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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.

Quote from Fed’s Lacker

Posted by WARREN MOSLER on April 18th, 2013

This is a new one. A new low, that is:

The “decision in or out of the labor force is affected by a whole bunch of things, like disability insurance, unemployment insurance benefits and the like,” he said. “I think that’s quantitatively taking a significant bite out of the labor force participation.”