk= LF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Da-TJCaR7D2zP= Av5KPMW3O_TsY6naO3B_WWNbjXhC7Yc&s=3DhaXsCK-eXCm7AxOBFbJBqdUyO_WUxVM6qvlA5kA= miaI&e=3D=20 You will recognize all the memes raised against Bernie over the past 4+ yea= rs. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more ye= ars of Trump. Sit down before you read this one; scariest one I've seen: https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.vox.com_2020_4_= 10_21215494_coronavirus-2Dplans-2Dsocial-2Ddistancing-2Deconomy-2Drecession= -2Ddepression-2Dunemployment&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWh= lkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Da-TJCaR7D2= zPAv5KPMW3O_TsY6naO3B_WWNbjXhC7Yc&s=3DyV_vbwmJRdFpXpOIcGeEVUccNEmHdTHXCx24N= ceYmiE&e=3D=20 https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__truthout.org_article= s_venture-2Dcapitalist-2Dstuns-2Dcnbc-2Dby-2Dsaying-2Dwe-2Dshould-2Dlet-2Dh= edge-2Dfunds-2Dfail_-3FeType-3DEmailBlastContent-26eId-3Df85f10a9-2Db749-2D= 4087-2Da67f-2D8c0c97db6ecf&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlk= LF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Da-TJCaR7D2zP= Av5KPMW3O_TsY6naO3B_WWNbjXhC7Yc&s=3Djmg3SL1fmTm3jwDiV_C4nQiBiL__SfThFnyWYZH= F_Qc&e=3D=20 maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail. Great interactive piece in the NYT on inequality: https://urldefense.proofp= oint.com/v2/url?u=3Dhttps-3A__www.nytimes.com_interactive_2020_04_10_opinio= n_coronavirus-2Dus-2Deconomy-2Dinequality.html-3Fcampaign-5Fid-3D9-26emc-3D= edit-5FNN-5Fp-5F20200410-26instance-5Fid-3D17527-26nl-3Dmorning-2Dbriefing-= 26regi-5Fid-3D77048444-26section-3DtopNews-26segment-5Fid-3D24620-26te-3D1-= 26user-5Fid-3D7280463403816570666b094c605ab240&d=3DDwIF-g&c=3DCu5g146wZdoqV= uKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57Vs= NLQ&m=3Da-TJCaR7D2zPAv5KPMW3O_TsY6naO3B_WWNbjXhC7Yc&s=3DuvY6tOe1onlXP0IsQSL= JKLO9KhxkU_0k6N7fxk2Xo1M&e=3D=20 MMT in the Guardian: https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__amp.theguardian.com_= commentisfree_2020_apr_09_the-2Dguardian-2Dview-2Don-2Dthe-2Dcovid-2D19-2Df= ight-2Dit-2Dcan-2Dbe-2Dpaid-2Dfor-3F-5F-5Ftwitter-5Fimpression-3Dtrue&d=3DD= wIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq= 9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Da-TJCaR7D2zPAv5KPMW3O_TsY6naO3B_WWNbjXhC7Yc&= s=3DNUff5zf-I8uWYnXDybA-M_-c9lYy56z6R5_pb4dx7Sk&e=3D=20 In Wash Post https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.washingtonpost.c= om_opinions_so-2Dlong-2Dbalanced-2Dbudgets-2Deveryones-2Dinto-2Dendless-2Ds= pending-2Dnow_2020_04_07_1e2d49f2-2D78f5-2D11ea-2D9bee-2Dc5bf9d2e3288-5Fsto= ry.html&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbu= jWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Da-TJCaR7D2zPAv5KPMW3O_TsY6naO3B= _WWNbjXhC7Yc&s=3DpRGwolqGsUXl6seO_r7aulUHANViHR7CPpaST4uP6JQ&e=3D=20 Could M= odern Monetary Theory rescue us from the Covid-19 economic crisis? Full News Link : https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www= .moneycontrol.com_news_business_markets_could-2Dmodern-2Dmonetary-2Dtheory-= 2Drescue-2Dus-2Dfrom-2Dthe-2Dcovid-2D19-2Deconomic-2Dcrisis-2D5061071.html_= amp&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNP= dbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Da-TJCaR7D2zPAv5KPMW3O_TsY6naO3B_WWN= bjXhC7Yc&s=3DTRlKCdfu28jFV88CGWytRs3wewv5GY1fmes53WJFur4&e=3D=20 Your chance for crowd funding of an MMT Documentary FINDING the MONEY Documentary Launch Dear Randall As you=92ve hopefully heard, we are producing a documentary about the most = important shift to hit politics and economics in decades: Modern Monetary T= heory. And we are excited to announce the launch of our crowd-funding campa= ign as a crucial next step to bring the film to life! Today we are launching the campaign, website, and social = media pages to share with the broad and diverse MMT community with= a goal of raising $15,000. All donations are tax deductible! Thanks to our= fiscal sponsor Filmmakers=92 Collaborative SF. As someone on the forefront of MMT, you know it is more relevant to the pol= itical debate now than ever, with the urgency to respond to coronavirus and= mitigate the economic consequences. But you also know what a complex story this is. Politicians will not be the= first ones to come out and explain to the public how government financing = and taxes actually work. The groundwork for this debate must be laid; that = is the work many of you are doing today, and that is the work of this docum= entary. This campaign is important to show the size of the audience that is already= following and engaged with the MMT story, to show the potential for what I= know is a film that will have broad appeal, a story that will affect our d= aily lives, affect daily political decisions, and affect the planet. Visit = and share our GoFundMe page! Although $15k is not the full budget for the film, it will bring an editor = on board with the goal of completing a short film/work sample to release in= September 2020. The film will then expand into a feature length form to gi= ve the full picture perspective of the story, get to know the characters in= volved, the conflict and drama with top tier economists, and explore fascin= ating examples from the past 5,000 years of the history of money. Please share our GoFundMe page, or reach out to your contacts indi= vidually. A $25, $50, or $100 tax-deductible donation will go a long way in= making this film a reality! And please follow us on social media below to continue to connect the ever-= growing MMT community. Don=92t hesitate to be in touch if you have any thoughts, suggestions, or a= dvice! I would love to hear from you! I look forward to continuing on this journey with you. Take care of each other, and all my best, Maren Poitras https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.findingmoneyfilm.= com&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNP= dbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Da-TJCaR7D2zPAv5KPMW3O_TsY6naO3B_WWN= bjXhC7Yc&s=3DZ6lwnr55OWWp13qp_U20t61gVOeBp3rIC1a4FXCEGTc&e=3D [log in to unmask] L. Randall Wray Senior Scholar, Levy Economics Institute Papers: https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.levyinsti= tute.org_publications_-3Fauth-3D287&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX= _rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Da-T= JCaR7D2zPAv5KPMW3O_TsY6naO3B_WWNbjXhC7Yc&s=3DTtheI1IEv-E10Wf8jA5H7-OmCRo5Zc= l8rHzgmuI2nS8&e=3D Professor of Economics, Bard College Emeritus Professor, University of Missouri-Kansas City Co-editor Journal of Post Keynesian Economics ISSN 0160-3477 (Print), 1557-7821 (Online) https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Da-TJCaR7D2zPAv5KPMW3O= _TsY6naO3B_WWNbjXhC7Yc&s=3DA77AeagfCJmoqu6P3jFhUU9oOHDsh-ZSNyB_rls0Vwk&e=3D= =20 https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Da-TJCaR7D2zPAv5KPMW3O= _TsY6naO3B_WWNbjXhC7Yc&s=3DA77AeagfCJmoqu6P3jFhUU9oOHDsh-ZSNyB_rls0Vwk&e=3D= =20 Recent Books: A Great Leap Forward: Heterodox Economic Policy for the 21st Century; Randa= ll Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22n= d January 2020; https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.= elsevier.com_books_a-2Dgreat-2Dleap-2Dforward_wray_978-2D0-2D12-2D819380-2D= 8&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdb= zw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Da-TJCaR7D2zPAv5KPMW3O_TsY6naO3B_WWNbj= XhC7Yc&s=3DO1uxnX9CfSyVQj8vh1NK8QJ1atPmGaHbtkQyM2BoxkQ&e=3D=20 Macroeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Watts;= Red Globe Press, Macmillan International; February 2019; https://urldefens= e.proofpoint.com/v2/url?u=3Dhttps-3A__www.macmillanihe.com_page_detail_Macr= oeconomics_-3FK-3D9781137610669&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6= kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Da-TJCaR= 7D2zPAv5KPMW3O_TsY6naO3B_WWNbjXhC7Yc&s=3D-OgcpOkAKUaJI7EY6h_1yNGuNpaVkMHBBh= C0H9ahWr0&e=3D . Why Minsky Matters: An Introduction to the work of a maverick economist, Pr= inceton University Presshttp://press.princeton.edu/titles/10575.html Modern Money Theory: a primer on macroeconomics for sovereign monetary syst= ems, Palgrave Macmillan https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3= A__www.palgrave.com_page_detail_modern-2Dmoney-2Dtheory-2Dl-2Drandall-2Dwra= y_-3Fisb-3D9781137539908&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF= 8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Da-TJCaR7D2zPAv= 5KPMW3O_TsY6naO3B_WWNbjXhC7Yc&s=3DUUx94gVtr7q48HBta_-s6Q2bTbaC726Sw0T8XLRdG= mY&e=3D=20 Please make note of my new email address as I will be transitioning all ema= il to: [log in to unmask] --_000_fd94eef7f17e45c8bcae2d9406e8922eumkcedu_ Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: Quoted-printable

All of us probably need some good reads to cheer us up in what will be a= long lock-down. This is going to go on for months, maybe years, longer tha= n our pundits are now claiming. So hunker down and take a look at these upl= ifting pieces.


Here's one on the upside to the downsides: Prepare for the Ultimate Gaslighting* by Julio = Vincent Gambuto

Message: fight the return to normalcy. This is= our opportunity to reflect on our unsustainable pre-crisis path.


A remarkable piece by Tom Frank: http= s://harpers.org/archive/2020/04/how-the-anti-populists-stopped-bernie-sande= rs/?fbclid=3DIwAR0-8Qu6vpr-QBytnw7r1o04e8j6Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs<= /a>

You will recognize all the memes raised against Bernie over the past 4&#= 43; years. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 = more years of Trump.


Sit down before you read this one; scariest one I've seen:

 https://www.vox.com/2020/4/10= /21215494/coronavirus-plans-social-distancing-economy-recession-depression-= unemployment


https://truthout.org/articles/venture= -capitalist-stuns-cnbc-by-saying-we-should-let-hedge-funds-fail/?= eType=3DEmailBlastContent&eId=3Df85f10a9-b749-4087-a67f-= 8c0c97db6ecf 

maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail.


FINDING the MONEY Documentary Launch


Dear Randall
 
As you=92ve hopefully heard, we are producing a documentary about the= most important shift to hit politics and economics in decades: Modern Mone= tary Theory. And we are excited to announce the launch of our crowd-funding campaign as a crucial next step to bring t= he film to life!
 
Today we are launching the webs= ite, and social media pages to share with the broad and diverse MMT communi= ty with a goal of raising $15,000. All donations are tax deductible! Thanks to our fiscal spo= nsor Filmmakers=92 Collaborative SF.
 
As someone on the forefront of MMT, you know it is more relevant to t= he political debate now than ever, with the urgency to respond to coronavir= us and mitigate the economic consequences.
 
But you also know what a complex story this is. Politicians will not = be the first ones to come out and explain to the public how government fina= ncing and taxes actually work. The groundwork for this debate must be laid; that is the work many of you are = doing today, and that is the work of this documentary.
 
This campaign is important to show the size of the audience that is a= lready following and engaged with the MMT story, to show the potential for = what I know is a film that will have broad appeal, a story that will affect our daily lives, affect daily polit= ical decisions, and affect the planet. Visit and share=  our GoFu= ndMe page!
 
Although $15k is not the full budget for the film, it will bring an e= ditor on board with the goal of completing a short film/work sample to rele= ase in September 2020. The film will then expand into a feature length form to give the full picture perspectiv= e of the story, get to know the characters involved, the conflict and drama= with top tier economists, and explore fascinating examples from the past 5= ,000 years of the history of money.
 
Please share our = GoFundMe page, or reach out to your contacts individually. A $25, $50, or $100 tax-deduct= ible donation will go a long way in making this film a reality!
 
And please follow us on social media below to continue to connect the= ever-growing MMT community.
Don=92t hesitate to be in touch if you have any thoughts, suggestions= , or advice! I would love to hear from you!
I look forward to continuing on this journey with you.
 
Take care of each other, and all my best,
 
Maren Poitras
www.findingmoneyfilm.com
findingmon= [log in to unmask]




L. Randall Wray
Senior Scholar, Levy Economics Instit= ute

Professor of Economics, Bard College

Emeritus Professor, University of = Missouri-Kansas City

Co-editor Journal of Post Keynesian Economics
ISSN 0160-3477 (Print), 1557-7821 (Online) www.tandfonline.com/toc/mpke20/current
http:/= /www.tandfonline.com/toc/mpke20/current

<= /a>

Recent Books:

A Great Leap Forward: Heterodox Economic Policy for = the 21st Century; Randall Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22nd = January 2020; https://ww= w.elsevier.com/books/a-great-leap-forward/wray/978-0-12-819380-8=

 

Macroeconomics; Autho= r(s): William Mitchell, L. Randall Wray, Martin Watts; Red Globe Press, Macmillan International; February 2019; https://www.macmillanihe.com/page/detail/Macroeconomics/?= K=3D9781137610669.

 

Why Minsky Matters: An Introduction to the work of a mav= erick economist, Princeton University Presshttp://press.princeton.edu/titles/10575.html

 

Modern Money Theory: a primer on macroeconomics for sover= eign monetary systems, Palgrave Macmillan http://www.palgrave.com/page/detail/modern-money-theory= -l-randall-wray/?isb=3D9781137539908 =

 



 
Please make note of my new email address as I will be= transitioning all email to:
--_000_fd94eef7f17e45c8bcae2d9406e8922eumkcedu_-- ========================================================================= Date: Sun, 12 Apr 2020 17:58:27 +0000 Reply-To: AFEEMAIL Discussion List <[log in to unmask]> Sender: AFEEMAIL Discussion List <[log in to unmask]> From: Glen Atkinson <[log in to unmask]> Subject: Re: Lock-down reading In-Reply-To: <[log in to unmask]> Content-Type: multipart/alternative; boundary="----=_Part_3028532_1342538302.1586714307249" MIME-Version: 1.0 Message-ID: <[log in to unmask]> ------=_Part_3028532_1342538302.1586714307249 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: Quoted-printable Thanks Randy.=C2=A0 I recommend reading the "The Omaha Platform -=C2=A0 Th= e Launching of the Populist Party"=C2=A0 that was adopted in 1892 They wanted to eliminate tariffs, which was a major source of funding of th= e the federal government, and create a progressive income tax.=C2=A0 The ot= her significant source of federal revenue was land sales.=C2=A0=C2=A0 The party wanted radical changes such as direct election of U.S. Senators a= nd secret ballots.=C2=A0 They stopped short of other radical policies such = as national health insurance, but they did want to eliminate private banks = and the Cross of Gold.=C2=A0 We have been assisted to forget all of this by= the folks who opposed these measures and identify populism with the likes = of Huey Long.=C2=A0 What if we had adopted some the important planks in the= Omaha Platform?=C2=A0 Would it have stolen some of the appeal of the likes= of Long?=C2=A0 We will never know, but it is worth considering.=C2=A0 The = situation facing mid-western grain farmers in the nineteenth century was qu= ite different from the truly impoverished southern farmers of the 1930s.=C2= =A0=C2=A0 The mid-western farmers were drawn into the mysterious price system system = created by the wider market that was enabled by transcontinental railroads.= =C2=A0 You will see some of their gripes against the consequences of the ra= ilroads in the platform.=C2=A0 Forty acres and a mule would not help them.= =C2=A0 SELF PROMOTION WARNING - See Atkinson and Paschall "Law and Economic= s from an Evolutionary Perspective 2016" , pp. 31-33 for a brief discussion= of this development.=C2=A0 =C2=A0 It might be worth reading John Steinbeck's novel, East of Eden along with G= rapes of Wrath to appreciate the differences in agricultural communities.= =C2=A0 Rosevile, CA became one the largest railroad yards in the nation bec= ause of the economic goal portrayed in East of Eden.=C2=A0 And it did becom= e the largest=C2=A0 ice facility in the nation.=C2=A0 Steinbeck's talent wa= s in connecting these major developments to people's lives.=C2=A0 We do rem= ember Tom Joad as iif he were a natural -not a corporation- person.=C2=A0= =C2=A0 At least let us agree on what we mean when we reference populism.=C2=A0 =C2= =A0 Glen =C2=A0=C2=A0 On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall <= [log in to unmask]> wrote:=20=20 =20 All of us probably need some good reads to cheer us up in what will be a lo= ng lock-down. This is going to go on for months, maybe years, longer than o= ur pundits are now claiming. So hunker down and take a look at these uplift= ing pieces. Here's one on the upside to the downsides:=C2=A0Prepare for the Ultimate Ga= slighting*=C2=A0by Julio Vincent Gambuto Message: fight the return to normalcy. This is our opportunity to reflect o= n our unsustainable pre-crisis path. A remarkable piece by Tom Frank:=C2=A0https://urldefense.proofpoint.com/v2/= url?u=3Dhttps-3A__harpers.org_archive_2020_04_how-2Dthe-2Danti-2Dpopulists-= 2Dstopped-2Dbernie-2Dsanders_-3Ffbclid-3DIwAR0-2D8Qu6vpr-2DQBytnw7r1o04e8j6= Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6= kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DQgFSY1l= 90SEyiTePlHSgCZ6RkLtDVDB-5CSmod12iMk&s=3DiP07AgwsdqmXZW7X-gsrcI2GGcMmBlu3aV= xI36gnzXI&e=3D=20 You will recognize all the memes raised against Bernie over the past 4+ yea= rs. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more ye= ars of Trump. Sit down before you read this=C2=A0one; scariest one I've seen: =C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.vox.com_20= 20_4_10_21215494_coronavirus-2Dplans-2Dsocial-2Ddistancing-2Deconomy-2Drece= ssion-2Ddepression-2Dunemployment&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_r= g6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DQgFSY= 1l90SEyiTePlHSgCZ6RkLtDVDB-5CSmod12iMk&s=3DOEGsvkpNCFFY6x4Vh3LyVX8T0uQZ1Dnf= pyyOkyntNaE&e=3D=20 https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__truthout.org_article= s_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPd= bzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DQgFSY1l90SEyiTePlHSgCZ6RkLtDVDB-5CSm= od12iMk&s=3D9wX57rlh_jU1oVVB15ofb5S8R_siyOxgSK9Q5WdRI9k&e=3D venture-capit= alist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?eType=3D Email= BlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf=C2=A0 maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail. Great interactive piece in the NYT on inequality:=C2=A0https://urldefense.p= roofpoint.com/v2/url?u=3Dhttps-3A__www.nytimes.com_&d=3DDwIFaQ&c=3DCu5g146w= ZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGE= y57VsNLQ&m=3DQgFSY1l90SEyiTePlHSgCZ6RkLtDVDB-5CSmod12iMk&s=3DyuEFwPqUQ49BI8= Xm_pCPfw64M_rTYWUd_AlGyqlFiK8&e=3D interactive/2020/04/10/ opinion/coronav= irus-us- economy-inequality.html? campaign_id=3D9&emc=3Dedit_NN_p_ 20200410= &instance_id=3D17527&nl=3D morning-briefing®i_id=3D 77048444§ion=3Dt= opNews& segment_id=3D24620&te=3D1&user_id=3D 7280463403816570666b094c605ab2= 40=C2=A0=C2=A0 MMT in the Guardian:=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttp= s-3A__amp.theguardian.com_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlk= LF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DQgFSY1l90SEy= iTePlHSgCZ6RkLtDVDB-5CSmod12iMk&s=3DAYVmvKxcAtaNqfS9p-At2fk1PUYgmDXBIPBUcYN= cHhM&e=3D commentisfree/2020/apr/09/the- guardian-view-on-the-covid-19- fi= ght-it-can-be-paid-for?__ twitter_impression=3Dtrue In Wash Posthttps://www.washingtonpost.com/opinions/so-long-balanced-budget= s-everyones-into-endless-spending-now/2020/04/07/1e2d49f2-78f5-11ea-9bee-c5= bf9d2e3288_story.html Could Modern Monetary Theory rescue us from the Covid-19 economic crisis? Full News Link :=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A= __www.moneycontrol.com_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8= Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DQgFSY1l90SEyiTe= PlHSgCZ6RkLtDVDB-5CSmod12iMk&s=3D2Obc-O8j5EUSSKUcoIH3Ah6w6vCv_Id4gWz_i6dh5a= I&e=3D news/business/markets/could- modern-monetary-theory-rescue- us-from= -the-covid-19-economic- crisis-5061071.html/amp Your chance for crowd funding of an MMT Documentary FINDING the MONEY Documentary Launch Dear Randall =C2=A0 As you=E2=80=99ve hopefully heard, we are producing a documentary about the= most important shift to hit politics and economics in decades: Modern Mone= tary Theory. And we are excited to announce the launch of our crowd-funding= campaign as a crucial next step to bring the film to life! =C2=A0 Today we are launching the=C2=A0campaign,=C2=A0website, and=C2=A0social med= ia=C2=A0pages to share with the broad and diverse MMT community with a goal= of raising $15,000.=C2=A0All donations are tax deductible!=C2=A0Thanks to = our fiscal sponsor Filmmakers=E2=80=99 Collaborative SF. =C2=A0 As someone on the forefront of MMT, you know it is more relevant to the pol= itical debate now than ever, with the urgency to respond to coronavirus and= mitigate the economic consequences. =C2=A0 But you also know what a complex story this is. Politicians will not be the= first ones to come out and explain to the public how government financing = and taxes actually work. The groundwork for this debate must be laid; that = is the work many of you are doing today, and that is the work of this docum= entary. =C2=A0 This campaign is important to show the size of the audience that is already= following and engaged with the MMT story, to show the potential for what I= know is a film that will have broad appeal, a story that will affect our d= aily lives, affect daily political decisions, and affect the planet. Visit = and=C2=A0share=C2=A0our=C2=A0GoFundMe=C2=A0page! =C2=A0 Although $15k is not the full budget for the film, it will bring an editor = on board with the goal of completing a short film/work sample to release in= September 2020. The film will then expand into a feature length form to gi= ve the full picture perspective of the story, get to know the characters in= volved, the conflict and drama with top tier economists, and explore fascin= ating examples from the past 5,000 years of the history of money. =C2=A0 Please=C2=A0share=C2=A0our=C2=A0GoFundMe=C2=A0page, or reach out to your co= ntacts individually. A $25, $50, or $100 tax-deductible donation will go a = long way in making this film a reality! =C2=A0 And please follow us on social media below to continue to connect the ever-= growing MMT community. Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestions= , or advice! I would love to hear from you! I look forward to continuing on this journey with you. =C2=A0 Take care of each other, and all my best, =C2=A0 Maren Poitras https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.findingmoneyfilm.= com&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNP= dbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DQgFSY1l90SEyiTePlHSgCZ6RkLtDVDB-5CS= mod12iMk&s=3DA0Nw5xHQvF2rzZWPmr_f4dzvdIVxkk4qPIROVQklzAM&e=3D=20 [log in to unmask] L. Randall WraySenior Scholar, Levy Economics InstitutePapers: https://urld= efense.proofpoint.com/v2/url?u=3Dhttp-3A__www.levyinstitute.org_publication= s_-3Fauth-3D287&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&= r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DQgFSY1l90SEyiTePlHSgCZ6= RkLtDVDB-5CSmod12iMk&s=3D_vHHYPCdo2pN-bg8h8OOeCReanQaDJGYK8KMORYxqeU&e=3D=20 Professor of Economics, Bard College Emeritus Professor, University of Missouri-Kansas City Co-editor Journal of Post Keynesian Economics ISSN 0160-3477 (Print), 1557-7821 (Online) https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DQgFSY1l90SEyiTePlHSgC= Z6RkLtDVDB-5CSmod12iMk&s=3DmhhAy5JFaCQRiC3UX-yyaEqKq9Qfu78KuV3IuUKQFnM&e=3D= =20 https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DQgFSY1l90SEyiTePlHSgC= Z6RkLtDVDB-5CSmod12iMk&s=3DmhhAy5JFaCQRiC3UX-yyaEqKq9Qfu78KuV3IuUKQFnM&e=3D= =20 Recent Books: A Great Leap Forward: Heterodox Economic Policy for the 21st Century; Randa= ll Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22n= d January 2020;=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A_= _www.elsevier.com_books_a-2Dgreat-2Dleap-2Dforward_wray_978-2D0-2D12-2D8193= 80-2D8&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbuj= WNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DQgFSY1l90SEyiTePlHSgCZ6RkLtDVDB-= 5CSmod12iMk&s=3D6UTagXX5ZvFUJFODwJtfUs1XFxzY8kFP9NLwVP8RWiQ&e=3D=20 =C2=A0 Macroeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Watts;= Red Globe Press, Macmillan International; February 2019;=C2=A0https://urld= efense.proofpoint.com/v2/url?u=3Dhttps-3A__www.macmillanihe.com_page_detail= _Macroeconomics_-3FK-3D9781137610669&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeF= X_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DQg= FSY1l90SEyiTePlHSgCZ6RkLtDVDB-5CSmod12iMk&s=3DnrK4QI_67UsoXDLe0RurlA4TIrHnE= qWayFAil1TJyD8&e=3D . =C2=A0 Why Minsky Matters: An Introduction to the work of a maverick economist,=C2= =A0Princeton University Presshttp://press.princeton.edu/titles/10575.html =C2=A0 Modern Money Theory: a primer on macroeconomics for sovereign=C2=A0monetary= systems, Palgrave Macmillan=C2=A0https://urldefense.proofpoint.com/v2/url?= u=3Dhttp-3A__www.palgrave.com_page_detail_modern-2Dmoney-2Dtheory-2Dl-2Dran= dall-2Dwray_-3Fisb-3D9781137539908&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_= rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DQgFS= Y1l90SEyiTePlHSgCZ6RkLtDVDB-5CSmod12iMk&s=3DxoqBnVv_kCHsPCg1xmIH0yYy--g11pL= qxDm1xh6dCRw&e=3D =C2=A0 =C2=A0 =C2=A0Please make note of my new email address as I will be transitioning a= ll email to:[log in to unmask] ------=_Part_3028532_1342538302.1586714307249 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable
= Thanks Randy.  I recommend reading the "The Omaha Platform -  The= Launching of the Populist Party"  that was adopted in 1892

They wanted to eliminate tariffs, which= was a major source of funding of the the federal government, and create a = progressive income tax.  The other significant source of federal reven= ue was land sales.  

The party wanted radical change= s such as direct election of U.S. Senators and secret ballots.  They s= topped short of other radical policies such as national health insurance, b= ut they did want to eliminate private banks and the Cross of Gold.  We= have been assisted to forget all of this by the folks who opposed these me= asures and identify populism with the likes of Huey Long.  What if we = had adopted some the important planks in the Omaha Platform?  Would it= have stolen some of the appeal of the likes of Long?  We will never k= now, but it is worth considering.  The situation facing mid-western gr= ain farmers in the nineteenth century was quite different from the truly im= poverished southern farmers of the 1930s.  

=
The mid-= western farmers were drawn into the mysterious price system system created = by the wider market that was enabled by transcontinental railroads.  Y= ou will see some of their gripes against the consequences of the railroads = in the platform.  Forty acres and a mule would not help them.  SE= LF PROMOTION WARNING - See Atkinson and Paschall "Law and Economics from an= Evolutionary Perspective 2016" , pp. 31-33 for a brief discussion of this = development.   

It might be worth reading John Steinbeck's novel, East of Ed= en along with Grapes of Wrath to appreciate the differences in agricultural= communities.  Rosevile, CA became one the largest railroad yards in t= he nation because of the economic goal portrayed in East of Eden.  And= it did become the largest  ice facility in the nation.  Steinbec= k's talent was in connecting these major developments to people's lives.&nb= sp; We do remember Tom Joad as iif he were a natural -not a corporation- pe= rson.  

At least let us agree on what we mean when w= e reference populism.   

Glen

<= div style=3D"" dir=3D"ltr" data-setdir=3D"false"> &nb= sp;
=20
=20
On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randa= ll <[log in to unmask]> wrote:


=20

All of us probably need some good reads to cheer us up in what will be a= long lock-down. This is going to go on for months, maybe years, longer tha= n our pundits are now claiming. So hunker down and take a look at these upl= ifting pieces.


Here's one on the upside to the downsides: Prepare for the Ultimate Gaslighting* by Julio Vince= nt Gambuto

Message: fight the return to normalcy. This is our = opportunity to reflect on our unsustainable pre-crisis path.


A remarkable piece by Tom Frank: https://harpers.org/archive/2020/04/how-the-anti= -populists-stopped-bernie-sanders/?fbclid=3DIwAR0-8Qu6vpr-QBytnw7r1o04e8j6C= k2gMk72Zyu5JUNs9FFFF4d1SMhqCSs

You will recognize all the memes raised against Bernie over the past 4+ = years. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more= years of Trump.


Sit down before you read this one; scariest one I've seen:

 https://www.vox.com/2020/4/10/21215494/coronavirus-plans-social-dist= ancing-economy-recession-depression-unemployment


https://truthout.org/articles/ venture-capitalis= t-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?eType=3D EmailBlas= tContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf 

maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail.


FINDING the MONEY Documentary Launch


Dear Randall
 
As you=E2=80=99ve hopefully heard, we are producing a documentary about th= e most important shift to hit politics and economics in decades: Modern Mon= etary Theory. And we are excited to announce the launch of our crowd-funding campaign as a crucial next step to bring t= he film to life!
 
Today we are launching the campaignwebsite, and social media pages to share with the broad and diverse MMT community wi= th a goal of raising $15,000. All donations are tax deductible! Thanks to our fiscal sponsor = Filmmakers=E2=80=99 Collaborative SF.
 
As someone on the forefront of MMT, you know it is more relevant to the po= litical debate now than ever, with the urgency to respond to coronavirus an= d mitigate the economic consequences.
 
But you also know what a complex story this is. Politicians will not be th= e first ones to come out and explain to the public how government financing= and taxes actually work. The groundwork for this debate must be laid; that is the work many of you are = doing today, and that is the work of this documentary.
 
This campaign is important to show the size of the audience that is alread= y following and engaged with the MMT story, to show the potential for what = I know is a film that will have broad appeal, a story that will affect our daily lives, affect daily polit= ical decisions, and affect the planet. Visit and share our GoFundMe page!
 
Although $15k is not the full budget for the film, it will bring an editor= on board with the goal of completing a short film/work sample to release i= n September 2020. The film will then expand into a feature length form to give the full picture perspectiv= e of the story, get to know the characters involved, the conflict and drama= with top tier economists, and explore fascinating examples from the past 5= ,000 years of the history of money.
 
Please share our GoFundMe&= nbsp;page, or reach out to your contacts individually. A $25, $50, or $100 tax-deduct= ible donation will go a long way in making this film a reality!
 
And please follow us on social media below to continue to connect the ever= -growing MMT community.
Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestion= s, or advice! I would love to hear from you!
I look forward to continuing on this journey with you.
 
Take care of each other, and all my best,
 
Maren Poitras
www.findingmoneyfilm.com
[log in to unmask]<= /a>




L. Randall Wray
Senior Scholar, Levy Economics Instit= ute

Professor of Economics, Bard College

= Emeritus Professor, University of Missouri-Kansas City

Co-editor Journal of Post Keynesian Economics
ISSN 0160-3477 (Print), 1557-7821 (Online) www.tandfonline.com/toc/mpke20/current
http://www.tandfonline.com/toc/mpke20/current<= /div>

Recent Books:

A = Great Leap Forward: Heterodox Economic Policy for the 21st Century; R= andall Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22nd = January 2020; https://www.elsevier.com/books/a-gre= at-leap-forward/wray/978-0-12-819380-8

 = ;

Ma= croeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Wa= tts; Red Globe Press, Macmillan International; February 2019; https://= www.macmillanihe.com/page/detail/Macroeconomics/?K=3D9781137610669.

