Home » xyzzy » Dungeon » Modern Monetary Theory (or, how I stopped worrying about the natl debt.)
Re: Modern Monetary Theory [message #96228 is a reply to message #96226] Mon, 12 December 2022 19:31 Go to previous messageGo to previous message
Rusty is currently offline  Rusty
Messages: 1186
Registered: May 2018
Location: Kansas City Missouri
Illuminati (3rd Degree)
Just another article calling attention to the misery inflicted on the weaker smaller countries of the world. The world bank and the international monetary fund carry out the loan arrangements for the banking elites to capture poor countries in a cycle of austerity and debt overload. When debts become too great for governments to keep up payments, they forfeit their countries assets to these banking giants.
Bill Mitchell, Australian co founder of MMT gives the lowdown for this decrepit practice carried out around the world.

http://bilbo.economicoutlook.net/blog/?p=51024
 
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