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
- Personal interest income
- Factory orders- another Dec print revised down
- ADP, purchase apps, ISM
- Bernanke out visiting friends…
- UK ‘money creation’ dialogue
- Williams Paper: Median estimate of NAIRU 6.6%
- Lew bragging about the lower deficit
- Strapped Scientists Abandon Research and Studentst
- A few comments on overnight news
- Mortgage applications at lowest level in two decades
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The funds to pay taxes and buy government securities come from government spending.
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