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Warren B. Mosler
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The funds to pay taxes come (only) from govt spending and/or govt lending with a non convertible currency.
May 11 10:57 am
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All Comments by Warren B. Mosler »Mid-Year Macroeconomic Review: History Repeating Itself [View article]
If govt doesn't spend enough to cover the tax liability and any residual 'savings desires' the evidence is excess capacity/unemployment.
see 'Soft Currency Economics' at
moslereconomics.com
On May 10 05:05 PM Market Sniper wrote:
> Same argument. That you can borrow your way to wealth and print your
> way to prosperity. These are recipes for disaster and will accomplish
> neither. Read some history. Old road, well traveled, ending in a
> bad place.