Ask Prof Wolff

Government Finance - The Truth Behind Borrowing


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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?"

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Ask Prof WolffBy Democracy at Work - Richard D. Wolff

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