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.
Geopolitics
Euro-Med Human Rights Monitor: United Nations World Food Programme (WFP) Executive Director should be fired for unethical breach of neutrality
Euro-Med Monitor called McCain’s participation in—and her front-row seat at—Canada’s Halifax International Security Forum, which took place from November 17 to 19, deeply concerning. The push to raise money for the Israeli army, said the […]
Climate Crisis
Céline Keller – Comic: Dawn of the Energy Charter TREATY
“The ECT is the most powerful weapon in the hands of fossil fuels companies. Put it simple, this treaty is a major threat to the EU energy sovereignty, green deal, and climate justice goals. This […]
Climate Crisis
Reuters: As German gas rationing looms, industry begs exemptions
We all know how this will end. Corporations will receive as much gas as they want at a reduced price plus more public money on top. At least it will be Green Gas thanks to […]
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