MMT economist Steven Hail helps understand the intricacies of a modern money banking system as they discuss the interplay of government spending, private sector transactions, reserve and bond accounts at the central bank and how these things impact on interest rates, plus the effect of quantitative easing.
Related Articles
Inequality
Catherine Liu, Chris Hedges – Virtue Hoarders and the Rejection of Liberalism
12 February 2025 The material needs of working class people in America continue to be obscured and co-opted by politicians and people claiming to know what’s best on both sides of the political aisle. While […]
Austerity
Branko Milanović – Recent trends in global income distribution and their political implications
February 2, 2023
Mathew D. Rose
Austerity, Economics, Finance, Globalisation, Inequality, National Politics, Neo-Liberalism in the EU, Tax
0
Starts at Minute 1 The talk discussed the evolution in global inequality over the past thirty years. It will focus on the most recent 2008-2018 estimates of global income distribution and will draw political implications […]
Geopolitics
Ray McGovern, Glenn Diesen – The Lasting Consequences of the Iran War
24 june 2025 Ray McGovern discusses the lasting consequences of the war on Iran. McGovern was a CIA intelligence analyst for 27 years, chaired the National Intelligence Estimates and participated in preparing the President’s Daily […]

Be the first to comment