In this video, MMT framers Warren Mosler and L. Randall Wray explain why currency-issuing federal governments don’t need to “borrow” in their own currency, what treasury bonds are, and why they are obsolete.
Resources and other materials:
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Modern Money & Public Purpose 1: The Historical Evolution of Money and Debt:
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Fiscal Sustainability Conference 2010 (Part 5): [ Ссылка ]
7 Deadly Innocent Frauds of Economic Policy:
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We believe all materials used in this video fall under Fair Use as defined in Section 107 of the Copyright Act of 1976.
Weaponize Knowledge with Modern Monetary Theory (MMT)
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