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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.

billy blog

Posted by WARREN MOSLER on September 28th, 2009


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Bill’s done an excellent job on the workings of monetary system.
Click on when you have an extra 15 or 20 minutes to go through it.

billy blog


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3 Responses to “billy blog”

  1. Mike S Says:

    I’ve attempted to write up the Chartalism page at Wikipedia. I add to it when I can and as I am able.

    I hope to add a part on deriving the accounting identity from the GDP equation very soon.

    Reply

  2. warren mosler Says:

    very good, it definitely needs work! I emailed it to Paul Davidson to do same as he’s the one who came up with that designation

    Reply

  3. Mike S Says:

    It was written several months ago when I was really first introduced to the idea, so it is rough.

    For this idea to ever get into the mainstream it needs to be in places where mainstream people can learn about it.

    Reply

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