&nbs= p;

W= hy Minsky Matters: An Introduction to the work of a maverick economist,&nbs= p;Princeton University Presshttp://press.princeton.edu/titles/10575.html

&nbs= p;

M= odern Money Theory: a primer on macroeconomics for sovereign monetary = systems, Palgrave Macmillan http://www.palgrave.co= m/page/detail/modern-money-theory-l-randall-wray/?isb=3D9781137539908 

 



 
Please make note of my new email address as I will be= transitioning all email to:
------=_Part_3028532_1342538302.1586714307249-- ========================================================================= Date: Sun, 12 Apr 2020 17:58:27 +0000 Reply-To: AFEEMAIL Discussion List <[log in to unmask]> Sender: AFEEMAIL Discussion List <[log in to unmask]> From: Glen Atkinson <[log in to unmask]> Subject: Re: Lock-down reading In-Reply-To: <[log in to unmask]> Content-Type: multipart/alternative; boundary="----=_Part_3028532_1342538302.1586714307249" MIME-Version: 1.0 Message-ID: <[log in to unmask]> ------=_Part_3028532_1342538302.1586714307249 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: Quoted-printable Thanks Randy.=C2=A0 I recommend reading the "The Omaha Platform -=C2=A0 Th= e Launching of the Populist Party"=C2=A0 that was adopted in 1892 They wanted to eliminate tariffs, which was a major source of funding of th= e the federal government, and create a progressive income tax.=C2=A0 The ot= her significant source of federal revenue was land sales.=C2=A0=C2=A0 The party wanted radical changes such as direct election of U.S. Senators a= nd secret ballots.=C2=A0 They stopped short of other radical policies such = as national health insurance, but they did want to eliminate private banks = and the Cross of Gold.=C2=A0 We have been assisted to forget all of this by= the folks who opposed these measures and identify populism with the likes = of Huey Long.=C2=A0 What if we had adopted some the important planks in the= Omaha Platform?=C2=A0 Would it have stolen some of the appeal of the likes= of Long?=C2=A0 We will never know, but it is worth considering.=C2=A0 The = situation facing mid-western grain farmers in the nineteenth century was qu= ite different from the truly impoverished southern farmers of the 1930s.=C2= =A0=C2=A0 The mid-western farmers were drawn into the mysterious price system system = created by the wider market that was enabled by transcontinental railroads.= =C2=A0 You will see some of their gripes against the consequences of the ra= ilroads in the platform.=C2=A0 Forty acres and a mule would not help them.= =C2=A0 SELF PROMOTION WARNING - See Atkinson and Paschall "Law and Economic= s from an Evolutionary Perspective 2016" , pp. 31-33 for a brief discussion= of this development.=C2=A0 =C2=A0 It might be worth reading John Steinbeck's novel, East of Eden along with G= rapes of Wrath to appreciate the differences in agricultural communities.= =C2=A0 Rosevile, CA became one the largest railroad yards in the nation bec= ause of the economic goal portrayed in East of Eden.=C2=A0 And it did becom= e the largest=C2=A0 ice facility in the nation.=C2=A0 Steinbeck's talent wa= s in connecting these major developments to people's lives.=C2=A0 We do rem= ember Tom Joad as iif he were a natural -not a corporation- person.=C2=A0= =C2=A0 At least let us agree on what we mean when we reference populism.=C2=A0 =C2= =A0 Glen =C2=A0=C2=A0 On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall <= [log in to unmask]> wrote:=20=20 =20 All of us probably need some good reads to cheer us up in what will be a lo= ng lock-down. This is going to go on for months, maybe years, longer than o= ur pundits are now claiming. So hunker down and take a look at these uplift= ing pieces. Here's one on the upside to the downsides:=C2=A0Prepare for the Ultimate Ga= slighting*=C2=A0by Julio Vincent Gambuto Message: fight the return to normalcy. This is our opportunity to reflect o= n our unsustainable pre-crisis path. A remarkable piece by Tom Frank:=C2=A0https://urldefense.proofpoint.com/v2/= url?u=3Dhttps-3A__harpers.org_archive_2020_04_how-2Dthe-2Danti-2Dpopulists-= 2Dstopped-2Dbernie-2Dsanders_-3Ffbclid-3DIwAR0-2D8Qu6vpr-2DQBytnw7r1o04e8j6= Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6= kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D1Sywd4M= w5vtePMLltLgZ73l_ETwoqnMQnQxg1eXEZ9M&s=3DtcluiM8cJYqE3FFSLLPe0ttZNfW50pE1fR= 0Crz-D434&e=3D=20 You will recognize all the memes raised against Bernie over the past 4+ yea= rs. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more ye= ars of Trump. Sit down before you read this=C2=A0one; scariest one I've seen: =C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.vox.com_20= 20_4_10_21215494_coronavirus-2Dplans-2Dsocial-2Ddistancing-2Deconomy-2Drece= ssion-2Ddepression-2Dunemployment&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_r= g6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D1Sywd= 4Mw5vtePMLltLgZ73l_ETwoqnMQnQxg1eXEZ9M&s=3D4VL5QFWav-iRl83ugSUXMNOM6-utwF5E= z-v0of8cqIo&e=3D=20 https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__truthout.org_article= s_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPd= bzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D1Sywd4Mw5vtePMLltLgZ73l_ETwoqnMQnQxg= 1eXEZ9M&s=3D6Yk7C8cefXJ6IwmD-rI80BVUNfAjqzmM726bhXGIl-c&e=3D venture-capit= alist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?eType=3D Email= BlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf=C2=A0 maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail. Great interactive piece in the NYT on inequality:=C2=A0https://urldefense.p= roofpoint.com/v2/url?u=3Dhttps-3A__www.nytimes.com_&d=3DDwIFaQ&c=3DCu5g146w= ZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGE= y57VsNLQ&m=3D1Sywd4Mw5vtePMLltLgZ73l_ETwoqnMQnQxg1eXEZ9M&s=3DcvLY4LMVdYTxaU= xKH2bDoCW6BvBEWPkw4QYqBEzm6Tc&e=3D interactive/2020/04/10/ opinion/coronav= irus-us- economy-inequality.html? campaign_id=3D9&emc=3Dedit_NN_p_ 20200410= &instance_id=3D17527&nl=3D morning-briefing®i_id=3D 77048444§ion=3Dt= opNews& segment_id=3D24620&te=3D1&user_id=3D 7280463403816570666b094c605ab2= 40=C2=A0=C2=A0 MMT in the Guardian:=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttp= s-3A__amp.theguardian.com_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlk= LF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D1Sywd4Mw5vte= PMLltLgZ73l_ETwoqnMQnQxg1eXEZ9M&s=3DvBNTpPRjZkDvQUrwcU6PrJHqMCJW9uSbw5Ka_jO= -q1c&e=3D commentisfree/2020/apr/09/the- guardian-view-on-the-covid-19- fi= ght-it-can-be-paid-for?__ twitter_impression=3Dtrue In Wash Posthttps://www.washingtonpost.com/opinions/so-long-balanced-budget= s-everyones-into-endless-spending-now/2020/04/07/1e2d49f2-78f5-11ea-9bee-c5= bf9d2e3288_story.html Could Modern Monetary Theory rescue us from the Covid-19 economic crisis? Full News Link :=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A= __www.moneycontrol.com_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8= Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D1Sywd4Mw5vtePML= ltLgZ73l_ETwoqnMQnQxg1eXEZ9M&s=3DKWkmUZvOq1vUi2YJHe8V1j_oJYAPlf05tJvdLA93HX= Y&e=3D news/business/markets/could- modern-monetary-theory-rescue- us-from= -the-covid-19-economic- crisis-5061071.html/amp Your chance for crowd funding of an MMT Documentary FINDING the MONEY Documentary Launch Dear Randall =C2=A0 As you=E2=80=99ve hopefully heard, we are producing a documentary about the= most important shift to hit politics and economics in decades: Modern Mone= tary Theory. And we are excited to announce the launch of our crowd-funding= campaign as a crucial next step to bring the film to life! =C2=A0 Today we are launching the=C2=A0campaign,=C2=A0website, and=C2=A0social med= ia=C2=A0pages to share with the broad and diverse MMT community with a goal= of raising $15,000.=C2=A0All donations are tax deductible!=C2=A0Thanks to = our fiscal sponsor Filmmakers=E2=80=99 Collaborative SF. =C2=A0 As someone on the forefront of MMT, you know it is more relevant to the pol= itical debate now than ever, with the urgency to respond to coronavirus and= mitigate the economic consequences. =C2=A0 But you also know what a complex story this is. Politicians will not be the= first ones to come out and explain to the public how government financing = and taxes actually work. The groundwork for this debate must be laid; that = is the work many of you are doing today, and that is the work of this docum= entary. =C2=A0 This campaign is important to show the size of the audience that is already= following and engaged with the MMT story, to show the potential for what I= know is a film that will have broad appeal, a story that will affect our d= aily lives, affect daily political decisions, and affect the planet. Visit = and=C2=A0share=C2=A0our=C2=A0GoFundMe=C2=A0page! =C2=A0 Although $15k is not the full budget for the film, it will bring an editor = on board with the goal of completing a short film/work sample to release in= September 2020. The film will then expand into a feature length form to gi= ve the full picture perspective of the story, get to know the characters in= volved, the conflict and drama with top tier economists, and explore fascin= ating examples from the past 5,000 years of the history of money. =C2=A0 Please=C2=A0share=C2=A0our=C2=A0GoFundMe=C2=A0page, or reach out to your co= ntacts individually. A $25, $50, or $100 tax-deductible donation will go a = long way in making this film a reality! =C2=A0 And please follow us on social media below to continue to connect the ever-= growing MMT community. Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestions= , or advice! I would love to hear from you! I look forward to continuing on this journey with you. =C2=A0 Take care of each other, and all my best, =C2=A0 Maren Poitras https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.findingmoneyfilm.= com&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNP= dbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D1Sywd4Mw5vtePMLltLgZ73l_ETwoqnMQnQx= g1eXEZ9M&s=3DaSL1wOX0S_rFR-7F8Vvqv3KU5-Xed0hVD3u3rI696No&e=3D=20 [log in to unmask] L. Randall WraySenior Scholar, Levy Economics InstitutePapers: https://urld= efense.proofpoint.com/v2/url?u=3Dhttp-3A__www.levyinstitute.org_publication= s_-3Fauth-3D287&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&= r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D1Sywd4Mw5vtePMLltLgZ73l= _ETwoqnMQnQxg1eXEZ9M&s=3D56-yWfCB1bfVXJvz5lNlkDCXxUJgtC8EgmaNdB7JQV4&e=3D=20 Professor of Economics, Bard College Emeritus Professor, University of Missouri-Kansas City Co-editor Journal of Post Keynesian Economics ISSN 0160-3477 (Print), 1557-7821 (Online) https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D1Sywd4Mw5vtePMLltLgZ7= 3l_ETwoqnMQnQxg1eXEZ9M&s=3D4ZiYLQClmBUTimrmz2Qj8HQ1pdOwCMEp_9Z_exRuQ-A&e=3D= =20 https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D1Sywd4Mw5vtePMLltLgZ7= 3l_ETwoqnMQnQxg1eXEZ9M&s=3D4ZiYLQClmBUTimrmz2Qj8HQ1pdOwCMEp_9Z_exRuQ-A&e=3D= =20 Recent Books: A Great Leap Forward: Heterodox Economic Policy for the 21st Century; Randa= ll Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22n= d January 2020;=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A_= _www.elsevier.com_books_a-2Dgreat-2Dleap-2Dforward_wray_978-2D0-2D12-2D8193= 80-2D8&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbuj= WNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D1Sywd4Mw5vtePMLltLgZ73l_ETwoqnMQ= nQxg1eXEZ9M&s=3DrmHaaw4dAyDOSafKkp_hZKbutlh1FbXSRihq2TNv9no&e=3D=20 =C2=A0 Macroeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Watts;= Red Globe Press, Macmillan International; February 2019;=C2=A0https://urld= efense.proofpoint.com/v2/url?u=3Dhttps-3A__www.macmillanihe.com_page_detail= _Macroeconomics_-3FK-3D9781137610669&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeF= X_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D1S= ywd4Mw5vtePMLltLgZ73l_ETwoqnMQnQxg1eXEZ9M&s=3DHzmB9TUHbRqF4eXkooKlqj05bHUMX= mBjelH53h4C3vI&e=3D . =C2=A0 Why Minsky Matters: An Introduction to the work of a maverick economist,=C2= =A0Princeton University Presshttp://press.princeton.edu/titles/10575.html =C2=A0 Modern Money Theory: a primer on macroeconomics for sovereign=C2=A0monetary= systems, Palgrave Macmillan=C2=A0https://urldefense.proofpoint.com/v2/url?= u=3Dhttp-3A__www.palgrave.com_page_detail_modern-2Dmoney-2Dtheory-2Dl-2Dran= dall-2Dwray_-3Fisb-3D9781137539908&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_= rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D1Syw= d4Mw5vtePMLltLgZ73l_ETwoqnMQnQxg1eXEZ9M&s=3DbepkXfFS__YuV9YYzTm-plNXYCuPf5e= gQMHhTd3OGKI&e=3D =C2=A0 =C2=A0 =C2=A0Please make note of my new email address as I will be transitioning a= ll email to:[log in to unmask] ------=_Part_3028532_1342538302.1586714307249 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable
= Thanks Randy.  I recommend reading the "The Omaha Platform -  The= Launching of the Populist Party"  that was adopted in 1892

They wanted to eliminate tariffs, which= was a major source of funding of the the federal government, and create a = progressive income tax.  The other significant source of federal reven= ue was land sales.  

The party wanted radical change= s such as direct election of U.S. Senators and secret ballots.  They s= topped short of other radical policies such as national health insurance, b= ut they did want to eliminate private banks and the Cross of Gold.  We= have been assisted to forget all of this by the folks who opposed these me= asures and identify populism with the likes of Huey Long.  What if we = had adopted some the important planks in the Omaha Platform?  Would it= have stolen some of the appeal of the likes of Long?  We will never k= now, but it is worth considering.  The situation facing mid-western gr= ain farmers in the nineteenth century was quite different from the truly im= poverished southern farmers of the 1930s.  

=
The mid-= western farmers were drawn into the mysterious price system system created = by the wider market that was enabled by transcontinental railroads.  Y= ou will see some of their gripes against the consequences of the railroads = in the platform.  Forty acres and a mule would not help them.  SE= LF PROMOTION WARNING - See Atkinson and Paschall "Law and Economics from an= Evolutionary Perspective 2016" , pp. 31-33 for a brief discussion of this = development.   

It might be worth reading John Steinbeck's novel, East of Ed= en along with Grapes of Wrath to appreciate the differences in agricultural= communities.  Rosevile, CA became one the largest railroad yards in t= he nation because of the economic goal portrayed in East of Eden.  And= it did become the largest  ice facility in the nation.  Steinbec= k's talent was in connecting these major developments to people's lives.&nb= sp; We do remember Tom Joad as iif he were a natural -not a corporation- pe= rson.  

At least let us agree on what we mean when w= e reference populism.   

Glen

<= div style=3D"" dir=3D"ltr" data-setdir=3D"false"> &nb= sp;
=20
=20
On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randa= ll <[log in to unmask]> wrote:


=20

All of us probably need some good reads to cheer us up in what will be a= long lock-down. This is going to go on for months, maybe years, longer tha= n our pundits are now claiming. So hunker down and take a look at these upl= ifting pieces.


Here's one on the upside to the downsides: Prepare for the Ultimate Gaslighting* by Julio Vince= nt Gambuto

Message: fight the return to normalcy. This is our = opportunity to reflect on our unsustainable pre-crisis path.


A remarkable piece by Tom Frank: https://harpers.org/archive/2020/04/how-the-anti= -populists-stopped-bernie-sanders/?fbclid=3DIwAR0-8Qu6vpr-QBytnw7r1o04e8j6C= k2gMk72Zyu5JUNs9FFFF4d1SMhqCSs

You will recognize all the memes raised against Bernie over the past 4+ = years. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more= years of Trump.


Sit down before you read this one; scariest one I've seen:

 https://www.vox.com/2020/4/10/21215494/coronavirus-plans-social-dist= ancing-economy-recession-depression-unemployment


https://truthout.org/articles/ venture-capitalis= t-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?eType=3D EmailBlas= tContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf 

maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail.


FINDING the MONEY Documentary Launch


Dear Randall
 
As you=E2=80=99ve hopefully heard, we are producing a documentary about th= e most important shift to hit politics and economics in decades: Modern Mon= etary Theory. And we are excited to announce the launch of our crowd-funding campaign as a crucial next step to bring t= he film to life!
 
Today we are launching the campaignwebsite, and social media pages to share with the broad and diverse MMT community wi= th a goal of raising $15,000. All donations are tax deductible! Thanks to our fiscal sponsor = Filmmakers=E2=80=99 Collaborative SF.
 
As someone on the forefront of MMT, you know it is more relevant to the po= litical debate now than ever, with the urgency to respond to coronavirus an= d mitigate the economic consequences.
 
But you also know what a complex story this is. Politicians will not be th= e first ones to come out and explain to the public how government financing= and taxes actually work. The groundwork for this debate must be laid; that is the work many of you are = doing today, and that is the work of this documentary.
 
This campaign is important to show the size of the audience that is alread= y following and engaged with the MMT story, to show the potential for what = I know is a film that will have broad appeal, a story that will affect our daily lives, affect daily polit= ical decisions, and affect the planet. Visit and share our GoFundMe page!
 
Although $15k is not the full budget for the film, it will bring an editor= on board with the goal of completing a short film/work sample to release i= n September 2020. The film will then expand into a feature length form to give the full picture perspectiv= e of the story, get to know the characters involved, the conflict and drama= with top tier economists, and explore fascinating examples from the past 5= ,000 years of the history of money.
 
Please share our GoFundMe&= nbsp;page, or reach out to your contacts individually. A $25, $50, or $100 tax-deduct= ible donation will go a long way in making this film a reality!
 
And please follow us on social media below to continue to connect the ever= -growing MMT community.
Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestion= s, or advice! I would love to hear from you!
I look forward to continuing on this journey with you.
 
Take care of each other, and all my best,
 
Maren Poitras
www.findingmoneyfilm.com
[log in to unmask]<= /a>




L. Randall Wray
Senior Scholar, Levy Economics Instit= ute

Professor of Economics, Bard College

= Emeritus Professor, University of Missouri-Kansas City

Co-editor Journal of Post Keynesian Economics
ISSN 0160-3477 (Print), 1557-7821 (Online) www.tandfonline.com/toc/mpke20/current
http://www.tandfonline.com/toc/mpke20/current<= /div>

Recent Books:

A = Great Leap Forward: Heterodox Economic Policy for the 21st Century; R= andall Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22nd = January 2020; https://www.elsevier.com/books/a-gre= at-leap-forward/wray/978-0-12-819380-8

 = ;

Ma= croeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Wa= tts; Red Globe Press, Macmillan International; February 2019; https://= www.macmillanihe.com/page/detail/Macroeconomics/?K=3D9781137610669.

&nbs= p;

W= hy Minsky Matters: An Introduction to the work of a maverick economist,&nbs= p;Princeton University Presshttp://press.princeton.edu/titles/10575.html

&nbs= p;

M= odern Money Theory: a primer on macroeconomics for sovereign monetary = systems, Palgrave Macmillan http://www.palgrave.co= m/page/detail/modern-money-theory-l-randall-wray/?isb=3D9781137539908 

 



 
Please make note of my new email address as I will be= transitioning all email to:
------=_Part_3028532_1342538302.1586714307249-- ========================================================================= Date: Mon, 13 Apr 2020 19:12:56 +0000 Reply-To: AFEEMAIL Discussion List <[log in to unmask]> Sender: AFEEMAIL Discussion List <[log in to unmask]> From: Glen Atkinson <[log in to unmask]> Subject: Re: Lock-down reading In-Reply-To: <[log in to unmask]> Content-Type: multipart/alternative; boundary="----=_Part_3321010_375284152.1586805176594" MIME-Version: 1.0 Message-ID: <[log in to unmask]> ------=_Part_3321010_375284152.1586805176594 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: Quoted-printable =20 On Sunday, April 12, 2020, 11:25:51 AM PDT, Glen Atkinson wrote:=20=20 =20 Thanks Randy.=C2=A0 I recommend reading the "The Omaha Platform -=C2=A0 T= he Launching of the Populist Party"=C2=A0 that was adopted in 1892 They wanted to eliminate tariffs, which was a major source of funding of th= e the federal government, and create a progressive income tax.=C2=A0 The ot= her significant source of federal revenue was land sales.=C2=A0=C2=A0 The party wanted radical changes such as direct election of U.S. Senators a= nd secret ballots.=C2=A0 They stopped short of other radical policies such = as national health insurance, but they did want to eliminate private banks = and the Cross of Gold.=C2=A0 We have been assisted to forget all of this by= the folks who opposed these measures and identify populism with the likes = of Huey Long.=C2=A0 What if we had adopted some the important planks in the= Omaha Platform?=C2=A0 Would it have stolen some of the appeal of the likes= of Long?=C2=A0 We will never know, but it is worth considering.=C2=A0 The = situation facing mid-western grain farmers in the nineteenth century was qu= ite different from the truly impoverished southern farmers of the 1930s.=C2= =A0=C2=A0 The mid-western farmers were drawn into the mysterious price system system = created by the wider market that was enabled by transcontinental railroads.= =C2=A0 You will see some of their gripes against the consequences of the ra= ilroads in the platform.=C2=A0 Forty acres and a mule would not help them.= =C2=A0 SELF PROMOTION WARNING - See Atkinson and Paschall "Law and Economic= s from an Evolutionary Perspective 2016" , pp. 31-33 for a brief discussion= of this development.=C2=A0 =C2=A0 It might be worth reading John Steinbeck's novel, East of Eden along with G= rapes of Wrath to appreciate the differences in agricultural communities.= =C2=A0 Rosevile, CA became one the largest railroad yards in the nation bec= ause of the economic goal portrayed in East of Eden.=C2=A0 And it did becom= e the largest=C2=A0 ice facility in the nation.=C2=A0 Steinbeck's talent wa= s in connecting these major developments to people's lives.=C2=A0 We do rem= ember Tom Joad as iif he were a natural -not a corporation- person.=C2=A0= =C2=A0 At least let us agree on what we mean when we reference populism.=C2=A0 =C2= =A0 Glen =C2=A0=C2=A0 On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall <= [log in to unmask]> wrote:=20=20 =20 #yiv0748265066 -- P {margin-top:0;margin-bottom:0;}#yiv0748265066=20 All of us probably need some good reads to cheer us up in what will be a lo= ng lock-down. This is going to go on for months, maybe years, longer than o= ur pundits are now claiming. So hunker down and take a look at these uplift= ing pieces. Here's one on the upside to the downsides:=C2=A0Prepare for the Ultimate Ga= slighting*=C2=A0by Julio Vincent Gambuto Message: fight the return to normalcy. This is our opportunity to reflect o= n our unsustainable pre-crisis path. A remarkable piece by Tom Frank:=C2=A0https://urldefense.proofpoint.com/v2/= url?u=3Dhttps-3A__harpers.org_archive_2020_04_how-2Dthe-2Danti-2Dpopulists-= 2Dstopped-2Dbernie-2Dsanders_-3Ffbclid-3DIwAR0-2D8Qu6vpr-2DQBytnw7r1o04e8j6= Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6= kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DmqxgTyp= lKcQLkCsi6531yJorGp6YosF5o63Lmk4-vOU&s=3DGLwVy7s0hv_SyfK0PJe2qQtKNCSL1Gki6C= hISv-d4HE&e=3D=20 You will recognize all the memes raised against Bernie over the past 4+ yea= rs. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more ye= ars of Trump. Sit down before you read this=C2=A0one; scariest one I've seen: =C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.vox.com_20= 20_4_10_21215494_coronavirus-2Dplans-2Dsocial-2Ddistancing-2Deconomy-2Drece= ssion-2Ddepression-2Dunemployment&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_r= g6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DmqxgT= yplKcQLkCsi6531yJorGp6YosF5o63Lmk4-vOU&s=3D5tnpH3aGbs0TGX1rq-WB47knlYiJkMWW= udzpKfb2qj0&e=3D=20 https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__truthout.org_article= s_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPd= bzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DmqxgTyplKcQLkCsi6531yJorGp6YosF5o63L= mk4-vOU&s=3DGMUZl6kxnqB9V_o1qs1aq_5hWqndX-RJPrV8Xi_Zu8Q&e=3D venture-capit= alist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?eType=3D Email= BlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf=C2=A0 maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail. Great interactive piece in the NYT on inequality:=C2=A0https://urldefense.p= roofpoint.com/v2/url?u=3Dhttps-3A__www.nytimes.com_&d=3DDwIFaQ&c=3DCu5g146w= ZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGE= y57VsNLQ&m=3DmqxgTyplKcQLkCsi6531yJorGp6YosF5o63Lmk4-vOU&s=3DvJzOkZl1P-ZRAj= alno8sGUCGu8R4NFKA_0b2WHJWIfg&e=3D interactive/2020/04/10/ opinion/coronav= irus-us- economy-inequality.html? campaign_id=3D9&emc=3Dedit_NN_p_ 20200410= &instance_id=3D17527&nl=3D morning-briefing®i_id=3D 77048444§ion=3Dt= opNews& segment_id=3D24620&te=3D1&user_id=3D 7280463403816570666b094c605ab2= 40=C2=A0=C2=A0 MMT in the Guardian:=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttp= s-3A__amp.theguardian.com_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlk= LF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DmqxgTyplKcQL= kCsi6531yJorGp6YosF5o63Lmk4-vOU&s=3DBxlsoXLSB7pp4lUulp1aLVBB4MdBvXn7Y-RhDPP= eSWI&e=3D commentisfree/2020/apr/09/the- guardian-view-on-the-covid-19- fi= ght-it-can-be-paid-for?__ twitter_impression=3Dtrue In Wash Posthttps://www.washingtonpost.com/opinions/so-long-balanced-budget= s-everyones-into-endless-spending-now/2020/04/07/1e2d49f2-78f5-11ea-9bee-c5= bf9d2e3288_story.html Could Modern Monetary Theory rescue us from the Covid-19 economic crisis? Full News Link :=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A= __www.moneycontrol.com_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8= Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DmqxgTyplKcQLkCs= i6531yJorGp6YosF5o63Lmk4-vOU&s=3DKnW3avKzHT01MFYfWkKxcPQP-oE21A3hzjrt7GCi0T= c&e=3D news/business/markets/could- modern-monetary-theory-rescue- us-from= -the-covid-19-economic- crisis-5061071.html/amp Your chance for crowd funding of an MMT Documentary FINDING the MONEY Documentary Launch Dear Randall =C2=A0 As you=E2=80=99ve hopefully heard, we are producing a documentary about the= most important shift to hit politics and economics in decades: Modern Mone= tary Theory. And we are excited to announce the launch of our crowd-funding= campaign as a crucial next step to bring the film to life! =C2=A0 Today we are launching the=C2=A0campaign,=C2=A0website, and=C2=A0social med= ia=C2=A0pages to share with the broad and diverse MMT community with a goal= of raising $15,000.=C2=A0All donations are tax deductible!=C2=A0Thanks to = our fiscal sponsor Filmmakers=E2=80=99 Collaborative SF. =C2=A0 As someone on the forefront of MMT, you know it is more relevant to the pol= itical debate now than ever, with the urgency to respond to coronavirus and= mitigate the economic consequences. =C2=A0 But you also know what a complex story this is. Politicians will not be the= first ones to come out and explain to the public how government financing = and taxes actually work. The groundwork for this debate must be laid; that = is the work many of you are doing today, and that is the work of this docum= entary. =C2=A0 This campaign is important to show the size of the audience that is already= following and engaged with the MMT story, to show the potential for what I= know is a film that will have broad appeal, a story that will affect our d= aily lives, affect daily political decisions, and affect the planet. Visit = and=C2=A0share=C2=A0our=C2=A0GoFundMe=C2=A0page! =C2=A0 Although $15k is not the full budget for the film, it will bring an editor = on board with the goal of completing a short film/work sample to release in= September 2020. The film will then expand into a feature length form to gi= ve the full picture perspective of the story, get to know the characters in= volved, the conflict and drama with top tier economists, and explore fascin= ating examples from the past 5,000 years of the history of money. =C2=A0 Please=C2=A0share=C2=A0our=C2=A0GoFundMe=C2=A0page, or reach out to your co= ntacts individually. A $25, $50, or $100 tax-deductible donation will go a = long way in making this film a reality! =C2=A0 And please follow us on social media below to continue to connect the ever-= growing MMT community. Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestions= , or advice! I would love to hear from you! I look forward to continuing on this journey with you. =C2=A0 Take care of each other, and all my best, =C2=A0 Maren Poitras https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.findingmoneyfilm.= com&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNP= dbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DmqxgTyplKcQLkCsi6531yJorGp6YosF5o63= Lmk4-vOU&s=3D85a88cYzO4V-cLk9yDwf9ScuwPHO56mgdF6jtaqfL64&e=3D=20 [log in to unmask] L. Randall WraySenior Scholar, Levy Economics InstitutePapers: https://urld= efense.proofpoint.com/v2/url?u=3Dhttp-3A__www.levyinstitute.org_publication= s_-3Fauth-3D287&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&= r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DmqxgTyplKcQLkCsi6531yJo= rGp6YosF5o63Lmk4-vOU&s=3DWzlpXkP--tD7RAo24f6iFj1pcNCNDDlhMlGjhKI2_Po&e=3D=20 Professor of Economics, Bard College Emeritus Professor, University of Missouri-Kansas City Co-editor Journal of Post Keynesian Economics ISSN 0160-3477 (Print), 1557-7821 (Online) https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DmqxgTyplKcQLkCsi6531y= JorGp6YosF5o63Lmk4-vOU&s=3DZuy38ZlX-ZM2CzNtUcPZ0qq5MTtCYN03KZ65KdrLAE8&e=3D= =20 https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DmqxgTyplKcQLkCsi6531y= JorGp6YosF5o63Lmk4-vOU&s=3DZuy38ZlX-ZM2CzNtUcPZ0qq5MTtCYN03KZ65KdrLAE8&e=3D= =20 Recent Books: A Great Leap Forward: Heterodox Economic Policy for the 21st Century; Randa= ll Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22n= d January 2020;=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A_= _www.elsevier.com_books_a-2Dgreat-2Dleap-2Dforward_wray_978-2D0-2D12-2D8193= 80-2D8&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbuj= WNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DmqxgTyplKcQLkCsi6531yJorGp6YosF5= o63Lmk4-vOU&s=3DR3tf7QrxXmyHQDkxtQxQluaXyDpa17uuyz7tlTQ8Vwg&e=3D=20 =C2=A0 Macroeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Watts;= Red Globe Press, Macmillan International; February 2019;=C2=A0https://urld= efense.proofpoint.com/v2/url?u=3Dhttps-3A__www.macmillanihe.com_page_detail= _Macroeconomics_-3FK-3D9781137610669&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeF= X_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Dmq= xgTyplKcQLkCsi6531yJorGp6YosF5o63Lmk4-vOU&s=3D5iT5soW5G0zpGw2mbUlAx93OHc38z= m2QYqy8tc8pel0&e=3D . =C2=A0 Why Minsky Matters: An Introduction to the work of a maverick economist,=C2= =A0Princeton University Presshttp://press.princeton.edu/titles/10575.html =C2=A0 Modern Money Theory: a primer on macroeconomics for sovereign=C2=A0monetary= systems, Palgrave Macmillan=C2=A0https://urldefense.proofpoint.com/v2/url?= u=3Dhttp-3A__www.palgrave.com_page_detail_modern-2Dmoney-2Dtheory-2Dl-2Dran= dall-2Dwray_-3Fisb-3D9781137539908&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_= rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Dmqxg= TyplKcQLkCsi6531yJorGp6YosF5o63Lmk4-vOU&s=3DK_2RNO8NXmgSzt6kNXQcfDMDVyleI6J= O_cjUBneiXtQ&e=3D =C2=A0 =C2=A0 =C2=A0Please make note of my new email address as I will be transitioning a= ll email to:[log in to unmask] ------=_Part_3321010_375284152.1586805176594 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable


=20
=20
On Sunday, April 12, 2020, 11:25:51 AM PDT, Glen Atkins= on <[log in to unmask]> wrote:


Thanks Randy.  I = recommend reading the "The Omaha Platform -  The Launching of the Popu= list Party"  that was adopted in 1892

They wanted to eliminate tariffs, which was a major source of fundin= g of the the federal government, and create a progressive income tax. = The other significant source of federal revenue was land sales.  = ;

The party want= ed radical changes such as direct election of U.S. Senators and secret ball= ots.  They stopped short of other radical policies such as national he= alth insurance, but they did want to eliminate private banks and the Cross = of Gold.  We have been assisted to forget all of this by the folks who= opposed these measures and identify populism with the likes of Huey Long.&= nbsp; What if we had adopted some the important planks in the Omaha Platfor= m?  Would it have stolen some of the appeal of the likes of Long? = ; We will never know, but it is worth considering.  The situation faci= ng mid-western grain farmers in the nineteenth century was quite different = from the truly impoverished southern farmers of the 1930s.  

The mid-western farm= ers were drawn into the mysterious price system system created by the wider= market that was enabled by transcontinental railroads.  You will see = some of their gripes against the consequences of the railroads in the platf= orm.  Forty acres and a mule would not help them.  SELF PROMOTION= WARNING - See Atkinson and Paschall "Law and Economics from an Evolutionar= y Perspective 2016" , pp. 31-33 for a brief discussion of this development.=    

It might be worth reading = John Steinbeck's novel, East of Eden along with Grapes of Wrath to apprecia= te the differences in agricultural communities.  Rosevile, CA became o= ne the largest railroad yards in the nation because of the economic goal po= rtrayed in East of Eden.  And it did become the largest  ice faci= lity in the nation.  Steinbeck's talent was in connecting these major = developments to people's lives.  We do remember Tom Joad as iif he wer= e a natural -not a corporation- person.  

