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
Austerity
Bill Mitchell – Unaccountable central bankers once again out of control
“Someone must have been reading Robert Louis Stevenson, because within the space of a few months Mr Hyde is back in town, more lethal than before.” Read Here Photographs by Dan Smith, Adrian Pingstone, Yann, […]
EU politics
BBC: Kosovo agrees to rent prison cells to Denmark for its foreign prisoners
After beginning its wall building on the EU Eastern border, now this. Donald Trump must be incandescent that he did not think of it. Read here Nykoebing Prison in Denmark Photo by PejeDK licensed under […]
Corruption
Romania Insider: Romania’s chief anti-graft prosecutor faces disciplinary action for misconduct
Romania’s corrupt political elite is trying to get rid of the National Anticorruption Directorate’s chief prosecutor and her deputy. The reason: they are doing their job and investigating, arresting, and convicting leading politicians. Should the […]
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