Weekly Credit Graph Packet – 04/25/11
Posted by WARREN MOSLER on April 26th, 2011
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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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April 26th, 2011 at 8:30 am
Spreads have narrowed significantly from their financial crisis highs, but are still fairly wide relative to long-term, pre-crisis averages.
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