depressions

(Author's Note: This post updates Part Three of a series reviewing Warren Mosler's book: The 7 Deadly Innocent Frauds of Economic Policy. The updating is prompted by a post by Hannah at DailyKos offering a “. . . a Review Sort of” of Warren's book. Read below the fold...

The other day, in one of their e-mails, Democracy For America (DFA) posed the choice for me in the 2010 elections this way:

This election, the choice is clear:

• Republicans like John Boehner and Mitch McConnell want to retain the Bush-Cheney reckless tax cuts for the wealthy that created out of control budget deficits and lead America into a jobs-losing recession.

• Democrats like Barack Obama and Patrick Leahy want to return to the booming Clinton-Gore economy that led to balanced budgets and created over 22 million new jobs.

Read below the fold...

In the previous two posts in this series I've examined four ideas that Warren Mosler has called “deadly innocent frauds,” (difs) and that others have variously referred to as myths, scares, and lies. Read below the fold...