Exposing what banks do, how inherently fragile the whole system is, and how unproductively its power has been wielded, lays the groundwork to demand a new approach to managing the credit system.
How to reconcile what we know happened in 1920s Germany (money printing, hyperinflation), with MMT views? After all, MMT theorists tend to downplay worries about "money printing."
Once we start talking about "printing money," the danger is that misunderstandings about what money is get amplified. It is the belief that a colourful piece of paper has a certain value that matters.
President Obama made an energy speech this week that had little new to offer, while on Capitol Hill, Republicans were pushing to relieve the government of its last options to limit carbon emissions.
German Chancellor, Angela Merkel, claimed recently in a bizarre twist of logic that "multiculturalism" did not work in Germany. Really?
In Germany, solar power installations are not only providing jobs, increased efficiency and cost savings -- they are allowing the owners of the systems to sell excess power back to the power grid.
Der Spiegel reports that German forces are no longer restricted to ground operations and have begun ordering air strikes and drone attacks from the U.S. arsenal.
The German election confirmed a trend and quite similar results across the European continent in the June 2009 elections for the European Parliament.
The Kunduz bombing, which killed and injured many civilians, is being felt in Germany as its elections near. The Left Party is campaigning under the slogan "Get out of Afghanistan."