The Center of the Universe

• 
  
  
  
  
  MMT: Taxes function to regulate aggregate demand,  and not to raise revenue per se.
  
  

• Warren’s Book:

  Buy it or read it free online!
  
  
  "The most important book ever written" -Elizabeth O'Tool

• Drafts

  Response to CT Democrat Debate
  
  Dallas Tea Party Address
  
  Proposals for the Banking System, Treasury, Fed and FDIC
  
  Levy Presentation as Presented
  

• Recent Posts

  • WRKO Interview
  • Thinking Caps On – Grab a Coffee – Sales/Trading Commentary
  • Obama double talk on jobs
  • Obama administration approved wider exports of liquefied natural gas
  • Italy tour
  • MEMMT tour
  • uh oh…
  • NY Fed: How Are American Workers Dealing with the Payroll Tax Hike? – Liberty Street Economics
  • Homebuilder Confidence in U.S. Climbs as Outlook Improves
  • doesn’t look like much of a housing recovery- purch app’s down

• Recent Comments

  • TofuNFiatRGood4U on Contact
  • isaac davis on Contact
  • Martin Freedman on Soft Currency Economics
  • Jure Jordan on Contact
  • Massimiliano Scandurra on Links
  • Graziano on MMT history and overview
  • John Horkin on MMT history and overview
  • Auburn Parks on Contact
  • MamMoTh on Q&A
  • WalidM on Q&A
  • Andy Grundrisse on Soft Currency Economics
  • Nihat on Q&A
  • Marco Cavedon on Q&A
  • pebird on Q&A
  • pebird on Q&A

• Archives

  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007

•  

  May 2010

  S	M	T	W	T	F	S
  « Apr				Jun »
  						1
  2	3	4	5	6	7	8
  9	10	11	12	13	14	15
  16	17	18	19	20	21	22
  23	24	25	26	27	28	29
  30	31

• 
  
  
• 
  
  The funds to pay taxes and buy government securities come from government spending.
  
  

• Subscribe To:

   Entries
   Comments
   YouTube Videos
   Ustream Videos
   Twitter!

• Highlighted Videos

  Post Keynesian conference speech
  
  Warren Mosler introducing Paul Davidson

  ---

  
  Mosler makes fast cars!
  
  Latest Race Report

• Adopt A Grad Student!

  ♥ Graduate Student Support

• Mandatory Readings

  ♥ The 7 Deadly Innocent Frauds
  
  ♥ Soft Currency Economics
  
  ♥ Full Employment AND Price Stability
  
  ♥ A General Analytical Framework for the Analysis of Currencies and Other Commodities
  
  ♥ The Natural Rate of Interest is Zero
  
  ♥ Exchange Rate Policy and Full Employment
  
  ♥ What is Money?
  
  ♥ Mosler Palestinian Development Plan
  
  ♥ The Innocent Fraud of the Trade Deficit: Who's Funding Whom?
  
  ♥ Monopoly Money: The State as a Price Setter
  
  ♥ Galbraith/Wray/Mosler submission for February 25
  
  ♥ 2004 Proposal for Senator Joe Lieberman
  
  ♥ EPIC - A Coalition of Economic Policy Institutions
  
  ♥ An Interview with the Chairman
  
  ♥ The Financial Crisis - Views and Remedies
  
  ♥ Quantitative Easing for Dummies
  
  ♥ Tax Driven Money
  
  ♥ Tom Hickey on MMT
  
  ♥ Scott Fulwiller on MMT and Fed/Treasury operations

• Links

  ♥ EPIC: A Coalition of Economic Policy Institutions
  
  ♥ UMKC Blog
  
  ♥ Mosler Auto
  
  ♥ CFEPS - Center for Full Employment and Price Stability
  
  ♥ Billy Blog
  
  ♥ New Deal 2.0 Blog
  
  ♥ Economia Monetaria
  
  ♥ Mosler WP Boat
  
  ♥ Radio Interview
  
  ♥ Warren Mosler Information, Videos, Pictures and News
  

• Internet Life

  
  
  

rotten to the core

Posted by WARREN MOSLER on May 6th, 2010

Here we go, and this is without additional austerity measures already in progress from the euro zone and other economies:

Germany to Lose $61 Billion in Tax Revenue by 2014, Bild Says

By Tony Czuczka

May 6 (Bloomberg) — Tax revenue for German federal, state and local authorities will decline by a total of 48 billion euros ($61 billion) until 2014, the Bild newspaper reported, without saying how it got the information.

The German Finance Ministry plans to announce its latest tax-revenue estimate later today.

Be Sociable, Share!

• 

• Tweet

This entry was posted on Thursday, May 6th, 2010 at 8:33 am and is filed under ECB, EU. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply