Daily Topics - Tuesday February 19th, 2013
By shawnt56
Catch The Thom Hartmann Program LIVE 3-6pm ET M-F!
Hour One: Media cover up on the plan to burn Dorner alive... Max Blumenthal
Hour Two: The REAL reason the GOP is pushing for sequester - Jamie Weinstein, The Daily Caller
Hour Three: Could a new monetary system save America...and the world? Professor Steve Keen, Economist
Comments
#2
For hour three, I think you mean financial system, not monetary system. I was expecting talk about currency production or something. Not that I was disappointed by the actuality, mind you.
When it comes to currency, though (flimsy excuse for me to blab!), if we ever get around to issuing "new dollars", I'd like to see them use a ratio greater than 100 between units. Considering that we now regularly talk about trillions of dollars, why do we bother with that piddly little ratio of 100 between cents and dollars? So I'd have the penny (the term "cent" wouldn't make sense) be at the bottom, then have 1,000,000 pennies (i.e. 10 thousand old dollars) be a shilling, and the new dollar would be 1,000,000,000,000 pennies = 1,000,000 shillings = 10 billion old dollars.
Cash purchases would be thought of in pennies, purchases made with loans, liens, mortgages, etc. would be thought of in shillings, and national-government-level expenditures would be thought of in dollars. E.g. where we were talking about trillions of old dollars, we can talk about hundreds of new dollars.
#3
I agree about term limits in general--that elections are the term limits--but the system of electing legislators that I came up with would really have to have some, because otherwise it would be nearly impossible to get someone out of office.
#4
I contributed $10 today to Warren. It was worth it for her committee question to the administration do-nothings trying to cover their posteriors. What a breath of fresh air! Anyone else want to reward her?
Thom's Blog Is On the Move
By webmaster
Hello All
Thom's blog in this space and moving to a new home.
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