2008-03-04 US Economic Releases
Posted by Sada Mosler on 4th March 2008
ABC Consumer Confidence (Mar 2)
| Survey | n/a |
| Actual | -34 |
| Prior | -37 |
| Revised | n/a |
Stabilizing at very low levels.
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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.-
MMT: Taxes function to regulate aggregate demand, and not to raise revenue per se.
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The funds to pay taxes and buy government securities come from government spending.
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