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
EU-OCS: Thierry Breton: Is Macron new pick for the EU Commission a smart move?
The EU neo-liberal dream: Big Business regulating Big Business Read here
EU politics
Pascal Lottaz – Europe’s Walk of The Dammed: War Hysteria Today, War Euphoria Tomorrow
‘The continent is racing in Seven-Mile-Boots toward its next calamity. The Trump-Abandonment shock is stoking a war fever not seen in a century.’ In Pascal Lottaz’ Substack. Read the article HERE.
Austerity
Bill Mitchell: The ‘fiscal contraction expansion’ lie lives on – now playing in Italy – Part 2
It will be madness if Italy bows to the pressure from the European Commission and the IMF and its related bullies like Blanchard and Co. and engages in more fiscal austerity. Italy is on the […]
Be the first to comment