Re: [gang8] Chartalism and Hyperinflation

["William B. Ryan" <william_b_ryan@xxxxxxxxx>]

First, Henry, if you think my email is "slanderous",
posting it to the gang8 list gives it further
distribution, making you complicit.  As you know, I am
excluded from the list.

Second, unlike China, we in the United States have the
right to free speech.  I will not be intimidated by
the threat of a lawsuit, even from a multimillionaire
such as yourself.  Yes, unlike China, we personally,
have the right to bring lawsuit to redress grievances,
for any reason whatever, against anyone, even against
the government.  We have open courts that conduct
themselves by the rule of law, unlike China.  I'll
welcome the chance to let it all hang out in front of
an American judge or American jury.  So, bring it on!
China, for God's sake, executes tens of thousands in football stadiums with a bullet to the back of the
head, without so much as the pretense to due process.  It is the Taliban on a grand scale.  Shaky fingers in China, for God's sake, are near buttons that when pressed will launch missiles tipped with hydrogen
bombs toward cities in the United States.

Third, Mosler's "Chartalism" is just a new name given
to fascism pure and simple.  All you have to do is
read fascist and nazi theoretical tracts from the
1920s and 1930s to see it.  And the archives of gang8
are full of it, with postings from yourself and a
certain "economist."  All this talk of the necessity
for "onerous" taxes, "taxes, taxes, taxes",
the "punitive origin of money" and so on.


--

On Fri, 25 Jan 2002 19:55:48
 Henry C.K. Liu wrote:
>You should be careful about your slendering lest you should find
>yourself the target of a lible suit.  I do not have any financial
>involvement with any firms, organizations or "fronts" of the Chinese
>government, (as if that were a crime).  If you have evidence to the
>contrary, you should so present it.  My support of the Chinese
>government has been life long and not opportunistic, as you imply.
>Frankly, I find your Yankee chauvinism insufferable, particularly when
>you try to force feed it to non-Americans.
>
>For your information, my connection to the Bush adminstration is equally
>impressive.
>
>Henry C.K. Liu
>
>"William B. Ryan" wrote:
>
>> And what message is that?  Surely you must have
>> skimmed through Henry's post superficially, not
>> actually read it.  Certainly you do not agree with
>> this:
>>
>> "Market forces can operate only if the political
>> authority chooses to allow them to operate, and only
>> to the extent envisioned by the political
>> authority."
>>
>> I've read every one of Henry's posts since be first
>> began posting to PKT.  Somewhere along his attitude
>> changed completely: he began kowtowing to the line of
>> the Chinese communist regime.  Perhaps he saw himself
>> becoming an important adviser.  "Chartalism" fit
>> perfectly in with it.  Before his attitude was quite
>> liberal, even at times libertarian.
>>
>> I tell you, Moslerian "Chartalism" is dangerous to
>> this extent: it can become a "Western" or "market"
>> justification for continuing or even extending
>> authoritarian policies.  It becomes "acceptable"
>> justification for the policies they are already
>> following.
>>
>> Henry does indeed have some influence.  He invests
>> funds from various "front" corporations of the Chinese
>> government in the United States and elsewhere.  He
>> does have important connections.  People do listen to
>> him.
>>
>> --
>>
>> On Thu, 24 Jan 2002 05:06:01
>>  Ggard97342 wrote:
>> >Good paper, Henry. Hope the PKTers got the message.
>> >
>> >Geoffrey
>> >
>
>