Contact
If you are interested in having Warren B speak or any other inquiries, please contact the managing editor.
People who work on the site:
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SADA MOSLER Managing Editor 5000 ESTATE SOUTHGATE CHRISTIANSTED, USVI 00820 Email: smosler@valance.us |
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MORGAN LOCKE Editor 5000 ESTATE SOUTHGATE CHRISTIANSTED, USVI 00820 Email: morgan.r.locke@gmail.com |
September 2nd, 2008 at 8:31 am
Sada:
How’s Warren doing?
We’re thinking of him and wishing him a speedy recovery.
Peter and Kiki Karpen
September 3rd, 2008 at 3:49 am
Sada what has it been like living in hurrican alley? I never realized you lived in such isolation. I used to live in palm beach but insurance rates were too prohibitive and the carrying costs were unbelievable. How much does an 8 oz steak and gallon of milk cost? Thanks.
September 4th, 2008 at 9:24 pm
Hi,
Yes, prices are higher here, maybe 25% on most things apart from gasoline which is relatively cheap as we have an oil refinery on island.
Power goes off quite a bit, so we have generators. Travel is complicated by limited flights, and merchandise and food in the shops are limited as well.
These all are weighted against the weather, scenery, clear blue seas, and a marginal US income tax rate under 4%.
September 6th, 2008 at 10:28 am
4% taxes?!? I could live off my vanguard mutual funds and gubbment pensions with such low taxes. With the gubbment primed to raise our taxes soon I am selling all my continental US real estate and moving to your paradise. Thanks! I lived in Hawaii for 3 years and I love island life, but it was just becoming too crowded on Oahu and the other islands were so expensive.
September 6th, 2008 at 5:33 pm
YOU HAVE TO HAVE AN ELIGIBLE BUSINESS, MOVE IT HERE, KEEP A MIN OF 10 EMPLOYEES, LIVE HERE 183 DAYS A YEAR
AND PORTFOLIO INCOME DOESN’T COUNT
September 8th, 2008 at 1:14 am
Warren do you have 10 employees working for you? I thought it was just you and Sada? How do you qualify then?
September 8th, 2008 at 7:40 am
I have a total of 10 or more Valance employees. Busy office! Sada does the blog.
September 8th, 2008 at 11:45 am
Hey warrent just thought I’d put up a post. A few things. First Seda I do actually enjoy feeding the fish on the main page, it’s more fun than it sounds. Secondly, Warren I don’t understand alot of the lingo in this blog.. would you be able to suggest a book that i could give a good reading so that i may be able to understand the economic language. finally warren send me an email so i can save your email address and get in touch with you about this property.
September 8th, 2008 at 12:25 pm
Hi Joe!
Start with ‘Understanding Modern Money’ by Prof. Randall Wray. If you can’t find it on line email me at warren.mosler@gmail.com and I’ll find one for you.
Still in normal rhythm although it did seem to fall out Friday am, but by the time I got to the cardiologist’s office it was normal again. Pulse up in the 80’s but the doc’s say that’s ok. Other than that, walking a mile with ease, going out on the boat, etc.
September 9th, 2008 at 4:39 pm
Warren: I talked to my travel agent today - they say I can take a cruise with Carnival from cocoa beach to st. maarten for about 500 dollars for a 7 day cruise exterior cabin. Is that the best island to see or should I look at another?
Do you know of a cheaper way for me to come visit your island or does that sound reasonable? As to the 10 employees - humm, I know I listened to a jimmy buffet record once about employing the local island people to comply with certain tax laws, I am retired and live off my vangaurd mutual fund returns, but perhaps there is some business I could start and employ some locals. I would need a maid, a cook, a driver, a landscaper, a pool boy, a tennis coach, a massuese etc etc I am sure I can find 10 employees.
