Keep your eye on this guy: 2012 Presidential Candidate Warren Mosler
We have never heard of him before today, but we think he is going to be the darling of the Tea Baggers in the not too distant future. Former Banker’s Trust Vice President Warren Mosler speaking about fiscal responsibility in Washington Park in Quincy Illinois for Lincoln’s Legacy Tea Party.
According to Mosler, Washington only needs to eliminate payroll taxes to pull the economy out of recession. His analysis of the actual operations of the monetary system calls into the question the need for money itself in our economy (as Re: The People have called into question the entire system of work on which the fiat monetary system is founded):
If you were to pay your taxes with actual cash, [the IRS] would take that money, give you a receipts, say, “Thank you.” And as soon as you left the room, they would take that money and throw it in a shredder. They have no use for it.
He then explains how Washington actually pays its bills.
Watch, as Saint Paul’s Wile E. Coyote moment emerges full blown in, of all places, the Tea Party Movement.
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