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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.

Your HuffPost Blog Post – The Economics of Eurozone Trade Differentials and Fiscal Transfers

Posted by WARREN MOSLER on July 16th, 2012

The Economics of Eurozone Trade Differentials and Fiscal Transfers

8 Responses to “Your HuffPost Blog Post – The Economics of Eurozone Trade Differentials and Fiscal Transfers”

  1. Tyler Says:

    Excellent post, Warren.

    Amancio Ortega is Europe’s richest person. I wonder if Europe’s unemployment rate would fall if he gave one million dollars to every European adult living in poverty.

    I have also wondered the same about Warren Buffett and America’s poor.

    Reply

    chewitup Reply:

    @Tyler,
    Not sure what this post has to do with philanthropy. Last I heard, Buffett has given HUGE amounts of money away to charity. Pretty sure Ortega is also very generous.
    The key is to get Ortega to convince the Euro nations to allow a fiscal union.

    Reply

    WARREN MOSLER Reply:

    thought i read on an after tax basis it was about a wash?

    Reply

    Tyler Healey Reply:

    @chewitup,

    If a fiscal union will get money in the pockets of poor people, then I’m all for it. As I see it, the European and American economies will not truly be recovered until poverty is eliminated.

    Reply

    roger erickson Reply:

    @Tyler Healey,

    All depends on the terms.

    The Soviet Union once had a fiscal union. The difference between theory & operations is greater in practice than in theory.

  2. Stevie Says:

    Warren Buffet?

    GW Bush gave Hank Paulson a blank $800 billion check from your future tax dollars to bail out a few thousand banker criminals.

    How far would that have gone to help real Americans?

    Reply

    WARREN MOSLER Reply:

    and, functionally, as previously discussed, it was in fact nothing more than regulatory forbearance, and not a ‘payment’

    Reply

    Unforgiven Reply:

    @Stevie,

    Our “tax dollars” don’t “pay” for anything. See 7DIF on the subject:

    http://moslereconomics.com/2009/12/10/7-deadly-innocent-frauds/

    The first page is blank. Scroll down to read the good stuff.

    Reply

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