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.
EU politics
Politico: Give Ukraine long-range missiles to hit Russian targets, German minister “Butcher” Baerbock says
Amid heavy Russian attacks on Kharkiv, the West must send long-distance missiles, said Annalena Baerbock. Read HERE
National Politics
Matthew d’Ancona: The Catalan dream will not be extinguished by force
“Rajoy’s strategy has been spectacularly unnuanced. At every turn, he has scorned the independence movement as no more than a plot “to liquidate our constitution”, a “criminal” conspiracy, and “a clear violation of the laws, […]
Finance
Trades Union Congress (TUC): Boom in gig economy workers shows struggle to make ends meet
Growing numbers of workers are turning to often insecure and badly paid platform work, such as food delivery and cleaning, to top-up lacklustre wages. A report by the University of Hertfordshire and Ipsos MORI has […]
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