HuffPost Blog Post – Deficit Reduction Super Committee Fighting the Battle of New Orleans
Posted by WARREN MOSLER on 4th October 2011
Posted in Congress, Deficit | 4 Comments »
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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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