Monthly Archives: May 2010

Currency Issuing Governments Need Not Fear Deficits.

There Is No Such Thing as a Sovereign Budget Deficit. http://www.marketoracle.co.uk/Article19705.html By Mike Whitney Deficits create demand. Demand generates spending. Spending generates economic activity. Economic activity generates growth. Growth generates jobs, increases government revenues, reduces deficits and ends recessions. Simple, … Continue reading

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The Danger Posed by Huge Future Deficits ‘is Zero’

by James Galbraith May 12, 2010 source: http://voices.washingtonpost.com/ezra-klein/2010/05/galbraith_the_danger_posed_by.html James Galbraith is an economist and the Lloyd M. Bentsen Jr. chair in government and business relations at the University of Texas at Austin. He’s also a skeptic of the prevailing concern … Continue reading

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The IMF Greece Bailout Policies are Doomed to Fail

The E.U.’s Dangerous Game By MARK WEISBROT Published: May 12, 2010 The agreement by the European Union and the International Monetary Fund to provide up to $960 billion of support to the Continent’s weaker economies, as well as to financial … Continue reading

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