Recently, the neglected question of why the US government borrows, given that it can print money, has arisen in the context of discussions surrounding a new documentary, Finding the Money. As L. Randall Wray observes in this one-pager, Modern Money Theory has been providing answers to this question for some time; and, he argues, it is a topic that mainstream economists are ill-equipped to address, since very few concern themselves with the monetary operations that underlie the question of why a currency-issuing government issues debt.
Finance
Nick Shaxson: Ten reasons why the Destination Based Cash Flow Tax is a terrible idea
The international tax system for taxing multinational corporations is coming apart at the seams. We are now entering one of the most significant turning points in world tax history. Read here
Geopolitics
antiwar.com: US Bombs Iran’s Larak Island; IRGC Vows Response
The IRGC said the strikes killed and wounded several soldiers and civilians Read Article HERE Photo: Wikimedia Commons
Climate Crisis
Transport & Environment: ‘EU, Stop soy becoming the new palm oil!’
The EU is encouraging forest destruction in the Amazon and Latin America through its biofuels policy, a new study has found. T&E says the findings mean a change to EU biofuels policy is now a […]
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