Ask Prof Wolff: Government Finance - The Truth Behind Borrowing

Two Patrons of Economic Update ask: "Can you please explain the difference between the government borrowing money (from the corporations/rich/other countries) vs. printing money? What are the differences between government bonds for financing infrastructure projects or public goods, and borrowing money from corporations and billionaires for those same projects and services? What if bonds are bought by rich people and corporations to get the tax write offs?"

This is Professor Richard Wolff's video response.

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Showing 1 comment

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