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.
Climate Crisis
George Monbiot: Level Down
The living world is being hit by everything at once: the only way to stop our full-spectrum assault on Earth systems is to reduce our economic activity. Read here
Economics
The Palestine Chronicle: Overwhelming Majority – Norway’s Largest Trade Union Votes for Boycott of Israel
The decision was passed with an overwhelming 88 percent majority during the labor federation’s national congress. Read Article HERE
Climate Crisis
Reuters: Key takeaways from the IPCC report on climate impacts and adaptation
IPCC reports are becoming a parody of themselves: unpolitical, always still hope when we meet 1.5 degree warming (that is dead as a doornail). Fact is, little is happening – if anything – to stop […]
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