There is no nexus that demonstrates that borrowing has anything to do with “financing” government net spending. Borrowing is a monetary operation aimed at interest-rate maintenance. … Read more “What would happen if a Sovereign Currency Issuing Government with a floating exchange rate ran a Fiscal Deficit without Borrowing?”
Day: January 24, 2016
We are governed by Idiots
After several interest rate reductions over the past two years, a tool used by the Reserve Bank to stimulate activity, not much has happened. Business has not… Read more “We are governed by Idiots”
This Bernie Sanders’ Appointee Has Proposed an ELR- So Who is She and What is That?
Originally posted on The Déclassé Intellectual:
An Employer of Last Resort, also known as a job guarantee, is exactly what it sounds like. It is a…