Warren Mosler

He is a co-founder of the Center for Full Employment And Price Stability at University of Missouri-Kansas City[1] and the founder of Mosler Automotive.

[6] Mosler has run as an independent for multiple offices including: United States president,[7] a delegate to Congress three times,[8] and lieutenant governor.

After his departure at the end of 1997, Warren's former business lost money when several dealers refused to make payments on credit default swaps on Russian debt.

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

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

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

Specifically, Mosler's law states that "[...] no financial crisis [is] so deep that a sufficiently large fiscal adjustment cannot deal with it.

According to Mosler, this would cut gasoline consumption and pollution since automobiles run more efficiently at slower speeds, while also greatly increase the demand for public transportation.

[24] He states that such an initiative would eventually lead to a supply shock forcing prices down, and improve real terms of trade.

[24] Mosler supports government purchases of houses in the foreclosure process from the bank at the lower of the fair market value or remaining mortgage balance.

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

[8] In 2014, Mosler ran for lieutenant governor of the U.S. Virgin Islands as an independent,[10] but quit the race early due to a difference of opinion with his running mate Soraya Diase Coffelt.

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.

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.