31 Facts About Warren Mosler

Warren Mosler was born on September 18,1949 and is an American hedge fund manager and entrepreneur.

Warren Mosler is a co-founder of the Center for Full Employment And Price Stability at University of Missouri-Kansas City.

Warren Mosler was awarded an honorary doctorate by the Franklin University Switzerland, and in 2014 was appointed Visiting Professor at the University of Bergamo, Italy.

Warren Mosler has run as an independent for multiple offices including: United States president, a delegate to Congress three times, and lieutenant governor.

Warren Mosler attended the University of Connecticut where he graduated with a degree in economics.

Warren Mosler initially went on to work at the Savings Bank of Manchester in Manchester, Connecticut in 1973.

Separately, Warren Mosler attributed the crisis to the fixed exchange rate Russia had at the time.

Excited to share his various economic theories, Warren Mosler met economist Arthur Laffer through a referral from Donald Rumsfeld.

At a meeting of Social Policy in NYC, William Vickrey suggested Warren to seek out postkeynesian economists L Randall Wray, Bill Mitchell, and Stephanie Kelton to discuss his ideas.

Laffer his staff economist Mark McNary, who provided editorial and research assistance in Warren Mosler's self-published monograph, "Soft-Currency Economics".

In recognition that his "leadership in the field of economics is notable" Warren Mosler was awarded an honorary doctorate from Franklin University Switzerland in 2014, after the Warren Mosler Economic Policy Center had promoted a lecture about functional finance at Franklin the year before.

Warren Mosler is attributed with creating Mosler's law dealing with fiscal policy of a nation during a recession.

Warren Mosler opposes overly high taxes since they discourage consumption within an economy but does agree a certain tax level is needed to guarantee citizens use the dollar as a currency.

Warren Mosler is confident that inflation is a non-factor in his analysis given current procurement policy as long as there is sufficient excess capacity.

Warren Mosler stresses that federal spending is in no way constrained by tax revenues, therefore the government will always be able to make payments in its own currency, stating "Federal Government checks don't bounce".

Warren Mosler goes on to state that any and all debt passed on to future generations will never be burdensome, since they will undoubtedly consume whatever is produced.

Warren Mosler developed much of his belief from his time as a hedge fund manager when many investors predicted the Italian government defaulting on bonds, whereas he predicted, correctly, that Italian government would not default and thus made considerable returns.

Warren Mosler supports eliminating the income tax and replacing it with a real estate tax to "anchor the currency".

Warren Mosler supports eliminating tax advantages for any savings accounts, since he states savings do not increase investments necessarily.

In February 2009, Warren Mosler declared his candidacy with the Federal Elections Commission to run for the office of President of the United States as an independent.

Warren Mosler has run unsuccessfully three times for US Virgin Islands delegate to the United States Congress; his last congressional race was in 2012.

In 2014, Warren Mosler ran for lieutenant governor of the US Virgin Islands as an independent, but quit the race early due to a difference of opinion with his running mate Soraya Diase Coffelt.

Warren Mosler developed several luxury sports cars and supercars, including the Consulier GTP and the Warren Mosler MT900.

Warren Mosler's models were marked by excellent performance and high speeds.

Warren Mosler was so confident about one of his models, the Consulier GTP, that he offered a bounty of $25,000 to anyone who could beat it in a race.

Warren Mosler noted that the model used in the race was a worn-out Consulier and even so offered to pay if he was allowed to use his own driver and replace the brake pads.

Warren Mosler subsequently offered the challenge once more for a higher bounty of $100,000 and held an event at Sebring where the Consulier again proved to be far quicker than any other road car.

Warren Mosler designed his own catamaran that he prides on being much lighter, faster, and more fuel-efficient than other models.

Warren Mosler is operating a unique 'tandem' four-hulled ferry that doesn't promote sea sickness to take passengers from St Croix to St Thomas.

Around 2010, Warren Mosler relocated to the US Virgin Islands in order to participate in a government-sponsored economic growth initiative.

In 2013, the New York Times described Warren Mosler as "transitioning into an active retirement".