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
Simon Wren-Lewis: Dani Rodrik talks straight on trade
Wren-Lewis discusses Dani Rodrik’s new book “Straight talk on trade”. Read here
Economics
Evonomics – Anat Admati: It Takes a Village of Media, Business, Policy, and Academic Experts to Maintain a Dangerous Financial System
A mix of distorted incentives, ignorance, confusion, and lack of accountability maintain a dangerous financial system Read here
Climate Crisis
Corporate Europe Observatory: Research & Destroy
The factories of the industrial bioeconomy threaten the climate and biodiversity Read here
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