The Center of the Universe

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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.

History will have a field day with this one!

Posted by WARREN MOSLER on January 7th, 2014

After watching Japan for 20 years and the US for the last 5 he never did figure out that low rates impart a deflationary bias.

From Keynes:

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

Book 4, Chapter 12, Section 5, p. 158