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?
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Bill Mitchell: Why do currency-issuing governments issue debt? – Part 1
EU politics
Bill Mitchell: When old central bankers know what is wrong but can’t bring themselves to saying what is right
The euro monetary union is a massive failure. It would be far better to dissolve it in an orderly manner to avoid those massive income and job losses and to support the restoration of full […]
Geopolitics
+972 Magazine: The spiraling absurdity of Germany’s pro-Israel fanaticism
As repression of Palestine solidarity penetrates every sector of life, the state’s liberal self-image is fast becoming a story Germans can only tell themselves. Read HERE
EU politics
Harrison Stetler – France’s Parti Socialiste Agrees to Bad Deal With Macronists
‘On Thursday, France’s Parti Socialiste refused to back a motion of no confidence in François Bayrou’s government. It sold out its left-wing allies for feeble concessions, renewing the party’s dismal record of tailing neoliberal centrists.’ […]
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