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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 September 4th, 2012

Saudi crude output

Posted by WARREN MOSLER on 4th September 2012

Remains high evidencing that there’s still a bid for that much crude at their posted prices, which also went up all month.

And, if Saudis are near ‘practical’ full capacity, that a relatively small supply disruption could cause a large spike in price.

Posted in Comodities | 2 Comments »

Bill Mitchell to address high level conference

Posted by WARREN MOSLER on 4th September 2012

Bill Mitchell to lead a discussion on the Job Guarantee at the European Commission’s conference this week.

Jobs 4 Europe: The Employment Policy Conference

Job guarantee: Concept and implementation

Posted in Employment | 1 Comment »

Merkelisms

Posted by WARREN MOSLER on 4th September 2012

*MERKEL SAYS EUROPE HAS TO LEARN TO ONLY SPEND WHAT IT TAKES IN
*MERKEL SAYS TOO MANY IN EUROPE HAVE LIVED BEYYOND THEIR MEANS
*MERKEL SAYS EU MUST ENSURE THAT IT FIRST EARNS WHAT IT SPENDS
*MERKEL SAYS `DEBT MEANS DEPENDENCY’

Posted in EU, Germany, Government Spending | 10 Comments »