Warren Mosler, one of the founders of Modern Monetary Theory (MMT) joins George and explains his views on how the U.S. Banking System really works.


2003 – Present, relocated Valance Co, Inc. the corporation that owns the shares of III Offshore Advisors and III Advisors, the companies that manage AVM and III, to the US Virgin Islands from Florida, where he currently resides and conducts his principle business activities.

1983 – Present AVM, L.P. Founder and Principal – AVM is a broker/dealer that provides advanced financial services to large institutional accounts.

1982 – Present: Founder and Principal, Illinois Income Investors (III) – Developed numerous successful strategies that utilized US Government securities, mortgage backed securities, LIBOR swaps and LIBOR caps, and financial futures markets in a market neutral, 0 duration strategy. Originated the ‘mortgage swap’ in 1986. Orchestrated the largest futures delivery to date (over $20 billion notional) in Japan in 1996. Created the current euro swap futures contract.

1978-1984 – William Blair and Company, Chicago – Founded fixed income arbitrage department. Developed numerous successful trading strategies in fixed income and derivative product markets.

1976-1978 – Banker’s Trust NYC, Vice President, Sales and Trading – Instituted active forward markets in GNMA securities trading. Designed arbitrage strategies utilizing newly emerging financial forward and futures markets.

1975-1976 – Bache and Co. – Fixed Income Institutional Sales

1973-1975 – The Savings Bank of Manchester – Pioneered the use of synthetic short term investments with long term securities and forward markets.

Enterprise National Bank: Director and major shareholder.

Chairman and majority shareholder of Consulier Engineering

President and founder of Mosler Automotive (www.moslerauto.com) which manufactures the MT900 sports car in Riviera Beach, Florida.

Co-Founder and Distinguished Research Associate of The Center for Full Employment And Price Stability at the University of Missouri in Kansas City. CFEPS has supported economic research projects and graduate students at UMKC, the London School of Economics, the New School in NYC, Harvard University, and the University of Newcastle, Australia.

Associate Fellow, University of Newcastle, Australia


Warren’s Homepage