Wednesday, August 15, 2012

Wonderful MMT presentation here

You may have seen this on Warren Mosler's website, but in case you haven't, check it out. It's a very well done presentation.

This Could Change Everything Copy

3 comments:

Anonymous said...

Taxes *can not* fund spending. The imposition taxes creates liabilities in the 'non-government' sector and payment of taxes returns government liabilities to the government, annulling both the non-government and government liabilities.

AndyCFC said...

Didnt see it Warrens Mike, caught it here Tom posted yesterday lol.. Nice though.

y said...

Should have been:

Taxes *can not* fund spending. The imposition of taxes creates liabilities in the 'non-government' sector and payment of taxes returns government liabilities to the government, annulling both the non-government and government liabilities.