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.
Corruption
BBC: US airlines used up spare cash buying back shares
Over years we have read how corporations have stopped investing, instead buying back shares to drive up the price of their, thus enriching the rich and the managers. Now they want us to bail them […]
Climate Crisis
MIT: How rising groundwater caused by climate change could devastate coastal communities
Higher sea levels will push the water table up with them, causing flooding, contamination, and all manner of unseen chaos. Read here
Economics
Eurostat – Trade with China 2025: exports decreased by 6.5%, imports increased by 6.4%
In 2025, the EU exported €199.6 billion worth of goods to China and imported €559.4 billion, resulting in a trade deficit of €359.8 billion. Compared with 2024, exports decreased by 6.5% while imports increased by […]
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