Soft Currency Economics
Macroeconomics from University Library of Munich, Germany
This evolutionary paper traces the interaction of monetary and fiscal policy, assuming lag reserve accounting in a fiat monetary system. It illustrates: Sovereign debt functions as interest rate support. Taxes function to create a demand for federal spending. The myth of the money multiplier. Taxed advantaged savings plans create a need for deficit spending. Exports are the cost of imports.
JEL-codes: E (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpma:9502007
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