Daily Archives: December 11, 2012

My Appearance Today on The Attitude

I appeared today on The Attitude with Arnie Arnesen, broadcast by WNHN 94.7 in Concord, New Hampshire.   The topic of our discussion was full employment, and the possibility of moving to a full employment economy by using a Job Guarantee program.

Deborah “Arnie” Arnesen is a former member of the New Hampshire House of Representatives, a former fellow of the Harvard Institute of Politics, and was the Democratic nominee in the New Hampshire 1992 gubernatorial race.  She also ran for the U.S. Congress in 1996, and is a very well-known New Hampshire political figure and radio personality.  You can listen to the podcast of the show at the link below:

“The Attitude” with Arnie Arnesen on WNHN 94.7 FM

An Alternative Meme for Money, Part 6: Alternative Framing on Inflation

By L. Randall Wray

As we have discussed, sovereign government cannot run out of the keystrokes it uses to mark-up balance sheets as it spends. Does our argument rely on modern technology, that sends electrons or photons (I’m not sure which) pulsing through copper or fiber-optic lines? No, of course not.

Government always spent by notching hazelwood, imprinting clay, stamping coins, chalk on slate, or “running the printing press”. There has never been another alternative. These marks or electronic entries represent government IOUs. Continue reading