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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.

Another good read on the euro situation from Bill Mitchell

Posted by WARREN MOSLER on May 4th, 2012

Why the Eurozone is destined to fail

By Bill Mitchell

5 Responses to “Another good read on the euro situation from Bill Mitchell”

  1. Piero from Italy Says:

    I hope Draghi will be able to force Germany to enable Bce to Print like Fed/Boj.. he will use panic selling to obtain this permission by October 2014 when Ltro3 expire..

    Mitchell suppose an inertia trend without Human Change..
    I think Mitchell’s analisys is correct if Draghi fail..

    see below another related news..

    cordiality

    Piero from Italy

    …………………..

    IMF’s Blanchard: Debt situation in US, Japan as bad or worse than in Europe ( May 3, 2012 )

    ………………………………….

    Reply

    roger erickson Reply:

    @Piero from Italy,

    By 2014? Will anything be left to argue over by then?

    Reply

    Piero Reply:

    @roger erickson,

    no..

    from now to 2014 a series of managed growing panic wave will force step by step higher Bce flexibility..

    this is what I hope..

    Reply

    WARREN MOSLER Reply:

    they may not make it through next week, the way it’s going today…

    Reply

    Piero Italy Reply:

    @WARREN MOSLER,

    maybe..

    US up with wave until Nov. to thank Obama that didn’t have put real limit to Wally Boys (and to place FaceBook = Fee)..
    Eu more scientific panic then US..

    Reply

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