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.
National Politics
Peter Ramsay: When Is a Coup not a Coup?
Liz Truss’s meteoric downfall is being seen by some Brexiters as a Remainer coup Read Here
Economics
Ann Pettifor – Britain is Owned
To be a foreign asset is to be owned Read HERE
EU politics
The Irish Times: Ireland – Massive increase in reports of money laundering
Banks and financial institutions reported over 24,000 suspect transactions in 2017 Read here
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