Economics
A Hedge Fund Guy Lefties Can Love
Warren Mosler’s unorthodox take on fiscal policy is catching on with progressive Democrats.
Warren Mosler at home in St. Croix, U.S. Virgin Islands.
Photographer: Scott McIntyre/BloombergThis article is for subscribers only.
He ran a hedge fund, lives in a Caribbean tax haven, and loves fast cars and yachts—not obvious qualifications for a left-wing guru. But that’s what Warren Mosler is rapidly becoming.
More engineer than ideologue, he likes to figure out how things work, then try to make them work better. He’s done so for interest-rate swaps and racing cars. To cut travel costs in the U.S. Virgin Islands, where he’s running for governor, he built a passenger ferry. Mosler is convinced that he’s identified a fix for economics, too. He’s been explaining it for decades to whomever would listen.