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"Any ambitious proposal - ranging from fixing crumbling infrastructure to Medicare for all or preventing the coming climate apocalypse - inevitably sparks questions: how can we afford it? How can we pay for it? Stephanie Kelton points out how misguided those questions really are by using the bold ideas of modern monetary theory (MMT), a fundamentally different approach to using our resources to maximize our potential as a society. We've been thinking...
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English
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Should American money be issued as a public utility instead of as credit? In this program Hazel Henderson explores monetary restructuring with Ellen Brown, author of Web of Debt: The Shocking Truth about Our Money. Brown's premise is that because dollars are no longer backed by gold they are actually being loaned as freshly-created money, a practice she finds deceptive and destabilizing. Using the Bank of Australia as an example, Brown outlines a...
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English
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If you want a quick, brutal lesson on Europe's debt crisis, just ask an Irish property developer. Better yet, take a stroll along the banks of Dublin's Liffey River, where new office buildings and prime waterfront real estate have plummeted in value. Meanwhile, unemployment soars across the nation, especially among Ireland's young people. How did it happen, and did Ireland get a raw deal in comparison with other European Union countries also facing...