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
- A few credit related charts
- Consumer sentiment, expectations, and current conditions
- Time to say goodbye? Schauble Calls on Italy to Pursue Structural Reform
- Housing and Philly Fed
- Microsoft to cut 18,000 jobs
- Industrial production, mtg purchase apps charts, homebuilder’s index
- Retail sales, credit expansion review, Empire manufacturing
- Consumer debt ratios
- Federal government tax receipts
- Consumer credit, cpi adjusted
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The funds to pay taxes and buy government securities come from government spending.
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