One question that continually comes up when I do interviews is this: If governments are not financially constrained in their spending why do they issue debt?
Read here
Bill Mitchell: Why do currency-issuing governments issue debt? – Part 1
Austerity
Bill Mitchell – As you were Greece – remain in permanent depression – commitments are commitments!
Depressing reading, but as you would expect of Bill Mitchell, well documented. Read here
Economics
Bill Mitchell: US labour market data – we have never been here before!
This is one of those all-time historical events that make the severe crises of the past (early 1980s, 1990s, GFC – look like blips). Read here
Corruption
Politico – German center-right chief in European Parliament investigated for fraud
Is there anyone in the European Parliament who isn’t involved in a corruption scandal? Read the article HERE.
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