Society, Politics & Law
Why we no longer need melted-down bracelets to make bullets (or build roads)
...open economy like the UK, higher inflation can push down the exchange rate, making foreign debts much harder to repay. But inflation hasn’t taken off, despite unprecedented amounts of money-printing by central banks since the financial crisis. So Modern Money Theory (MMT), which claims that governments (and their social-security and pension funds) can never run out of...
