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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 January 18th, 2010

Jan 18 update

Posted by Sada Mosler on 18th January 2010


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Update

The tea party organizers have invited me to meet with them in Dallas to discuss tea party support of my candidacy for US senate in the democratic primary in Connecticut where Chris Dodd has announced he won’t be running.

Also to be discussed is tea party support for my economic agenda which expresses their core economic values of lower taxes, promotion of competitive market forces for further public purpose, full employment, and limiting and focusing government in support of further public purpose.


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Posted in Political, Tea Party | 15 Comments »

Proposal for the Eurozone

Posted by Sada Mosler on 18th January 2010


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I propose the ECB distribute 1 trillion euro to the national govts on a per capita basis.

The per capita criteria means it’s not a bailout and not a ‘reward for bad behavior.’

It would immediately adjust national government debt ratios substantially downward and ease credit fears.

If there is no undesired effect on aggregate demand/inflation/etc., which there should not be, it can be repeated as desired until national government. Finances are enhanced to the point where they can take local action to support aggregate demand as desired.


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Posted in EU, Proposal | 6 Comments »