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.
Solutions
Euronews: Publicly-owned supermarkets? Left-wing party sparks debate in Spain as food prices soar
Podemos is part of the government, so proposing an idea at election time without backing it up with real initiative isn’t great, but at least it’s sparking debate on alternative solutions. Read the article HERE.
Austerity
Aditya Chakrabortty: Our benefits system has become a racket for cheating the poor
Behind the “News” are people, who are seldom mentioned. When they do appear briefly and rarely, it is mostly in a sanitised and aestheticized version. Aditya Chakrabortty has been trying for years to turn this […]
Geopolitics
Responsible Statecraft: US may push but Ukrainians balk at lowering draft age to 18
Washington voices keep asking for more. Read HERE
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