I don't usually post links to Warren's blog since I assume that readers of this blog regularly read it. But this fits in with the recent posts here, so I am adding to the file.
So from what I can see,there’s no chance that the ECB would fund and at the same time mandate thehigher deficts needed for a recovery,In which case the only thing that will end the austerity isblood on the streets in sufficent quantity to trigger chaos and a change in governance.Read the whole post at The Center of the Universe
DC takeaway
by Warren Mosler
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