Difference between revisions of "Seven Deadly Innocent Frauds of Economic Policy"
From Critiques Of Libertarianism
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[[Category:Warren Mosler|Mosler, Warren]] <!-- you can have any number of categories --> | [[Category:Warren Mosler|Mosler, Warren]] <!-- you can have any number of categories --> | ||
{{URL | url = http://moslerforsenate.com/wp-content/uploads/2010/06/7DIF.pdf}} <!-- exactly one of these --> | {{URL | url = http://moslerforsenate.com/wp-content/uploads/2010/06/7DIF.pdf}} <!-- exactly one of these --> | ||
| − | {{DES | des = # 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. # With government deficits, we are leaving our debt burden to our children. | + | {{DES | des = The frauds are: |
| + | # 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. | ||
| + | # With government deficits, we are leaving our debt burden to our children. | ||
# Government budget deficits take away savings. | # Government budget deficits take away savings. | ||
# Social Security is broken. | # Social Security is broken. | ||
# The trade deficit is an unsustainable imbalance that takes away jobs and output. | # The trade deficit is an unsustainable imbalance that takes away jobs and output. | ||
# We need savings to provide the funds for investment. | # We need savings to provide the funds for investment. | ||
| − | # It’s a bad thing that higher deficits today mean higher taxes tomorrow. | + | # It’s a bad thing that higher deficits today mean higher taxes tomorrow.}} |
| − | + | ||
