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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.

Paul Davidson response to more NY Fed payroll tax holiday comments

Posted by WARREN MOSLER on November 16th, 2009

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On Sun, Nov 15, 2009 at 10:47 AM, Davidson, Paul wrote:

I agree with Warren on his entire argument except for one point. He calls these New Keynesians and neoclassical people “relatively intelligent”. Ha! As an academic who has been challenging their assumptions for more than 35 years, I reject the idea that they are relatively intelligent!!



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