Claims
Posted by WARREN MOSLER on December 26th, 2013
The Center of the Universe
St Croix, United States Virgin Islands
MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.-
MMT: Taxes function to regulate aggregate demand, and not to raise revenue per se.
Warren’s Book:
Buy it or read it free online!
"The most important book ever written" -Elizabeth O'ToolRecent Posts
- Thursday meeting with Soraya 7pm at her HQ, the Armrey Cabinets, Richmond, just west of the post office, across the street from WSTX
- mortgage purchase applications
- Existing home sales
- Auto stabilizers reduce the deficit until growth goes negative causing them to reverse
- fed views 12th district
- French spending cuts outlined
- housing starts and manufacturing
- Housing Market Index
- Empire State Manufacturing Survey
- Draghi on the euro
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The funds to pay taxes and buy government securities come from government spending.
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