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
Neil Warner: The Idea of “Social Europe” Became an Alibi for the European Union’s Neoliberal Turn
European left parties responded to the crisis of social democracy by proposing more radical reforms to be carried out at a transnational level. But the call for “social Europe” ended up serving as a thin […]
Economics
Jerome Roos: Rentier capitalism does not come with a reset button
Monopolisation, profit without purpose and social corrosion are not accidents – they are inherent, and ever more pronounced, factors of the system itself. Read here
Geopolitics
Ian Proud: What’s next for Ukraine? Trump and Putin leave the world guessing
The Alaska summit promised much but delivered little. Can the US and Russia find peace without Ukraine in the mix? Read Article HERE This file is licensed under the Creative Commons Attribution 4.0 International license.
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