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Learning the Modern Money system, macroeconomics, aka MMT


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Modern Money » Modern Money Resources » Articles on Modern Money » SEVEN (7) DEADLY INNOCENT FRAUDS OF ECONOMIC POLICY by Warren Mosler

SEVEN (7) DEADLY INNOCENT FRAUDS OF ECONOMIC POLICY by Warren Mosler

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SEVEN (7) DEADLY INNOCENT FRAUDS OF ECONOMIC POLICY by Warren Mosler




  1. The government must raise funds through taxation or
    borrowing in order to spend. In other words, government
    spending is limited by its ability to tax or borrow.
  2. With government deficits, we are leaving our debt burden
    to our children.
  3. Government budget deficits take away savings.
  4. Social Security is broken.
  5. The trade deficit is an unsustainable imbalance that takes
    away jobs and output.
  6. We need savings to provide the funds for investment.
  7. It’s a bad thing thing  that higher deficits today mean higher
    taxes tomorrow.


PDF - http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf

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