Right now I come under the capital gains tax laws and that takes the biggest chunk of my dollars of all my expenses, but I fear very soon that Obama is talking maybe 30% of my cut with new taxes and then my quality of life will go way down and all those people I spend big money on at the restaurants and trips and travel agencies and businesses will not get as much money from me, so I want to do the right thing and keep as much as I can to spend on the locals, I hope to visit your island in the next month or so. Is that a good time?
Joe: I also like feeding the virtual fish - I have spent hours and hours just making the fish move around, I think they are beta fish, in real life my pet store owner friend say beta fish attack each other if you put them too close, but maybe they are not beta fish.
September 9th, 2008 at 10:23 pm
st martin is about 100 miles away. st thomas is about 40 miles. there are supposed to be some cruise ships stopping here next year but don’t know which ones.
drop in any time!
book a room at the tamarind reef hotel, 340 773 4455
September 23rd, 2008 at 2:14 pm
Sada,
My new computer runs Windows “Vista” premium.
When I log onto your site with it, the screen goes black and says the pages aren’t compatible with it and it switches to Windows “basic”. Works just fine once it comes back on. You might want to check on that…never saw that before.
Thanks,
Rob K.
September 25th, 2008 at 3:53 pm
So how do we relay the info to congress that 700 billion to save the banks is actually counter productive? this whole issue is making me kind of nervous… good thing i have job security.
September 25th, 2008 at 5:04 pm
Hi Joe, I’m trying, but no one’s listening. The program won’t do any harm that I can think of, but not much, if any, good either.
the biggest risk is the let down after it’s in place and nothing much is happening
and now oil is going up again. just what we need!
September 25th, 2008 at 8:48 pm
From our friend Dr. Galbraith in todays Washington Post:
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/24/AR2008092403033.html?hpid%3Dopinionsbox1&sub=new
I emailed the Mosler Plan to my Senators and Congressman (with appropriate edits in the case of the 2 republicans :p, I figured they wouldn’t be too enthusiastic about the full employment program)
Only the Democrat (Sherrod Brown) replied:
September 26th, 2008 at 7:04 am
Thanks!
It reads like he didn’t even read it.
September 26th, 2008 at 8:13 am
That tears it. As much as I’m leary about Obama’s background, and particularly the prospect of a piling on of affirmative action at every level of society (look at SA to see how that’s working out), I have to vote for him just on the off chance he’ll actually listen when Jamie Galbraith’s in the room.
October 9th, 2008 at 5:13 pm
Warren,
Care to elaborate how the payment of interest on reserves changes your work on money? The Fed can presumably buy up any quantity of financial assets and maintain the Fed Funds rate … of course that might completely shut down all lending.
October 9th, 2008 at 5:14 pm
Warren,
Overall question:
Have we hit bottom?
Thanks!
Rob K.
October 10th, 2008 at 3:58 pm
yes, though no one answered, I think this morning was the bottom!
can anyone confirm margin calls sent out in the last week caused funds and hedgie’s to reduce leverage caused the decline?
thanks!
October 10th, 2008 at 9:26 pm
functionally, a tsy sec is an interest bearing deposit at the fed, so functionally paying interest on reserves means the fed doesn’t need collateral to do ‘matched sales’ / reserve drains.
so yes, they can now buy collateral without having the ‘extra work’ of doing some kind of reserve drain to keep the ff rate on target.
Not sure about this being a bottom. might want to wait for the eurozone to shut down. unless it’s going to survive as is and be pulled up by exports. hard to see how that can happen, but agreed it theoretically possible.
October 15th, 2008 at 5:33 pm
Warren,
You left a comment on Brad Setser’s blog post this morning referring to a “totally confused” discussion following my comment there on the “money multiplier”. I wouldn’t disagree.
I’ve scanned your “Required readings – Soft Currency Economics” on the subject, which looks very impressive. If you have time to respond, I’d be interested in knowing if you took exception to anything in particular in my comment on the Setser post (reference below). My first impression is that it is fairly in synch with your paper.
