Tuesday, July 23, 2013

Marshall Auerback interviews Warren Mosler



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Marshall Auerback interviews Warren Mosler


3 comments:

Michael Norman said...

Really nice. Sharp, crisp image.

F. Beard said...
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F. Beard said...

Warren says something to the effect that "deficits have nothing to do with morality" but he's wrong. So long as we have a government-backed credit cartel then deficits by the monetary sovereign are a moral imperative so the aggregate interest to that cartel can be paid. And no, using exports to generate the interest is not a moral solution since the central bank dilutes domestic purchasing power for the sake of foreigners which on the face of it IS TREASON.