Category: Economy

MMT EXPLAINED WITH DR. ROBERT MURPHY (Video)

MMT EXPLAINED WITH DR. ROBERT MURPHY Video by Mises Media Do we fund government or does government fund us? Can sovereign states issue currency at will without risk of default? Are government deficits actually a form of public wealth? And...

Money Is Not Wealth

Money Is Not Wealth BY MICHAEL MAHARREY for Schiff Gold TDC Note – Actually, real money, gold, is wealth. Paper fiat Federal Reserve Notes produced by the Federal Reserve, mislabeled as “money” and “dollar”, is nothing more than a piece of...

Taxpayers Face $435 Billion in Student-Loan Losses, Already Baked in: Leaked Education-Department Study

Taxpayers Face $435 Billion in Student-Loan Losses, Already Baked in: Leaked Education-Department Study Most of the losses come from established income-based repayment programs that include debt forgiveness at the end. No one has ever put a number to it until...

End of The Road To Serfdom? Bank of England Goes To MMT To Fight Deflation Other Gvmnts Will Copy? (Video)

End of The Road To Serfdom? Bank of England Goes To MMT To Fight Deflation Other Gvmnts Will Copy? Video by Wall St for Main St

The Mnuchin-Powell Affair over the Fed’s “Special Purpose Vehicles” in Dollars & Effects

The Mnuchin-Powell Affair over the Fed’s “Special Purpose Vehicles” in Dollars & Effects Why do bondholders and leveraged speculators have to be enriched, instead of providing fiscal relief to the unemployed and small businesses? That’s the question. By Wolf Richter for WOLF STREET....