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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 September 9th, 2009

Record drop in consumer installment debt

Posted by WARREN MOSLER on 9th September 2009


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Yes, consumer installment debt tends to fall with rising federal deficits.

The income and savings added by the higher deficits helps sustain consumption without as much consumer debt as would otherwise be necessary.


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Posted in Credit, Deficit, Government Spending | 6 Comments »