第1页共84页编号:时间:2021年x月x日书山有路勤为径,学海无涯苦作舟页码:第1页共84页Foreword前言WarrenMoslerisararebird:aself-taughteconomistwhoisnotacrank;asuccessfulinvestorwhoisnotablowhard;abusinesspersonwithatalentforteaching;afinancierwithatruecommitmenttothepublicgood.Wehaveco-authoredtestimonyandtheoccasionalarticle,andIattestfirmlythathiscontributionstothoseeffortsexceededmine.沃伦·莫斯勒是一种稀有的人:自学成才的经济学家,他不是怪人;他是一个成功的投资者,他不吹牛;他是一个具有教学天赋的商人;一个能把事实真相告诉公众的金融家。我们有共同撰写的证词和偶尔写的文章,并且我坚定地证明他在这方面成就超过了我。Manyeconomistsvaluecomplexityforitsownsake.Aglanceatanymoderneconomicsjournalconfirmsthis.Atrulyincomprehensibleargumentcanbringalotofprestige!Theproblem,though,isthatwhenanargumentappearsincomprehensible,thatoftenmeansthepersonmakingitdoesn’tunderstanditeither.(IwasjustatameetingofEuropeancentralbankersandinternationalmonetaryeconomistsinHelsinki,Finland.Afteronepaper,IaskedaverydistinguishedeconomistfromSwedenhowmanypeoplehethoughthadfollowedthemath.Hesaid,“Zero.”)Warren’sgiftistransparentlucidity.Hethinksthingsthroughassimplyashecan.(Andheputsalotofworkintothis-truesimplicityishard.)Hefavorsthefamiliarmetaphor,andthehomelyexample.Youcanexplainhisreasoningtomostchildren(atleasttomine),toanycollegestudentandtoanyplayerinthefinancialmarkets.Onlyeconomists,withtheirpowerfulloyaltytofixedideas,havetroublewithit.Politicians,ofcourse,oftendounderstand,butrarelyfeelfreetospeaktheirownminds.他尽可能简单的思考问题(他在这方面做了大量工作,真正的简单很难)。他喜欢熟悉的隐喻,朴实的示例。你可以把他的道理讲给大多数儿童(至少对我),讲给任何大学的学生,以及任何在金融市场上的人;唯独经济学家,他们有强大而忠诚的固定观念,就会遇到麻烦;政客们,当然,常常是明白的,但很少有说出自己的想法的自由。第2页共84页第1页共84页编号:时间:2021年x月x日书山有路勤为径,学海无涯苦作舟页码:第2页共84页DeadlyInnocentFraud#1:Thefederalgovernmentmustraisefundsthroughtaxationorborrowinginordertospend.Inotherwords,governmentspendingislimitedbyitsabilitytotaxorborrow.Fact:Federalgovernmentspendingisinnocaseoperationallyconstrainedbyrevenues,meaningthatthereisno“solvencyrisk.”Inotherwords,thefederalgovernmentcanalwaysmakeanyandallpaymentsinitsowncurrency,nomatterhowlargethedeficitis,orhowfewtaxesitcollects.致命的谎言1号:联邦政府必须通过税收或借款为其支出融资。换句话说,政府支出受到税收和借款能力的限制。事实真相:联邦政府支出无论如何不会在业务上受限于税收,它没有“偿付能力风险”。换言之,联邦政府总能用他自己的货币支付所有任何款项,不管赤字有多么大,也不管税收有多么少。Askanycongressman(asIhavemanytimes)orprivatecitizenhowitallworks,andheorshewilltellyouemphaticallythat:“…thegovernmenthastoeithertaxorborrowtogetthefundstospend,justlikeanyhouseholdhastosomehowgetthemoneyitneedstospend.”Andfromthiscomestheinevitablequestionabouthealthcare,defense,socialsecurity,andanyandallgovernmentspending:Howareyougoingtopayforit???!!!去问任何一个国会议员(我碰到过很多次),或者普通公民,这一切都是如何运作的?他或她会坚定地告诉你:“…政府要花钱,无非是通过税收或借款,就像任何家庭一样,通过某种方式拿到需要花的钱。”由此不可避免地引出了关于医疗保健、国防、社会保障和全部政府支出的问题:第3页共84页第2页共84页编号:时间:2021年x月x日书山有路勤为径,学海无涯苦作舟页码:第3页共84页你打算如何付钱???!!!Thisistheki...