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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.

Archive for March 20th, 2012

MMT inspired euro fix

Posted by WARREN MOSLER on 20th March 2012

Spend in euro denominated tax credits.

Central banks pay ecb rates on said deposits charged to issuer.

Eurachma
Esceuro
Passeuro
Punteuro
Leuro

All perfectly legal under current institutional arrangements

Posted in Currencies, ECB, EU | 32 Comments »