At least let us agree on what we mean = when we reference populism.   

Glen

  
=20
=20
On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randa= ll <[log in to unmask]> wrote:


=20

All of us probably need some good reads to cheer us up in what will be a= long lock-down. This is going to go on for months, maybe years, longer tha= n our pundits are now claiming. So hunker down and take a look at these upl= ifting pieces.


Here's one on the upside to the downsides: Prepare for the Ultimate Gaslighting* by Julio Vince= nt Gambuto

Message: fight the return to normalcy. This is our = opportunity to reflect on our unsustainable pre-crisis path.


A remarkable piece by Tom Frank: https://harpers.org/archive/2020/= 04/how-the-anti-populists-stopped-bernie-sanders/?fbclid=3DIwAR0-8Qu6vpr-QB= ytnw7r1o04e8j6Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs

You will recognize all the memes raised against Bernie over the past 4+ = years. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more= years of Trump.


Sit down before you read this one; scariest one I've seen:

 https://www.vox.com/2020/4/10/21215494/coronavirus-pl= ans-social-distancing-economy-recession-depression-unemployment


https://truthout.org/articles/ vent= ure-capitalist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?eType= =3D EmailBlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf<= span style=3D"color:rgb(34, 34, 34);font-family:Arial, Helvetica, sans-seri= f;font-size:small;"> 

maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail.


FINDING the MONEY Documentary Launch


Dear Randall
 
As you=E2=80=99ve hopefully heard, we are producing a documentary about th= e most important shift to hit politics and economics in decades: Modern Mon= etary Theory. And we are excited to announce the launch of our crowd-funding campaign as a crucial next step to bring t= he film to life!
 
Today we are launching the campaign, <= /span>website, and social media pages to share with the broad and diverse MMT community wi= th a goal of raising $15,000. All donations are tax deductible! Thanks to our fiscal sponsor = Filmmakers=E2=80=99 Collaborative SF.
 
As someone on the forefront of MMT, you know it is more relevant to the po= litical debate now than ever, with the urgency to respond to coronavirus an= d mitigate the economic consequences.
 
But you also know what a complex story this is. Politicians will not be th= e first ones to come out and explain to the public how government financing= and taxes actually work. The groundwork for this debate must be laid; that is the work many of you are = doing today, and that is the work of this documentary.
 
This campaign is important to show the size of the audience that is alread= y following and engaged with the MMT story, to show the potential for what = I know is a film that will have broad appeal, a story that will affect our daily lives, affect daily polit= ical decisions, and affect the planet. Visit and share our GoFundMe page!  
Although $15k is not the full budget for the film, it will bring an editor= on board with the goal of completing a short film/work sample to release i= n September 2020. The film will then expand into a feature length form to give the full picture perspectiv= e of the story, get to know the characters involved, the conflict and drama= with top tier economists, and explore fascinating examples from the past 5= ,000 years of the history of money.
 
Please share our GoFundMe page, or reach out to your contacts individually. A $25, $50, or $100 tax-deduct= ible donation will go a long way in making this film a reality!
 
And please follow us on social media below to continue to connect the ever= -growing MMT community.
Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestion= s, or advice! I would love to hear from you!
I look forward to continuing on this journey with you.
 
Take care of each other, and all my best,
 
Maren Poitras
www.findingmoneyfilm.com
findingmoney= [log in to unmask]




L. Randall Wray
Senior Scholar, Levy Economics Instit= ute

Professor of Economics, Bard College

Emeritus Professor, University of Missouri-Kansas City

Co-editor Journal of Post Keynesian Economics
ISSN 0160-3477 (Print), 1557-7821 (Online) www.tandfonline.com/toc/mpke20/current
http://www.tandfonline.com/toc/mpke2= 0/current

Recent Books:

A = Great Leap Forward: Heterodox Economic Policy for the 21st Century; R= andall Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22nd = January 2020; https://www.elsevier= .com/books/a-great-leap-forward/wray/978-0-12-819380-8

 = ;

Ma= croeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Wa= tts; Red Globe Press, Macmillan International; February 2019; https://www.macmillanihe.com/page/detail/Macroeconomics/?K=3D9781137= 610669.

&nbs= p;

W= hy Minsky Matters: An Introduction to the work of a maverick economist,&nbs= p;Princeton University Presshttp://press.princeton.edu/titles/10575.html<= /a>

&nbs= p;

M= odern Money Theory: a primer on macroeconomics for sovereign monetary = systems, Palgrave Macmillan http://ww= w.palgrave.com/page/detail/modern-money-theory-l-randall-wray/?isb=3D978113= 7539908 

 



 
Please make note of my new email address as I will be= transitioning all email to:
------=_Part_3321010_375284152.1586805176594-- ========================================================================= Date: Mon, 13 Apr 2020 19:14:49 +0000 Reply-To: AFEEMAIL Discussion List <[log in to unmask]> Sender: AFEEMAIL Discussion List <[log in to unmask]> From: Marc Batko <[log in to unmask]> Subject: Re: EAEPE online conference (Sep 2-4 2020), Research Area Complexity Economics In-Reply-To: <[log in to unmask]> MIME-Version: 1.0 Content-Type: multipart/mixed; boundary="----=_Part_5065189_885897638.1586805289260" Message-ID: <[log in to unmask]> ------=_Part_5065189_885897638.1586805289260 Content-Type: multipart/alternative; boundary="----=_Part_5065186_1864581292.1586805289187" ------=_Part_5065186_1864581292.1586805289187 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: quoted-printable The old gives way to the new as the snow gives way to the spring (Rainer R= ilke) As an adjustment to the coronavirus, I hope we can become digital. Academi= a.edu with 23 million papers could be the people's publisher. DeepL helps w= ith 10 languages including German, French, Spanish, Dutch, Portuguese, Russ= ian, Polish, Chinese and Japanese. As a German translator, I can accomplish= more in one hour than in 3 to 4 weeks and more in 17 hours than in a whole= year. I hope we can discuss the 3-day or 4-day work week. Reducing working hours= is a socio-economic investment bringing better long-term health and more t= ime sovereignty. Reducing working hours lets nature breath again and insure= s meaningful work for the coming generation. On Tuesday, April 7, 2020, 4:24:08 PM PDT, Torsten Heinrich [log in to unmask]> wrote: =20 =20 Dear all, You may have heard of the Annual Conference of the European Association for Evolutionary Political Economy (EAEPE). Like many other events this year, our conference (September 2-4 2020) will take the form of an online conference because of the ongoing Covid-19 pandemic. This includes the sessions of EAEPE's Research Area [Q] Complexity Economics, that I coordinate together with Magda Fontana. However, one advantage of the online conference is that geographic constraint will be much less important and contributors from around the globe can attend without having to travel to Europe. We would like to take this opportunity to encourage submissions. As detailed in the attached call for extended abstracts, we will place the focus this year on the economic aspects and effects of the Covid-19 pandemic. The submission deadline is April 30th. Submissions should be made via the online submission system at https://eaepe.org/?page=3Devents&side=3Dannual_conference&sub=3Dabstract_su= bmission Best, Torsten --=20 Torsten Heinrich, PhD Oxford Martin Fellow at the Oxford Martin Programme for Technological and Economic Change Oxford Martin School, University of Oxford Associate Fellow at the Institute for New Economic Thinking (INET) University of Oxford Privatdozent at the Institute for Economic Research and Policy (IERP) University of Bremen [log in to unmask] [log in to unmask] http://www.torsten-heinrich.com https://www.oxfordmartin.ox.ac.uk/people/dr-torsten-heinrich/ https://www.inet.ox.ac.uk/people/torsten-heinrich/ https://twitter.com/TorstenHeinriX PGP Key ID: 048117EE Fingerprint: 43B3 BDA5 99FE 3187 3C1B=C2=A0 EC82 434E 2CAB 0481 17EE =20 ------=_Part_5065186_1864581292.1586805289187 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable
The old gives way to th= e new as the snow gives way to the spring (Rainer Rilke)
As an adjustme= nt to the coronavirus, I hope we can become digital. Academia.edu with 23 million papers could be the people's publisher. DeepL helps=20 with 10 languages including German, French, Spanish, Dutch, Portuguese,=20 Russian, Polish, Chinese and Japanese. As a German translator, I can=20 accomplish more in one hour than in 3 to 4 weeks and more in 17 hours=20 than in a whole year.
I hope we can discuss the 3-day or 4-day work week. Reducing working hours is a=20 socio-economic investment bringing better long-term health and more time sovereignty. Reducing working hours lets nature breath again and=20 insures meaningful work for the coming generation.


=20
=20
On Tuesday, April 7, 2020, 4:24:08 PM PDT, Torsten Hein= rich <[log in to unmask]> wrote:


Dear all,
<= br>
You may have heard of the Annual Conference of th= e European Association
for Evolutionary Political= Economy (EAEPE). Like many other events this
yea= r, our conference (September 2-4 2020) will take the form of an
online conference because of the ongoing Covid-19 pandemic. = This
includes the sessions of EAEPE's Research Ar= ea [Q] Complexity Economics,
that I coordinate to= gether with Magda Fontana.

However, one advantage of the online conference is that geographic
=
constraint will be much less important and contribut= ors from around the
globe can attend without havi= ng to travel to Europe. We would like to
take thi= s opportunity to encourage submissions.

As detailed in the attached call for extended abstracts, = we will place
the focus this year on the economic= aspects and effects of the Covid-19
pandemic.

The submission deadline = is April 30th. Submissions should be made via
the= online submission system at
<= br>
Best,
Torsten
=


-- <= br>
Torsten Heinrich, PhD
O= xford Martin Fellow at the Oxford Martin Programme for Technological
and Economic Change
Oxford Ma= rtin School, University of Oxford

Associate Fellow at the Institute for New Economic Thinking (IN= ET)
University of Oxford

Privatdozent at the Institute for Economic Res= earch and Policy (IERP)
University of Bremen
<= /div>

[log in to unmask]" href=3D"mailto:torsten.heinrich@oxfordma= rtin.ox.ac.uk">[log in to unmask]
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to unmask]> Content-Type: multipart/alternative; boundary="_000_9cf095c39ad24da78fbbadd624f42ef3umkcedu_" MIME-Version: 1.0 Message-ID: <[log in to unmask]> --_000_9cf095c39ad24da78fbbadd624f42ef3umkcedu_ Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: Quoted-printable Glen raises a most important issue. Just when/how did "populism" change fro= m a progressive term to one associated with all the things we AFEEers deplo= re? Huey Long may be a step in this development, but my recollection places= the change in a very recent period. When I started to see it used signific= antly, maybe 20-25 years ago, I thought that it was a misplaced reference t= o the real populists of the late 1800's. But, no..... So, why this term use= d to describe white nationalists, anti-immigrant, religious fanatics, etc.?= Someone has had to have written to this specifically. John P.S. AS much as I hate to admit, I did purchase Atkinson and Paschall Law a= nd Economics...., and actually read significant portions of the thing. For = those who haven't dipped their toes in these waters, I'd recommend they do = so. John F. Henry Levy Economics Institute of Bard College Email: [log in to unmask] ________________________________ From: AFEEMAIL Discussion List <[log in to unmask]> on behalf of Gle= n Atkinson <[log in to unmask]> Sent: Sunday, April 12, 2020 12:58:27 PM To: [log in to unmask] Subject: Re: Lock-down reading Thanks Randy. I recommend reading the "The Omaha Platform - The Launching= of the Populist Party" that was adopted in 1892 They wanted to eliminate tariffs, which was a major source of funding of th= e the federal government, and create a progressive income tax. The other s= ignificant source of federal revenue was land sales. The party wanted radical changes such as direct election of U.S. Senators a= nd secret ballots. They stopped short of other radical policies such as na= tional health insurance, but they did want to eliminate private banks and t= he Cross of Gold. We have been assisted to forget all of this by the folks= who opposed these measures and identify populism with the likes of Huey Lo= ng. What if we had adopted some the important planks in the Omaha Platform= ? Would it have stolen some of the appeal of the likes of Long? We will n= ever know, but it is worth considering. The situation facing mid-western g= rain farmers in the nineteenth century was quite different from the truly i= mpoverished southern farmers of the 1930s. The mid-western farmers were drawn into the mysterious price system system = created by the wider market that was enabled by transcontinental railroads.= You will see some of their gripes against the consequences of the railroa= ds in the platform. Forty acres and a mule would not help them. SELF PROM= OTION WARNING - See Atkinson and Paschall "Law and Economics from an Evolut= ionary Perspective 2016" , pp. 31-33 for a brief discussion of this develop= ment. It might be worth reading John Steinbeck's novel, East of Eden along with G= rapes of Wrath to appreciate the differences in agricultural communities. = Rosevile, CA became one the largest railroad yards in the nation because of= the economic goal portrayed in East of Eden. And it did become the larges= t ice facility in the nation. Steinbeck's talent was in connecting these = major developments to people's lives. We do remember Tom Joad as iif he we= re a natural -not a corporation- person. At least let us agree on what we mean when we reference populism. Glen On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall <[log in to unmask]> = wrote: All of us probably need some good reads to cheer us up in what will be a lo= ng lock-down. This is going to go on for months, maybe years, longer than o= ur pundits are now claiming. So hunker down and take a look at these uplift= ing pieces. Here's one on the upside to the downsides: Prepare for the Ultimate Gasligh= ting* b= y Julio Vincent Gambuto Message: fight the return to normalcy. This is our opportunity to reflect o= n our unsustainable pre-crisis path. A remarkable piece by Tom Frank: https://urldefense.proofpoint.com/v2/url?u= =3Dhttps-3A__harpers.org_archive_2020_04_how-2Dthe-2Danti-2Dpopulists-2Dsto= pped-2Dbernie-2Dsanders_-3Ffbclid-3DIwAR0-2D8Qu6vpr-2DQBytnw7r1o04e8j6Ck2gM= k72Zyu5JUNs9FFFF4d1SMhqCSs&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlk= LF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DHg7yUAKV3jD7= p-ek4xoOJ0em0VeG8ghdF3HVE2XdWgQ&s=3DXaU_oFt0uyxOMSPFvChJoz5rmZm8lq6bS4Sx1ka= FPVQ&e=3D You will recognize all the memes raised against Bernie over the past 4+ yea= rs. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more ye= ars of Trump. Sit down before you read this one; scariest one I've seen: https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.vox.com_2020_4_= 10_21215494_coronavirus-2Dplans-2Dsocial-2Ddistancing-2Deconomy-2Drecession= -2Ddepression-2Dunemployment&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWh= lkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DHg7yUAKV3j= D7p-ek4xoOJ0em0VeG8ghdF3HVE2XdWgQ&s=3DxJaHc6Op-vQdg8nfPsEF7tgn4Q2V_iGqlhC7B= hOy1QU&e=3D https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__truthout.org_article= s_&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPd= bzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DHg7yUAKV3jD7p-ek4xoOJ0em0VeG8ghdF3HV= E2XdWgQ&s=3D2gRQQwvcD7i1TTFPCewDbH6PWqyvITCjzuUTq8TrIcA&e=3D venture-capit= alist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?eType=3D Email= BlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail. Great interactive piece in the NYT on inequality: https://urldefense.proofp= oint.com/v2/url?u=3Dhttps-3A__www.nytimes.com_&d=3DDwIF-g&c=3DCu5g146wZdoqV= uKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57Vs= NLQ&m=3DHg7yUAKV3jD7p-ek4xoOJ0em0VeG8ghdF3HVE2XdWgQ&s=3DJikA2P3fmOfZbOUUoLy= iti46Zv5bYt_1QTN8WE6keZU&e=3D interactive/2020/04/10/ opinion/coronavirus-= us- economy-inequality.html? campaign_id=3D9&emc=3Dedit_NN_p_ 20200410&inst= ance_id=3D17527&nl=3D morning-briefing®i_id=3D 77048444§ion=3DtopNew= s& segment_id=3D24620&te=3D1&user_id=3D 7280463403816570666b094c605ab2 40 MMT in the Guardian: https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__amp.theguardian.com_= &d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbz= w6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DHg7yUAKV3jD7p-ek4xoOJ0em0VeG8ghdF3HVE2= XdWgQ&s=3D5Wm7H6ja15m3-4Ts1YbB64vBXvuQSD3K3CnuRlMbZgw&e=3D commentisfree/2= 020/apr/09/the- guardian-view-on-the-covid-19- fight-it-can-be-paid-for?__ = twitter_impression=3Dtrue In Wash Post https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.washingtonpost.c= om_opinions_so-2Dlong-2Dbalanced-2Dbudgets-2Deveryones-2Dinto-2Dendless-2Ds= pending-2Dnow_2020_04_07_1e2d49f2-2D78f5-2D11ea-2D9bee-2Dc5bf9d2e3288-5Fsto= ry.html&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbu= jWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DHg7yUAKV3jD7p-ek4xoOJ0em0VeG8gh= dF3HVE2XdWgQ&s=3DIIBDsrTB7OAwYvFfSs0mw8TFt8xRsI_AfoI9tw1dqpA&e=3D Could Mo= dern Monetary Theory rescue us from the Covid-19 economic crisis? Full News Link : https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www= .moneycontrol.com_&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-w= wo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DHg7yUAKV3jD7p-ek4xoO= J0em0VeG8ghdF3HVE2XdWgQ&s=3D4PsgmB4apugca5n661fkEBhjMM0hYHgoJvFy585WwXY&e= =3D news/business/markets/could- modern-monetary-theory-rescue- us-from-th= e-covid-19-economic- crisis-5061071.html/amp Your chance for crowd funding of an MMT Documentary FINDING the MONEY Documentary Launch Dear Randall As you=92ve hopefully heard, we are producing a documentary about the most = important shift to hit politics and economics in decades: Modern Monetary T= heory. And we are excited to announce the launch of our crowd-funding campa= ign as a crucial next step to bring the film to life! Today we are launching the campaign, website, and social me= dia pages to share with the broad and diverse MMT community with a = goal of raising $15,000. All donations are tax deductible! Thanks to our fi= scal sponsor Filmmakers=92 Collaborative SF. As someone on the forefront of MMT, you know it is more relevant to the pol= itical debate now than ever, with the urgency to respond to coronavirus and= mitigate the economic consequences. But you also know what a complex story this is. Politicians will not be the= first ones to come out and explain to the public how government financing = and taxes actually work. The groundwork for this debate must be laid; that = is the work many of you are doing today, and that is the work of this docum= entary. This campaign is important to show the size of the audience that is already= following and engaged with the MMT story, to show the potential for what I= know is a film that will have broad appeal, a story that will affect our d= aily lives, affect daily political decisions, and affect the planet. Visit = and share our GoFundMe page! Although $15k is not the full budget for the film, it will bring an editor = on board with the goal of completing a short film/work sample to release in= September 2020. The film will then expand into a feature length form to gi= ve the full picture perspective of the story, get to know the characters in= volved, the conflict and drama with top tier economists, and explore fascin= ating examples from the past 5,000 years of the history of money. Please share our GoFundMe page, or reach out to your contacts indiv= idually. A $25, $50, or $100 tax-deductible donation will go a long way in = making this film a reality! And please follow us on social media below to continue to connect the ever-= growing MMT community. Don=92t hesitate to be in touch if you have any thoughts, suggestions, or a= dvice! I would love to hear from you! I look forward to continuing on this journey with you. Take care of each other, and all my best, Maren Poitras https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.findingmoneyfilm.= com&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNP= dbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DHg7yUAKV3jD7p-ek4xoOJ0em0VeG8ghdF3H= VE2XdWgQ&s=3D82FkkR4NUUNpql150u4hh5-GhEvEaWwua2bKFT0WhXw&e=3D [log in to unmask] L. Randall Wray Senior Scholar, Levy Economics Institute Papers: https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.levyinsti= tute.org_publications_-3Fauth-3D287&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX= _rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DHg7= yUAKV3jD7p-ek4xoOJ0em0VeG8ghdF3HVE2XdWgQ&s=3DC1oRAOrcDB_AMoLAS7dloeg3KxEwGg= V9Fw4HHNJChfg&e=3D Professor of Economics, Bard College Emeritus Professor, University of Missouri-Kansas City Co-editor Journal of Post Keynesian Economics ISSN 0160-3477 (Print), 1557-7821 (Online) https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DHg7yUAKV3jD7p-ek4xoOJ= 0em0VeG8ghdF3HVE2XdWgQ&s=3DRZp-zZP9OUV6cdRyIZpuzrNYcUlFUJOjU_o1IFyTyFQ&e=3D= =20 https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DHg7yUAKV3jD7p-ek4xoOJ= 0em0VeG8ghdF3HVE2XdWgQ&s=3DRZp-zZP9OUV6cdRyIZpuzrNYcUlFUJOjU_o1IFyTyFQ&e=3D= Recent Books: A Great Leap Forward: Heterodox Economic Policy for the 21st Century; Randa= ll Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22n= d January 2020; https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.= elsevier.com_books_a-2Dgreat-2Dleap-2Dforward_wray_978-2D0-2D12-2D819380-2D= 8&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdb= zw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DHg7yUAKV3jD7p-ek4xoOJ0em0VeG8ghdF3HVE= 2XdWgQ&s=3D23eqXs8I_ECFZZDQ2MymlAbf-3eJpFJokzDZN8mmtrQ&e=3D Macroeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Watts;= Red Globe Press, Macmillan International; February 2019; https://urldefens= e.proofpoint.com/v2/url?u=3Dhttps-3A__www.macmillanihe.com_page_detail_Macr= oeconomics_-3FK-3D9781137610669&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6= kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DHg7yUAK= V3jD7p-ek4xoOJ0em0VeG8ghdF3HVE2XdWgQ&s=3DYYx7EM6LfKkKteG3xjN6dxoZS8CcTHKhUh= 7OQl4PTAM&e=3D . Why Minsky Matters: An Introduction to the work of a maverick economist, Pr= inceton University Presshttp://press.princeton.edu/titles/10575.html Modern Money Theory: a primer on macroeconomics for sovereign monetary syst= ems, Palgrave Macmillan https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3= A__www.palgrave.com_page_detail_modern-2Dmoney-2Dtheory-2Dl-2Drandall-2Dwra= y_-3Fisb-3D9781137539908&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF= 8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DHg7yUAKV3jD7p-= ek4xoOJ0em0VeG8ghdF3HVE2XdWgQ&s=3D2nZQBNHxrGs5y7BXYrR2pNpnWLMngES9ihyPso3Jv= ns&e=3D Please make note of my new email address as I will be transitioning all ema= il to: [log in to unmask] --_000_9cf095c39ad24da78fbbadd624f42ef3umkcedu_ Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable

Glen raises a most important issue. Just when/how did "populism&quo= t; change from a progressive term to one associated with all the things we = AFEEers deplore? Huey Long may be a step in this development, but my recoll= ection places the change in a very recent period. When I started to see it used significantly, maybe 20-25 years ago= , I thought that it was a misplaced reference to the real populists of the = late 1800's. But, no..... So, why this term used to describe white nationalists, anti-immigrant, relig= ious fanatics, etc.? Someone has had to have written to this specifically.&= nbsp;


John


P.S. AS much as I hate to admit, I did purchase Atkinson and Paschall&nb= sp;Law and Economics...., and actually read significant portions of the thing. For th= ose who haven't dipped their toes in these waters, I'd recommend they do so= . 


John F. Henry
Levy Economics Inst= itute of Bard College

 

From: AFEEMAIL Discussion L= ist <[log in to unmask]> on behalf of Glen Atkinson <glenat= [log in to unmask]>
Sent: Sunday, April 12, 2020 12:58:27 PM
To: [log in to unmask]
Subject: Re: Lock-down reading
 
Thanks R= andy.  I recommend reading the "The Omaha Platform -  The La= unching of the Populist Party"  that was adopted in 1892

They wan= ted to eliminate tariffs, which was a major source of funding of the the fe= deral government, and create a progressive income tax.  The other sign= ificant source of federal revenue was land sales.  

The part= y wanted radical changes such as direct election of U.S. Senators and secre= t ballots.  They stopped short of other radical policies such as natio= nal health insurance, but they did want to eliminate private banks and the Cross of Gold.  We have been assisted to forget= all of this by the folks who opposed these measures and identify populism = with the likes of Huey Long.  What if we had adopted some the importan= t planks in the Omaha Platform?  Would it have stolen some of the appeal of the likes of Long?  We will never k= now, but it is worth considering.  The situation facing mid-western gr= ain farmers in the nineteenth century was quite different from the truly im= poverished southern farmers of the 1930s.  

The mid-= western farmers were drawn into the mysterious price system system created = by the wider market that was enabled by transcontinental railroads.  Y= ou will see some of their gripes against the consequences of the railroads in the platform.  Forty acres and a mul= e would not help them.  SELF PROMOTION WARNING - See Atkinson and Pasc= hall "Law and Economics from an Evolutionary Perspective 2016" , = pp. 31-33 for a brief discussion of this development.   

It might= be worth reading John Steinbeck's novel, East of Eden along with Grapes of= Wrath to appreciate the differences in agricultural communities.  Ros= evile, CA became one the largest railroad yards in the nation because of the economic goal portrayed in East of Eden. = ; And it did become the largest  ice facility in the nation.  Ste= inbeck's talent was in connecting these major developments to people's live= s.  We do remember Tom Joad as iif he were a natural -not a corporation- person.  

At least= let us agree on what we mean when we reference populism.   

Glen

 &n= bsp;
On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall <wrayr@um= kc.edu> wrote:


All of us probably need some good reads to cheer us up in what will be a= long lock-down. This is going to go on for months, maybe years, longer tha= n our pundits are now claiming. So hunker down and take a look at these upl= ifting pieces.


Here's one on the upside to the downsides: Prepare for the Ultimate Gaslighting* by Julio Vince= nt Gambuto

Message: fight the return to normalcy. This is our = opportunity to reflect on our unsustainable pre-crisis path.


A remarkable piece by Tom Frank: https://harpers.org/archive/2020/04/how-the-anti= -populists-stopped-bernie-sanders/?fbclid=3DIwAR0-8Qu6vpr-QBytnw7r1o04e8j6C= k2gMk72Zyu5JUNs9FFFF4d1SMhqCSs

You will recognize all the memes raised against Bernie over the past 4&#= 43; years. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 = more years of Trump.


Sit down before you read this one; scariest one I've seen:

 https://www.vox.com/2020/4/10/21215494/coronavirus-plans-social-dist= ancing-economy-recession-depression-unemployment


https://truthout.org/articles/ venture-capitalist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?= eType=3D EmailBlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf=  

maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail.


FINDING the MONEY Documentary Launch


Dear Randall
 
As you=92ve hopefully heard, we are producing a documentary about the most= important shift to hit politics and economics in decades: Modern Monetary = Theory. And we are excited to announce the launch of our crowd-funding campaign as a crucial next step to bring t= he film to life!
 
Today we are launching the campaignwebsite, and social media pages to share with the broad and diverse MMT community wi= th a goal of raising $15,000. All donations are tax deductible! Thanks to our fiscal sponsor = Filmmakers=92 Collaborative SF.
 
As someone on the forefront of MMT, you know it is more relevant to the po= litical debate now than ever, with the urgency to respond to coronavirus an= d mitigate the economic consequences.
 
But you also know what a complex story this is. Politicians will not be th= e first ones to come out and explain to the public how government financing= and taxes actually work. The groundwork for this debate must be laid; that is the work many of you are doing today= , and that is the work of this documentary.
 
This campaign is important to show the size of the audience that is alread= y following and engaged with the MMT story, to show the potential for what = I know is a film that will have broad appeal, a story that will affect our daily lives, affect daily political d= ecisions, and affect the planet. Visit and share&n= bsp;our GoFundMe page!
 
Although $15k is not the full budget for the film, it will bring an editor= on board with the goal of completing a short film/work sample to release i= n September 2020. The film will then expand into a feature length form to give the full picture perspective of = the story, get to know the characters involved, the conflict and drama with= top tier economists, and explore fascinating examples from the past 5,000 = years of the history of money.
 
Please share our GoFundMe&= nbsp;page, or reach out to your contacts individually. A $25, $50, or $100 tax-deduct= ible donation will go a long way in making this film a reality!
 
And please follow us on social media below to continue to connect the ever= -growing MMT community.
Don=92t hesitate to be in touch if you have any thoughts, suggestions, or = advice! I would love to hear from you!
I look forward to continuing on this journey with you.
 
Take care of each other, and all my best,
 
Maren Poitras
www.findingmoneyfilm.com
[log in to unmask]<= /a>




L. Randall Wray
Senior Scholar, Levy Economics Instit= ute

Professor of Economics, Bard College

= Emeritus Professor, University of Missouri-Kansas City

Co-editor Journal of Post Keynesian Economics
ISSN 0160-3477 (Print), 1557-7821 (Online) www.tandfonline.com/toc/mpke20/current
http://www.tandfonline.com/toc/mpke20/current<= /div>

Recent Books:

A = Great Leap Forward: Heterodox Economic Policy for the 21st Century; R= andall Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22nd January 2020; https://www.elsevier.com/books/a-great-leap-forward/wray/978-0-12-819380-= 8

 = ;

Ma= croeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Wa= tts; Red Globe Press, Macmillan International; February 2019; https://www.macmillanihe.com/page/detail/Macro= economics/?K=3D9781137610669.

&nbs= p;

W= hy Minsky Matters: An Introduction to the work of a maverick economist,&nbs= p;Princeton University Presshttp://press.princeton.edu/titles/1057= 5.html

&nbs= p;

M= odern Money Theory: a primer on macroeconomics for sovereign monetary = systems, Palgrave Macmillan = http://www.palgrave.com/page/detail/modern-money-theory-l-randall-wray/?isb= =3D9781137539908 

 



 
Please make note of my new email address as I will be= transitioning all email to:
--_000_9cf095c39ad24da78fbbadd624f42ef3umkcedu_-- ========================================================================= Date: Mon, 13 Apr 2020 22:24:19 +0000 Reply-To: AFEEMAIL Discussion List <[log in to unmask]> Sender: AFEEMAIL Discussion List <[log in to unmask]> From: "Zalewski, Dave" <[log in to unmask]> Subject: Re: [External] Re: [AFEEMAIL] Lock-down reading In-Reply-To: <[log in to unmask]> Content-Type: multipart/alternative; boundary="_000_BL0PR01MB4561D644240DF8D51290077CAFDD0BL0PR01MB4561prod_" MIME-Version: 1.0 Message-ID: <[log in to unmask]> --_000_BL0PR01MB4561D644240DF8D51290077CAFDD0BL0PR01MB4561prod_ Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: Quoted-printable Hi John, I agree with you that Glen raises an interesting point. Unfortunately the t= erm "populist" has been rather amorphous - spanning from associations with = the political left to the right wing. The link below is to an article that = appeared s short time ago in The Atlantic that is quite helpful. Dani Rodri= k has also written extensively on this topic and I can send some articles a= nd references if you would like them. https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.theatlantic.com_= international_archive_2017_02_what-2Dis-2Dpopulist-2Dtrump_516525_&d=3DDwIF= -g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-R= JVMBctp9ndCoqGEy57VsNLQ&m=3DfedyDCuSNxwqY8_WmmVMy8gnKxM3WuqpaioB_Wmcpow&s= =3DWvR2W8BSuE5E-fPvuv_LrEBaiprhHcBSReWKSv7v4qU&e=3D=20 [https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__cdn.theatlantic.com= _thumbor_BTjOVuZWU0qxriwUc1-2DqvDQLA88-3D_0x98-3A3494x1918_960x500_media_im= g_mt_2017_02_RTX2PF5Z_original.jpg&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_= rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Dfedy= DCuSNxwqY8_WmmVMy8gnKxM3WuqpaioB_Wmcpow&s=3DcvIoDMXgSXjHYty9FCmsqhOMAQwWmnL= j7ZD4efHm3qc&e=3D ] What Is a Populist? - The Atlantic There are explanations for these things that focus on the individual, chara= cterizing Trump as a self-centered reality-TV star obsessed with approval a= nd allergic to criticism.. But there is also ... https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.theatlantic.com&d= =3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6= j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DfedyDCuSNxwqY8_WmmVMy8gnKxM3WuqpaioB_Wmc= pow&s=3DapnCNpQLoXvlkS8k4DJasb4ktRBif2ZRVFOhhQDikiM&e=3D=20 Stay well! Dave David Zalewski Professor and Chair - Department of Finance School of Business Providence College Ryan Center 252 Providence, RI 02918 ________________________________ From: AFEEMAIL Discussion List <[log in to unmask]> on behalf of Hen= ry, John <[log in to unmask]> Sent: Monday, April 13, 2020 3:22 PM To: [log in to unmask] <[log in to unmask]> Subject: [External] Re: [AFEEMAIL] Lock-down reading Glen raises a most important issue. Just when/how did "populism" change fro= m a progressive term to one associated with all the things we AFEEers deplo= re? Huey Long may be a step in this development, but my recollection places= the change in a very recent period. When I started to see it used signific= antly, maybe 20-25 years ago, I thought that it was a misplaced reference t= o the real populists of the late 1800's. But, no..... So, why this term use= d to describe white nationalists, anti-immigrant, religious fanatics, etc.?= Someone has had to have written to this specifically. John P.S. AS much as I hate to admit, I did purchase Atkinson and Paschall Law a= nd Economics...., and actually read significant portions of the thing. For = those who haven't dipped their toes in these waters, I'd recommend they do = so. John F. Henry Levy Economics Institute of Bard College Email: [log in to unmask] ________________________________ From: AFEEMAIL Discussion List <[log in to unmask]> on behalf of Gle= n Atkinson <[log in to unmask]> Sent: Sunday, April 12, 2020 12:58:27 PM To: [log in to unmask] Subject: Re: Lock-down reading Thanks Randy. I recommend reading the "The Omaha Platform - The Launching= of the Populist Party" that was adopted in 1892 They wanted to eliminate tariffs, which was a major source of funding of th= e the federal government, and create a progressive income tax. The other s= ignificant source of federal revenue was land sales. The party wanted radical changes such as direct election of U.S. Senators a= nd secret ballots. They stopped short of other radical policies such as na= tional health insurance, but they did want to eliminate private banks and t= he Cross of Gold. We have been assisted to forget all of this by the folks= who opposed these measures and identify populism with the likes of Huey Lo= ng. What if we had adopted some the important planks in the Omaha Platform= ? Would it have stolen some of the appeal of the likes of Long? We will n= ever know, but it is worth considering. The situation facing mid-western g= rain farmers in the nineteenth century was quite different from the truly i= mpoverished southern farmers of the 1930s. The mid-western farmers were drawn into the mysterious price system system = created by the wider market that was enabled by transcontinental railroads.= You will see some of their gripes against the consequences of the railroa= ds in the platform. Forty acres and a mule would not help them. SELF PROM= OTION WARNING - See Atkinson and Paschall "Law and Economics from an Evolut= ionary Perspective 2016" , pp. 31-33 for a brief discussion of this develop= ment. It might be worth reading John Steinbeck's novel, East of Eden along with G= rapes of Wrath to appreciate the differences in agricultural communities. = Rosevile, CA became one the largest railroad yards in the nation because of= the economic goal portrayed in East of Eden. And it did become the larges= t ice facility in the nation. Steinbeck's talent was in connecting these = major developments to people's lives. We do remember Tom Joad as iif he we= re a natural -not a corporation- person. At least let us agree on what we mean when we reference populism. Glen On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall <[log in to unmask]> = wrote: All of us probably need some good reads to cheer us up in what will be a lo= ng lock-down. This is going to go on for months, maybe years, longer than o= ur pundits are now claiming. So hunker down and take a look at these uplift= ing pieces. Here's one on the upside to the downsides: Prepare for the Ultimate Gasligh= ting* by Julio Vincent Gambuto Message: fight the return to normalcy. This is our opportunity to reflect o= n our unsustainable pre-crisis path. A remarkable piece by Tom Frank: https://urldefense.proofpoint.com/v2/url?u= =3Dhttps-3A__harpers.org_archive_2020_04_how-2Dthe-2Danti-2Dpopulists-2Dsto= pped-2Dbernie-2Dsanders_-3Ffbclid-3DIwAR0-2D8Qu6vpr-2DQBytnw7r1o04e8j6Ck2gM= k72Zyu5JUNs9FFFF4d1SMhqCSs&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlk= LF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DfedyDCuSNxwq= Y8_WmmVMy8gnKxM3WuqpaioB_Wmcpow&s=3D6UhNhQjmL9Qxzs8qcXhpqD0qzJ89NilLOlB93Mw= Ksgc&e=3D You will recognize all the memes raised against Bernie over the past 4+ yea= rs. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more ye= ars of Trump. Sit down before you read this one; scariest one I've seen: https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.vox.com_2020_4_= 10_21215494_coronavirus-2Dplans-2Dsocial-2Ddistancing-2Deconomy-2Drecession= -2Ddepression-2Dunemployment&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWh= lkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DfedyDCuSNx= wqY8_WmmVMy8gnKxM3WuqpaioB_Wmcpow&s=3DLglz28UXMEz1oqaXp0gx3I-SdFEV6x9yXNTg-= 5bcDCs&e=3D https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__truthout.org_article= s_&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPd= bzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DfedyDCuSNxwqY8_WmmVMy8gnKxM3WuqpaioB= _Wmcpow&s=3DE1zp5a8evhKpmR3PF9d0qI70f_Yp0CneVrSoAeT0VyU&e=3D venture-capit= alist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?eType=3D Email= BlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail. Great interactive piece in the NYT on inequality: https://urldefense.proofp= oint.com/v2/url?u=3Dhttps-3A__www.nytimes.com_&d=3DDwIF-g&c=3DCu5g146wZdoqV= uKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57Vs= NLQ&m=3DfedyDCuSNxwqY8_WmmVMy8gnKxM3WuqpaioB_Wmcpow&s=3DYOpj3r1FowruklZ-aXC= 6YDoS7ZlijRLIAFydnci7wHg&e=3D interactive/2020/04/10/ opinion/coronavirus-= us- economy-inequality.html? campaign_id=3D9&emc=3Dedit_NN_p_ 20200410&inst= ance_id=3D17527&nl=3D morning-briefing®i_id=3D 77048444§ion=3DtopNew= s& segment_id=3D24620&te=3D1&user_id=3D 7280463403816570666b094c605ab2 40 MMT in the Guardian: https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__amp.theguardian.com_= &d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbz= w6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DfedyDCuSNxwqY8_WmmVMy8gnKxM3WuqpaioB_W= mcpow&s=3D_Gh3xf0TR2Ebn4ZFE2qTXEOB60Q2LwHZedWfqIVJVOE&e=3D commentisfree/2= 020/apr/09/the- guardian-view-on-the-covid-19- fight-it-can-be-paid-for?__ = twitter_impression=3Dtrue In Wash Post https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.washingtonpost.c= om_opinions_so-2Dlong-2Dbalanced-2Dbudgets-2Deveryones-2Dinto-2Dendless-2Ds= pending-2Dnow_2020_04_07_1e2d49f2-2D78f5-2D11ea-2D9bee-2Dc5bf9d2e3288-5Fsto= ry.html&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbu= jWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DfedyDCuSNxwqY8_WmmVMy8gnKxM3Wuq= paioB_Wmcpow&s=3Dtm-PdVgIzW5SlmyFb09C00_VeTNb8P0rpkQsTzjmwEg&e=3D Could Modern Monetary Theory rescue us from = the Covid-19 economic crisis? Full News Link : https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www= .moneycontrol.com_&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-w= wo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DfedyDCuSNxwqY8_WmmVM= y8gnKxM3WuqpaioB_Wmcpow&s=3D_ANIWoS4oixOCSFgJENiyrKAJNdNgB9WI8sgxBd_EzM&e= =3D news/business/markets/could- modern-monetary-theory-rescue- us-from-th= e-covid-19-economic- crisis-5061071.html/amp Your chance for crowd funding of an MMT Documentary FINDING the MONEY Documentary Launch Dear Randall As you=92ve hopefully heard, we are producing a documentary about the most = important shift to hit politics and economics in decades: Modern Monetary T= heory. And we are excited to announce the launch of our crowd-funding campa= ign as a crucial next step to bring the film to life! Today we are launching the campaign, website, and social media = pages to share with the broad and diverse MMT community with a goal of rais= ing $15,000. All donations are tax deductible! Thanks to our fiscal sponsor= Filmmakers=92 Collaborative SF. As someone on the forefront of MMT, you know it is more relevant to the pol= itical debate now than ever, with the urgency to respond to coronavirus and= mitigate the economic consequences. But you also know what a complex story this is. Politicians will not be the= first ones to come out and explain to the public how government financing = and taxes actually work. The groundwork for this debate must be laid; that = is the work many of you are doing today, and that is the work of this docum= entary. This campaign is important to show the size of the audience that is already= following and engaged with the MMT story, to show the potential for what I= know is a film that will have broad appeal, a story that will affect our d= aily lives, affect daily political decisions, and affect the planet. Visit = and share our GoFundMe page! Although $15k is not the full budget for the film, it will bring an editor = on board with the goal of completing a short film/work sample to release in= September 2020. The film will then expand into a feature length form to gi= ve the full picture perspective of the story, get to know the characters in= volved, the conflict and drama with top tier economists, and explore fascin= ating examples from the past 5,000 years of the history of money. Please share our GoFundMe page, or reach out t= o your contacts individually. A $25, $50, or $100 tax-deductible donation w= ill go a long way in making this film a reality! And please follow us on social media below to continue to connect the ever-= growing MMT community. Don=92t hesitate to be in touch if you have any thoughts, suggestions, or a= dvice! I would love to hear from you! I look forward to continuing on this journey with you. Take care of each other, and all my best, Maren Poitras https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.findingmoneyfilm.= com&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNP= dbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DfedyDCuSNxwqY8_WmmVMy8gnKxM3Wuqpaio= B_Wmcpow&s=3DjcqFQqu8S2VT175OMNopf0nkM1sYrBASfdv2X5RT_6k&e=3D [log in to unmask] L. Randall Wray Senior Scholar, Levy Economics Institute Papers: https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.levyinsti= tute.org_publications_-3Fauth-3D287&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX= _rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3Dfed= yDCuSNxwqY8_WmmVMy8gnKxM3WuqpaioB_Wmcpow&s=3DFxyDy2e11fTO0NF3WXXX6o00K63Ih1= JyBz5sPq6Xu6I&e=3D Professor of Economics, Bard College Emeritus Professor, University of Missou= ri-Kansas City Co-editor Journal of Post Keynesian Economics ISSN 0160-3477 (Print), 1557-7821 (Online) https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DfedyDCuSNxwqY8_WmmVMy= 8gnKxM3WuqpaioB_Wmcpow&s=3DdkBbfbr6-J0p8HGSNWs814xIAmf0weTF4G1RFUyULI8&e=3D= =20 https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DfedyDCuSNxwqY8_WmmVMy= 8gnKxM3WuqpaioB_Wmcpow&s=3DdkBbfbr6-J0p8HGSNWs814xIAmf0weTF4G1RFUyULI8&e=3D= Recent Books: A Great Leap Forward: Heterodox Economic Policy for the 21st Century; Randa= ll Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22n= d January 2020; https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.= elsevier.com_books_a-2Dgreat-2Dleap-2Dforward_wray_978-2D0-2D12-2D819380-2D= 8&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdb= zw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DfedyDCuSNxwqY8_WmmVMy8gnKxM3WuqpaioB_= Wmcpow&s=3DI5LN4VsBTRSOmZDNfks_HuO1wl54jpa7LNqgPXlSOz4&e=3D Macroeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Watts;= Red Globe Press, Macmillan International; February 2019; https://urldefens= e.proofpoint.com/v2/url?u=3Dhttps-3A__www.macmillanihe.com_page_detail_Macr= oeconomics_-3FK-3D9781137610669&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6= kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DfedyDCu= SNxwqY8_WmmVMy8gnKxM3WuqpaioB_Wmcpow&s=3DrKoLVjCdSPlHzhkPhQvDDM5hmfYgjNV3JM= MKPPHF6jw&e=3D . Why Minsky Matters: An Introduction to the work of a maverick economist, Pr= inceton University Presshttp://press.princeton.edu/titles/10575.html Modern Money Theory: a primer on macroeconomics for sovereign monetary syst= ems, Palgrave Macmillan https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3= A__www.palgrave.com_page_detail_modern-2Dmoney-2Dtheory-2Dl-2Drandall-2Dwra= y_-3Fisb-3D9781137539908&d=3DDwIF-g&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF= 8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DfedyDCuSNxwqY8= _WmmVMy8gnKxM3WuqpaioB_Wmcpow&s=3DVIgoIl6SWWR_rTQTuTj9ZFqtXmvPgecxFJl06-14d= bk&e=3D Please make note of my new email address as I will be transitioning all ema= il to: [log in to unmask] =9B This email was sent from outside of Providence College =9B Do not click any suspicious links or open any attachments that you are = not expecting =9B Never send any sensitive or financial information (Including passwords,= social security numbers, credit card numbers, and gift cards) via email --_000_BL0PR01MB4561D644240DF8D51290077CAFDD0BL0PR01MB4561prod_ Content-Type: text/html; charset="Windows-1252" Content-Transfer-Encoding: Quoted-printable
Hi John,

I agree with you that Glen raises an interesting point. Unfortunately the t= erm "populist" has been rather amorphous - spanning from associat= ions with the political left to the right wing. The link below is to an art= icle that appeared s short time ago in The Atlantic that is quite helpful. Dani Rodrik has also written extensively o= n this topic and I can send some articles and references if you would like = them.

Stay well!

Dave

David Zalewski
Professor and Chair - Department of Finance 
School of Business
Providence College
Ryan Center 252
Providence, RI 02918

From: AFEEMAIL Discussion L= ist <[log in to unmask]> on behalf of Henry, John <henryjf@= UMKC.EDU>
Sent: Monday, April 13, 2020 3:22 PM
To: [log in to unmask] <[log in to unmask]>
Subject: [External] Re: [AFEEMAIL] Lock-down reading
 

Glen raises a most important issue. Just when/how did "populism&quo= t; change from a progressive term to one associated with all the things we = AFEEers deplore? Huey Long may be a step in this development, but my recoll= ection places the change in a very recent period. When I started to see it used significantly, maybe 20-25 years ago= , I thought that it was a misplaced reference to the real populists of the = late 1800's. But, no..... So, why this term used to describe white nationalists, anti-immigrant, relig= ious fanatics, etc.? Someone has had to have written to this specifically.&= nbsp;


John


P.S. AS much as I hate to admit, I did purchase Atkinson and Paschall&nb= sp;Law and Economics...., and actually read significant portions of the thing. For th= ose who haven't dipped their toes in these waters, I'd recommend they do so= . 


John F. Henry
Levy Economics Inst= itute of Bard College

 

From: AFEEMAIL Discussion= List <[log in to unmask]> on behalf of Glen Atkinson <glen= [log in to unmask]>
Sent: Sunday, April 12, 2020 12:58:27 PM
To: [log in to unmask]
Subject: Re: Lock-down reading
 
Thanks Randy.  I recommen= d reading the "The Omaha Platform -  The Launching of the Populis= t Party"  that was adopted in 1892

They wanted to eliminate tarif= fs, which was a major source of funding of the the federal government, and = create a progressive income tax.  The other significant source of fede= ral revenue was land sales.  

The party wanted radical chang= es such as direct election of U.S. Senators and secret ballots.  They = stopped short of other radical policies such as national health insurance, = but they did want to eliminate private banks and the Cross of Gold.  We have been assisted to forget all of this b= y the folks who opposed these measures and identify populism with the likes= of Huey Long.  What if we had adopted some the important planks in th= e Omaha Platform?  Would it have stolen some of the appeal of the likes of Long?  We will never know, but it is wo= rth considering.  The situation facing mid-western grain farmers in th= e nineteenth century was quite different from the truly impoverished southe= rn farmers of the 1930s.  

The mid-western farmers were d= rawn into the mysterious price system system created by the wider market th= at was enabled by transcontinental railroads.  You will see some of th= eir gripes against the consequences of the railroads in the platform.  Forty acres and a mule would not help the= m.  SELF PROMOTION WARNING - See Atkinson and Paschall "Law and E= conomics from an Evolutionary Perspective 2016" , pp. 31-33 for a brie= f discussion of this development.   

It might be worth reading John= Steinbeck's novel, East of Eden along with Grapes of Wrath to appreciate t= he differences in agricultural communities.  Rosevile, CA became one t= he largest railroad yards in the nation because of the economic goal portrayed in East of Eden.  And it did become th= e largest  ice facility in the nation.  Steinbeck's talent was in= connecting these major developments to people's lives.  We do remembe= r Tom Joad as iif he were a natural -not a corporation- person.  

At least let us agree on what = we mean when we reference populism.   

Glen

  
On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall <wrayr@um= kc.edu> wrote:


All of us probably need some good reads to cheer us up in what will be a= long lock-down. This is going to go on for months, maybe years, longer tha= n our pundits are now claiming. So hunker down and take a look at these upl= ifting pieces.


Here's one on the upside to the downsides: Prepare for the Ultimate Gaslighting* by Julio Vincent = Gambuto

Message: fight the return to normalcy. This is our opp= ortunity to reflect on our unsustainable pre-crisis path.


A remarkable piece by Tom Frank: https://harpers= .org/archive/2020/04/how-the-anti-populists-stopped-bernie-sanders/?fbclid= =3DIwAR0-8Qu6vpr-QBytnw7r1o04e8j6Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs=

You will recognize all the memes raised against Bernie over the past 4&#= 43; years. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 = more years of Trump.


Sit down before you read this one; scariest one I've seen:

 https://www.vox.com/2020/4/10/21215494/coronavirus= -plans-social-distancing-economy-recession-depression-unemployment


https:/= /truthout.org/articles/ venture-capitalist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?= eType=3D EmailBlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf=  

maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail.


FINDING the MONEY Documentary Launch


= Dear Randall
=  
= As you=92ve hopefully heard, we are producing a documentary about the most = important shift to hit politics and economics in decades: Modern Monetary T= heory. And we are excited to announce the launch of our crowd-funding campaign as a crucial next step to bring t= he film to life!
=  
= Today we are launching the = campaignwebsite<= /a>, and social media pages to share with the broad and diverse MMT community wit= h a goal of raising $15,000. All donations are tax deductible! Thanks to our fiscal sponsor F= ilmmakers=92 Collaborative SF.
=  
= As someone on the forefront of MMT, you know it is more relevant to the pol= itical debate now than ever, with the urgency to respond to coronavirus and= mitigate the economic consequences.
=  
= But you also know what a complex story this is. Politicians will not be the= first ones to come out and explain to the public how government financing = and taxes actually work. The groundwork for this debate must be laid; that is the work many of you are doing today= , and that is the work of this documentary.
=  
= This campaign is important to show the size of the audience that is already= following and engaged with the MMT story, to show the potential for what I= know is a film that will have broad appeal, a story that will affect our daily lives, affect daily political d= ecisions, and affect the planet. Visit and share&nbs= p;our G= oFundMe page!
=  
= Although $15k is not the full budget for the film, it will bring an editor = on board with the goal of completing a short film/work sample to release in= September 2020. The film will then expand into a feature length form to give the full picture perspective of = the story, get to know the characters involved, the conflict and drama with= top tier economists, and explore fascinating examples from the past 5,000 = years of the history of money.
=  
= Please share our GoFundMe page, or reach out to your contacts individually. A $25, $50, or $100 tax-deduct= ible donation will go a long way in making this film a reality!
=  
= And please follow us on social media below to continue to connect the ever-= growing MMT community.
= Don=92t hesitate to be in touch if you have any thoughts, suggestions, or a= dvice! I would love to hear from you!
= I look forward to continuing on this journey with you.
=  
= Take care of each other, and all my best,
=  
= Maren Poitras
www.findingmoneyfilm.com
[log in to unmask]




L. Randall Wray
Senior Scholar, Levy Economics Instit= ute

Professor of Economics, Bard College

Emeritus Professor, University of Missouri-Kansas City

Co-editor Journal of Post Keynesian Economics
ISSN 0160-3477 (Print), 1557-7821 (Online) www.tandfonline.com/toc/mpke20/current
http://www.tandfonline.com/toc/mpke20/current=

Recent Books:

A= Great Leap Forward: Heterodox Economic Policy for the 21st Century<= /i>;= Randall Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22nd January 2020; https://w= ww.elsevier.com/books/a-great-leap-forward/wray/978-0-12-819380-8

&nbs= p;

M= acroeconomics; Author(s): William Mitchell, L. Randall Wray, Martin = Watts; Red Globe Press, Macmillan International; February 2019; https://www.macmillanihe.com/page/detail/M= acroeconomics/?K=3D9781137610669.

&nb= sp;

= Why Minsky Matters: An Introduction to the work of a maverick economist,&nb= sp;Princeton University Presshttp://press.princeton.edu= /titles/10575.html

&nb= sp;

= Modern Money Theory: a primer on macroeconomics for sovereign monetary= systems, Palgrave Macmillan http://www.palgrave.com/page/detail/modern-money-theory-l-r= andall-wray/?isb=3D9781137539908 

 



 
Please make note of my new email address as I will be= transitioning all email to:
[log in to unmask]" id=3D"x_yiv8759096847LPNoLP">[log in to unmask]



 

=9B Thi= s email was sent from outside of Providence College
=9B Do not click any suspicious links or open any attachments that you are = not expecting
=9B Never send any sensitive or financial information (Including passwords,= social security numbers, credit card numbers, and gift cards) via email

--_000_BL0PR01MB4561D644240DF8D51290077CAFDD0BL0PR01MB4561prod_-- ========================================================================= Date: Tue, 14 Apr 2020 02:43:26 +0000 Reply-To: AFEEMAIL Discussion List <[log in to unmask]> Sender: AFEEMAIL Discussion List <[log in to unmask]> From: Glen Atkinson <[log in to unmask]> Subject: Re: Lock-down reading In-Reply-To: <[log in to unmask]> Content-Type: multipart/alternative; boundary="----=_Part_48439_43031520.1586832206329" MIME-Version: 1.0 Message-ID: <[log in to unmask]> ------=_Part_48439_43031520.1586832206329 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: Quoted-printable My reference to Huey Long was in part speculative.=C2=A0 However, I think = the vested interests used such movements as Long's to confuse the message s= tated in the Omaha Platform.=C2=A0 Call me an radical but I thought their g= oals were reasonable.=C2=A0 But I'm not as radical as Mitch McConnell and h= is right wing Republicans are in Congress.=C2=A0 If I read the Harper's article correctly that Randy forwarded, the vested i= nterests, including many Democrats, have tried to conflate populists as the= ignorant productive farmers we now need to fill our Food Banks.=C2=A0 We l= ove our farmers, truck drivers, toilet paper makers now.=C2=A0 The goal of = the Goldman Sachs Tribe is not to increase the commonwealth but to grab as = much for themselves and their clients as possible.=C2=A0 As we we moved fro= m workers to employees and now Associates and Team Members our disrespect f= or production workers continues.=C2=A0=C2=A0 I am comfortable being identified as a populist as an updated Omaha Platfor= m person.=C2=A0 Let's identify populism ourselves rather letting the vested= interests do it.=C2=A0=C2=A0 We have become a financial economy rather a production economy.=C2=A0 We ca= n't even produce protection gear for our beloved health care team members.= =C2=A0=C2=A0 Glen=C2=A0 =C2=A0 =C2=A0 =C2=A0 =C2=A0 =C2=A0 =C2=A0 On Monday, April 13, 2020, 12:35:20 PM PDT, Henry, John <[log in to unmask] du> wrote:=20=20 =20 #yiv4774296157 -- P {margin-top:0;margin-bottom:0;}#yiv4774296157=20 Glen raises a most important issue. Just when/how did "populism" change fro= m a progressive term to one associated with all the things we AFEEers deplo= re? Huey Long may be a step in this development, but my recollection places= the change in a very recent period. When I started to see it used signific= antly, maybe 20-25 years ago, I thought that it was a misplaced reference t= o the real populists of the late 1800's. But, no..... So, whythis term used= to describe white nationalists, anti-immigrant, religious fanatics, etc.? = Someone has had to have written to this specifically.=C2=A0 John P.S. AS much as I hate to admit, I did purchase Atkinson and Paschall=C2=A0= Law and Economics....,and actually read significant portions of the thing.= =C2=A0For those who haven't dipped their toes in these waters, I'd recommen= d they do so.=C2=A0 John F. HenryLevy Economics Institute of Bard College =C2=A0Email: [log in to unmask]: AFEEMAIL Discussion List on behalf of Glen Atkinson <[log in to unmask]> Sent: Sunday, April 12, 2020 12:58:27 PM To: [log in to unmask] Subject: Re: Lock-down reading=C2=A0Thanks Randy.=C2=A0 I recommend reading= the "The Omaha Platform -=C2=A0 The Launching of the Populist Party"=C2=A0= that was adopted in 1892 They wanted to eliminate tariffs, which was a major source of funding of th= e the federal government, and create a progressive income tax.=C2=A0 The ot= her significant source of federal revenue was land sales.=C2=A0=C2=A0 The party wanted radical changes such as direct election of U.S. Senators a= nd secret ballots.=C2=A0 They stopped short of other radical policies such = as national health insurance, but they did want to eliminate private banks = and the Cross of Gold.=C2=A0 We have been assisted to forget all of this by= the folks who opposed these measures and identify populism with the likes = of Huey Long.=C2=A0 What if we had adopted some the important planks in the= Omaha Platform?=C2=A0 Would it have stolen some of the appeal of the likes= of Long?=C2=A0 We will never know, but it is worth considering.=C2=A0 The = situation facing mid-western grain farmers in the nineteenth century was qu= ite different from the truly impoverished southern farmers of the 1930s.=C2= =A0=C2=A0 The mid-western farmers were drawn into the mysterious price system system = created by the wider market that was enabled by transcontinental railroads.= =C2=A0 You will see some of their gripes against the consequences of the ra= ilroads in the platform.=C2=A0 Forty acres and a mule would not help them.= =C2=A0 SELF PROMOTION WARNING - See Atkinson and Paschall "Law and Economic= s from an Evolutionary Perspective 2016" , pp. 31-33 for a brief discussion= of this development.=C2=A0 =C2=A0 It might be worth reading John Steinbeck's novel, East of Eden along with G= rapes of Wrath to appreciate the differences in agricultural communities.= =C2=A0 Rosevile, CA became one the largest railroad yards in the nation bec= ause of the economic goal portrayed in East of Eden.=C2=A0 And it did becom= e the largest=C2=A0 ice facility in the nation.=C2=A0 Steinbeck's talent wa= s in connecting these major developments to people's lives.=C2=A0 We do rem= ember Tom Joad as iif he were a natural -not a corporation- person.=C2=A0= =C2=A0 At least let us agree on what we mean when we reference populism.=C2=A0 =C2= =A0 Glen =C2=A0=C2=A0On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall [log in to unmask]> wrote: #yiv4774296157 -- P {margin-top:0;margin-bottom:0;}#yiv4774296157=20 All of us probably need some good reads to cheer us up in what will be a lo= ng lock-down. This is going to go on for months, maybe years, longer than o= ur pundits are now claiming. So hunker down and take a look at these uplift= ing pieces. Here's one on the upside to the downsides:=C2=A0Prepare for the Ultimate Ga= slighting*=C2=A0by Julio Vincent Gambuto Message: fight the return to normalcy. This is our opportunity to reflect o= n our unsustainable pre-crisis path. A remarkable piece by Tom Frank:=C2=A0https://urldefense.proofpoint.com/v2/= url?u=3Dhttps-3A__harpers.org_archive_2020_04_how-2Dthe-2Danti-2Dpopulists-= 2Dstopped-2Dbernie-2Dsanders_-3Ffbclid-3DIwAR0-2D8Qu6vpr-2DQBytnw7r1o04e8j6= Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6= kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DyK12bMQ= oRB5rKIh11uhrRjLKsVfmTBqlkPQ7BalwKpE&s=3DxkkERVn0OLzRXj-94duWCab59utxC5wDTI= Dg3hbr_iQ&e=3D=20 You will recognize all the memes raised against Bernie over the past 4+ yea= rs. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more ye= ars of Trump. Sit down before you read this=C2=A0one; scariest one I've seen: =C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.vox.com_20= 20_4_10_21215494_coronavirus-2Dplans-2Dsocial-2Ddistancing-2Deconomy-2Drece= ssion-2Ddepression-2Dunemployment&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_r= g6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DyK12b= MQoRB5rKIh11uhrRjLKsVfmTBqlkPQ7BalwKpE&s=3DuV8Glknv8HRCQG4G9Cex0CD72ClbJCUS= gPFMKtLoj1w&e=3D=20 https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__truthout.org_article= s_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPd= bzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DyK12bMQoRB5rKIh11uhrRjLKsVfmTBqlkPQ7= BalwKpE&s=3DgYFKIwPCfpRnbEYQq-2s19Mp8e5d_nOr_EPURahc1OM&e=3D venture-capit= alist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?eType=3D Email= BlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf=C2=A0 maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail. Great interactive piece in the NYT on inequality:=C2=A0https://urldefense.p= roofpoint.com/v2/url?u=3Dhttps-3A__www.nytimes.com_&d=3DDwIFaQ&c=3DCu5g146w= ZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGE= y57VsNLQ&m=3DyK12bMQoRB5rKIh11uhrRjLKsVfmTBqlkPQ7BalwKpE&s=3DXdnE2mR8vRDpw_= 4TGtdMjWv16RuhvowRHvQVZENjenE&e=3D interactive/2020/04/10/ opinion/coronav= irus-us- economy-inequality.html? campaign_id=3D9&emc=3Dedit_NN_p_ 20200410= &instance_id=3D17527&nl=3D morning-briefing®i_id=3D 77048444§ion=3Dt= opNews& segment_id=3D24620&te=3D1&user_id=3D 7280463403816570666b094c605ab2= 40=C2=A0=C2=A0 MMT in the Guardian:=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttp= s-3A__amp.theguardian.com_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlk= LF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DyK12bMQoRB5r= KIh11uhrRjLKsVfmTBqlkPQ7BalwKpE&s=3DtYo7l1p1DTzmel6JCOFbK0PXvTBr82Lk3T81s8-= plaI&e=3D commentisfree/2020/apr/09/the- guardian-view-on-the-covid-19- fi= ght-it-can-be-paid-for?__ twitter_impression=3Dtrue In Wash Posthttps://www.washingtonpost.com/opinions/so-long-balanced-budget= s-everyones-into-endless-spending-now/2020/04/07/1e2d49f2-78f5-11ea-9bee-c5= bf9d2e3288_story.html Could Modern Monetary Theory rescue us from the Covid-19 economic crisis? Full News Link :=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A= __www.moneycontrol.com_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8= Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DyK12bMQoRB5rKIh= 11uhrRjLKsVfmTBqlkPQ7BalwKpE&s=3DgjT0m4IyAsaUNfPXxSTwG_5_7eph5Y9BHC8YKoxmqF= w&e=3D news/business/markets/could- modern-monetary-theory-rescue- us-from= -the-covid-19-economic- crisis-5061071.html/amp Your chance for crowd funding of an MMT Documentary FINDING the MONEY Documentary Launch Dear Randall =C2=A0 As you=E2=80=99ve hopefully heard, we are producing a documentary about the= most important shift to hit politics and economics in decades: Modern Mone= tary Theory. And we are excited to announce the launch of our crowd-funding= campaign as a crucial next step to bring the film to life! =C2=A0 Today we are launching the=C2=A0campaign,=C2=A0website, and=C2=A0social med= ia=C2=A0pages to share with the broad and diverse MMT community with a goal= of raising $15,000.=C2=A0All donations are tax deductible!=C2=A0Thanks to = our fiscal sponsor Filmmakers=E2=80=99 Collaborative SF. =C2=A0 As someone on the forefront of MMT, you know it is more relevant to the pol= itical debate now than ever, with the urgency to respond to coronavirus and= mitigate the economic consequences. =C2=A0 But you also know what a complex story this is. Politicians will not be the= first ones to come out and explain to the public how government financing = and taxes actually work. The groundwork for this debate must be laid; that = is the work many of you are doing today, and that is the work of this docum= entary. =C2=A0 This campaign is important to show the size of the audience that is already= following and engaged with the MMT story, to show the potential for what I= know is a film that will have broad appeal, a story that will affect our d= aily lives, affect daily political decisions, and affect the planet. Visit = and=C2=A0share=C2=A0our=C2=A0GoFundMe=C2=A0page! =C2=A0 Although $15k is not the full budget for the film, it will bring an editor = on board with the goal of completing a short film/work sample to release in= September 2020. The film will then expand into a feature length form to gi= ve the full picture perspective of the story, get to know the characters in= volved, the conflict and drama with top tier economists, and explore fascin= ating examples from the past 5,000 years of the history of money. =C2=A0 Please=C2=A0share=C2=A0our=C2=A0GoFundMe=C2=A0page, or reach out to your co= ntacts individually. A $25, $50, or $100 tax-deductible donation will go a = long way in making this film a reality! =C2=A0 And please follow us on social media below to continue to connect the ever-= growing MMT community. Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestions= , or advice! I would love to hear from you! I look forward to continuing on this journey with you. =C2=A0 Take care of each other, and all my best, =C2=A0 Maren Poitras https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.findingmoneyfilm.= com&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNP= dbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DyK12bMQoRB5rKIh11uhrRjLKsVfmTBqlkPQ= 7BalwKpE&s=3DCe-ksErGrt-w1ZWcfCWhSDSrMAHCnWyVkeXdk1CXCT4&e=3D=20 [log in to unmask] L. Randall WraySenior Scholar, Levy Economics InstitutePapers: https://urld= efense.proofpoint.com/v2/url?u=3Dhttp-3A__www.levyinstitute.org_publication= s_-3Fauth-3D287&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&= r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DyK12bMQoRB5rKIh11uhrRjL= KsVfmTBqlkPQ7BalwKpE&s=3DBfqT-sZWrBCogFU30TXJbvsC7bPJglWQimWnQDzryVw&e=3D=20 Professor of Economics, Bard College Emeritus Professor, University of Missouri-Kansas City Co-editor Journal of Post Keynesian Economics ISSN 0160-3477 (Print), 1557-7821 (Online) https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DyK12bMQoRB5rKIh11uhrR= jLKsVfmTBqlkPQ7BalwKpE&s=3DCv3ofLGEydIQtvHjW8kWBbFCeY0MZr14ezPEIm_vops&e=3D= =20 https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DyK12bMQoRB5rKIh11uhrR= jLKsVfmTBqlkPQ7BalwKpE&s=3DCv3ofLGEydIQtvHjW8kWBbFCeY0MZr14ezPEIm_vops&e=3D= =20 Recent Books: A Great Leap Forward: Heterodox Economic Policy for the 21st Century; Randa= ll Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22n= d January 2020;=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A_= _www.elsevier.com_books_a-2Dgreat-2Dleap-2Dforward_wray_978-2D0-2D12-2D8193= 80-2D8&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbuj= WNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DyK12bMQoRB5rKIh11uhrRjLKsVfmTBql= kPQ7BalwKpE&s=3DN-ImpUDvrqTBsGxveqxj6zWrpvHxh-ZfqkFXURQJgnE&e=3D=20 =C2=A0 Macroeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Watts;= Red Globe Press, Macmillan International; February 2019;=C2=A0https://urld= efense.proofpoint.com/v2/url?u=3Dhttps-3A__www.macmillanihe.com_page_detail= _Macroeconomics_-3FK-3D9781137610669&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeF= X_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DyK= 12bMQoRB5rKIh11uhrRjLKsVfmTBqlkPQ7BalwKpE&s=3D5JJUjwK6NP-XDobmGRSqbPQew69L_= eu8xcN3K4ULVEk&e=3D . =C2=A0 Why Minsky Matters: An Introduction to the work of a maverick economist,=C2= =A0Princeton University Presshttp://press.princeton.edu/titles/10575.html =C2=A0 Modern Money Theory: a primer on macroeconomics for sovereign=C2=A0monetary= systems, Palgrave Macmillan=C2=A0https://urldefense.proofpoint.com/v2/url?= u=3Dhttp-3A__www.palgrave.com_page_detail_modern-2Dmoney-2Dtheory-2Dl-2Dran= dall-2Dwray_-3Fisb-3D9781137539908&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_= rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DyK12= bMQoRB5rKIh11uhrRjLKsVfmTBqlkPQ7BalwKpE&s=3DzxAeo3wFxdVet0gQ84hH1kZb-sdtapK= hEiLmqcJLvgA&e=3D =C2=A0 =C2=A0 =C2=A0Please make note of my new email address as I will be transitioning a= ll email to:[log in to unmask] ------=_Part_48439_43031520.1586832206329 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable
My referenc= e to Huey Long was in part speculative.  However, I think the vested i= nterests used such movements as Long's to confuse the message stated in the= Omaha Platform.  Call me an radical but I thought their goals were re= asonable.  But I'm not as radical as Mitch McConnell and his right win= g Republicans are in Congress. 

