Money Movements across the Globe – Causes and Consequences
Seminar"/>

Money Movements across the Globe – Causes and Consequences
Seminar

Money Movements across the Globe – Causes and Consequences

Since 1945 trade and investment between nations has expanded rapidly. Yet despite the high quality of its workforce, vast amounts of natural resources, and tremendous amounts of physical capital, the United States persistently buys more from other countries than it sells to them. Politicians periodically accuse other nations of manipulating exchange rates to favor their exports, while ignoring (or pretending to ignore) the fact that the value of the US Dollar, once convertible into gold, has eroded over time.

In this class Allen Smith charts the growth of global trade, explains its accounting, and studies the money flows between nations. Allen analyzes the structural changes that took place in the US monetary system and the impact of the purchasing power of the US Dollar on the US trade deficit.

We kindly ask students to do some research and come prepared to discuss these topics:

  • January 29: The Foreign Exchange Market—What are consequences of floating exchange rates?
  • February 5: Do Trade Deficits Matter?
  • February 12: US Dollar as World Reserve Currency—For how much longer? What are consequences if this changes?

Note: This seminar is open to all, but priority will be given to students who have taken the course on Money and Banking.

Related upcoming events

  • 2022-07-11 6:30 pm - 2022-07-11 8:00 pm

    COULD LAND VALUE TAX BE THE ACHILLES HEEL OF CORPORATE RULE?

    Join us for a panel discussion on how grass-root organized resistance can hold corporate power in check.

    What happens when a multi-billion dollar transnational corporation faces organized resistance from residents in the city where it operates a major oil refinery? Richmond, California is a working class, lower income city, populated by majority people of color, and has been home to Chevron’s biggest refinery for over 100 years. For decades, the corporation used its ample financial resources to capture local government and regulatory agencies, allowing it to pollute surrounding neighborhoods while minimizing its tax payments. Marilyn Langlois will tell us how coordinated grassroots efforts by the Richmond Progressive Alliance and allied organizations have propelled people power in promoting health, fair taxation and democracy for their community. This will be followed by Joshua Vincent’s take on efforts by Chevron to undermine the movement for land value taxation in Philadelphia and what would have been needed to overcome them.

    Speakers:

    Marilyn Langlois is a member of TRANSCEND, an international network for peace through education, and guest editorialist for Transcend Media Service. She is also a community organizer and solidarity activist in Richmond, California.

    Joshua Vincent joined the Center for the Study of Economics (CSE) as Associate Director in 1993 and has served as Executive Director since 1997. At CSE, he has worked as a consultant to over 75 municipalities, counties, NGOs, and national governments. He has testified as an expert witness on the impact of land taxation, from the municipal level up to state legislatures in Texas, Connecticut, Maryland, Indiana and Ohio. Since 2000, Vincent and CSE have conducted over 50 land tax impact studies for cities all over the US.

    Discussant:

    Alanna Hartzok is transpersonal psychotherapist and a Tax Shift Projects Admin, twice US Congressional Candidate (Democrat and Green Parties), and author of The Earth Belongs to Everyone (Radical Middle Book Award). She was instrumental in the passage of tax reform legislations in Pennsylvania and administers the International Union for Land Value Taxation.

    Note: This is an online event. Access information will be made available after registration.

    Date: Mon, July 11, 2022
    Time: 6:30 PM – 8:00 PM EDT

    REGISTER NOW

    A link to join the online webinar will be provided via email before the start of the session.