Soft Currency Economics

This evolutionary paper traces the interaction of monetary and fiscal policy, assuming lag reserve accounting in a fiat monetary system. It illustrates: Sovereign debt functions as interest rate support. Taxes function to create a demand for federal spending. The myth of the money multiplier. Taxed advantaged savings plans create a need for deficit spending. Exports are the cost of imports.

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Year of publication:	1995-02-14
Authors:	Mosler, Warren
Institutions:	EconWPA

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Extent:	text/plain
Series:	Macroeconomics.
Type of publication:	Book / Working Paper
Notes:	ascii TEXT file
Classification:	E - Macroeconomics and Monetary Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005076815