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.
Economics
Chris Dillow: HOW INEQUALITY PERSISTS
Why do people tolerate the current obscene inequality in the world? There could be a number of reasons. Read here
EU politics
Al Jazeera – France to withdraw ambassador, troops from Niger after coup: Macron
The new military rulers had been demanding the exit of French ambassador and troops after Macron refused to recognise the coup. Read HERE
Geopolitics
Sky News: One dead and dozens injured after Israeli gunfire at aid hub in Gaza
Ajith Sunghay, head of the UN Human Rights Office for the Palestinian territories, said it appeared that Israeli army gunfire had caused most of the injuries. Palestinians have become desperate for food after nearly three […]
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