1. Money doesn't actually exist 2. Government issue bonds for sale base on a promise to buy these back at a given amount on a given date. 3. Government gets money for bonds and spends it to create revenue 4. The promise to pay is then called government debt 5. Governments can issue more… Continue reading Money as a construct
Tag: Capital
Rumours
I have started to hear the consequences of my consumption In broad daylight my armoire accuses me of killing an Amazonian frog to create it My iPad, calls to me at night, asking how many acres of habitat were disrupted, in order to mine its contents My batteries cry themselves to sleep, and dream of… Continue reading Rumours
Ceteris Paribus 