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
- Wholesale trade
- Yuan weakness
- NFIB Small Business Optimism Index
- proactive fiscal tightening damages income growth
- small business lending up some
- Personal interest income
- Factory orders- another Dec print revised down
- ADP, purchase apps, ISM
- Bernanke out visiting friends…
- UK ‘money creation’ dialogue
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The funds to pay taxes and buy government securities come from government spending.
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