Bulgaria of Labor & Reason

by Serban V.C. Enache

BTR [Bulgaria of Labor & Reason] is a newly registered political party in Bulgaria. Their economic platform is based on MMT & Georgism, and they desire to get the country out of the EU and out of NATO. I’ve made two promotional clips for them in solidarity with their political aims.

Bulgarian Version

English Version

Also check out their website, Bulgaria MMT.

Oswald Mosley, a founder of MMT?

by Serban V.C. Enache

I will let the readers decide.

Here are Mosley’s Birmingham Proposals (1925, back when he was part of the Labour Party), quoted in his book, My Life (pp. 188-189); Black House Publishing Ltd. Kindle Edition. Continue reading “Oswald Mosley, a founder of MMT?”

Retirement Age, ’50s Women, Pensions, Contributions, and LVT

Solving the Mess

by Serban V.C. Enache

A few months ago, I wrote an article (Justice for the WASPI and All Pensioners) in which I proposed a return to the previous (lower) retirement age, for both men and women. I made the argument that as technological progress makes societies more efficient and productive with fewer and fewer labor inputs required – it makes no sense to force people to work longer and retire later. Continue reading “Retirement Age, ’50s Women, Pensions, Contributions, and LVT”

Debunking UBI funding schemes

by Serban V.C. Enache

There are a number of people on the internet, supporters of Universal Basic Income or Basic Income Guarantee, who peddle regressive taxation to “pay for” the program. The most common funding schemes you’ll find on the internet consist of: VAT (Value Added Tax) or a Tax on all financial transactions – the latter’s final goal being that of replacing all other taxes. Continue reading “Debunking UBI funding schemes”

How to Leave the Euro

A more or less Practical Guide

by Serban V.C. Enache

1) The Government spends and taxes in its own free floating fiat currency. It no longer accepts euros (or any other currency) in payment of Government (central and local) fines, fees, taxes, imposts etc.

2) The Government sector (aka the Treasury and the Central Bank) establishes a desired conversion rate between the new currency and the euro. For example, the Central Bank offers to sell 1 unit of new currency for 1 euro at a slight premium, say 0.5 or 1 percent.

3) No compulsory conversion of euro contracts into new currency contracts. It is enough to establish a level of demand for the new currency (giving it extrinsic value) through sound tax policy and adjust supply of said currency to the desired price. Continue reading “How to Leave the Euro”