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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.

Posted by WARREN MOSLER on September 8th, 2011

“The voices which, in such a conjuncture, tell us that the path of escape is to be found in strict economy and in refraining, wherever possible, from utilising the world’s potential production, are the voices of fools and madmen.”- John Maynard Keynes

5 Responses to “”

  1. Matt Franko Says:

    Along the line of the ‘madman’ option, Bernanke just said that he is sure that the underlying strengths of the US economy “will eventually assert themselves“… didnt know they had a mind of their own…
    Resp,

    Reply

  2. Paul Palmer Says:

    History repeats itself.

    It’s amazing to me how many debunkers and dislikers of Keynes never bothered to read the guy’s work.

    Reply

  3. Save America Says:

    http://www.youtube.com/watch?v=HxSLtC62RG0

    Warren, you used to post this quote of Greenspan all the time on your old board, that he can print a ton of dollars, but they won’t buy anything. That was always my fav quote that you posted. Here is Greenspan admitting the government has failed the people. Time for a reset dude.

    Reply

  4. Save America Says:

    I was involved with a company in Canada and was considering investing heavily and joining their board, but the founder got all these lawyers involved and all kinds of red tape so that he couldn’t be ousted as CEO and decided I didn’t want to throw my lot in with him if his personal survival trumped the growth of the company.

    Then I read this http://www.businessinsider.com/mangement-experts-reveal-why-founders-get-pushed-out-from-their-own-companies-2011-9

    And I like the meme it explores, the growth and adaptation of the company is more IMPORTANT than the founder. AS Spock said, the needs of the many, outweigh the needs of the few, or the one.

    But Warren, you know I love you, but I have read a lot of your hedge fund documents, and you talk about them not being able to boot you out as the boss, and it makes me wonder why? I know in Star Trek 3, the search for spock. that they sacrificed everything to get Spock back, they blew up the enterprise, kirk lost his son, McCoy lost his brain, and they told spock, the needs of the one outweighed the needs of the many or the few, but I know an educated renaissanceman like you that read lila and is a visionary and thinks GROWTH and productive output is important would concede that if circumstances dictate, the needs of the many outweigh the needs of the few, and if booting you out as the boss at your funds would employ a lot more junior folks and help the greater good, you could make that sacrifice right? SO why does the documents for your hedge funds say you can’t get the boot as the boss? I don’t understand.

    Reply

    WARREN MOSLER Reply:

    I have a 12.4% interest and I’m not the boss of anyone there.

    Reply

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