This is Ray Phenicie's Typepad Profile.
Join Typepad and start following Ray Phenicie's activity
Join Now!
Already a member? Sign In
Ray Phenicie
Recent Activity
"Now we have McCain saying that the US should launch a rescue operation in Nigeria whether or not it has the agreement of the Nigerian government." Sending U. S. Military to Nigeria is a violation of U. S. treaties as there are many accusations of human rights violations that have been lodged against the Nigerian Military forces. 'The Leahy Law or Leahy amendment is a U.S. human rights law that prohibits the U.S. Department of State and Department of Defense from providing military assistance to foreign military units that violate human rights with impunity.' From the legislation: "(a) IN GENERAL. – No assistance shall be furnished under this Act or the Arms Export Control Act to any unit of the security forces of a foreign country if the Secretary of State has credible information that such unit has committed a gross violation of human rights. "
A general Theory that explains Fiscal and monetary policy is not generally understood by the general populace. Were our political leadership to move into the territory defined by Modern Money Theory, we might have a bit of a row started at many levels in our society. There are still a vast majority of folks in this country who see moral barriers to a fiscal policy that would say involve creating jobs or subsidizing medical care and housing. Modern Money theory is best defined at http://modernmoney.wordpress.com/2010/07/12/3-essential-features-in-modern-money/ Having put out the idea of radical change that borders on revolution, one can safely say we will fall deeper into recession until a vast majority of American are able change their thinking and endorse positive fiscal policy. Horror of Horrors-run up the government debt to work social Policy? Modern Money Theory (MMT) calls for the sovereign issuer of the currency (the U. S Treasury should be but the Fed takes on that duty) to be able to offer counter-cyclical movements that would quickly steer our economy back to fuller production than our current bouts of stagnation and recession. Even the so called brief recovery was really nothing more than the stirrings of small current when we should see a mighty torrent of activity.
1 reply
Ray Phenicie is now following The Typepad Team
Mar 10, 2013