robbing the next generation
Posted by WARREN MOSLER on 14th October 2009
Posted in GDP | 41 Comments »
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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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