By Warren Mosler With permission of the author The G20 has dropped its support for fiscal expansion. The deficit hawks are prevailing. But why is that? We all either know or should know that operationally Federal spending is not constrained by revenues, as Chairman Bernanke stated last year, when asked on ’60 Minutes’ by Scott […]
G20 Says Expansionary Fiscal Policy Not Sustainable
June 7th, 2010 · Comments Off on G20 Says Expansionary Fiscal Policy Not Sustainable
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