If Government Can Print Money, Why Does It Borrow? — L. Randall Wray (2005)

Summary:
Recently, the neglected question of why the US government borrows, given that it can print money, has arisen in the context of discussions surrounding a new documentary, Finding the Money. As L. Randall Wray observes in this one-pager, Modern Money Theory has been providing answers to this question for some time; and, he argues, it is a topic that mainstream economists are ill-equipped to address, since very few concern themselves with the monetary operations that underlie the question of why a currency-issuing government issues debt.Underground Network ONE-PAGER No. 72 | May 2024If Government Can Print Money, Why Does It Borrow?L. Randall Wray, Levy Economics Institute, 2005Also at Underground Network May 9, 2024New documentary that explains how money works and how pretty much everyone

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