Global equality and the environment - how do we save these? Modern Monetary Theory (MMT) is a macroeconomic theory that proposes that governments with their own currency have the ability to spend unlimited amounts of money on desirable sectors of the economy. Sustainably productive investments increase budget space According to MMT, government spending is limited by inflation and not by public debt....
Category: BIS bank
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Borg fears new financial crisis in 2018
According to Dagens ETC 2014-06-13, the next banking crisis will come around 2018 according to information that Anders Borg gave the banks at a separate meeting. Then Sweden runs an extremely high risk of being affected by the same action program that Southern Europe is now going through. What saved us from the most severe consequences of the financial crisis in 2008 was our high tax revenues and a little stricter…
Privatization of central banks, fractional reserve banking and the recurring recessions
A crucial question throughout the history of capitalism is who owns the right to create new money and how it is allowed to happen. The story is largely about the struggle for this right. Creating money belongs to the most ingenious system in our human history for the development of our prosperity. There was a time when money was debt free with no interest….
Crises of stupidity – the recession in Sweden and the world in 2012
This will be an overall and connecting article. In any case, since 2006 we have mostly had a recession. I believe this in Sweden and many other countries is due to not investing in the public sector and creating jobs for everyone.