If I read the Harper's article correctly that R= andy forwarded, the vested interests, including many Democrats, have tried = to conflate populists as the ignorant productive farmers we now need to fil= l our Food Banks.  We love our farmers, truck drivers, toilet paper ma= kers now.  The goal of the Goldman Sachs Tribe is not to increase the = commonwealth but to grab as much for themselves and their clients as possib= le.  As we we moved from workers to employees and now Associates and T= eam Members our disrespect for production workers continues.  

I am comfor= table being identified as a populist as an updated Omaha Platform person.&n= bsp; Let's identify populism ourselves rather letting the vested interests = do it.  

We have become a financial ec= onomy rather a production economy.  We can't even produce protection g= ear for our beloved health care team members.  

Glen             


=20
=20
On Monday, April 13, 2020, 12:35:20 PM PDT, Henry, John= <[log in to unmask]> wrote:


Glen raises a most important issue. Just when/how did "populism" change = from a progressive term to one associated with all the things we AFEEers de= plore? Huey Long may be a step in this development, but my recollection pla= ces the change in a very recent period. When I started to see it used significantly, maybe 20-25 years ago= , I thought that it was a misplaced reference to the real populists of the = late 1800's. But, no..... So, why this term used to describe white nationalists, anti-immigrant, relig= ious fanatics, etc.? Someone has had to have written to this specifically.&= nbsp;


John


P.S. AS much as I hate to admit, I did purchase Atkinson and Paschall&nb= sp;Law and Economics...., and actually read significant portions of the thing. For th= ose who haven't dipped their toes in these waters, I'd recommend they do so= . 


John F. Henry
Levy Economics Institute of Bard College

 

From: AFEEMAIL Di= scussion List <[log in to unmask]> on behalf of Glen Atkinson = <[log in to unmask]>
Sent: Sunday, April 12, 2020 12:58:27 PM
To: [log in to unmask]
Subject: Re: Lock-down reading
 
Thanks Randy.  I recommen= d reading the "The Omaha Platform -  The Launching of the Populist Par= ty"  that was adopted in 1892

They wanted to eliminate tarif= fs, which was a major source of funding of the the federal government, and = create a progressive income tax.  The other significant source of fede= ral revenue was land sales.  

The party wanted radical chang= es such as direct election of U.S. Senators and secret ballots.  They = stopped short of other radical policies such as national health insurance, = but they did want to eliminate private banks and the Cross of Gold.  We have been assisted to forget= all of this by the folks who opposed these measures and identify populism = with the likes of Huey Long.  What if we had adopted some the importan= t planks in the Omaha Platform?  Would it have stolen some of the appeal of the likes of Long?  We will never k= now, but it is worth considering.  The situation facing mid-western gr= ain farmers in the nineteenth century was quite different from the truly im= poverished southern farmers of the 1930s.  

The mid-western farmers were d= rawn into the mysterious price system system created by the wider market th= at was enabled by transcontinental railroads.  You will see some of th= eir gripes against the consequences of the railroads in the platform.  Forty acres and a mul= e would not help them.  SELF PROMOTION WARNING - See Atkinson and Pasc= hall "Law and Economics from an Evolutionary Perspective 2016" , pp. 31-33 = for a brief discussion of this development.   

It might be worth reading John= Steinbeck's novel, East of Eden along with Grapes of Wrath to appreciate t= he differences in agricultural communities.  Rosevile, CA became one t= he largest railroad yards in the nation because of the economic goal portrayed in East of Eden. = ; And it did become the largest  ice facility in the nation.  Ste= inbeck's talent was in connecting these major developments to people's live= s.  We do remember Tom Joad as iif he were a natural -not a corporation- person.  

At least let us agree on what = we mean when we reference populism.   

Glen

  
On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall <wrayr@um= kc.edu> wrote:


All of us probably need some good reads to cheer us up in what will be a= long lock-down. This is going to go on for months, maybe years, longer tha= n our pundits are now claiming. So hunker down and take a look at these upl= ifting pieces.


Here's one on the upside to the downsides: Prepare for the Ultimate Gaslighting* by Julio Vince= nt Gambuto

Message: fight the return to normalcy. This is our = opportunity to reflect on our unsustainable pre-crisis path.


A remarkable piece by Tom Frank: https://harpers.org/archive/2020/= 04/how-the-anti-populists-stopped-bernie-sanders/?fbclid=3DIwAR0-8Qu6vpr-QB= ytnw7r1o04e8j6Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs

You will recognize all the memes raised against Bernie over the past 4+ = years. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more= years of Trump.


Sit down before you read this one; scariest one I've seen:

 https://www.vox.com/2020/4/10/21215494/coronavirus-pl= ans-social-distancing-economy-recession-depression-unemployment


https://truthout.org/articles/ venture-capitalist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?= eType=3D EmailBlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf=  

maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail.


FINDING the MONEY Documentary Launch


Dear Randall
 
As you=E2=80=99ve hopefully heard, we are producing a documentary about th= e most important shift to hit politics and economics in decades: Modern Mon= etary Theory. And we are excited to announce the launch of our crowd-funding campaign as a crucial next step to bring t= he film to life!
 
Today we are launching the campaign, <= /span>website, and social media pages to share with the broad and diverse MMT community wi= th a goal of raising $15,000. All donations are tax deductible! Thanks to our fiscal sponsor = Filmmakers=E2=80=99 Collaborative SF.
 
As someone on the forefront of MMT, you know it is more relevant to the po= litical debate now than ever, with the urgency to respond to coronavirus an= d mitigate the economic consequences.
 
But you also know what a complex story this is. Politicians will not be th= e first ones to come out and explain to the public how government financing= and taxes actually work. The groundwork for this debate must be laid; that is the work many of you are doing today= , and that is the work of this documentary.
 
This campaign is important to show the size of the audience that is alread= y following and engaged with the MMT story, to show the potential for what = I know is a film that will have broad appeal, a story that will affect our daily lives, affect daily political d= ecisions, and affect the planet. Visit and share&n= bsp;our 
GoFundMe page!
 
Although $15k is not the full budget for the film, it will bring an editor= on board with the goal of completing a short film/work sample to release i= n September 2020. The film will then expand into a feature length form to give the full picture perspective of = the story, get to know the characters involved, the conflict and drama with= top tier economists, and explore fascinating examples from the past 5,000 = years of the history of money.
 
Please share our GoFundMe page, or reach out to your contacts individually. A $25, $50, or $100 tax-deduct= ible donation will go a long way in making this film a reality!
 
And please follow us on social media below to continue to connect the ever= -growing MMT community.
Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestion= s, or advice! I would love to hear from you!
I look forward to continuing on this journey with you.
 
Take care of each other, and all my best,
 
Maren Poitras
www.findingmoneyfilm.com
findingmoney= [log in to unmask]




L. Randall Wray
Senior Scholar, Levy Economics Instit= ute

Professor of Economics, Bard College

Emeritus Professor, University of Missouri-Kansas City

Co-editor Journal of Post Keynesian Economics
ISSN 0160-3477 (Print), 1557-7821 (Online) www.tandfonline.com/toc/mpke20/current
http://www.tandfonline.com/toc/mpke2= 0/current

Recent Books:

A = Great Leap Forward: Heterodox Economic Policy for the 21st Century; R= andall Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22nd January 2020; https://www.elsevier.com/books/a-great-leap-forward/wray/9= 78-0-12-819380-8

 = ;

Ma= croeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Wa= tts; Red Globe Press, Macmillan International; February 2019; https://www.macmillanihe.com/pa= ge/detail/Macroeconomics/?K=3D9781137610669.

&nbs= p;

W= hy Minsky Matters: An Introduction to the work of a maverick economist,&nbs= p;Princeton University Presshttp://press.prince= ton.edu/titles/10575.html

&nbs= p;

M= odern Money Theory: a primer on macroeconomics for sovereign monetary = systems, Palgrave Macmillan http://www.palgrave.com/page/detail/modern-money-theory-l-= randall-wray/?isb=3D9781137539908 

 



 
Please make note of my new email address as I will be= transitioning all email to:
------=_Part_48439_43031520.1586832206329-- ========================================================================= Date: Tue, 14 Apr 2020 07:13:39 +0000 Reply-To: AFEEMAIL Discussion List <[log in to unmask]> Sender: AFEEMAIL Discussion List <[log in to unmask]> From: James Forder <[log in to unmask]> Subject: Re: Lock-down reading In-Reply-To: <[log in to unmask]> Content-Type: multipart/related; boundary="_005_etPan5e9562a239862cf334eballioloxacuk_"; type="multipart/alternative" MIME-Version: 1.0 Message-ID: <[log in to unmask]> --_005_etPan5e9562a239862cf334eballioloxacuk_ Content-Type: multipart/alternative; boundary="_000_etPan5e9562a239862cf334eballioloxacuk_" --_000_etPan5e9562a239862cf334eballioloxacuk_ Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: Quoted-printable Possibly from British English? We did not have a =E2=80=98Populist Movement= =E2=80=99, and it feels to me as if, until I learned about yours as an unde= rgraduate, =E2=80=98populist=E2=80=99 in my mind had a clear and pretty una= mbiguous association with demagoguery and nationalism, and I thought of =E2= =80=98populism=E2=80=99 as a problem in mid-twentieth century Europe. Simil= arly, more recently eurosceptics are =E2=80=98populists=E2=80=99 for the ap= proach of overtly seeking to appeal to ordinary people *as opposed to* Euro= pean elites, the ECB etc. They are a mixed lot, but some of them are also d= istinctly and unpleasantly nationalistic. All this has made it seem very na= tural to me to think of certain prominent contemporary American leaders as = =E2=80=98populist=E2=80=99. best wishes James James Forder Andrew Graham Fellow and Tutor in Political Economy Balliol College, Oxford [cid:9746487A-6376-4600-A896-A5C1D4FE9021] Balliol College is a registered charity (No. 1144032) [cid:E82274C0-1452-4A2F-8AF7-FC93A7C1C42D] On 13 April 2020 at 20:35:10, Henry, John ([log in to unmask]) wrote: Glen raises a most important issue. Just when/how did "populism" change fro= m a progressive term to one associated with all the things we AFEEers deplo= re? Huey Long may be a step in this development, but my recollection places= the change in a very recent period. When I started to see it used signific= antly, maybe 20-25 years ago, I thought that it was a misplaced reference t= o the real populists of the late 1800's. But, no..... So, why this term use= d to describe white nationalists, anti-immigrant, religious fanatics, etc.?= Someone has had to have written to this specifically. John P.S. AS much as I hate to admit, I did purchase Atkinson and Paschall Law a= nd Economics...., and actually read significant portions of the thing. For = those who haven't dipped their toes in these waters, I'd recommend they do = so. John F. Henry Levy Economics Institute of Bard College Email: [log in to unmask] ________________________________ From: AFEEMAIL Discussion List <[log in to unmask]> on behalf of Gle= n Atkinson <[log in to unmask]> Sent: Sunday, April 12, 2020 12:58:27 PM To: [log in to unmask] Subject: Re: Lock-down reading Thanks Randy. I recommend reading the "The Omaha Platform - The Launching= of the Populist Party" that was adopted in 1892 They wanted to eliminate tariffs, which was a major source of funding of th= e the federal government, and create a progressive income tax. The other s= ignificant source of federal revenue was land sales. The party wanted radical changes such as direct election of U.S. Senators a= nd secret ballots. They stopped short of other radical policies such as na= tional health insurance, but they did want to eliminate private banks and t= he Cross of Gold. We have been assisted to forget all of this by the folks= who opposed these measures and identify populism with the likes of Huey Lo= ng. What if we had adopted some the important planks in the Omaha Platform= ? Would it have stolen some of the appeal of the likes of Long? We will n= ever know, but it is worth considering. The situation facing mid-western g= rain farmers in the nineteenth century was quite different from the truly i= mpoverished southern farmers of the 1930s. The mid-western farmers were drawn into the mysterious price system system = created by the wider market that was enabled by transcontinental railroads.= You will see some of their gripes against the consequences of the railroa= ds in the platform. Forty acres and a mule would not help them. SELF PROM= OTION WARNING - See Atkinson and Paschall "Law and Economics from an Evolut= ionary Perspective 2016" , pp. 31-33 for a brief discussion of this develop= ment. It might be worth reading John Steinbeck's novel, East of Eden along with G= rapes of Wrath to appreciate the differences in agricultural communities. = Rosevile, CA became one the largest railroad yards in the nation because of= the economic goal portrayed in East of Eden. And it did become the larges= t ice facility in the nation. Steinbeck's talent was in connecting these = major developments to people's lives. We do remember Tom Joad as iif he we= re a natural -not a corporation- person. At least let us agree on what we mean when we reference populism. Glen On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall <[log in to unmask]> = wrote: All of us probably need some good reads to cheer us up in what will be a lo= ng lock-down. This is going to go on for months, maybe years, longer than o= ur pundits are now claiming. So hunker down and take a look at these uplift= ing pieces. Here's one on the upside to the downsides: Prepare for the Ultimate Gasligh= ting* b= y Julio Vincent Gambuto Message: fight the return to normalcy. This is our opportunity to reflect o= n our unsustainable pre-crisis path. A remarkable piece by Tom Frank: https://urldefense.proofpoint.com/v2/url?u= =3Dhttps-3A__harpers.org_archive_2020_04_how-2Dthe-2Danti-2Dpopulists-2Dsto= pped-2Dbernie-2Dsanders_-3Ffbclid-3DIwAR0-2D8Qu6vpr-2DQBytnw7r1o04e8j6Ck2gM= k72Zyu5JUNs9FFFF4d1SMhqCSs&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlk= LF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DX8z7Y3oSoz6g= 63E3JNJadmRzZW2NnVRt6q3EUYYTzb0&s=3DVZ5pv9-XZEzDvGNYjvYrZkLIseYKuhg_m5GNCzD= j_vs&e=3D You will recognize all the memes raised against Bernie over the past 4+ yea= rs. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more ye= ars of Trump. Sit down before you read this one; scariest one I've seen: https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.vox.com_2020_4_= 10_21215494_coronavirus-2Dplans-2Dsocial-2Ddistancing-2Deconomy-2Drecession= -2Ddepression-2Dunemployment&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWh= lkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DX8z7Y3oSoz= 6g63E3JNJadmRzZW2NnVRt6q3EUYYTzb0&s=3D2EfCOv2aj2SDge_GN5rr0JXM0BhklCk6W384r= NEtX5E&e=3D https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__truthout.org_article= s_&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPd= bzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DX8z7Y3oSoz6g63E3JNJadmRzZW2NnVRt6q3E= UYYTzb0&s=3D25U7_nZkp7k5ExDA-VJbEjZar33C51WQzJ4JJueefwM&e=3D venture-capit= alist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?eType=3D Email= BlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail. Great interactive piece in the NYT on inequality: https://urldefense.proofp= oint.com/v2/url?u=3Dhttps-3A__www.nytimes.com_&d=3DDwIGaQ&c=3DCu5g146wZdoqV= uKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57Vs= NLQ&m=3DX8z7Y3oSoz6g63E3JNJadmRzZW2NnVRt6q3EUYYTzb0&s=3DLHKiv_5TY0dzeK02BNN= kPruZrqYZo4pTlKRu7z1Wntk&e=3D interactive/2020/04/10/ opinion/coronavirus-= us- economy-inequality.html? campaign_id=3D9&emc=3Dedit_NN_p_ 20200410&inst= ance_id=3D17527&nl=3D morning-briefing®i_id=3D 77048444§ion=3DtopNew= s& segment_id=3D24620&te=3D1&user_id=3D 7280463403816570666b094c605ab2 40 MMT in the Guardian: https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__amp.theguardian.com_= &d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbz= w6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DX8z7Y3oSoz6g63E3JNJadmRzZW2NnVRt6q3EUY= YTzb0&s=3DQJpR4BPqu38dHQMyObf8nAJDm1QFk1-78LhRpq0Fsy4&e=3D commentisfree/2= 020/apr/09/the- guardian-view-on-the-covid-19- fight-it-can-be-paid-for?__ = twitter_impression=3Dtrue In Wash Post https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.washingtonpost.c= om_opinions_so-2Dlong-2Dbalanced-2Dbudgets-2Deveryones-2Dinto-2Dendless-2Ds= pending-2Dnow_2020_04_07_1e2d49f2-2D78f5-2D11ea-2D9bee-2Dc5bf9d2e3288-5Fsto= ry.html&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbu= jWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DX8z7Y3oSoz6g63E3JNJadmRzZW2NnVR= t6q3EUYYTzb0&s=3DeY7LojSAb7UdOHljX4HjVtVJeVAGnKM6BnG6XtWd6ww&e=3D Could Mo= dern Monetary Theory rescue us from the Covid-19 economic crisis? Full News Link : https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www= .moneycontrol.com_&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-w= wo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DX8z7Y3oSoz6g63E3JNJa= dmRzZW2NnVRt6q3EUYYTzb0&s=3DaeoOKSXHJF_djA9S_GGSsdiVqqZPnnUm0Ae_NjijnuI&e= =3D news/business/markets/could- modern-monetary-theory-rescue- us-from-th= e-covid-19-economic- crisis-5061071.html/amp Your chance for crowd funding of an MMT Documentary FINDING the MONEY Documentary Launch Dear Randall As you=E2=80=99ve hopefully heard, we are producing a documentary about the= most important shift to hit politics and economics in decades: Modern Mone= tary Theory. And we are excited to announce the launch of our crowd-funding= campaign as a crucial next step to bring the film to life! Today we are launching the campaign, website, and social me= dia pages to share with the broad and diverse MMT community with a = goal of raising $15,000. All donations are tax deductible! Thanks to our fi= scal sponsor Filmmakers=E2=80=99 Collaborative SF. As someone on the forefront of MMT, you know it is more relevant to the pol= itical debate now than ever, with the urgency to respond to coronavirus and= mitigate the economic consequences. But you also know what a complex story this is. Politicians will not be the= first ones to come out and explain to the public how government financing = and taxes actually work. The groundwork for this debate must be laid; that = is the work many of you are doing today, and that is the work of this docum= entary. This campaign is important to show the size of the audience that is already= following and engaged with the MMT story, to show the potential for what I= know is a film that will have broad appeal, a story that will affect our d= aily lives, affect daily political decisions, and affect the planet. Visit = and share our GoFundMe page! Although $15k is not the full budget for the film, it will bring an editor = on board with the goal of completing a short film/work sample to release in= September 2020. The film will then expand into a feature length form to gi= ve the full picture perspective of the story, get to know the characters in= volved, the conflict and drama with top tier economists, and explore fascin= ating examples from the past 5,000 years of the history of money. Please share our GoFundMe page, or reach out to your contacts indiv= idually. A $25, $50, or $100 tax-deductible donation will go a long way in = making this film a reality! And please follow us on social media below to continue to connect the ever-= growing MMT community. Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestions= , or advice! I would love to hear from you! I look forward to continuing on this journey with you. Take care of each other, and all my best, Maren Poitras https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.findingmoneyfilm.= com&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNP= dbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DX8z7Y3oSoz6g63E3JNJadmRzZW2NnVRt6q3= EUYYTzb0&s=3DTd2hU52HSIxIAjHR_RPRND5CKn1t4c35WyI0sDsQSiY&e=3D [log in to unmask] L. Randall Wray Senior Scholar, Levy Economics Institute Papers: https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.levyinsti= tute.org_publications_-3Fauth-3D287&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX= _rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DX8z= 7Y3oSoz6g63E3JNJadmRzZW2NnVRt6q3EUYYTzb0&s=3D9aElN0DFFSiq0fELjgkhALl5HNsHLR= xNhQ27phTfOGo&e=3D Professor of Economics, Bard College Emeritus Professor, University of Missouri-Kansas City Co-editor Journal of Post Keynesian Economics ISSN 0160-3477 (Print), 1557-7821 (Online) https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DX8z7Y3oSoz6g63E3JNJad= mRzZW2NnVRt6q3EUYYTzb0&s=3Db5qUx-L_4bpkOK7AWttHsTY_d4uS1x7aHwOQ5P9j6yE&e=3D= =20 https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DX8z7Y3oSoz6g63E3JNJad= mRzZW2NnVRt6q3EUYYTzb0&s=3Db5qUx-L_4bpkOK7AWttHsTY_d4uS1x7aHwOQ5P9j6yE&e=3D= Recent Books: A Great Leap Forward: Heterodox Economic Policy for the 21st Century; Randa= ll Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22n= d January 2020; https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.= elsevier.com_books_a-2Dgreat-2Dleap-2Dforward_wray_978-2D0-2D12-2D819380-2D= 8&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdb= zw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DX8z7Y3oSoz6g63E3JNJadmRzZW2NnVRt6q3EU= YYTzb0&s=3Dx9K3Uo_5NbaRRjzPET_fWYACEZc6BtQZgcfDNjH0HOg&e=3D Macroeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Watts;= Red Globe Press, Macmillan International; February 2019; https://urldefens= e.proofpoint.com/v2/url?u=3Dhttps-3A__www.macmillanihe.com_page_detail_Macr= oeconomics_-3FK-3D9781137610669&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6= kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DX8z7Y3o= Soz6g63E3JNJadmRzZW2NnVRt6q3EUYYTzb0&s=3D5ZbT2l_M7u2QCAC3ZiUgJsLTqh3aqSx8d9= hOSgP9ogU&e=3D . Why Minsky Matters: An Introduction to the work of a maverick economist, Pr= inceton University Presshttp://press.princeton.edu/titles/10575.html Modern Money Theory: a primer on macroeconomics for sovereign monetary syst= ems, Palgrave Macmillan https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3= A__www.palgrave.com_page_detail_modern-2Dmoney-2Dtheory-2Dl-2Drandall-2Dwra= y_-3Fisb-3D9781137539908&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF= 8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DX8z7Y3oSoz6g63= E3JNJadmRzZW2NnVRt6q3EUYYTzb0&s=3Dcxg_RA9d5ISKE9u45D4FTxfxCHCdOgKgt4jzaYkgG= vo&e=3D Please make note of my new email address as I will be transitioning all ema= il to: [log in to unmask] --_000_etPan5e9562a239862cf334eballioloxacuk_ Content-Type: text/html; charset="utf-8" Content-ID: <[log in to unmask]> Content-Transfer-Encoding: base64 PGh0bWw+DQo8aGVhZD4NCjxtZXRhIGh0dHAtZXF1aXY9IkNvbnRlbnQtVHlwZSIgY29udGVudD0i 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qXEwLAAz+nAjCQHW6nIjHMIomwHkacSJi4Fbl78TcbmrmpYYiLzuWbgETIg43KUq+bzFaxLt6p4e vJa3K4YjvL4UwbgfDK4eTLxknLKWa3EIoMC1IACkmAEJkMJdWgFgp8Va64XOO3J8nMOKaywRYey3 DzB9UAqWL7rGhTx9W2dxt/txI/y5EPBxfjx+06fHgxvJN3sBuNp6jHyN47vHE3gAHhwRFeCRDkiK 02u5AcDFNwzGyMm8p4yk8UquuArAd7ythrzJU4qqCdDJoPyk+wgAwRwAcxcQADs= --_005_etPan5e9562a239862cf334eballioloxacuk_-- ========================================================================= Date: Tue, 14 Apr 2020 11:31:53 -0400 Reply-To: AFEEMAIL Discussion List <[log in to unmask]> Sender: AFEEMAIL Discussion List <[log in to unmask]> From: Bob Lucore <[log in to unmask]> Subject: Re: Lock-down reading In-Reply-To: <[log in to unmask]> Content-Type: multipart/alternative; boundary="000000000000ddc48c05a341e6fd" MIME-Version: 1.0 Message-ID: <[log in to unmask]> --000000000000ddc48c05a341e6fd Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: Quoted-printable On the question of populism and it's bastardization into something right-wing, my old friend Max Sawicky has had lots of good things to say. Here are some examples from an internet search: Is Trump a Populist? | Max B. Sawicky - The Baffler https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__thebaffler.com_lates= t_is-2Dtrump-2Da-2Dpopulist-2Dsawicky&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHe= FX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DF= IQ5fM08IxgTnw-m-Dk7J-W7jODr4h6SCxww7xkrtlk&s=3DxbMKLaxNy7Re1sD7CWki_caP2y5Z= IswPtwOrbxP0hVM&e=3D=20 Anonymous View Feb 15, 2017 ... Right-wingers cannot be populist. Rich people cannot be populist. Populism is the heart of ambitious left reformism, and it should be the future. Max Sawicky The American Prospect https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__prospect.org_topics_= max-2Dsawicky_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r= =3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7= jODr4h6SCxww7xkrtlk&s=3D3X8e_4ZUVnZKMqcqrlnGlcFo1k1GJRHnQEG0Rz9tpLE&e=3D=20 Anonymous View Max B. Sawicky is an economist for the Economic Policy Institute. ... the Dayton Daily News, In These Times, Challenge, the Progressive Populist, Dollars and ... Max B. Sawicky - Jacobin https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.jacobinmag.com_a= uthor_max-2Db-2Dsawicky&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8= Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-= m-Dk7J-W7jODr4h6SCxww7xkrtlk&s=3DadIGaa9sOm1WieQ9m4XPANGdONVfYZQMSSA6DairBE= Y&e=3D=20 Anonymous View Max B. Sawicky is an economist and writer in the wilds of Virginia. He has worked at the Government Accountability Office and the Economic Policy Institute. The Ultimate Problem With Libertarian Populism =E2=80=93 People's Policy ... https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.peoplespolicypro= ject.org_2017_12_14_the-2Dultimate-2Dproblem-2Dwith-2Dlibertarian-2Dpopulis= m_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPd= bzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7jODr4h6SCxww= 7xkrtlk&s=3DxqaVRW9pz-nQTg-CmBpMLW6NEDuw2VK1nKd1WM_0ing&e=3D=20 Anonymous View Dec 14, 2017 ... Max Sawicky wrote two pieces recently about the viability of a left strategy focused on opposing rent-seeking (I, II). The pieces conclude that this ... How Would a Populist Tax? : Democracy Journal https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__democracyjournal.org= _briefing-2Dbook_how-2Dwould-2Da-2Dpopulist-2Dtax_&d=3DDwIFaQ&c=3DCu5g146wZ= doqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy= 57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7jODr4h6SCxww7xkrtlk&s=3DXL7jJrNGbI9X96l= mHbStpkaSOnEvXfQdSObhnP139d8&e=3D=20 Anonymous View Spoiler alert: not like Trump. By Max B. Sawicky. from May 8, 2017, 2:24 pm =E2=80=93 9 MIN READ. Tagged InequalityPopulismRepublicansTaxesTrump Admini= stration. Max B. Sawicky | Economic Policy Institute https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.epi.org_people_m= ax-2Db-2Dsawicky_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J= -W7jODr4h6SCxww7xkrtlk&s=3DiixmGl6oJXW-GN5f6ttpZ4kDzG-chN428GV7lnU09XU&e=3D= =20 Anonymous View Sawicky is an economist and writer in Virginia. Search publications by Max B. Sawicky. By Content: ... Progressive Populist Essays https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.populist.com_ess= ays.html&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtb= ujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7jODr4h= 6SCxww7xkrtlk&s=3DXMM2CtFp1dsLpcqezTuR6zrtIo1NsLAycPbQMEnmueI&e=3D=20 Anonymous View Jim Cullen writes that a populist agenda is needed to recover the economy. ... Why Right Wingers Can't Be Populists, by Max Sawicky, from 4/14/04 issue The Inclusive Populism of Robert F. Kennedy https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__tcf.org_content_repo= rt_inclusive-2Dpopulism-2Drobert-2Df-2Dkennedy_&d=3DDwIFaQ&c=3DCu5g146wZdoq= VuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57V= sNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7jODr4h6SCxww7xkrtlk&s=3DBkcP7TI3YrKhu-lISl= YKKOUgDY40Xe3XJ2idFSXt8fI&e=3D=20 Anonymous View Mar 16, 2018 ... In short, he was a liberal without the elitism and a populist without the racism. ... As former Economic Policy Institute scholar Max Sawicky notes, ... Bob Lucore School of Information San Jos=C3=A9 State University [log in to unmask] On Tue, Apr 14, 2020 at 11:23 AM Glen Atkinson <[log in to unmask]> wrote: > My reference to Huey Long was in part speculative. However, I think the > vested interests used such movements as Long's to confuse the message > stated in the Omaha Platform. Call me an radical but I thought their goa= ls > were reasonable. But I'm not as radical as Mitch McConnell and his right > wing Republicans are in Congress. > > If I read the Harper's article correctly that Randy forwarded, the vested > interests, including many Democrats, have tried to conflate populists as > the ignorant productive farmers we now need to fill our Food Banks. We > love our farmers, truck drivers, toilet paper makers now. The goal of the > Goldman Sachs Tribe is not to increase the commonwealth but to grab as mu= ch > for themselves and their clients as possible. As we we moved from workers > to employees and now Associates and Team Members our disrespect for > production workers continues. > > I am comfortable being identified as a populist as an updated Omaha > Platform person. Let's identify populism ourselves rather letting the > vested interests do it. > > We have become a financial economy rather a production economy. We can't > even produce protection gear for our beloved health care team members. > > Glen > > > On Monday, April 13, 2020, 12:35:20 PM PDT, Henry, John <[log in to unmask]> > wrote: > > > Glen raises a most important issue. Just when/how did "populism" change > from a progressive term to one associated with all the things we AFEEers > deplore? Huey Long may be a step in this development, but my recollection > places the change in a very recent period. When I started to see it used > significantly, maybe 20-25 years ago, I thought that it was a misplaced > reference to the real populists of the late 1800's. But, no..... So, why > *this* term used to describe white nationalists, anti-immigrant, > religious fanatics, etc.? Someone has had to have written to this > specifically. > > > John > > > P.S. AS much as I hate to admit, I did purchase Atkinson and Paschall *Law > and Economics...., *and actually read significant portions of the thing. = For > those who haven't dipped their toes in these waters, I'd recommend they do > so. > > > John F. Henry > Levy Economics Institute of Bard College > > > Email: [log in to unmask] > ------------------------------ > *From:* AFEEMAIL Discussion List <[log in to unmask]> on behalf of > Glen Atkinson <[log in to unmask]> > *Sent:* Sunday, April 12, 2020 12:58:27 PM > *To:* [log in to unmask] > *Subject:* Re: Lock-down reading > > Thanks Randy. I recommend reading the "The Omaha Platform - The > Launching of the Populist Party" that was adopted in 1892 > > They wanted to eliminate tariffs, which was a major source of funding of > the the federal government, and create a progressive income tax. The oth= er > significant source of federal revenue was land sales. > > The party wanted radical changes such as direct election of U.S. Senators > and secret ballots. They stopped short of other radical policies such as > national health insurance, but they did want to eliminate private banks a= nd > the Cross of Gold. We have been assisted to forget all of this by the > folks who opposed these measures and identify populism with the likes of > Huey Long. What if we had adopted some the important planks in the Omaha > Platform? Would it have stolen some of the appeal of the likes of Long? > We will never know, but it is worth considering. The situation facing > mid-western grain farmers in the nineteenth century was quite different > from the truly impoverished southern farmers of the 1930s. > > The mid-western farmers were drawn into the mysterious price system system > created by the wider market that was enabled by transcontinental > railroads. You will see some of their gripes against the consequences of > the railroads in the platform. Forty acres and a mule would not help > them. SELF PROMOTION WARNING - See Atkinson and Paschall "Law and > Economics from an Evolutionary Perspective 2016" , pp. 31-33 for a brief > discussion of this development. > > It might be worth reading John Steinbeck's novel, East of Eden along with > Grapes of Wrath to appreciate the differences in agricultural communities. > Rosevile, CA became one the largest railroad yards in the nation because = of > the economic goal portrayed in East of Eden. And it did become the > largest ice facility in the nation. Steinbeck's talent was in connecting > these major developments to people's lives. We do remember Tom Joad as i= if > he were a natural -not a corporation- person. > > At least let us agree on what we mean when we reference populism. > > Glen > > > On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall <[log in to unmask]> > wrote: > > > All of us probably need some good reads to cheer us up in what will be a > long lock-down. This is going to go on for months, maybe years, longer th= an > our pundits are now claiming. So hunker down and take a look at these > uplifting pieces. > > > Here's one on the upside to the downsides: Prepare for the Ultimate > Gaslighting* > by > Julio Vincent Gambuto > > Message: fight the return to normalcy. This is our opportunity to reflect > on our unsustainable pre-crisis path. > > > A remarkable piece by Tom Frank: > https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__harpers.org_archiv= e_2020_04_how-2Dthe-2Danti-2Dpopulists-2Dstopped-2Dbernie-2Dsanders_-3Ffbcl= id-3DIwAR0-2D8Qu6vpr-2DQBytnw7r1o04e8j6Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs&d=3D= DwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8e= q9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7jODr4h6SCxww7xkrtlk= &s=3D3JPGwUv4bRbOok6hxftq5Lc-XlEcau3SdX7qvL59Hmg&e=3D=20 > > > You will recognize all the memes raised against Bernie over the past 4+ > years. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 mo= re > years of Trump. > > > Sit down before you read this one; scariest one I've seen: > > > https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.vox.com_2020_4= _10_21215494_coronavirus-2Dplans-2Dsocial-2Ddistancing-2Deconomy-2Drecessio= n-2Ddepression-2Dunemployment&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kW= hlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08I= xgTnw-m-Dk7J-W7jODr4h6SCxww7xkrtlk&s=3DgkaKifiUHQldFnEhcYjxg6x3A9CZyQ0cEmSu= toJM4xU&e=3D=20 > > > > https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__truthout.org_artic= les_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWN= Pdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7jODr4h6SCx= ww7xkrtlk&s=3D2s_zillVjX1rq3hPS3zHOy7SHU9Rn6TT9K6Jj7Jh9cA&e=3D venture-cap= italist-stuns-cnbc- > by-saying-we-should-let-hedge- funds-fail/?eType=3D EmailBlastContent&eId= =3D > f85f10a9-b749-4087-a67f- 8c0c97db6ecf > > > maybe a bit pollyannaish but any big firm with a viable business plan > would survive bankruptcy so he's right; the bailout alternative is really > for firms with no reason for existence. Let them all fail. > > Great interactive piece in the NYT on inequality: https://urldefense.proo= fpoint.com/v2/url?u=3Dhttps-3A__www.nytimes.com_&d=3DDwIFaQ&c=3DCu5g146wZdo= qVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57= VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7jODr4h6SCxww7xkrtlk&s=3DdALAFeBTfEs36N-W2= jOT69QleUNvL3YPvuTzc9oncTU&e=3D=20 > interactive/2020/04/10/ opinion/coronavirus-us- economy-inequality.html? > campaign_id=3D9&emc=3Dedit_NN_p_ 20200410&instance_id=3D17527&nl=3D > morning-briefing®i_id=3D 77048444§ion=3DtopNews& > segment_id=3D24620&te=3D1&user_id=3D 7280463403816570666b094c605ab2 40 > > > > MMT in the Guardian: > https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__amp.theguardian.co= m_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPd= bzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7jODr4h6SCxww= 7xkrtlk&s=3DL37NWm3k_zJxkO1-2baXAs7A0VSgwgwmYweCX2x7IJU&e=3D commentisfree= /2020/apr/09/the- > guardian-view-on-the-covid-19- fight-it-can-be-paid-for?__ > twitter_impression=3Dtrue > > > In Wash Post > > https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.washingtonpost= .com_opinions_so-2Dlong-2Dbalanced-2Dbudgets-2Deveryones-2Dinto-2Dendless-2= Dspending-2Dnow_2020_04_07_1e2d49f2-2D78f5-2D11ea-2D9bee-2Dc5bf9d2e3288-5Fs= tory.html&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLt= bujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7jODr4= h6SCxww7xkrtlk&s=3DgoBWWByfQGvmo38daW_zoeVAMVaURujWLS-PllfWfSU&e=3D=20 > > > > Could > Modern Monetary Theory rescue us from the Covid-19 economic crisis? > > > Full News Link : https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__w= ww.moneycontrol.com_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft= -wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-D= k7J-W7jODr4h6SCxww7xkrtlk&s=3DF8bW1DsTn9yfzKBxI41UcdGumroV1Xyx_VcEydoGuP8&e= =3D=20 > news/business/markets/could- modern-monetary-theory-rescue- > us-from-the-covid-19-economic- crisis-5061071.html/amp > > > > > Your chance for crowd funding of an MMT Documentary > > FINDING the MONEY Documentary Launch > Dear Randall > > As you=E2=80=99ve hopefully heard, we are producing a documentary about t= he most > important shift to hit politics and economics in decades: Modern Monetary > Theory. And we are excited to announce the launch of our crowd-funding > campaign as a crucial next step to bring the film to life! > > Today we are launching the campaign > > , website > , > and social media > pages > to share with the broad and diverse MMT community with a goal of raising > $15,000.* All donations are tax deductible!* Thanks to our fiscal sponsor > Filmmakers=E2=80=99 Collaborative SF. > > As someone on the forefront of MMT, you know it is more relevant to the > political debate now than ever, with the urgency to respond to coronavirus > and mitigate the economic consequences. > > But you also know what a complex story this is. Politicians will not be > the first ones to come out and explain to the public how government > financing and taxes actually work. The groundwork for this debate must be > laid; that is the work many of you are doing today, and that is the work = of > this documentary. > > This campaign is important to show the size of the audience that is > already following and engaged with the MMT story, to show the potential f= or > what I know is a film that will have broad appeal, a story that will affe= ct > our daily lives, affect daily political decisions, and affect the planet. > Visit and *share* our GoFundMe > > page! > > Although $15k is not the full budget for the film, it will bring an editor > on board with the goal of completing a short film/work sample to release = in > September 2020. The film will then expand into a feature length form to > give the full picture perspective of the story, get to know the characters > involved, the conflict and drama with top tier economists, and explore > fascinating examples from the past 5,000 years of the history of money. > > Please* share *our GoFundMe > page, > or reach out to your contacts individually. A $25, $50, or $100 > tax-deductible donation will go a long way in making this film a reality! > > And please follow us on social media below to continue to connect the > ever-growing MMT community. > Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestio= ns, or > advice! I would love to hear from you! > I look forward to continuing on this journey with you. > > Take care of each other, and all my best, > > Maren Poitras > https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.findingmoneyfil= m.com&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujW= NPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7jODr4h6SC= xww7xkrtlk&s=3Db3dScTrW4mqysahnBIkt5t7LS6mAxGSkm6bn0kUt9OQ&e=3D=20 > > [log in to unmask] > > > > > L. Randall Wray > Senior Scholar, Levy Economics Institute > Papers: https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.levyins= titute.org_publications_-3Fauth-3D287&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHe= FX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DF= IQ5fM08IxgTnw-m-Dk7J-W7jODr4h6SCxww7xkrtlk&s=3D1v51nJSHQfV-p_6CxfYYcspweEiq= kTgEbhmEgmA3ZkQ&e=3D=20 > > > Professor of Economics, Bard College > > > Emeritus > Professor, University of Missouri-Kansas City > > Co-editor *Journal of Post Keynesian Economics* > ISSN 0160-3477 (Print), 1557-7821 (Online) > https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com= _toc_mpke20_current&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-= wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk= 7J-W7jODr4h6SCxww7xkrtlk&s=3Do5Xh1cEvEVUmGkcwSNJqnsFPt4nYpN3cqAOlIFDaTsU&e= =3D=20 > https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com= _toc_mpke20_current&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-= wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk= 7J-W7jODr4h6SCxww7xkrtlk&s=3Do5Xh1cEvEVUmGkcwSNJqnsFPt4nYpN3cqAOlIFDaTsU&e= =3D=20 > > > > > > Recent Books: > > *A Great Leap Forward: Heterodox Economic Policy for the 21st Century*; > Randall Wray; Paperback ISBN: 9780128193808; Academic Press; Published > Date: 22nd January 2020; > https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.elsevier.com_b= ooks_a-2Dgreat-2Dleap-2Dforward_wray_978-2D0-2D12-2D819380-2D8&d=3DDwIFaQ&c= =3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMB= ctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7jODr4h6SCxww7xkrtlk&s=3D8Th= wLszAzX_zkfwQf5PVliWMCrBLC3fS79WgnSwwVrE&e=3D=20 > > > > > *Macroeconomics*; Author(s): William Mitchell, L. Randall Wray, Martin > Watts; Red Globe Press, Macmillan International; February 2019; > https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.macmillanihe.c= om_page_detail_Macroeconomics_-3FK-3D9781137610669&d=3DDwIFaQ&c=3DCu5g146wZ= doqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy= 57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7jODr4h6SCxww7xkrtlk&s=3DkGiJJoXNJ4TA76q= 96tdcMtx-BkM0EFtntTpVxtwS0eg&e=3D=20 > > . > > > > *Why Minsky Matters: An Introduction to the work of a maverick economist,= *Princeton > University Presshttp://press.princeton.edu/titles/10575.html > > > > > *Modern Money Theory: a primer on macroeconomics for sovereign monetary > systems*, Palgrave Macmillan > https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.palgrave.com_pa= ge_detail_modern-2Dmoney-2Dtheory-2Dl-2Drandall-2Dwray_-3Fisb-3D97811375399= 08&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPd= bzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7jODr4h6SCxww= 7xkrtlk&s=3Dhux6T_c-FDqyfRl9QdoGMzATSJK3ttHxAAGTT8mvAJo&e=3D=20 > > > > > > > > Please make note of my new email address as I will be transitioning all > email to: > [log in to unmask] > --000000000000ddc48c05a341e6fd Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: Quoted-printable
On the question of populism and it's bastardization into something r= ight-wing, my old friend Max Sawicky has had lots of good things to say.Here are some examples from an internet search:

