Warren Mosler is a card-carrying member of the 1 percent. A deeply tanned, tennis-lean hedge fund executive, Mr. Mosler lives on this run-down but jewel-toned Caribbean island for tax reasons. Transitioning into an active retirement, he recently designed and had built an $850,000 catamaran called Knot My Problem. He whizzes around St. Croix in a white, low-slung sports car he created himself, too.
But his prescriptions for economic policy make him sound like a warrior for the 99 percent. When the recession hit, Mr. Mosler said, the government should have spent and spent until unemployment came down to a comfortable level.
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