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Guys like you are never impressed by technical experts. That said you might note that Mosler is an economist and an utter nut. He's fervently argued for a national 30mph. speed limit to save fuel and drive oil prices down (forgetting entirely all the negative externalities). Mosler's Law is literally nothing but an observation about US fiscal realities during and after WWII.
Mosler's Law
He opposes overly high taxes since they discourage consumption within an economy but does agree a certain tax level is needed to guarantee citizens use the dollar as a currency.
I'm very much impressed by technical expertise that actually relate to the real world and by technical experts that know what are they talking about...this is what made me interested in MMT.
Mosler is not an economist in the general accepted meaning of the word, he is someone that made it in the real world, not in academia.
Mosler refers to himself as an economist all the time.
I'm not comparing myself to Mosler or anyone else but I made it in the real world as well....guessing I've made 100x more in oil, gas and RE than in the classroom.
I'm very much impressed by technical expertise that actually relate to the real world and by technical experts that know what are they talking about...this is what made me interested in MMT.
Mosler is not an economist in the general accepted meaning of the word, he is someone that made it in the real world, not in academia.
He was a banker then a Wall Street trader.
In the early 1990s when investors were afraid Italy would default, Mosler understood this wasn't a possibility. His firm and his clients became the largest holders of Italian lira denominated bonds outside of Italy. Italy did not default and they made $100 million in profits.
Mosler's Law
He opposes overly high taxes since they discourage consumption within an economy but does agree a certain tax level is needed to guarantee citizens use the dollar as a currency.
Don't you love the irony of a guy producing fast cars while asking everyone else to drive 30 mph. max?
That last part is an internet gaff I think, however, I'd guess Mosler agrees with what you quoted.
Mosler's law is something like, " there is no fiscal crisis so deep that sufficient fiscal adjustments cannot accommodate." No way that's right but you get the point.
It's simple Lord Keynes re-hash. I'm a Keynesian ergo pretty-good at spotting Keynesianisms .
Don't you love the irony of a guy producing fast cars while asking everyone else to drive 30 mph. max?
That last part is an internet gaff I think, however, I'd guess Mosler agrees with what you quoted.
Mosler's law is something like, " there is no fiscal crisis so deep that sufficient fiscal adjustments cannot accommodate." No way that's right but you get the point.
It's simple Lord Keynes re-hash. I'm a Keynesian ergo pretty-good at spotting Keynesianisms .
In the early 1990s when investors were afraid Italy would default, Mosler understood this wasn't a possibility. His firm and his clients became the largest holders of Italian lira denominated bonds outside of Italy. Italy did not default and they made $100 million in profits.
Yes, but he also paid a visit to the then Italian Minister of Economy Luigi Spaventa to make sure Italy had no intention to default...you never know....that is not a meeting you and I can get easily....
Yes, but he also paid a visit to the then Italian Minister of Economy Luigi Spaventa to make sure Italy had no intention to default...you never know....that is not a meeting you and I can get easily....
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