EURO ZONE FINANCE MINISTERS AGREE TO RELEASE 8 BILLION EURO AID PAYMENT TO GREECE — EU DIPLOMAT – RTRS
Posted by WARREN MOSLER on November 29th, 2011
The Center of the Universe
St Croix, United States Virgin Islands
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.
Warren’s Book:
Buy it or read it free online!
"The most important book ever written" -Elizabeth O'ToolRecent Posts
- Factory orders- another Dec print revised down
- ADP, purchase apps, ISM
- Bernanke out visiting friends…
- UK ‘money creation’ dialogue
- Williams Paper: Median estimate of NAIRU 6.6%
- Lew bragging about the lower deficit
- Strapped Scientists Abandon Research and Studentst
- A few comments on overnight news
- Mortgage applications at lowest level in two decades
- Business borrowing down 44% from Dec
-
The funds to pay taxes and buy government securities come from government spending.
Subscribe To:
Links
Internet Life
November 29th, 2011 at 6:01 pm
… but they got the “pledge” (although slightly watered down) from the Conservatives to further punish the people :
http://www.dailystar.com.lb/Business/International/2011/Nov-25/155133-eu-welcomes-pledge-from-greek-conservative-party-leader.ashx#axzz1f8MRzXHT
Seems the Panzerkampfwagen Tiger disguised as a bulldozer is slowly rolling over everything what’s on its way… until it gets bogged down in the mud. This is the fate of all the Tigers on the Eastern Front.
Reply