Do Bond Sales & Borrowing Finance US Deficit Spending?
Professor L. Randall Wray responds to this question and debunks the misunderstandings and fallacies surrounding it.
Do Bond Sales & Borrowing Finance US Deficit Spending? Read More »
Professor L. Randall Wray responds to this question and debunks the misunderstandings and fallacies surrounding it.
Do Bond Sales & Borrowing Finance US Deficit Spending? Read More »
Comments and responses on the Modern Money Primer Part 34.
MMP Blog #34 Responses Read More »
The US Dollar probably will not remain the world’s reserve currency. From the US perspective, that might be a disappointment. In the long view of history, it is inconsequential.
MMP Blog #34: Functional Finance and Exchange Rate Regimes: The Twin Deficits Debate Read More »
Comments and responses on the Modern Money Primer Part 26.
MMP Blog #26 Responses Read More »
Comments and responses on the Modern Money Primer Part 24.
MMP Blog #24 Responses Read More »
When government deficit spends, some of the claims on government will end up in the hands of foreigners. Does this matter? Yes, according to many.
MMP Blog #24: What if Foreigners Hold Government Bonds? Read More »
Comments and responses on the Modern Money Primer Part 22.
MMP Blog #22 Responses Read More »
Comments and responses on the Modern Money Primer Part 21.
MMP Blog #21 Responses Read More »
It is best to think of the net saving of the nongovernment sector as a consequence of the government’s deficit spending—which creates income and savings.
MMP Blog #21: Government Budget Deficits and the “Two-Step” Process of Saving Read More »