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Re: Mosler seminar: Tax-driven currency and the motives for credit (fwd)

>From Warren:

---------- Forwarded message ----------

John Gelles writes:

>
> 	Mosler and Forstater refuse

Refuse????  Why such harsh, aggressive, language?

It is considered in both SCE and FEAPS.  And, towards
the end of this draft,  the myth of current deficits
implying future taxes is addressed.

Warren Mosler

> The reason
> is the political strength of people who believe that
> their taxes will be increased to carry the added
> fiat money with interest charges or repay (recall) it
> outright.
>
> As you can see, money is tax-fear constrained not
> tax-anticipated enhanced in value.
>
>
>John Gelles: Vote for an Individual Estate
>Account (IEA)
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