Subscribe to:
Post Comments (Atom)
Disclaimer
Get our 2012 Yearly Outlook
| Get this 19-page report stacked with charts, graphics and MMT-based analyses. A forecast on how the major economic trends will play out this year along with stocks, bonds, commodities, gold and the dollar. If you’re looking for the definitive macro picture, this is it! A must read!! $39.95 |
Become a contributor to Mikenormaneconomics
Pitbull Economics
Follow me on Twitter
Get on my email list!
Subscribe To
Posts
Comments
Essential links
- John Thomas Financial Blog
- UMKC Economists
- Find me on Twitter
- How Banks Create Money
- Forex account
- Federal Reserve weekly statement
- The Skeptical Optimist
- Monthly Treasury Statement
- Federal Reserve
- Bureau of Economic Analysis
- Federal Reserve Bank of St. Louis
- History of Economic Thought
- Index of Macroeconomic Topics
- 15 Fatal Falacies of Financial Fundamentalism
- Warren Mosler's blog
Money, what it is, how it works
Contributors
Warren Mosler's blog
Disclaimer
3 comments:
The deficit is ex post.
I guess you could target an annual fiscal deficit adjustment using TC's formula, divide by 12, and check the DTS at the end of the month. If the DTS exhibits a monthly deficit flow that is not at the target annual FE level for the previous month, you could issue an immediate bottom up tax rebate to adjust for the deficit shortfall the previous month.
This would act with a delay (with resultant UE), but would be better than what we do presently for sure!!!
Resp,
Post a Comment