Mid-Year Macroeconomic Review: History Repeating Itself [View article]
The funds to pay taxes come (only) from govt spending and or govt lending
If the govt doesn't spend enough to cover the tax bill and any residual savings desires for financial assets the evidence is excess capacity/unemployment.
> 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.
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The funds to pay taxes come (only) from govt spending and or govt lending
May 11 11:03 am
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All Comments by Warren B. Mosler »Mid-Year Macroeconomic Review: History Repeating Itself [View article]
If the govt doesn't spend enough to cover the tax bill and any residual savings desires for financial assets the evidence is excess capacity/unemployment.
see 'Soft Currency Economics' at
moslereconomic.com
and mosler2012.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.