Is Trump a Populist? | Max B. Sawicky - The Baffler

Feb 15, 2017 ... Right-wingers cannot be populist. Rich= people cannot be populist. Populism is the heart of ambitious left reformi= sm, and it should be the future.

Max Sawicky The American Prosp= ect

Max B. Sawicky is an economist for the E= conomic Policy Institute. ... the Dayton Daily News, In These Times, Challe= nge, the Progressive Populist, Dollars and=C2=A0...

Ma= x B. Sawicky - Jacobin

https://www.jacobinmag.com/author/max-b-sawickyAnonymous View<= /div>

Max B. Sawicky is an economist and writer in the wilds of Virginia. = He has worked at the Government Accountability Office and the Economic Poli= cy Institute.

The Ultimate Problem With Libertarian Populism =E2=80=93 Pe= ople's Policy ...

Dec 14, 2017 ... Max Sawick= y wrote two pieces recently about the viability of a left strategy focused = on opposing rent-seeking (I, II). The pieces conclude that this=C2=A0...

How Would a Populist Tax? : D= emocracy Journal

Spoiler alert: not like Trump. By Max B. Sa= wicky. from May 8, 2017, 2:24 pm =E2=80=93 9 MIN READ. Tagged InequalityPop= ulismRepublicansTaxesTrump Administration.

Max B. Sawicky | = Economic Policy Institute

Sawicky is an econ= omist and writer in Virginia. Search publications by Max B. Sawicky. By Con= tent:=C2=A0...

<= a class=3D"gmail-w-gl__result-title" href=3D"https://urldefense.proofpoint.= com/v2/url?u=3Dhttps-3A__www.populist.com_essays.html&d=3DDwMFaQ&c= =3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-R= JVMBctp9ndCoqGEy57VsNLQ&m=3DFIQ5fM08IxgTnw-m-Dk7J-W7jODr4h6SCxww7xkrtlk= &s=3DXMM2CtFp1dsLpcqezTuR6zrtIo1NsLAycPbQMEnmueI&e=3D" target=3D"_b= lank" rel=3D"noopener noreferrer" style=3D"box-sizing:inherit;background-co= lor:transparent;color:rgb(129,58,148);text-decoration-line:none">

Progressive Populist Essays

Jim Cullen writes that a populi= st agenda is needed to recover the economy. ... Why Right Wingers Can't= Be Populists, by Max Sawicky, from 4/14/04 issue


On Tue, Apr 14= , 2020 at 11:23 AM Glen Atkinson <[log in to unmask]> wrote:
My reference to Huey Long was in = part speculative.=C2=A0 However, I think the vested interests used such mov= ements as Long's to confuse the message stated in the Omaha Platform.= =C2=A0 Call me an radical but I thought their goals were reasonable.=C2=A0 = But I'm not as radical as Mitch McConnell and his right wing Republican= s are in Congress.=C2=A0

=
If I read the Harper's a= rticle correctly that Randy forwarded, the vested interests, including many= Democrats, have tried to conflate populists as the ignorant productive far= mers we now need to fill our Food Banks.=C2=A0 We love our farmers, truck d= rivers, toilet paper makers now.=C2=A0 The goal of the Goldman Sachs Tribe = is not to increase the commonwealth but to grab as much for themselves and = their clients as possible.=C2=A0 As we we moved from workers to employees a= nd now Associates and Team Members our disrespect for production workers co= ntinues.=C2=A0=C2=A0

I am comfortable being identifie= d as a populist as an updated Omaha Platform person.=C2=A0 Let's identi= fy populism ourselves rather letting the vested interests do it.=C2=A0=C2= =A0

We have become a = financial economy rather a production economy.=C2=A0 We can't even prod= uce protection gear for our beloved health care team members.=C2=A0=C2=A0

Glen=C2=A0 =C2=A0 =C2= =A0 =C2=A0 =C2=A0 =C2=A0 =C2=A0


=20=20=20=20=20=20=20=20
=20=20=20=20=20=20=20=20=20=20=20=20=20=20=20=20
On Monday, April 13, 2020, 12:35:20 PM PDT, Henry, John= <[log in to unmask] > wrote:


<= div>

Glen raises a most important issue. Just when/how did "populism&quo= t; change from a progressive term to one associated with all the things we = AFEEers deplore? Huey Long may be a step in this development, but my recoll= ection places the change in a very recent period. When I started to see it used significantly, maybe 20-25 years ago= , I thought that it was a misplaced reference to the real populists of the = late 1800's. But, no..... So, why this term used to describe white nationalists, anti-immigrant, relig= ious fanatics, etc.? Someone has had to have written to this specifically.= =C2=A0


John


P.S. AS much as I hate to admit, I did purchase Atkinson and Paschall=C2= =A0Law and Economics...., and actually read significant portions of the thing.=C2=A0For th= ose who haven't dipped their toes in these waters, I'd recommend th= ey do so.=C2=A0


John F. Henry
Levy Economics Institute of Bard= College

=C2=A0

From= : AFEEMAIL Discussion List <[log in to unmask]> on behalf of Glen = Atkinson <[log in to unmask]>
Sent: Sunday, April 12, 2020 12:58:27 PM
To: A= [log in to unmask]
Subject: Re: Lock-down reading
=C2=A0
Thanks Randy.=C2=A0 I recommend reading t= he "The Omaha Platform -=C2=A0 The Launching of the Populist Party&quo= t;=C2=A0 that was adopted in 1892

They wanted to eliminate tariffs, which w= as a major source of funding of the the federal government, and create a pr= ogressive income tax.=C2=A0 The other significant source of federal revenue= was land sales.=C2=A0=C2=A0

The party wanted radical changes such as = direct election of U.S. Senators and secret ballots.=C2=A0 They stopped sho= rt of other radical policies such as national health insurance, but they di= d want to eliminate private banks and the Cross of Gold.=C2=A0 We have been assisted to forget= all of this by the folks who opposed these measures and identify populism = with the likes of Huey Long.=C2=A0 What if we had adopted some the importan= t planks in the Omaha Platform?=C2=A0 Would it have stolen some of the appeal of the likes of Long?=C2=A0 We will never k= now, but it is worth considering.=C2=A0 The situation facing mid-western gr= ain farmers in the nineteenth century was quite different from the truly im= poverished southern farmers of the 1930s.=C2=A0=C2=A0

The mid-western farmers were drawn into t= he mysterious price system system created by the wider market that was enab= led by transcontinental railroads.=C2=A0 You will see some of their gripes = against the consequences of the railroads in the platform.=C2=A0 Forty acres and a mul= e would not help them.=C2=A0 SELF PROMOTION WARNING - See Atkinson and Pasc= hall "Law and Economics from an Evolutionary Perspective 2016" , = pp. 31-33 for a brief discussion of this development.=C2=A0 =C2=A0

It might be worth reading John Steinbeck&= #39;s novel, East of Eden along with Grapes of Wrath to appreciate the diff= erences in agricultural communities.=C2=A0 Rosevile, CA became one the larg= est railroad yards in the nation because of the economic goal portrayed in East of Eden.=C2= =A0 And it did become the largest=C2=A0 ice facility in the nation.=C2=A0 S= teinbeck's talent was in connecting these major developments to people&= #39;s lives.=C2=A0 We do remember Tom Joad as iif he were a natural -not a corporation- person.=C2=A0=C2=A0

At least let us agree on what we mean whe= n we reference populism.=C2=A0 =C2=A0

Glen

=C2=A0=C2=A0
On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall <[log in to unmask]> wrote:


All of us probably need some good reads to cheer us up in what will be a= long lock-down. This is going to go on for months, maybe years, longer tha= n our pundits are now claiming. So hunker down and take a look at these upl= ifting pieces.


Here's one on the upside to the downsides:=C2=A0Prepare for the Ultimate Gaslighting*=C2=A0by Julio Vincent Ga= mbuto

Message: fight the return to normalcy. This is our oppor= tunity to reflect on our unsustainable pre-crisis path.


A remarkable piece by Tom Frank:=C2=A0https://harpers.org/archive/2020/04/how-the-an= ti-populists-stopped-bernie-sanders/?fbclid=3DIwAR0-8Qu6vpr-QBytnw7r1o04e8j= 6Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs

You will recognize all the memes raised against Bernie over the past 4+ = years. It's Deja Vu all over again. Oh well, we've got Biden. Right= . 4 more years of Trump.


Sit down before you read this=C2=A0one; scariest one I've seen:

=C2=A0https://www.vox.com/2020/4/10/21215494/coronavirus-plans-soci= al-distancing-economy-recession-depression-unemployment


https://truthout.org/articles/ venture-capitalist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?= eType=3D EmailBlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf= =C2=A0

maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really fo= r firms with no reason for existence. Let them all fail.


MMT in the Guardian:=C2=A0

In Wash Post

FINDING the MONEY Documentary Launch


De= ar Randall
= =C2=A0
As= you=E2=80=99ve hopefully heard, we are producing a documentary about the m= ost important shift to hit politics and economics in decades: Modern Moneta= ry Theory. And we are excited to announce the launch of our crowd-funding campaign as a crucial next step to bring t= he film to life!
= =C2=A0
To= day we are launching the=C2=A0campaign,=C2=A0website, and=C2=A0social media=C2=A0pages to share with the broad and diverse MMT community with = a goal of raising $15,000.=C2=A0All donations are tax deductible!=C2=A0Thanks to our fiscal sponsor Fil= mmakers=E2=80=99 Collaborative SF.
= =C2=A0
As= someone on the forefront of MMT, you know it is more relevant to the polit= ical debate now than ever, with the urgency to respond to coronavirus and m= itigate the economic consequences.
= =C2=A0
Bu= t you also know what a complex story this is. Politicians will not be the f= irst ones to come out and explain to the public how government financing an= d taxes actually work. The groundwork for this debate must be laid; that is the work many of you are doing today= , and that is the work of this documentary.
= =C2=A0
Th= is campaign is important to show the size of the audience that is already f= ollowing and engaged with the MMT story, to show the potential for what I k= now is a film that will have broad appeal, a story that will affect our daily lives, affect daily political d= ecisions, and affect the planet. Visit and=C2=A0share=C2=A0ou= r=C2=A0GoFundMe=C2=A0page!
= =C2=A0
Al= though $15k is not the full budget for the film, it will bring an editor on= board with the goal of completing a short film/work sample to release in S= eptember 2020. The film will then expand into a feature length form to give the full picture perspective of = the story, get to know the characters involved, the conflict and drama with= top tier economists, and explore fascinating examples from the past 5,000 = years of the history of money.
= =C2=A0
Pl= ease=C2=A0share=C2=A0our=C2=A0GoFundMe<= span style=3D"color:rgb(32,32,32);font-family:Helvetica;font-size:16px">=C2= =A0page, or reach out to your contacts individually. A $25, $50, or $100 tax-deduct= ible donation will go a long way in making this film a reality!
= =C2=A0
An= d please follow us on social media below to continue to connect the ever-gr= owing MMT community.
Do= n=E2=80=99t hesitate to be in touch if you have any thoughts, suggestions, = or advice! I would love to hear from you!
I = look forward to continuing on this journey with you.
= =C2=A0
Ta= ke care of each other, and all my best,
= =C2=A0
Ma= ren Poitras
www.findingmoneyfilm.com
[log in to unmask]




L. Randall Wray
Senior Scholar, Levy Economics Instit= ute

Professor of Economics, Bard College

Emeritus Professor, University of Missouri-Kansas City

Co-editor Journal of Post Keynesian Economics
ISSN 0160-3477 (Print), 1557-7821 (Online) www.tandfonline.com/= toc/mpke20/current
http://ww= w.tandfonline.com/toc/mpke20/current

Recent Books:

A Great Leap Forward: Heterodox Economic Policy for the 21st C= entury; Randall Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22nd January 2020;=C2=A0https://www.elsevier.com/books/a= -great-leap-forward/wray/978-0-12-819380-8

=C2=A0

Macroeconomics; Author(s): William Mitche= ll, L. Randall Wray, Martin Watts; Red Globe Press, Macmillan International; February 2019;=C2=A0https= ://www.macmillanihe.com/page/detail/Macroeconomics/?K=3D9781137610669.

= =C2=A0

Why Minsky Matters: An Introduction to the work of a maverick economist,= =C2=A0Princeton University Presshttp://press.princeton.edu/titles/10575.html

= =C2=A0

Modern Money Theory: a primer on macroeconomics for sovereign=C2=A0moneta= ry systems, Palgrave Macmillan=C2=A0http://www.palgrave.com/p= age/detail/modern-money-theory-l-randall-wray/?isb=3D9781137539908=C2=A0

=C2=A0



=C2=A0
Please make note of my new email address as I will be= transitioning all email to:
--000000000000ddc48c05a341e6fd-- ========================================================================= Date: Tue, 14 Apr 2020 16:07:12 +0000 Reply-To: BILL and PAULY DUGGER <[log in to unmask]> Sender: AFEEMAIL Discussion List <[log in to unmask]> From: BILL and PAULY DUGGER <[log in to unmask]> Subject: Re: Lock-down reading In-Reply-To: <[log in to unmask]> Content-Type: multipart/alternative; boundary="----=_Part_244805_919751090.1586880432528" MIME-Version: 1.0 Message-ID: <[log in to unmask]> ------=_Part_244805_919751090.1586880432528 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: Quoted-printable Re U.S. Populism, Huey Long and Short-Run Realities Dear Gentle Colleagues: Huey Long was a great egalitarian who was able to popularize the democratic= ideas of wealth redistribution ("Share the Wealth!") and abundance for all= ("A Chicken in Every Pot!"). Quite frankly, he scared the shit out of the = establishment democrats and liberals on the make of his time. Sadly enough,= he had to push his egalitarian ideas in a country burdened with diabolical= institutions from its bloody past (classism, racism, sexism, jingoism, hom= ophobia, religious intolerance and much else). He chose classism as his ene= my and gave it his best shot. Nevertheless, in some sense he could be said = to have signed=C2=A0 cease-fire agreements with his other enemies.=C2=A0 Ev= en FDR had some tacit cease-fire agreements that do not look so progressive= in the cold light of historical hindsight. I say, "Rest In Peace" to the K= ingfish and FDR. Now it is our turn with Joe Biden. Beat Trump in November. --Bill William M. Dugger Professor Emeritus of Economics=20 On Tuesday, April 14, 2020, 10:25:28 AM CDT, Glen Atkinson [log in to unmask]> wrote:=20=20 =20 My reference to Huey Long was in part speculative.=C2=A0 However, I think= the vested interests used such movements as Long's to confuse the message = stated in the Omaha Platform.=C2=A0 Call me an radical but I thought their = goals were reasonable.=C2=A0 But I'm not as radical as Mitch McConnell and = his right wing Republicans are in Congress.=C2=A0 If I read the Harper's article correctly that Randy forwarded, the vested i= nterests, including many Democrats, have tried to conflate populists as the= ignorant productive farmers we now need to fill our Food Banks.=C2=A0 We l= ove our farmers, truck drivers, toilet paper makers now.=C2=A0 The goal of = the Goldman Sachs Tribe is not to increase the commonwealth but to grab as = much for themselves and their clients as possible.=C2=A0 As we we moved fro= m workers to employees and now Associates and Team Members our disrespect f= or production workers continues.=C2=A0=C2=A0 I am comfortable being identified as a populist as an updated Omaha Platfor= m person.=C2=A0 Let's identify populism ourselves rather letting the vested= interests do it.=C2=A0=C2=A0 We have become a financial economy rather a production economy.=C2=A0 We ca= n't even produce protection gear for our beloved health care team members.= =C2=A0=C2=A0 Glen=C2=A0 =C2=A0 =C2=A0 =C2=A0 =C2=A0 =C2=A0 =C2=A0 On Monday, April 13, 2020, 12:35:20 PM PDT, Henry, John <[log in to unmask] du> wrote:=20=20 =20 =20 Glen raises a most important issue. Just when/how did "populism" change fro= m a progressive term to one associated with all the things we AFEEers deplo= re? Huey Long may be a step in this development, but my recollection places= the change in a very recent period. When I started to see it used signific= antly, maybe 20-25 years ago, I thought that it was a misplaced reference t= o the real populists of the late 1800's. But, no..... So, whythis term used= to describe white nationalists, anti-immigrant, religious fanatics, etc.? = Someone has had to have written to this specifically.=C2=A0 John P.S. AS much as I hate to admit, I did purchase Atkinson and Paschall=C2=A0= Law and Economics....,and actually read significant portions of the thing.= =C2=A0For those who haven't dipped their toes in these waters, I'd recommen= d they do so.=C2=A0 John F. HenryLevy Economics Institute of Bard College =C2=A0Email: [log in to unmask]: AFEEMAIL Discussion List on behalf of Glen Atkinson <[log in to unmask]> Sent: Sunday, April 12, 2020 12:58:27 PM To: [log in to unmask] Subject: Re: Lock-down reading=C2=A0Thanks Randy.=C2=A0 I recommend reading= the "The Omaha Platform -=C2=A0 The Launching of the Populist Party"=C2=A0= that was adopted in 1892 They wanted to eliminate tariffs, which was a major source of funding of th= e the federal government, and create a progressive income tax.=C2=A0 The ot= her significant source of federal revenue was land sales.=C2=A0=C2=A0 The party wanted radical changes such as direct election of U.S. Senators a= nd secret ballots.=C2=A0 They stopped short of other radical policies such = as national health insurance, but they did want to eliminate private banks = and the Cross of Gold.=C2=A0 We have been assisted to forget all of this by= the folks who opposed these measures and identify populism with the likes = of Huey Long.=C2=A0 What if we had adopted some the important planks in the= Omaha Platform?=C2=A0 Would it have stolen some of the appeal of the likes= of Long?=C2=A0 We will never know, but it is worth considering.=C2=A0 The = situation facing mid-western grain farmers in the nineteenth century was qu= ite different from the truly impoverished southern farmers of the 1930s.=C2= =A0=C2=A0 The mid-western farmers were drawn into the mysterious price system system = created by the wider market that was enabled by transcontinental railroads.= =C2=A0 You will see some of their gripes against the consequences of the ra= ilroads in the platform.=C2=A0 Forty acres and a mule would not help them.= =C2=A0 SELF PROMOTION WARNING - See Atkinson and Paschall "Law and Economic= s from an Evolutionary Perspective 2016" , pp. 31-33 for a brief discussion= of this development.=C2=A0 =C2=A0 It might be worth reading John Steinbeck's novel, East of Eden along with G= rapes of Wrath to appreciate the differences in agricultural communities.= =C2=A0 Rosevile, CA became one the largest railroad yards in the nation bec= ause of the economic goal portrayed in East of Eden.=C2=A0 And it did becom= e the largest=C2=A0 ice facility in the nation.=C2=A0 Steinbeck's talent wa= s in connecting these major developments to people's lives.=C2=A0 We do rem= ember Tom Joad as iif he were a natural -not a corporation- person.=C2=A0= =C2=A0 At least let us agree on what we mean when we reference populism.=C2=A0 =C2= =A0 Glen =C2=A0=C2=A0On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall [log in to unmask]> wrote: All of us probably need some good reads to cheer us up in what will be a lo= ng lock-down. This is going to go on for months, maybe years, longer than o= ur pundits are now claiming. So hunker down and take a look at these uplift= ing pieces. Here's one on the upside to the downsides:=C2=A0Prepare for the Ultimate Ga= slighting*=C2=A0by Julio Vincent Gambuto Message: fight the return to normalcy. This is our opportunity to reflect o= n our unsustainable pre-crisis path. A remarkable piece by Tom Frank:=C2=A0https://urldefense.proofpoint.com/v2/= url?u=3Dhttps-3A__harpers.org_archive_2020_04_how-2Dthe-2Danti-2Dpopulists-= 2Dstopped-2Dbernie-2Dsanders_-3Ffbclid-3DIwAR0-2D8Qu6vpr-2DQBytnw7r1o04e8j6= Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6= kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DTVfTdd0= 0dd_2RJklfajhLF_ED-WeaISf9i9VjNDHTKw&s=3D-2cA2pCKXkZf2dBc-FMz2Gi4BpIW7_fqZV= gnpx6gTvE&e=3D=20 You will recognize all the memes raised against Bernie over the past 4+ yea= rs. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more ye= ars of Trump. Sit down before you read this=C2=A0one; scariest one I've seen: =C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.vox.com_20= 20_4_10_21215494_coronavirus-2Dplans-2Dsocial-2Ddistancing-2Deconomy-2Drece= ssion-2Ddepression-2Dunemployment&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_r= g6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DTVfTd= d00dd_2RJklfajhLF_ED-WeaISf9i9VjNDHTKw&s=3DVvmfveElcnev8AAhH2g2pYP2J66LlAlY= NLCJ54bN4xA&e=3D=20 https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__truthout.org_article= s_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPd= bzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DTVfTdd00dd_2RJklfajhLF_ED-WeaISf9i9V= jNDHTKw&s=3DWTGlzJAxKDUhV4LKeyGzBZIdYi-tZz9ghDA8aU0KfoQ&e=3D venture-capit= alist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?eType=3D Email= BlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf=C2=A0 maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail. Great interactive piece in the NYT on inequality:=C2=A0https://urldefense.p= roofpoint.com/v2/url?u=3Dhttps-3A__www.nytimes.com_&d=3DDwIFaQ&c=3DCu5g146w= ZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGE= y57VsNLQ&m=3DTVfTdd00dd_2RJklfajhLF_ED-WeaISf9i9VjNDHTKw&s=3DZnke5hNfVvlgXx= l7A6_zseKwE1NpWCGWJeNEho7iJxA&e=3D interactive/2020/04/10/ opinion/coronav= irus-us- economy-inequality.html? campaign_id=3D9&emc=3Dedit_NN_p_ 20200410= &instance_id=3D17527&nl=3D morning-briefing®i_id=3D 77048444§ion=3Dt= opNews& segment_id=3D24620&te=3D1&user_id=3D 7280463403816570666b094c605ab2= 40=C2=A0=C2=A0 MMT in the Guardian:=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttp= s-3A__amp.theguardian.com_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlk= LF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DTVfTdd00dd_2= RJklfajhLF_ED-WeaISf9i9VjNDHTKw&s=3DOnwntrPszajLsOew4x8GTLnYcdK9AvyZa2W3H2I= IIrM&e=3D commentisfree/2020/apr/09/the- guardian-view-on-the-covid-19- fi= ght-it-can-be-paid-for?__ twitter_impression=3Dtrue In Wash Posthttps://www.washingtonpost.com/opinions/so-long-balanced-budget= s-everyones-into-endless-spending-now/2020/04/07/1e2d49f2-78f5-11ea-9bee-c5= bf9d2e3288_story.html Could Modern Monetary Theory rescue us from the Covid-19 economic crisis? Full News Link :=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A= __www.moneycontrol.com_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8= Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DTVfTdd00dd_2RJk= lfajhLF_ED-WeaISf9i9VjNDHTKw&s=3DQy2qTdoSwRwxN7l-lixBq03vGmrkBCXouAtMTGTtSb= E&e=3D news/business/markets/could- modern-monetary-theory-rescue- us-from= -the-covid-19-economic- crisis-5061071.html/amp Your chance for crowd funding of an MMT Documentary FINDING the MONEY Documentary Launch Dear Randall =C2=A0 As you=E2=80=99ve hopefully heard, we are producing a documentary about the= most important shift to hit politics and economics in decades: Modern Mone= tary Theory. And we are excited to announce the launch of our crowd-funding= campaign as a crucial next step to bring the film to life! =C2=A0 Today we are launching the=C2=A0campaign,=C2=A0website, and=C2=A0social med= ia=C2=A0pages to share with the broad and diverse MMT community with a goal= of raising $15,000.=C2=A0All donations are tax deductible!=C2=A0Thanks to = our fiscal sponsor Filmmakers=E2=80=99 Collaborative SF. =C2=A0 As someone on the forefront of MMT, you know it is more relevant to the pol= itical debate now than ever, with the urgency to respond to coronavirus and= mitigate the economic consequences. =C2=A0 But you also know what a complex story this is. Politicians will not be the= first ones to come out and explain to the public how government financing = and taxes actually work. The groundwork for this debate must be laid; that = is the work many of you are doing today, and that is the work of this docum= entary. =C2=A0 This campaign is important to show the size of the audience that is already= following and engaged with the MMT story, to show the potential for what I= know is a film that will have broad appeal, a story that will affect our d= aily lives, affect daily political decisions, and affect the planet. Visit = and=C2=A0share=C2=A0our=C2=A0GoFundMe=C2=A0page! =C2=A0 Although $15k is not the full budget for the film, it will bring an editor = on board with the goal of completing a short film/work sample to release in= September 2020. The film will then expand into a feature length form to gi= ve the full picture perspective of the story, get to know the characters in= volved, the conflict and drama with top tier economists, and explore fascin= ating examples from the past 5,000 years of the history of money. =C2=A0 Please=C2=A0share=C2=A0our=C2=A0GoFundMe=C2=A0page, or reach out to your co= ntacts individually. A $25, $50, or $100 tax-deductible donation will go a = long way in making this film a reality! =C2=A0 And please follow us on social media below to continue to connect the ever-= growing MMT community. Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestions= , or advice! I would love to hear from you! I look forward to continuing on this journey with you. =C2=A0 Take care of each other, and all my best, =C2=A0 Maren Poitras https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.findingmoneyfilm.= com&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNP= dbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DTVfTdd00dd_2RJklfajhLF_ED-WeaISf9i9= VjNDHTKw&s=3DWdnc7R_8mz10sglkuOlxbeuXeEdrjd_vO99XWnkcLbQ&e=3D=20 [log in to unmask] L. Randall WraySenior Scholar, Levy Economics InstitutePapers: https://urld= efense.proofpoint.com/v2/url?u=3Dhttp-3A__www.levyinstitute.org_publication= s_-3Fauth-3D287&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&= r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DTVfTdd00dd_2RJklfajhLF_= ED-WeaISf9i9VjNDHTKw&s=3Dz0C9s7GqnJY9TRXHpZ1h38esG6wAwm6GG78CD7R5HiU&e=3D=20 Professor of Economics, Bard College Emeritus Professor, University of Missouri-Kansas City Co-editor Journal of Post Keynesian Economics ISSN 0160-3477 (Print), 1557-7821 (Online) https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DTVfTdd00dd_2RJklfajhL= F_ED-WeaISf9i9VjNDHTKw&s=3DDrP95mNXJ09zkzyegN4bwtKIgCFMvdoger9L_u0febc&e=3D= =20 https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DTVfTdd00dd_2RJklfajhL= F_ED-WeaISf9i9VjNDHTKw&s=3DDrP95mNXJ09zkzyegN4bwtKIgCFMvdoger9L_u0febc&e=3D= =20 Recent Books: A Great Leap Forward: Heterodox Economic Policy for the 21st Century; Randa= ll Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22n= d January 2020;=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A_= _www.elsevier.com_books_a-2Dgreat-2Dleap-2Dforward_wray_978-2D0-2D12-2D8193= 80-2D8&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbuj= WNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DTVfTdd00dd_2RJklfajhLF_ED-WeaISf= 9i9VjNDHTKw&s=3Dnx7vRSx5Yt5CZdSRRuMYhl4guiUasVPf8Kk3QySU0Bo&e=3D=20 =C2=A0 Macroeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Watts;= Red Globe Press, Macmillan International; February 2019;=C2=A0https://urld= efense.proofpoint.com/v2/url?u=3Dhttps-3A__www.macmillanihe.com_page_detail= _Macroeconomics_-3FK-3D9781137610669&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeF= X_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DTV= fTdd00dd_2RJklfajhLF_ED-WeaISf9i9VjNDHTKw&s=3D4ZNIzDcCMHJNN2Du_hcp8t6pwYHUC= RzbrEcRhA_ko2Q&e=3D . =C2=A0 Why Minsky Matters: An Introduction to the work of a maverick economist,=C2= =A0Princeton University Presshttp://press.princeton.edu/titles/10575.html =C2=A0 Modern Money Theory: a primer on macroeconomics for sovereign=C2=A0monetary= systems, Palgrave Macmillan=C2=A0https://urldefense.proofpoint.com/v2/url?= u=3Dhttp-3A__www.palgrave.com_page_detail_modern-2Dmoney-2Dtheory-2Dl-2Dran= dall-2Dwray_-3Fisb-3D9781137539908&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_= rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DTVfT= dd00dd_2RJklfajhLF_ED-WeaISf9i9VjNDHTKw&s=3DQxD8GvO5CO3NlaBf9-6sZDtCk63ZJn-= RtzoZzx64Rcw&e=3D =C2=A0 =C2=A0 =C2=A0Please make note of my new email address as I will be transitioning a= ll email to:[log in to unmask] ------=_Part_244805_919751090.1586880432528 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable
Re U.S. Populism, Huey Long = and Short-Run Realities

