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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.

Archive for August 25th, 2009

Bernanke reappointed…

Posted by WARREN MOSLER on 25th August 2009


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Karim writes:

Should help the ‘low for long’ camp…

Yes, he’s an output gap guy.

Unfortunately if I’m right low interest rates without a larger deficit are deflationary and contractionary, and bernanke thinks the opposite.


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