Outside of the world of global economics and finance – you may not have heard of Warren Mosler. But, Mosler is arguably the one of the world’s biggest leaders in MMT and he’s consulted with some of the best and brightest Europe has to offer – as well as the United States.
In 2010 Mosler published Seven Deadly Innocent Frauds of Economic Policy outlining errors that can be made in the development of policy and explains what he deems “true” as proper alternatives.
In 2012, Mosler followed up with Soft Currency Economics II as CNBC calls him, “one the brightest minds in finance.”
So, it’s not only eye catching that Mosler writes on his Facebook page of his support for Bernie Sanders – it’s also newsworthy.
It’s so important that it got me working on a Sunday morning as I followed up with Mosler for any clarification. I asked him if this was his endorsement of Sanders: “Yes, I’m officially endorsing him.”
Why it matters:
Bernie Sanders may be a long shot and it’s certainly true that the mainstream media isn’t giving him his due – but that isn’t Mosler’s focus. Mosler is concerned about global economies and unemployment. He wants world leaders to understand fiat currency policy and management – and if they don’t (or can’t) understand, Mosler wants them to put economic advisers who do understand in key positions.
Mosler has a way of putting complex issues into sentences we can understand – as evident in his twitter bio and his quote on taxation:
The United States government makes the money they spend, literally out of air– and it’s taxed back to the government making the dollar strong. But, taxation also causes unemployment – it’s a balancing act.