(I did include an overly general point on capital at the conclusion of my comment, which may well have led to some of the ensuring confusion, and would have been better left out.)
Thanks.
My comment at Setser’s:
October 14, 2008 9:59 p.m. JKH
http://blogs.cfr.org/setser/2008/10/13/an-unlimited-guarantee-requires-unlimited-access-to-financing/
October 24th, 2008 at 7:18 pm
Sada,
The new format is interesting but a little annoying. Is there a way to display on the home page the date/time of the recent post? It’s a little cumbersome to find the ‘new’ posts, or am I just missing something?
Rob K.
October 25th, 2008 at 1:52 am
Hi Rob,
I noticed that you have just registered for the site. Make sure that you are on the website and not looking at the dashboard. There is a ‘View Site’ button on the top.
The only change on the website is the ‘Recent Comments’ format; the rest is the same as before. The newer posts are listed on the left sidebar under the category ‘Recent Posts’.
Email me if you have any more questions!
-s
October 25th, 2008 at 11:57 pm
Rob I agree with you, is annoying. The way the comments show now, you don’t just get the new comments, but new comments mixed in with old comments too. IE comments no longer sorted by time posted. I liked the old way better, quicker access to new posts. As Obama says though, time for change eh? Sada - what is up with this registration stuff? My granpappy said rich elitists that started requiring registration were like those bankers who made prices really high so us common folk couldn’t encroach - encroachment by common folk who don’t do as you like really bother some of you folks don’t it? Don’t be like that, Obama gonna be our first black prez - encroachment is a good thing - expands your horizons - censorship and control through registration is for losers that killed socrates - don’t be like that!! Before you know it you will want to be charging for access to this stuff, I can see the $$$ signs rolling in your eyes now! How much money and low USVI taxes is enough?!?!?
October 26th, 2008 at 1:10 am
Registration is optional.
The new comments are still on top.
Latest 50 are on the left, grouped first by recency, then by post.
Email me if you have any subsequent problems.
Thanks.
October 26th, 2008 at 2:23 pm
Sada,
A BIG THANKS for dating each post.
Problem SOLVED!
Thanks!
Rob K.
October 28th, 2008 at 12:55 pm
Hi Warren,
I am leaving comments across the web about the payroll tax holiday.
As long as people are talking about it, why not try to influence the direction of the debate?
http://www.motherjones.com/kevin-drum/2008/10/stimulate_me.html#comments
http://www.econbrowser.com/archives/2008/10/pocketfull_of_m.html#comments
October 28th, 2008 at 5:21 pm
thanks! hope to get on it tonight. been way too busy!
November 13th, 2008 at 4:09 pm
Pleased to come upon your site and sounds like there are a few heads screwed on right. I’m USA in Ukraine and have an idea, now that the US national elections are over. Keep and eye on third party Bob Barr. If he picks up on Richard Gage AIA movement and hammers Bush for creating the problem and stalemates Obama & Pelosi in calling for new independent commission with subpoena powers in September 11, 2001 WTC then there will be some fur flying for the next four years. GOTO Gage url Structural Engineers point out that there was a controlled implosion and that building fires don’t melt steel. The 911 movement has spread across Europe - they are apolitical and I’m just a member of the Ukrainian Academy of Science watching the federal reserve note dance its way into oblivion. Добрый вечер!
November 13th, 2008 at 4:24 pm
Sorry but wisdom of website didn’t print Richard Gage AIA’s website but if you’d care to have Google search I’d recommend that you enter his name plus “911″. There’s over 500 structural engineers, and registered architects calling for a new look at the controlled demolition of twin towers and their questions about the same in the 47 storied WTC-Bldg 7 which didn’t get any debris fall on it or an airplane crash into it.
November 18th, 2008 at 10:53 am
Hi Warren,
My copy of “Understanding Modern Money” arrived yesterday. It is excellent so far.
“…it is not the issue, but the acceptation, which is decisive.”
I’ve reached page 25, as you can see.
regards,
Mike