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.
EU politics
Thomas Fazi: How the Establishment Is Domesticating Populism
The victory of the right-wing candidate George Simion in the first round of Romania’s rerun presidential election has been celebrated by some on the right as a populist victory. By this account, the EU- and […]
EU politics
Al Jazeera – France to withdraw ambassador, troops from Niger after coup: Macron
The new military rulers had been demanding the exit of French ambassador and troops after Macron refused to recognise the coup. Read HERE
Austerity
Bill Mitchell: Tunisia is a classic example of the failed IMF/World Bank development model
The IMF and World Bank, destroyers of developing nations. Read here
Be the first to comment