by Summary:
The post-Covid fiscal deficit reduction continues to take its toll: Higher prices automatically result in a spike in tax receipts: Higher prices, now largely from energy prices pushing up costs, reduce the inflation adjusted value of the public debt, which acts like a tax on the economy: With the rate of CPI increase above the rate of deficit spending, the effect is that of a budget surplus: Spiking energy prices as Saudis set prices ever higher shift $ from consumers with high propensities to spend to producers with low propensities to spend, and this won’t end until demand collapses:
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
The post-Covid fiscal deficit reduction continues to take its toll: Higher prices automatically result in a spike in tax receipts: Higher prices, now largely from energy prices pushing up costs, reduce the inflation adjusted value of the public debt, which acts like a tax on the economy: With the rate of CPI increase above the rate of deficit spending, the effect is that of a budget surplus: Spiking energy prices as Saudis set prices ever higher shift $ from consumers with high propensities to spend to producers with low propensities to spend, and this won’t end until demand collapses:
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
Lars Pålsson Syll writes The non-existence of economic laws
John Quiggin writes The war to end war, still going on
Editor writes In search of radical alternatives
Stavros Mavroudeas writes «Οι καταστροφικές επιπτώσεις της ΕΕ στην Ελλάδα και τους εργαζόμενους» – Στ.Μαυρουδέας ΠΡΙΝ 20-21/4/2024
The post-Covid fiscal deficit reduction continues to take its toll:
Higher prices automatically result in a spike in tax receipts:
Higher prices, now largely from energy prices pushing up costs, reduce the inflation adjusted value of the public debt, which acts like a tax on the economy:
With the rate of CPI increase above the rate of deficit spending, the effect is that of a budget surplus:
Spiking energy prices as Saudis set prices ever higher shift $ from consumers with high propensities to spend to producers with low propensities to spend, and this won’t end until demand collapses:
