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.
Finance
Charles Adams: Science and technology are the greatest agents of collective human progress.
From Progressive Pulse The market does not drive productivity, so necessary to improving living standards. Investment in research and development leads to productivity gains, but as we know, money is not being invested in the real […]
Economics
DeStatis – German Recession: Exports in June 2024: -4.4% year on year
Exports (calendar and seasonally adjusted exports of goods), June 2024 127.7 billion euros -3.4% on the previous month -4.4% on the same month a year earlier Imports (calendar and seasonally adjusted imports of goods), June […]
Climate Crisis
DeStatis – Germany: Electricity production in the 1st half of 2022: coal-generated electricity up 17.2% on the same period a year earlier
Well done Bobby “Green Gas” Habeck and the German Greens. Nearly a third of the electricity produced in Germany comes from coal-fired power plants Many hours of sunshine result in considerably more solar electricity Electricity […]
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