Re: unemployment

[Warren Mosler <mosler@xxxxxxxxxxxxxx>]

HI Sven-

I'm leaving for Australia April 8 in the evening.
Are you still around the 7th, etc?

Let me know!

As for elr, I think of it as the 'base case'
for a monetary system with a floating exchange rate.
That is, a govt first 'wants' something (real goods
and services, usually) and to get it levies a tax, and
then offers its currency in return for what it wants.
As single supplier of the units of currency payable to
it, it will get what it wants on its terms.
>From there it could readily move towards what we
are doing today, set up a tsy, cb, reserves, etc.
but I would wager it would not.  We have all this
stuff as a residual from another, fixed exchange rate,
era.



Best,
w


-

-- Sven R Larson <larson@xxxxxx> wrote:
> Thanks, Mat, for posting Randy's comments on ELR. I
> can endorse this a long way down the
> road; apparently there is a major difference between
> the Australian and American threads
> of thought around this issue.
>
> Keynes,
> /srl
>
>
> --
> Sven R Larson
> Ph.D.; Assistant professor of economics
> Department of Social Sciences, 22.2
> Roskilde University
> PB 260
> DK-4000 Roskilde, Denmark
> http://www.ruc.dk/english/
>
>


=====
http://www.warrenmosler.com
      http://www.moslerauto.com

Time flies like an arrow,
Fruit flies like a banana.

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