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Tag Archives: Larry Elliot

Lehman downfall triggered by mix-up

[Skip to the end] Yes, the financial system can come apart from time to time for all kinds of reasons. My point continues to be that it doesn’t need to lead to a system wide drop in output and employment as aggregate demand can readily and immediately be supported with a tax cut (and/or spending […]

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Posted byWARREN MOSLERSeptember 4, 2009 @ 8:15 am (Friday)Posted inBanking, CBsTags: Jill Treanor, Larry Elliot

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