The Center of the Universe

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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.

7 more weeks until Nov 2

Posted by WARREN MOSLER on September 10th, 2010

The election is November 2.

All contributions I receive are used to promote my message above and beyond what I was going to spend anyway.

And, in a recent development, the actual number of people donating is suddenly a criteria to get into the televised debates.

For that purpose a $25 donation counts the same as a $2,400 donation which is the max allowed.

So if you’re interested in making a contribution please do so by clicking here

(If you have a problem with the link let me know asap!)

Thanks again to all of you who have already done so- you have been heard!
MMT is all over the internet, and quickly being recognized in academic and financial circles

Most of the talk of a payroll tax holiday can be traced directly to our efforts,

And the ideas that:

Federal taxes function to regulate demand, and not to fund expenditures,

The US, UK, Japan, etc. are not the next Greece

Social security isn’t broken

The only thing we owe China is a bank statement

Federal borrowing is nothing more than shifting dollars from reserve accounts to securities accounts

etc. etc.

are gaining substantial traction,
though clearly are not yet in the mainstream media the way the payroll tax holiday is.

Anyway, I’m standing by to act as your agent.

The maximum contribution to Mosler for Senate is $2,400 per person,
but additional donations up to a max of $5,000 per person are allowed to the Indendent Party of Connecticut,
where all donations will go to support the same message, as all of our candidates have read ‘The 7 Deadly Innocent Frauds’
and are ‘onboard’ with using any donations to support that message.

And no worries to those who don’t contribute for any reason- completely understood!!!
If you do something, it’s for yourself, your family, the world, etc, but not for me!
(I take what the market gives me. If I don’t get into the debates I get to do something more fun those nights.
If I do get in, it’s your fault…)

This email is for information purposes only, not active solicitation!

And again, thanks very much to all who’ve contributed in any amount,
and especially those that have done their part to spread the word.

Best!
Warren

6 Responses to “7 more weeks until Nov 2”

  1. rvm Says:

    “And, in a recent development, the actual number of people donating is suddenly a criteria to get into the televised debates.”

    Warren, what is the number?

    Reply

  2. WARREN MOSLER Says:

    they haven’t said yet.

    probably one more than i have, but hopefully they aren’t like the US car racing organizations who exclude my car because production is too low…

    Reply

  3. oliver Says:

    Sorry I can’t contribute. No aliens allowed. I’ll spread the message though.

    Reply

  4. jcmccutcheon Says:

    Heard Greta Van Susteren Call for a payroll tax holiday yesterday.

    Reply

  5. Adam Says:

    Nouriel Roubini calling for a payroll tax holiday today on CNBC.

    Reply

  6. James Says:

    A pleasant comprehension: http://finance.groups.yahoo.com/group/gang8/message/15216

    Dirk

    Like almost everything it comes down to definitions, and the difference between
    debt and equity is a matter of polarity. An undated credit obligation and an
    undated debt obligation are diametric opposites: the former is value which is
    ‘owned’, while the latter is a claim over value owned by someone else.

    The property right of a claim of an owner over a productive asset and the value
    it produces is known as Equity.

    Debt, on the other hand, is a temporary property right consisting of a claim by
    a creditor over value owned, or to be produced by, someone else – the debtor.

    So for instance, an overdraft is an undated debt obligation which may be called
    in at the option of the creditor.

    A redeemable share is the opposite polarity – it is an undated credit obligation
    which may be redeemed at the option of the issuer.

    Those who refer to ‘debt-free’ money are confused. Credit and debt are two sides
    of the same coin: but both credit and debt may be ‘date free’ and of indefinite
    duration, and I would argue that an indefinite term is fundamental to the very
    nature of money.

    In my view, Keynesians of all stripes, as well as the complete spectrum of
    monetarists – with the exception of modern monetary theorists (as I understand
    them) – share an absolute and fundamental misapprehension as to the nature of
    money in assuming that a bank issued IOU constitutes value, rather than a claim
    over it.

    Best Regards

    Chris

    Reply

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