Dear Gentle Colleagues:

Huey Long was a great egalitarian who was able to popularize the= democratic ideas of wealth redistribution ("Share the Wealth!") and abunda= nce for all ("A Chicken in Every Pot!"). Quite frankly, he scared the shit = out of the establishment democrats and liberals on the make of his time. Sa= dly enough, he had to push his egalitarian ideas in a country burdened with= diabolical institutions from its bloody past (classism, racism, sexism, ji= ngoism, homophobia, religious intolerance and much else). He chose classism= as his enemy and gave it his best shot. Nevertheless, in some sense he cou= ld be said to have signed  cease-fire agreements with his other enemie= s.  Even FDR had some tacit cease-fire agreements that do not look so = progressive in the cold light of historical hindsight. I say, "Rest In Peac= e" to the Kingfish and FDR. Now it is our turn with Joe Biden. Beat Trump i= n November.



--Bill





William M. Dugger

Professor Em= eritus of Economics


=20
=20
On Tuesday, April 14, 2020, 10:25:28 AM CDT, Glen Atkin= son <[log in to unmask]> wrote:


=
My reference to Huey Long was in = part speculative.  However, I think the vested interests used such mov= ements as Long's to confuse the message stated in the Omaha Platform. = Call me an radical but I thought their goals were reasonable.  But I'= m not as radical as Mitch McConnell and his right wing Republicans are in C= ongress. 

If I read the Harper's = article correctly that Randy forwarded, the vested interests, including man= y Democrats, have tried to conflate populists as the ignorant productive fa= rmers we now need to fill our Food Banks.  We love our farmers, truck = drivers, toilet paper makers now.  The goal of the Goldman Sachs Tribe= is not to increase the commonwealth but to grab as much for themselves and= their clients as possible.  As we we moved from workers to employees = and now Associates and Team Members our disrespect for production workers c= ontinues.  

I am comfortable= being identified as a populist as an updated Omaha Platform person.  = Let's identify populism ourselves rather letting the vested interests do it= .  

We have become a financial economy rather a production economy.&n= bsp; We can't even produce protection gear for our beloved health care team= members.  

Glen             


=20
=20
On Monday, April 13, 2020, 12:35:20 PM PDT, Henry, John= <[log in to unmask]> wrote:


Glen raises a most important issue. Just when/how did "populism" change = from a progressive term to one associated with all the things we AFEEers de= plore? Huey Long may be a step in this development, but my recollection pla= ces the change in a very recent period. When I started to see it used significantly, maybe 20-25 years ago= , I thought that it was a misplaced reference to the real populists of the = late 1800's. But, no..... So, why this term used to describe white nationalists, anti-immigrant, relig= ious fanatics, etc.? Someone has had to have written to this specifically.&= nbsp;


John


P.S. AS much as I hate to admit, I did purchase Atkinson and Paschall&nb= sp;Law and Economics...., and actually read significant portions of the thing. For th= ose who haven't dipped their toes in these waters, I'd recommend they do so= . 


John F. Henry
Levy Economics Institute of Bard College

 
Email: [log in to unmask]" rel=3D"nofollow" target=3D"_blank">[log in to unmask]

From: AFEEMAIL Discussion List <[log in to unmask] U> on behalf of Glen Atkinson <[log in to unmask]>
Sent: Sunday, April 12, 2020 12:58:27 PM
To: [log in to unmask]
Subject: Re: Lock-down reading
 
Thanks Randy.  I recommend reading t= he "The Omaha Platform -  The Launching of the Populist Party"  t= hat was adopted in 1892

They wanted to eliminate tariffs, which w= as a major source of funding of the the federal government, and create a pr= ogressive income tax.  The other significant source of federal revenue= was land sales.  

The party wanted radical changes such as = direct election of U.S. Senators and secret ballots.  They stopped sho= rt of other radical policies such as national health insurance, but they di= d want to eliminate private banks and the Cross of Gold.  We have been assisted to forget= all of this by the folks who opposed these measures and identify populism = with the likes of Huey Long.  What if we had adopted some the importan= t planks in the Omaha Platform?  Would it have stolen some of the appeal of the likes of Long?  We will never k= now, but it is worth considering.  The situation facing mid-western gr= ain farmers in the nineteenth century was quite different from the truly im= poverished southern farmers of the 1930s.  

The mid-western farmers were drawn into t= he mysterious price system system created by the wider market that was enab= led by transcontinental railroads.  You will see some of their gripes = against the consequences of the railroads in the platform.  Forty acres and a mul= e would not help them.  SELF PROMOTION WARNING - See Atkinson and Pasc= hall "Law and Economics from an Evolutionary Perspective 2016" , pp. 31-33 = for a brief discussion of this development.   

It might be worth reading John Steinbeck'= s novel, East of Eden along with Grapes of Wrath to appreciate the differen= ces in agricultural communities.  Rosevile, CA became one the largest = railroad yards in the nation because of the economic goal portrayed in East of Eden. = ; And it did become the largest  ice facility in the nation.  Ste= inbeck's talent was in connecting these major developments to people's live= s.  We do remember Tom Joad as iif he were a natural -not a corporation- person.  

At least let us agree on what we mean whe= n we reference populism.   

Glen

  
On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall <wrayr@um= kc.edu> wrote:


All of us probably need some good reads to cheer us up in what will be a= long lock-down. This is going to go on for months, maybe years, longer tha= n our pundits are now claiming. So hunker down and take a look at these upl= ifting pieces.


Here's one on the upside to the downsides: Prepa= re for the Ultimate Gaslighting* by Julio Vince= nt Gambuto

Message: fight the return to normalcy. This is our = opportunity to reflect on our unsustainable pre-crisis path.


A remarkable piece by Tom Frank: https://har= pers.org/archive/2020/04/how-the-anti-populists-stopped-bernie-sanders/?fbc= lid=3DIwAR0-8Qu6vpr-QBytnw7r1o04e8j6Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs

You will recognize all the memes raised against Bernie over the past 4+ = years. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more= years of Trump.


Sit down before you read this one; scariest one I've seen:

 https://www.vox.com/2020/4/10= /21215494/coronavirus-plans-social-distancing-economy-recession-depression-= unemployment


https://truthout.org/articles/ venture-capitalist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?= eType=3D EmailBlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf=  

maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail.



Your chance for crowd funding of an MMT Documentary

FINDING the MONEY Documentary Launch


Dear Randall
 
As you=E2=80=99ve hopefully heard, we are producing a documentary about th= e most important shift to hit politics and economics in decades: Modern Mon= etary Theory. And we are excited to announce the launch of our crowd-funding campaign as a crucial next step to bring t= he film to life!
 
Today we are launching the campaign, <= /span>website, and social media pages to share with the broad and diverse MMT community wi= th a goal of raising $15,000. All donations are tax deductible! Thanks to our fiscal sponsor = Filmmakers=E2=80=99 Collaborative SF.
 
As someone on the forefront of MMT, you know it is more relevant to the po= litical debate now than ever, with the urgency to respond to coronavirus an= d mitigate the economic consequences.
 
But you also know what a complex story this is. Politicians will not be th= e first ones to come out and explain to the public how government financing= and taxes actually work. The groundwork for this debate must be laid; that is the work many of you are doing today= , and that is the work of this documentary.
 
This campaign is important to show the size of the audience that is alread= y following and engaged with the MMT story, to show the potential for what = I know is a film that will have broad appeal, a story that will affect our daily lives, affect daily political d= ecisions, and affect the planet. Visit and share&n= bsp;our 
GoFundMe page!
 
Although $15k is not the full budget for the film, it will bring an editor= on board with the goal of completing a short film/work sample to release i= n September 2020. The film will then expand into a feature length form to give the full picture perspective of = the story, get to know the characters involved, the conflict and drama with= top tier economists, and explore fascinating examples from the past 5,000 = years of the history of money.
 
Please share our G= oFundMe page, or reach out to your contacts individually. A $25, $50, or $100 tax-deduct= ible donation will go a long way in making this film a reality!
 
And please follow us on social media below to continue to connect the ever= -growing MMT community.
Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestion= s, or advice! I would love to hear from you!
I look forward to continuing on this journey with you.
 
Take care of each other, and all my best,
 
Maren Poitras
www.findingmoneyfilm.com
[log in to unmask]




L. Randall Wray
Senior Scholar, Levy Economics Instit= ute

Professor of Economics, Bard College

Emeritus Professor, University of Missouri-Kansas City

Co-editor Journal of Post Keynesian Economics
ISSN 0160-3477 (Print), 1557-7821 (Online) www.tandfonline.com/toc/mpke20/current
http://www.tandfonline.co= m/toc/mpke20/current

= Recent Books:

A = Great Leap Forward: Heterodox Economic Policy for the 21st Century; R= andall Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22nd January 2020; = https://www.elsevier.com/books/a-great-leap-for= ward/wray/978-0-12-819380-8

 = ;

Ma= croeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Wa= tts; Red Globe Press, Macmillan International; February 2019; https://www.macmilla= nihe.com/page/detail/Macroeconomics/?K=3D9781137610669.

&nbs= p;

W= hy Minsky Matters: An Introduction to the work of a maverick economist,&nbs= p;Princeton University Presshttp://press= .princeton.edu/titles/10575.html

&nbs= p;

M= odern Money Theory: a primer on macroeconomics for sovereign monetary = systems, Palgrave Macmillan http://www.palgrave.com/page/detail/modern-money-= theory-l-randall-wray/?isb=3D9781137539908 

 



 
Please make note of my new email address as I will be= transitioning all email to:
------=_Part_244805_919751090.1586880432528-- ========================================================================= Date: Tue, 14 Apr 2020 16:07:12 +0000 Reply-To: BILL and PAULY DUGGER <[log in to unmask]> Sender: AFEEMAIL Discussion List <[log in to unmask]> From: BILL and PAULY DUGGER <[log in to unmask]> Subject: Re: Lock-down reading In-Reply-To: <[log in to unmask]> Content-Type: multipart/alternative; boundary="----=_Part_244805_919751090.1586880432528" MIME-Version: 1.0 Message-ID: <[log in to unmask]> ------=_Part_244805_919751090.1586880432528 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: Quoted-printable Re U.S. Populism, Huey Long and Short-Run Realities Dear Gentle Colleagues: Huey Long was a great egalitarian who was able to popularize the democratic= ideas of wealth redistribution ("Share the Wealth!") and abundance for all= ("A Chicken in Every Pot!"). Quite frankly, he scared the shit out of the = establishment democrats and liberals on the make of his time. Sadly enough,= he had to push his egalitarian ideas in a country burdened with diabolical= institutions from its bloody past (classism, racism, sexism, jingoism, hom= ophobia, religious intolerance and much else). He chose classism as his ene= my and gave it his best shot. Nevertheless, in some sense he could be said = to have signed=C2=A0 cease-fire agreements with his other enemies.=C2=A0 Ev= en FDR had some tacit cease-fire agreements that do not look so progressive= in the cold light of historical hindsight. I say, "Rest In Peace" to the K= ingfish and FDR. Now it is our turn with Joe Biden. Beat Trump in November. --Bill William M. Dugger Professor Emeritus of Economics=20 On Tuesday, April 14, 2020, 10:25:28 AM CDT, Glen Atkinson [log in to unmask]> wrote:=20=20 =20 My reference to Huey Long was in part speculative.=C2=A0 However, I think= the vested interests used such movements as Long's to confuse the message = stated in the Omaha Platform.=C2=A0 Call me an radical but I thought their = goals were reasonable.=C2=A0 But I'm not as radical as Mitch McConnell and = his right wing Republicans are in Congress.=C2=A0 If I read the Harper's article correctly that Randy forwarded, the vested i= nterests, including many Democrats, have tried to conflate populists as the= ignorant productive farmers we now need to fill our Food Banks.=C2=A0 We l= ove our farmers, truck drivers, toilet paper makers now.=C2=A0 The goal of = the Goldman Sachs Tribe is not to increase the commonwealth but to grab as = much for themselves and their clients as possible.=C2=A0 As we we moved fro= m workers to employees and now Associates and Team Members our disrespect f= or production workers continues.=C2=A0=C2=A0 I am comfortable being identified as a populist as an updated Omaha Platfor= m person.=C2=A0 Let's identify populism ourselves rather letting the vested= interests do it.=C2=A0=C2=A0 We have become a financial economy rather a production economy.=C2=A0 We ca= n't even produce protection gear for our beloved health care team members.= =C2=A0=C2=A0 Glen=C2=A0 =C2=A0 =C2=A0 =C2=A0 =C2=A0 =C2=A0 =C2=A0 On Monday, April 13, 2020, 12:35:20 PM PDT, Henry, John <[log in to unmask] du> wrote:=20=20 =20 =20 Glen raises a most important issue. Just when/how did "populism" change fro= m a progressive term to one associated with all the things we AFEEers deplo= re? Huey Long may be a step in this development, but my recollection places= the change in a very recent period. When I started to see it used signific= antly, maybe 20-25 years ago, I thought that it was a misplaced reference t= o the real populists of the late 1800's. But, no..... So, whythis term used= to describe white nationalists, anti-immigrant, religious fanatics, etc.? = Someone has had to have written to this specifically.=C2=A0 John P.S. AS much as I hate to admit, I did purchase Atkinson and Paschall=C2=A0= Law and Economics....,and actually read significant portions of the thing.= =C2=A0For those who haven't dipped their toes in these waters, I'd recommen= d they do so.=C2=A0 John F. HenryLevy Economics Institute of Bard College =C2=A0Email: [log in to unmask]: AFEEMAIL Discussion List on behalf of Glen Atkinson <[log in to unmask]> Sent: Sunday, April 12, 2020 12:58:27 PM To: [log in to unmask] Subject: Re: Lock-down reading=C2=A0Thanks Randy.=C2=A0 I recommend reading= the "The Omaha Platform -=C2=A0 The Launching of the Populist Party"=C2=A0= that was adopted in 1892 They wanted to eliminate tariffs, which was a major source of funding of th= e the federal government, and create a progressive income tax.=C2=A0 The ot= her significant source of federal revenue was land sales.=C2=A0=C2=A0 The party wanted radical changes such as direct election of U.S. Senators a= nd secret ballots.=C2=A0 They stopped short of other radical policies such = as national health insurance, but they did want to eliminate private banks = and the Cross of Gold.=C2=A0 We have been assisted to forget all of this by= the folks who opposed these measures and identify populism with the likes = of Huey Long.=C2=A0 What if we had adopted some the important planks in the= Omaha Platform?=C2=A0 Would it have stolen some of the appeal of the likes= of Long?=C2=A0 We will never know, but it is worth considering.=C2=A0 The = situation facing mid-western grain farmers in the nineteenth century was qu= ite different from the truly impoverished southern farmers of the 1930s.=C2= =A0=C2=A0 The mid-western farmers were drawn into the mysterious price system system = created by the wider market that was enabled by transcontinental railroads.= =C2=A0 You will see some of their gripes against the consequences of the ra= ilroads in the platform.=C2=A0 Forty acres and a mule would not help them.= =C2=A0 SELF PROMOTION WARNING - See Atkinson and Paschall "Law and Economic= s from an Evolutionary Perspective 2016" , pp. 31-33 for a brief discussion= of this development.=C2=A0 =C2=A0 It might be worth reading John Steinbeck's novel, East of Eden along with G= rapes of Wrath to appreciate the differences in agricultural communities.= =C2=A0 Rosevile, CA became one the largest railroad yards in the nation bec= ause of the economic goal portrayed in East of Eden.=C2=A0 And it did becom= e the largest=C2=A0 ice facility in the nation.=C2=A0 Steinbeck's talent wa= s in connecting these major developments to people's lives.=C2=A0 We do rem= ember Tom Joad as iif he were a natural -not a corporation- person.=C2=A0= =C2=A0 At least let us agree on what we mean when we reference populism.=C2=A0 =C2= =A0 Glen =C2=A0=C2=A0On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall [log in to unmask]> wrote: All of us probably need some good reads to cheer us up in what will be a lo= ng lock-down. This is going to go on for months, maybe years, longer than o= ur pundits are now claiming. So hunker down and take a look at these uplift= ing pieces. Here's one on the upside to the downsides:=C2=A0Prepare for the Ultimate Ga= slighting*=C2=A0by Julio Vincent Gambuto Message: fight the return to normalcy. This is our opportunity to reflect o= n our unsustainable pre-crisis path. A remarkable piece by Tom Frank:=C2=A0https://urldefense.proofpoint.com/v2/= url?u=3Dhttps-3A__harpers.org_archive_2020_04_how-2Dthe-2Danti-2Dpopulists-= 2Dstopped-2Dbernie-2Dsanders_-3Ffbclid-3DIwAR0-2D8Qu6vpr-2DQBytnw7r1o04e8j6= Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6= kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D9bkc48G= GOWwQ0SEFXvbGpTiJ-YO2IJ8tUmxgfBEoAgM&s=3DDrTpnyU4l8bXEC98O-Aa5ZhnAH4fRv8dti= eFWkja20w&e=3D=20 You will recognize all the memes raised against Bernie over the past 4+ yea= rs. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more ye= ars of Trump. Sit down before you read this=C2=A0one; scariest one I've seen: =C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.vox.com_20= 20_4_10_21215494_coronavirus-2Dplans-2Dsocial-2Ddistancing-2Deconomy-2Drece= ssion-2Ddepression-2Dunemployment&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_r= g6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D9bkc4= 8GGOWwQ0SEFXvbGpTiJ-YO2IJ8tUmxgfBEoAgM&s=3DjRWCeZma_-dVOOaLNgTdF-96SgNP2_G6= -YLgpLwCH_g&e=3D=20 https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__truthout.org_article= s_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPd= bzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D9bkc48GGOWwQ0SEFXvbGpTiJ-YO2IJ8tUmxg= fBEoAgM&s=3DsfmAt3lwF14AlKzTWhWwjJatsMd7M5uUnABkzhqTTDA&e=3D venture-capit= alist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?eType=3D Email= BlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf=C2=A0 maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail. Great interactive piece in the NYT on inequality:=C2=A0https://urldefense.p= roofpoint.com/v2/url?u=3Dhttps-3A__www.nytimes.com_&d=3DDwIFaQ&c=3DCu5g146w= ZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGE= y57VsNLQ&m=3D9bkc48GGOWwQ0SEFXvbGpTiJ-YO2IJ8tUmxgfBEoAgM&s=3DZvax5HK_HgeEYm= AuKBD8CFOQ76rb1nmJYkfafU8bv24&e=3D interactive/2020/04/10/ opinion/coronav= irus-us- economy-inequality.html? campaign_id=3D9&emc=3Dedit_NN_p_ 20200410= &instance_id=3D17527&nl=3D morning-briefing®i_id=3D 77048444§ion=3Dt= opNews& segment_id=3D24620&te=3D1&user_id=3D 7280463403816570666b094c605ab2= 40=C2=A0=C2=A0 MMT in the Guardian:=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttp= s-3A__amp.theguardian.com_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlk= LF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D9bkc48GGOWwQ= 0SEFXvbGpTiJ-YO2IJ8tUmxgfBEoAgM&s=3DvNxYiwJJDJdbKHUyY0DziH6t_a9pKisT3g9vQfz= zdt0&e=3D commentisfree/2020/apr/09/the- guardian-view-on-the-covid-19- fi= ght-it-can-be-paid-for?__ twitter_impression=3Dtrue In Wash Posthttps://www.washingtonpost.com/opinions/so-long-balanced-budget= s-everyones-into-endless-spending-now/2020/04/07/1e2d49f2-78f5-11ea-9bee-c5= bf9d2e3288_story.html Could Modern Monetary Theory rescue us from the Covid-19 economic crisis? Full News Link :=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A= __www.moneycontrol.com_&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8= Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D9bkc48GGOWwQ0SE= FXvbGpTiJ-YO2IJ8tUmxgfBEoAgM&s=3D7LiGqMdD-DSz009_wPOVTitZM6JSMlHEQL68kUJgCC= o&e=3D news/business/markets/could- modern-monetary-theory-rescue- us-from= -the-covid-19-economic- crisis-5061071.html/amp Your chance for crowd funding of an MMT Documentary FINDING the MONEY Documentary Launch Dear Randall =C2=A0 As you=E2=80=99ve hopefully heard, we are producing a documentary about the= most important shift to hit politics and economics in decades: Modern Mone= tary Theory. And we are excited to announce the launch of our crowd-funding= campaign as a crucial next step to bring the film to life! =C2=A0 Today we are launching the=C2=A0campaign,=C2=A0website, and=C2=A0social med= ia=C2=A0pages to share with the broad and diverse MMT community with a goal= of raising $15,000.=C2=A0All donations are tax deductible!=C2=A0Thanks to = our fiscal sponsor Filmmakers=E2=80=99 Collaborative SF. =C2=A0 As someone on the forefront of MMT, you know it is more relevant to the pol= itical debate now than ever, with the urgency to respond to coronavirus and= mitigate the economic consequences. =C2=A0 But you also know what a complex story this is. Politicians will not be the= first ones to come out and explain to the public how government financing = and taxes actually work. The groundwork for this debate must be laid; that = is the work many of you are doing today, and that is the work of this docum= entary. =C2=A0 This campaign is important to show the size of the audience that is already= following and engaged with the MMT story, to show the potential for what I= know is a film that will have broad appeal, a story that will affect our d= aily lives, affect daily political decisions, and affect the planet. Visit = and=C2=A0share=C2=A0our=C2=A0GoFundMe=C2=A0page! =C2=A0 Although $15k is not the full budget for the film, it will bring an editor = on board with the goal of completing a short film/work sample to release in= September 2020. The film will then expand into a feature length form to gi= ve the full picture perspective of the story, get to know the characters in= volved, the conflict and drama with top tier economists, and explore fascin= ating examples from the past 5,000 years of the history of money. =C2=A0 Please=C2=A0share=C2=A0our=C2=A0GoFundMe=C2=A0page, or reach out to your co= ntacts individually. A $25, $50, or $100 tax-deductible donation will go a = long way in making this film a reality! =C2=A0 And please follow us on social media below to continue to connect the ever-= growing MMT community. Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestions= , or advice! I would love to hear from you! I look forward to continuing on this journey with you. =C2=A0 Take care of each other, and all my best, =C2=A0 Maren Poitras https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.findingmoneyfilm.= com&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNP= dbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D9bkc48GGOWwQ0SEFXvbGpTiJ-YO2IJ8tUmx= gfBEoAgM&s=3Dt70tJf2Y8Ysq7-n3tZAWFtT7XvBdb3EUPUo-4PcFOmM&e=3D=20 [log in to unmask] L. Randall WraySenior Scholar, Levy Economics InstitutePapers: https://urld= efense.proofpoint.com/v2/url?u=3Dhttp-3A__www.levyinstitute.org_publication= s_-3Fauth-3D287&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&= r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D9bkc48GGOWwQ0SEFXvbGpTi= J-YO2IJ8tUmxgfBEoAgM&s=3D6sztNCf7ZIf3jrB8Mf6DDjKjv1byBfNTdHSmncrU6hU&e=3D=20 Professor of Economics, Bard College Emeritus Professor, University of Missouri-Kansas City Co-editor Journal of Post Keynesian Economics ISSN 0160-3477 (Print), 1557-7821 (Online) https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D9bkc48GGOWwQ0SEFXvbGp= TiJ-YO2IJ8tUmxgfBEoAgM&s=3Ddj3h1TsocA5At245Cp3z8ZTbcO08OyLIizr6L68L-yY&e=3D= =20 https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D9bkc48GGOWwQ0SEFXvbGp= TiJ-YO2IJ8tUmxgfBEoAgM&s=3Ddj3h1TsocA5At245Cp3z8ZTbcO08OyLIizr6L68L-yY&e=3D= =20 Recent Books: A Great Leap Forward: Heterodox Economic Policy for the 21st Century; Randa= ll Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22n= d January 2020;=C2=A0https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A_= _www.elsevier.com_books_a-2Dgreat-2Dleap-2Dforward_wray_978-2D0-2D12-2D8193= 80-2D8&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbuj= WNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D9bkc48GGOWwQ0SEFXvbGpTiJ-YO2IJ8t= UmxgfBEoAgM&s=3DhYDrbOd_eJItT5Wd2-YGPaGNLzzAybn4mlm3AYx9SiA&e=3D=20 =C2=A0 Macroeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Watts;= Red Globe Press, Macmillan International; February 2019;=C2=A0https://urld= efense.proofpoint.com/v2/url?u=3Dhttps-3A__www.macmillanihe.com_page_detail= _Macroeconomics_-3FK-3D9781137610669&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeF= X_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D9b= kc48GGOWwQ0SEFXvbGpTiJ-YO2IJ8tUmxgfBEoAgM&s=3D8Hu7Hm2jbLd-g7uIpZzY3ZdOGn8ty= lCAV7egO5JR-hM&e=3D . =C2=A0 Why Minsky Matters: An Introduction to the work of a maverick economist,=C2= =A0Princeton University Presshttp://press.princeton.edu/titles/10575.html =C2=A0 Modern Money Theory: a primer on macroeconomics for sovereign=C2=A0monetary= systems, Palgrave Macmillan=C2=A0https://urldefense.proofpoint.com/v2/url?= u=3Dhttp-3A__www.palgrave.com_page_detail_modern-2Dmoney-2Dtheory-2Dl-2Dran= dall-2Dwray_-3Fisb-3D9781137539908&d=3DDwIFaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_= rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3D9bkc= 48GGOWwQ0SEFXvbGpTiJ-YO2IJ8tUmxgfBEoAgM&s=3DeLiZypwuZXlVnjEfYEOMSC9Y12JgjYH= vTcQtdwsVoUY&e=3D =C2=A0 =C2=A0 =C2=A0Please make note of my new email address as I will be transitioning a= ll email to:[log in to unmask] ------=_Part_244805_919751090.1586880432528 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable
Re U.S. Populism, Huey Long = and Short-Run Realities

Dear Gentle Colleagues:

Huey Long was a great egalitarian who was able to popularize the= democratic ideas of wealth redistribution ("Share the Wealth!") and abunda= nce for all ("A Chicken in Every Pot!"). Quite frankly, he scared the shit = out of the establishment democrats and liberals on the make of his time. Sa= dly enough, he had to push his egalitarian ideas in a country burdened with= diabolical institutions from its bloody past (classism, racism, sexism, ji= ngoism, homophobia, religious intolerance and much else). He chose classism= as his enemy and gave it his best shot. Nevertheless, in some sense he cou= ld be said to have signed  cease-fire agreements with his other enemie= s.  Even FDR had some tacit cease-fire agreements that do not look so = progressive in the cold light of historical hindsight. I say, "Rest In Peac= e" to the Kingfish and FDR. Now it is our turn with Joe Biden. Beat Trump i= n November.



--Bill





William M. Dugger

Professor Em= eritus of Economics


=20
=20
On Tuesday, April 14, 2020, 10:25:28 AM CDT, Glen Atkin= son <[log in to unmask]> wrote:


=
My reference to Huey Long was in = part speculative.  However, I think the vested interests used such mov= ements as Long's to confuse the message stated in the Omaha Platform. = Call me an radical but I thought their goals were reasonable.  But I'= m not as radical as Mitch McConnell and his right wing Republicans are in C= ongress. 

If I read the Harper's = article correctly that Randy forwarded, the vested interests, including man= y Democrats, have tried to conflate populists as the ignorant productive fa= rmers we now need to fill our Food Banks.  We love our farmers, truck = drivers, toilet paper makers now.  The goal of the Goldman Sachs Tribe= is not to increase the commonwealth but to grab as much for themselves and= their clients as possible.  As we we moved from workers to employees = and now Associates and Team Members our disrespect for production workers c= ontinues.  

I am comfortable= being identified as a populist as an updated Omaha Platform person.  = Let's identify populism ourselves rather letting the vested interests do it= .  

We have become a financial economy rather a production economy.&n= bsp; We can't even produce protection gear for our beloved health care team= members.  

Glen             


=20
=20
On Monday, April 13, 2020, 12:35:20 PM PDT, Henry, John= <[log in to unmask]> wrote:


Glen raises a most important issue. Just when/how did "populism" change = from a progressive term to one associated with all the things we AFEEers de= plore? Huey Long may be a step in this development, but my recollection pla= ces the change in a very recent period. When I started to see it used significantly, maybe 20-25 years ago= , I thought that it was a misplaced reference to the real populists of the = late 1800's. But, no..... So, why this term used to describe white nationalists, anti-immigrant, relig= ious fanatics, etc.? Someone has had to have written to this specifically.&= nbsp;


John


P.S. AS much as I hate to admit, I did purchase Atkinson and Paschall&nb= sp;Law and Economics...., and actually read significant portions of the thing. For th= ose who haven't dipped their toes in these waters, I'd recommend they do so= . 


John F. Henry
Levy Economics Institute of Bard College

 
Email: [log in to unmask]" rel=3D"nofollow" target=3D"_blank">[log in to unmask]

From: AFEEMAIL Discussion List <[log in to unmask] U> on behalf of Glen Atkinson <[log in to unmask]>
Sent: Sunday, April 12, 2020 12:58:27 PM
To: [log in to unmask]
Subject: Re: Lock-down reading
 
Thanks Randy.  I recommend reading t= he "The Omaha Platform -  The Launching of the Populist Party"  t= hat was adopted in 1892

They wanted to eliminate tariffs, which w= as a major source of funding of the the federal government, and create a pr= ogressive income tax.  The other significant source of federal revenue= was land sales.  

The party wanted radical changes such as = direct election of U.S. Senators and secret ballots.  They stopped sho= rt of other radical policies such as national health insurance, but they di= d want to eliminate private banks and the Cross of Gold.  We have been assisted to forget= all of this by the folks who opposed these measures and identify populism = with the likes of Huey Long.  What if we had adopted some the importan= t planks in the Omaha Platform?  Would it have stolen some of the appeal of the likes of Long?  We will never k= now, but it is worth considering.  The situation facing mid-western gr= ain farmers in the nineteenth century was quite different from the truly im= poverished southern farmers of the 1930s.  

The mid-western farmers were drawn into t= he mysterious price system system created by the wider market that was enab= led by transcontinental railroads.  You will see some of their gripes = against the consequences of the railroads in the platform.  Forty acres and a mul= e would not help them.  SELF PROMOTION WARNING - See Atkinson and Pasc= hall "Law and Economics from an Evolutionary Perspective 2016" , pp. 31-33 = for a brief discussion of this development.   

It might be worth reading John Steinbeck'= s novel, East of Eden along with Grapes of Wrath to appreciate the differen= ces in agricultural communities.  Rosevile, CA became one the largest = railroad yards in the nation because of the economic goal portrayed in East of Eden. = ; And it did become the largest  ice facility in the nation.  Ste= inbeck's talent was in connecting these major developments to people's live= s.  We do remember Tom Joad as iif he were a natural -not a corporation- person.  

At least let us agree on what we mean whe= n we reference populism.   

Glen

  
On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall <wrayr@um= kc.edu> wrote:


All of us probably need some good reads to cheer us up in what will be a= long lock-down. This is going to go on for months, maybe years, longer tha= n our pundits are now claiming. So hunker down and take a look at these upl= ifting pieces.


Here's one on the upside to the downsides: Prepa= re for the Ultimate Gaslighting* by Julio Vince= nt Gambuto

Message: fight the return to normalcy. This is our = opportunity to reflect on our unsustainable pre-crisis path.


A remarkable piece by Tom Frank: https://har= pers.org/archive/2020/04/how-the-anti-populists-stopped-bernie-sanders/?fbc= lid=3DIwAR0-8Qu6vpr-QBytnw7r1o04e8j6Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs

You will recognize all the memes raised against Bernie over the past 4+ = years. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more= years of Trump.


Sit down before you read this one; scariest one I've seen:

 https://www.vox.com/2020/4/10= /21215494/coronavirus-plans-social-distancing-economy-recession-depression-= unemployment


https://truthout.org/articles/ venture-capitalist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?= eType=3D EmailBlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf=  

maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail.



Your chance for crowd funding of an MMT Documentary

FINDING the MONEY Documentary Launch


Dear Randall
 
As you=E2=80=99ve hopefully heard, we are producing a documentary about th= e most important shift to hit politics and economics in decades: Modern Mon= etary Theory. And we are excited to announce the launch of our crowd-funding campaign as a crucial next step to bring t= he film to life!
 
Today we are launching the campaign, <= /span>website, and social media pages to share with the broad and diverse MMT community wi= th a goal of raising $15,000. All donations are tax deductible! Thanks to our fiscal sponsor = Filmmakers=E2=80=99 Collaborative SF.
 
As someone on the forefront of MMT, you know it is more relevant to the po= litical debate now than ever, with the urgency to respond to coronavirus an= d mitigate the economic consequences.
 
But you also know what a complex story this is. Politicians will not be th= e first ones to come out and explain to the public how government financing= and taxes actually work. The groundwork for this debate must be laid; that is the work many of you are doing today= , and that is the work of this documentary.
 
This campaign is important to show the size of the audience that is alread= y following and engaged with the MMT story, to show the potential for what = I know is a film that will have broad appeal, a story that will affect our daily lives, affect daily political d= ecisions, and affect the planet. Visit and share&n= bsp;our 
GoFundMe page!
 
Although $15k is not the full budget for the film, it will bring an editor= on board with the goal of completing a short film/work sample to release i= n September 2020. The film will then expand into a feature length form to give the full picture perspective of = the story, get to know the characters involved, the conflict and drama with= top tier economists, and explore fascinating examples from the past 5,000 = years of the history of money.
 
Please share our G= oFundMe page, or reach out to your contacts individually. A $25, $50, or $100 tax-deduct= ible donation will go a long way in making this film a reality!
 
And please follow us on social media below to continue to connect the ever= -growing MMT community.
Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestion= s, or advice! I would love to hear from you!
I look forward to continuing on this journey with you.
 
Take care of each other, and all my best,
 
Maren Poitras
www.findingmoneyfilm.com
[log in to unmask]




L. Randall Wray
Senior Scholar, Levy Economics Instit= ute

Professor of Economics, Bard College

Emeritus Professor, University of Missouri-Kansas City

Co-editor Journal of Post Keynesian Economics
ISSN 0160-3477 (Print), 1557-7821 (Online) www.tandfonline.com/toc/mpke20/current
http://www.tandfonline.co= m/toc/mpke20/current

= Recent Books:

A = Great Leap Forward: Heterodox Economic Policy for the 21st Century; R= andall Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22nd January 2020; = https://www.elsevier.com/books/a-great-leap-for= ward/wray/978-0-12-819380-8

 = ;

Ma= croeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Wa= tts; Red Globe Press, Macmillan International; February 2019; https://www.macmilla= nihe.com/page/detail/Macroeconomics/?K=3D9781137610669.

&nbs= p;

W= hy Minsky Matters: An Introduction to the work of a maverick economist,&nbs= p;Princeton University Presshttp://press= .princeton.edu/titles/10575.html

&nbs= p;

M= odern Money Theory: a primer on macroeconomics for sovereign monetary = systems, Palgrave Macmillan http://www.palgrave.com/page/detail/modern-money-= theory-l-randall-wray/?isb=3D9781137539908 

 



 
Please make note of my new email address as I will be= transitioning all email to:
------=_Part_244805_919751090.1586880432528-- ========================================================================= Date: Tue, 14 Apr 2020 18:47:06 +0000 Reply-To: AFEEMAIL Discussion List <[log in to unmask]> Sender: AFEEMAIL Discussion List <[log in to unmask]> From: Jim Peach <[log in to unmask]> Subject: Re: Lock-down reading In-Reply-To: <[log in to unmask]> Content-Type: multipart/alternative; boundary="_000_CY1PR01MB197732027DBA6C23754EC91FB0DA0CY1PR01MB1977prod_" MIME-Version: 1.0 Message-ID: <[log in to unmask]> --_000_CY1PR01MB197732027DBA6C23754EC91FB0DA0CY1PR01MB1977prod_ Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: Quoted-printable I agree with Glen and Bill and others. This is a gret discussion. We shou= ld not forget that Juan, and later Evita, Peron gave populismo a very bad n= ame in Latin America. From: AFEEMAIL Discussion List <[log in to unmask]> On Behalf Of Gle= n Atkinson Sent: Monday, April 13, 2020 8:43 PM To: [log in to unmask] Subject: Re: [AFEEMAIL] Lock-down reading My reference to Huey Long was in part speculative. However, I think the ve= sted interests used such movements as Long's to confuse the message stated = in the Omaha Platform. Call me an radical but I thought their goals were r= easonable. But I'm not as radical as Mitch McConnell and his right wing Re= publicans are in Congress. If I read the Harper's article correctly that Randy forwarded, the vested i= nterests, including many Democrats, have tried to conflate populists as the= ignorant productive farmers we now need to fill our Food Banks. We love o= ur farmers, truck drivers, toilet paper makers now. The goal of the Goldma= n Sachs Tribe is not to increase the commonwealth but to grab as much for t= hemselves and their clients as possible. As we we moved from workers to em= ployees and now Associates and Team Members our disrespect for production w= orkers continues. I am comfortable being identified as a populist as an updated Omaha Platfor= m person. Let's identify populism ourselves rather letting the vested inte= rests do it. We have become a financial economy rather a production economy. We can't e= ven produce protection gear for our beloved health care team members. Glen On Monday, April 13, 2020, 12:35:20 PM PDT, Henry, John <[log in to unmask][log in to unmask]>> wrote: Glen raises a most important issue. Just when/how did "populism" change fro= m a progressive term to one associated with all the things we AFEEers deplo= re? Huey Long may be a step in this development, but my recollection places= the change in a very recent period. When I started to see it used signific= antly, maybe 20-25 years ago, I thought that it was a misplaced reference t= o the real populists of the late 1800's. But, no..... So, why this term use= d to describe white nationalists, anti-immigrant, religious fanatics, etc.?= Someone has had to have written to this specifically. John P.S. AS much as I hate to admit, I did purchase Atkinson and Paschall Law a= nd Economics...., and actually read significant portions of the thing. For = those who haven't dipped their toes in these waters, I'd recommend they do = so. John F. Henry Levy Economics Institute of Bard College Email: [log in to unmask] ________________________________ From: AFEEMAIL Discussion List <[log in to unmask]> on behalf of Glen Atkinson <[log in to unmask][log in to unmask]>> Sent: Sunday, April 12, 2020 12:58:27 PM To: [log in to unmask] Subject: Re: Lock-down reading Thanks Randy. I recommend reading the "The Omaha Platform - The Launching= of the Populist Party" that was adopted in 1892 They wanted to eliminate tariffs, which was a major source of funding of th= e the federal government, and create a progressive income tax. The other s= ignificant source of federal revenue was land sales. The party wanted radical changes such as direct election of U.S. Senators a= nd secret ballots. They stopped short of other radical policies such as na= tional health insurance, but they did want to eliminate private banks and t= he Cross of Gold. We have been assisted to forget all of this by the folks= who opposed these measures and identify populism with the likes of Huey Lo= ng. What if we had adopted some the important planks in the Omaha Platform= ? Would it have stolen some of the appeal of the likes of Long? We will n= ever know, but it is worth considering. The situation facing mid-western g= rain farmers in the nineteenth century was quite different from the truly i= mpoverished southern farmers of the 1930s. The mid-western farmers were drawn into the mysterious price system system = created by the wider market that was enabled by transcontinental railroads.= You will see some of their gripes against the consequences of the railroa= ds in the platform. Forty acres and a mule would not help them. SELF PROM= OTION WARNING - See Atkinson and Paschall "Law and Economics from an Evolut= ionary Perspective 2016" , pp. 31-33 for a brief discussion of this develop= ment. It might be worth reading John Steinbeck's novel, East of Eden along with G= rapes of Wrath to appreciate the differences in agricultural communities. = Rosevile, CA became one the largest railroad yards in the nation because of= the economic goal portrayed in East of Eden. And it did become the larges= t ice facility in the nation. Steinbeck's talent was in connecting these = major developments to people's lives. We do remember Tom Joad as iif he we= re a natural -not a corporation- person. At least let us agree on what we mean when we reference populism. Glen On Sunday, April 12, 2020, 08:12:25 AM PDT, Wray, Randall <[log in to unmask][log in to unmask]>> wrote: All of us probably need some good reads to cheer us up in what will be a lo= ng lock-down. This is going to go on for months, maybe years, longer than o= ur pundits are now claiming. So hunker down and take a look at these uplift= ing pieces. Here's one on the upside to the downsides: Prepare for the Ultimate Gasligh= ting* = by Julio Vincent Gambuto Message: fight the return to normalcy. This is our opportunity to reflect o= n our unsustainable pre-crisis path. A remarkable piece by Tom Frank: https://urldefense.proofpoint.com/v2/url?u= =3Dhttps-3A__harpers.org_archive_2020_04_how-2Dthe-2Danti-2Dpopulists-2Dsto= pped-2Dbernie-2Dsanders_-3Ffbclid-3DIwAR0-2D8Qu6vpr-2DQBytnw7r1o04e8j6Ck2gM= k72Zyu5JUNs9FFFF4d1SMhqCSs&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlk= LF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DZ-4a9AisH5z0= FTbGCCDAYbn4UxwzBtcgbqF11AtnYCI&s=3DfN3edl4fMHy0BiRs0MMlqlsYSaCM0IFWFpg1TKr= eHmk&e=3D You will recognize all the memes raised against Bernie over the past 4+ yea= rs. It's Deja Vu all over again. Oh well, we've got Biden. Right. 4 more ye= ars of Trump. Sit down before you read this one; scariest one I've seen: https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.vox.com_2020_4_= 10_21215494_coronavirus-2Dplans-2Dsocial-2Ddistancing-2Deconomy-2Drecession= -2Ddepression-2Dunemployment&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWh= lkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DZ-4a9AisH5= z0FTbGCCDAYbn4UxwzBtcgbqF11AtnYCI&s=3DnbP-WFyj1An5P5hbWGJTIdW1Ewm1yGoB9HY5S= dtVKwg&e=3D https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__truthout.org_article= s_&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPd= bzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DZ-4a9AisH5z0FTbGCCDAYbn4UxwzBtcgbqF1= 1AtnYCI&s=3Dn2rO7Bh93i6cIxZKSIlwvbegL9brYhrZki6M1zT3VRk&e=3D venture-capit= alist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?eType=3D Email= BlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf maybe a bit pollyannaish but any big firm with a viable business plan would= survive bankruptcy so he's right; the bailout alternative is really for fi= rms with no reason for existence. Let them all fail. Great interactive piece in the NYT on inequality: https://urldefense.proofp= oint.com/v2/url?u=3Dhttps-3A__www.nytimes.com_&d=3DDwIGaQ&c=3DCu5g146wZdoqV= uKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57Vs= NLQ&m=3DZ-4a9AisH5z0FTbGCCDAYbn4UxwzBtcgbqF11AtnYCI&s=3Do2hqfY6VtEs2IlryxCd= ZzuraUVnEBSMBdMqheRCMokQ&e=3D interactive/2020/04/10/ opinion/coronavirus-= us- economy-inequality.html? campaign_id=3D9&emc=3Dedit_NN_p_ 20200410&inst= ance_id=3D17527&nl=3D morning-briefing®i_id=3D 77048444§ion=3DtopNew= s& segment_id=3D24620&te=3D1&user_id=3D 7280463403816570666b094c605ab2 40 MMT in the Guardian: https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__amp.theguardian.com_= &d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbz= w6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DZ-4a9AisH5z0FTbGCCDAYbn4UxwzBtcgbqF11A= tnYCI&s=3DNc0kOkmGaaIukXBYebGIdwHZhu8ii3HMA4rrSuuyi4o&e=3D commentisfree/2= 020/apr/09/the- guardian-view-on-the-covid-19- fight-it-can-be-paid-for?__ = twitter_impression=3Dtrue In Wash Post https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.washingtonpost.c= om_opinions_so-2Dlong-2Dbalanced-2Dbudgets-2Deveryones-2Dinto-2Dendless-2Ds= pending-2Dnow_2020_04_07_1e2d49f2-2D78f5-2D11ea-2D9bee-2Dc5bf9d2e3288-5Fsto= ry.html&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbu= jWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DZ-4a9AisH5z0FTbGCCDAYbn4UxwzBtc= gbqF11AtnYCI&s=3D0Z1PhUkGgnwGfQFD6gXH5TqP6iqw6v0iLqcTjS7zvEE&e=3D Could Modern Monetary Theory rescue us from the Covid-19 economic crisis? Full News Link : https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www= .moneycontrol.com_&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-w= wo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DZ-4a9AisH5z0FTbGCCDA= Ybn4UxwzBtcgbqF11AtnYCI&s=3D1OyNKKCApVGe4cf3oDZSgd7Uz1euwIkyjdwMxKzegto&e= =3D news/business/markets/could- modern-monetary-theory-rescue- us-from-th= e-covid-19-economic- crisis-5061071.html/amp Your chance for crowd funding of an MMT Documentary FINDING the MONEY Documentary Launch Dear Randall As you=E2=80=99ve hopefully heard, we are producing a documentary about the= most important shift to hit politics and economics in decades: Modern Mone= tary Theory. And we are excited to announce the launch of our crowd-funding= campaign as a crucial next step to bring the film to life! Today we are launching the campaign, website, and social media pages to share with t= he broad and diverse MMT community with a goal of raising $15,000. All dona= tions are tax deductible! Thanks to our fiscal sponsor Filmmakers=E2=80=99 = Collaborative SF. As someone on the forefront of MMT, you know it is more relevant to the pol= itical debate now than ever, with the urgency to respond to coronavirus and= mitigate the economic consequences. But you also know what a complex story this is. Politicians will not be the= first ones to come out and explain to the public how government financing = and taxes actually work. The groundwork for this debate must be laid; that = is the work many of you are doing today, and that is the work of this docum= entary. This campaign is important to show the size of the audience that is already= following and engaged with the MMT story, to show the potential for what I= know is a film that will have broad appeal, a story that will affect our d= aily lives, affect daily political decisions, and affect the planet. Visit = and share our GoFundMe page! Although $15k is not the full budget for the film, it will bring an editor = on board with the goal of completing a short film/work sample to release in= September 2020. The film will then expand into a feature length form to gi= ve the full picture perspective of the story, get to know the characters in= volved, the conflict and drama with top tier economists, and explore fascin= ating examples from the past 5,000 years of the history of money. Please share our GoFundMe page, or reach out to your = contacts individually. A $25, $50, or $100 tax-deductible donation will go = a long way in making this film a reality! And please follow us on social media below to continue to connect the ever-= growing MMT community. Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestions= , or advice! I would love to hear from you! I look forward to continuing on this journey with you. Take care of each other, and all my best, Maren Poitras https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.findingmoneyfilm.= com&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNP= dbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DZ-4a9AisH5z0FTbGCCDAYbn4UxwzBtcgbqF= 11AtnYCI&s=3D6gasg4SzBIUk7nMz18sG4i96OBa_6fzlyN6PB4D4D_8&e=3D [log in to unmask] L. Randall Wray Senior Scholar, Levy Economics Institute Papers: https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.levyinsti= tute.org_publications_-3Fauth-3D287&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX= _rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DZ-4= a9AisH5z0FTbGCCDAYbn4UxwzBtcgbqF11AtnYCI&s=3DwPxsYuXt-AGI-_JV9XslLhME7H4jym= WvqzvrkgFgxTQ&e=3D Professor of Economics, Bard College Emeritus Professor, University of Missouri-Kansas City Co-editor Journal of Post Keynesian Economics ISSN 0160-3477 (Print), 1557-7821 (Online) https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DZ-4a9AisH5z0FTbGCCDAY= bn4UxwzBtcgbqF11AtnYCI&s=3D4L7ZSK8Pzc-MjnYKnAEvG0Oz8O8xd9EgbiRvW65YWIk&e=3D= https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3A__www.tandfonline.com_t= oc_mpke20_current&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-ww= o&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DZ-4a9AisH5z0FTbGCCDAY= bn4UxwzBtcgbqF11AtnYCI&s=3D4L7ZSK8Pzc-MjnYKnAEvG0Oz8O8xd9EgbiRvW65YWIk&e=3D= Recent Books: A Great Leap Forward: Heterodox Economic Policy for the 21st Century; Randa= ll Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22n= d January 2020; https://urldefense.proofpoint.com/v2/url?u=3Dhttps-3A__www.= elsevier.com_books_a-2Dgreat-2Dleap-2Dforward_wray_978-2D0-2D12-2D819380-2D= 8&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=3DLtbujWNPdb= zw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DZ-4a9AisH5z0FTbGCCDAYbn4UxwzBtcgbqF11= AtnYCI&s=3DbOm1OPpyX6tGG9hLmQQr5Kyn9dtcMycr6JTMr3s7uhg&e=3D Macroeconomics; Author(s): William Mitchell, L. Randall Wray, Martin Watts;= Red Globe Press, Macmillan International; February 2019; https://urldefens= e.proofpoint.com/v2/url?u=3Dhttps-3A__www.macmillanihe.com_page_detail_Macr= oeconomics_-3FK-3D9781137610669&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6= kWhlkLF8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DZ-4a9Ai= sH5z0FTbGCCDAYbn4UxwzBtcgbqF11AtnYCI&s=3DzR6nyV-hlgKRjtx1h8bZMVc_LBw02vhW5z= 39hH-qXtg&e=3D . Why Minsky Matters: An Introduction to the work of a maverick economist, Pr= inceton University Presshttp://press.princeton.edu/titles/10575.html Modern Money Theory: a primer on macroeconomics for sovereign monetary syst= ems, Palgrave Macmillan https://urldefense.proofpoint.com/v2/url?u=3Dhttp-3= A__www.palgrave.com_page_detail_modern-2Dmoney-2Dtheory-2Dl-2Drandall-2Dwra= y_-3Fisb-3D9781137539908&d=3DDwIGaQ&c=3DCu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF= 8Eft-wwo&r=3DLtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=3DZ-4a9AisH5z0FT= bGCCDAYbn4UxwzBtcgbqF11AtnYCI&s=3DCRXa31lUvRDPaHX2ab1uyAZqmtOPJaomWvf0zmWil= KE&e=3D Please make note of my new email address as I will be transitioning all ema= il to: [log in to unmask] --_000_CY1PR01MB197732027DBA6C23754EC91FB0DA0CY1PR01MB1977prod_ Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: Quoted-printable

I agree with Glen and Bill and others.  This is= a gret discussion.  We should not forget that Juan, and later Evita, = Peron gave populismo a very bad name in Latin America. 

 

From: AFEEMAIL Discussion List <AFEEMAIL@L= ISTSERV.UNL.EDU> On Behalf Of Glen Atkinson
Sent: Monday, April 13, 2020 8:43 PM
To: [log in to unmask]
Subject: Re: [AFEEMAIL] Lock-down reading

 

My reference to Huey Long was in part speculative= .  However, I think the vested interests used such movements as Long's= to confuse the message stated in the Omaha Platform.  Call me an radical but I thought their goals were reasonable.  But I'= m not as radical as Mitch McConnell and his right wing Republicans are in C= ongress. 

 

If I read the Harper's article correctly that Ran= dy forwarded, the vested interests, including many Democrats, have tried to= conflate populists as the ignorant productive farmers we now need to fill our Food Banks.  We love our farmers, tru= ck drivers, toilet paper makers now.  The goal of the Goldman Sachs Tr= ibe is not to increase the commonwealth but to grab as much for themselves = and their clients as possible.  As we we moved from workers to employees and now Associates and Team Members our disrespe= ct for production workers continues.  

 

I am comfortable being identified as a populist a= s an updated Omaha Platform person.  Let's identify populism ourselves= rather letting the vested interests do it.  

 

We have become a financial economy rather a produ= ction economy.  We can't even produce protection gear for our beloved = health care team members.  

 

Glen            &nb= sp;

 <= /span>

On Monday, April 13, 2020, 12:35:20= PM PDT, Henry, John <[log in to unmask] du> wrote:

 

 

Glen raises a most importan= t issue. Just when/how did "populism" change from a progressive t= erm to one associated with all the things we AFEEers deplore? Huey Long may= be a step in this development, but my recollection places the change in a very recent period. When I started to see it used s= ignificantly, maybe 20-25 years ago, I thought that it was a misplaced refe= rence to the real populists of the late 1800's. But, no..... So, why this term used to describe white nationalists, anti-immigrant, relig= ious fanatics, etc.? Someone has had to have written to this specifically.&= nbsp;

 

John

 

P.S. AS much as I hate to a= dmit, I did purchase Atkinson and Paschall Law and Economics...., and actually read significant portions of the thing. For th= ose who haven't dipped their toes in these waters, I'd recommend they do so= . 

 

John F. Henry

Levy Economics Institute of Bard Col= lege

 

 


From: AFEEMAIL Discussion List <[log in to unmask]">[log in to unmask]> on behalf of Glen = Atkinson <glenatkinson@SBC= GLOBAL.NET>
Sent: Sunday, April 12, 2020 12:58:27 PM
To: [log in to unmask] NL.EDU
Subject: Re: Lock-down reading

 

Thanks Randy.  I recommend rea= ding the "The Omaha Platform -  The Launching of the Populist Par= ty"  that was adopted in 1892<= /span>

 

They wanted to eliminate tariffs, w= hich was a major source of funding of the the federal government, and creat= e a progressive income tax.  The other significant source of federal revenue was land sales.  

 

The party wanted radical changes su= ch as direct election of U.S. Senators and secret ballots.  They stopp= ed short of other radical policies such as national health insurance, but they did want to eliminate private banks and the Cro= ss of Gold.  We have been assisted to forget all of this by the folks = who opposed these measures and identify populism with the likes of Huey Lon= g.  What if we had adopted some the important planks in the Omaha Platform?  Would it have stolen some of the appea= l of the likes of Long?  We will never know, but it is worth consideri= ng.  The situation facing mid-western grain farmers in the nineteenth = century was quite different from the truly impoverished southern farmers of the 1930s.  

 

The mid-western farmers were drawn = into the mysterious price system system created by the wider market that wa= s enabled by transcontinental railroads.  You will see some of their gripes against the consequences of the railroads in= the platform.  Forty acres and a mule would not help them.  SELF= PROMOTION WARNING - See Atkinson and Paschall "Law and Economics from= an Evolutionary Perspective 2016" , pp. 31-33 for a brief discussion of this development.   

 

It might be worth reading John Stei= nbeck's novel, East of Eden along with Grapes of Wrath to appreciate the di= fferences in agricultural communities.  Rosevile, CA became one the largest railroad yards in the nation because of the econ= omic goal portrayed in East of Eden.  And it did become the largest&nb= sp; ice facility in the nation.  Steinbeck's talent was in connecting = these major developments to people's lives.  We do remember Tom Joad as iif he were a natural -not a corporation- person.&= nbsp; 

 

At least let us agree on what we me= an when we reference populism.   

 

Glen

 

  

On Sunday, April 12, 2020, 08:12:25= AM PDT, Wray, Randall <[log in to unmask] > wrote:

 

 

All of us probably need some good reads to cheer us up in wh= at will be a long lock-down. This is going to go on for months, maybe years= , longer than our pundits are now claiming. So hunker down and take a look at these uplifting pieces.

 

Here's one on the upside to the downsides: Prepare for the Ultimate Gaslighting* by Julio= Vincent Gambuto

Message: fight the return to normalcy. This is our opportun= ity to reflect on our unsustainable pre-crisis path.

 

A remarkable piece by Tom Frank: https://harpers.org/archive/2020/04/how-the-ant= i-populists-stopped-bernie-sanders/?fbclid=3DIwAR0-8Qu6vpr-QBytnw7r1o04e8j6= Ck2gMk72Zyu5JUNs9FFFF4d1SMhqCSs

You will recognize all the memes raised against Bernie over = the past 4+ years. It's Deja Vu all over again. Oh well, we've got Bide= n. Right. 4 more years of Trump.

 

Sit down before you read this one; scariest one I've se= en:

 https://www.vox.com/2020/4/10/21215494/coro= navirus-plans-social-distancing-economy-recession-depression-unemployment

 

https://truthout.org/articles/ venture-capitalist-stuns-cnbc- by-saying-we-should-let-hedge- funds-fail/?= eType=3D EmailBlastContent&eId=3D f85f10a9-b749-4087-a67f- 8c0c97db6ecf=  <= /p>

maybe a bit pollyannaish but any big fi= rm with a viable business plan would survive bankruptcy so he's right; the = bailout alternative is really for firms with no reason for existence. Let them all fail.

 

 

FINDING the MONEY Documentary Launch


Dear Randall
 
As you=E2=80=99ve hopefully heard, we are producing a documentary about the= most important shift to hit politics and economics in decades: Modern Mone= tary Theory. And we are excited to announce the launch of our crowd-funding= campaign as a crucial next step to bring the film to life!
 
Today we are launching the 
campaignwebsite, and social media pages to share with the broa= d and diverse MMT community with a goal of raising $15,000. All donations are tax deductible! Thanks to our fiscal sponsor Film= makers=E2=80=99 Collaborative SF.
 
As someone on the forefront of MMT, you know it is more relevant to the pol= itical debate now than ever, with the urgency to respond to coronavirus and= mitigate the economic consequences.
 
But you also know what a complex story this is. Politicians will not be the= first ones to come out and explain to the public how government financing = and taxes actually work. The groundwork for this debate must be laid; that = is the work many of you are doing today, and that is the work of this documentary.
 
This campaign is important to show the size of the audience that is already= following and engaged with the MMT story, to show the potential for what I= know is a film that will have broad appeal, a story that will affect our d= aily lives, affect daily political decisions, and affect the planet. Visit and share our&= nbsp;
GoFundMe=  page!
 
Although $15k is not the full budget for the film, it will bring an editor = on board with the goal of completing a short film/work sample to release in= September 2020. The film will then expand into a feature length form to gi= ve the full picture perspective of the story, get to know the characters involved, the conflict and drama = with top tier economists, and explore fascinating examples from the past 5,= 000 years of the history of money.
 
Please=  share our 
GoFundMe<= /a> page, or reach out to your contacts individually. A $25, $50, or $100 tax-deduct= ible donation will go a long way in making this film a reality!
 
And please follow us on social media below to continue to connect the ever-= growing MMT community.
Don=E2=80=99t hesitate to be in touch if you have any thoughts, suggestions= , or advice! I would love to hear from you!
I look forward to continuing on this journey with you.
 
Take care of each other, and all my best,
 
Maren Poitras
www.findingmoneyfilm.com
[log in to unmask]

 

 

 

L. Randall Wray

Senior Scholar, Levy Economics Institute=

 

Professor of Economics, Bard College

 

Emeritus Professor, University of Missou= ri-Kansas City

Co-editor Journal of Post Keynesian Economics
ISSN 0160-3477 (Print), 1557-7821 (Online)
www.tandfonline.com/toc/mpke20/current=
http://www.tandfonli= ne.com/toc/mpke20/current

 

Recent Books:

A Great Leap Forward: Heterodox Economic Policy for the 21st= Century; Randall Wray; Paperback ISBN: 9780128193808; Academic Press; Published Date: 22nd January 2020;&nb= sp;https://www.elsevier.com/books/a-= great-leap-forward/wray/978-0-12-819380-8=

 

Macroeconomics; Author(s): William Mi= tchell, L. Randall Wray, Martin Watts; Red Globe Press, Macmillan International; February 2019; https://= www.macmillanihe.com/page/detail/Macroeconomics/?K=3D9781137610669.

 

Why Minsky Matters: An Introduction to the work of a maveri= ck economist,