Warren Mosler

Valence Co, Inc

Warren Mosler holds a BA in Economics from the University of Connecticut, and is currently the President of Valance Co, Inc. located in St. Croix in the US Virgin Islands.Mr. Mosler was previously appointed Senior Financial Advisor to Senator Ronald E. Russell, President of the 29th Legislature of the U.S. Virgin Islands.

He also serves as Chairman and majority shareholder of Consulier Engineering (CSLR), and the Founder and Principal of AVM, a broker/dealer that provides advanced financial services to large institutional accounts. He previously founded the III Funds, which currently manages about $3.5 billion; as well as Mosler Automotive, which manufactures the MT900 sports car in Riviera Beach, Florida.

Mr. Mosler pioneered numerous investment strategies that utilized US Government securities, mortgage backed securities, LIBOR swaps and LIBOR caps, and financial futures markets in market neutral, 0 duration strategies. In 1986, he originated the ‘mortgage swap’ and in 1996 orchestrated the largest futures delivery to date (over $20 billion notional) in Japan. He also created a swap futures contract currently operational (in a muted form) by a major exchange. In 1982, he founded Illinois Income Investors, which was rated number one by MAR in risk adjusted returns for the previous 10 years in 1997 when he turned control over to his partners.

For the last twenty years, Mr. Mosler has also been deeply involved in the academic community, publishing numerous articles in economic journals, newspapers and periodicals, and giving presentations at conferences around the globe. He is the Co-Founder and a Distinguished Research Associate of The Center for Full Employment And Price Stability at the University of Missouri in Kansas City; an Associate Fellow, University of Newcastle, Australia, and the founder of EPIC – the Coalition of Economic Policy Institutions – a non-partisan forum dedicated to promoting research and public discussion of issues related to macroeconomics and monetary policy. Mr. Mosler’s 1995 paper, Soft Currency Economics, is considered the origin of the neo-chartalist or “Modern Money Theory” school of Post-Keynesian thought, and has received considerable mainstream attention in the aftermath of the Global Financial Crisis.

In 2010, Mr. Mosler published a book entitled Seven Deadly Innocent Frauds of Economic Policy, which is available for free online and examines neo-chartalist ideas in a format accessible to a lay audience. Mr. Mosler also maintains a blog on current financial and economic developments, and can be followed on Twitter.