Mecpoc » CNBC http://www.mecpoc.org A forum for alternative views in economics Thu, 12 Jan 2012 22:32:44 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Warren Mosler on CNBC http://www.mecpoc.org/2010/02/warren-mosler-on-cnbc/ http://www.mecpoc.org/2010/02/warren-mosler-on-cnbc/#comments Fri, 12 Feb 2010 20:18:30 +0000 aterzi http://www.mecpoc.org/?p=508 Warren Mosler’s appearance on CNBC has started a controversial debate in the midst of the fiscal crisis of Greece.
It all boils down to understanding monetary operations:

  • An ECB distribution to European States entails no issuing of debt;
  • Taxing functions to regulate demand, it does not actually collect revenue;
  • When China buys US Treasury securities, it makes no specific resource available to the United States: just moving a credit entry from one account to another;

And if you think: “oh, this is ridiculous, it just can’t be so easy!” think again and seek some answers on this website.

Please click here to watch the video footage of Warren Mosler on CNBC on 11 February 2010.

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