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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.

Deficit terrorist #1 David Walker of the Peterson Institute states to host Mike Norman there is no solvency issue!

Posted by WARREN MOSLER on April 20th, 2009


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6 Responses to “Deficit terrorist #1 David Walker of the Peterson Institute states to host Mike Norman there is no solvency issue!”

  1. googleheim Says:

    i cannot read anything

    the embedding is not showing up

    Reply

    warren mosler Reply:

    It’s an audio

    Reply

  2. Dissenting Comments Encouraged Says:

    Recently released IMF analysis (via Telegraph) indicates that federal debt/GDP ratios in excess of 60 percent tend to become deflationary black holes.

    “The impact becomes negative for debt levels that exceed 60pc of GDP,” said the Fund.

    http://animalspiritspage.blogspot.com/2009/04/america-close-to-tipping-point.html

    Reply

  3. jcmccutcheon Says:

    What did the guy say afterword?

    Reply

  4. warren mosler Says:

    walker agreed there was no solvency issue

    Reply

  5. The Center of the Universe » Blog Archive » Town hall meetings suggestions Says:

    [...] David Walker’s recording is here. [...]

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