debt

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PART 2. Modern Monetary Theory

How do government “debt” and the “deficit” operate? How does the government differ from households? Join Felix in Modern Monetary Theory’s answers to these questions.

Why we ought to rethink debt

What is debt? David explores debt through a moral and economical lens and its implications on our future society. With discussions about happiness and the innate structural deficiencies in hegemony, David guides us through ‘why we ought to rethink debt.’

A bitter summer: Greece on the precipice

A referendum has been called, global markets are frightened. Leon Obrenov outlines the latest developments in the Greek debt crisis, and discusses whether Greece has anything left to lose.

What Chapter 9 Bankruptcy means for Detroit

Even wonder what happens when a city goes bankrupt? Does a form of government even control the city anymore? Other questions such as who provides the public services or do the residents still pay tax also come to mind. Since the city of Detroit filed for Chapter 9 bankruptcy protection on the 18th of July 2013 at an estimated $18 billion worth of debt, I guess it is worth talking about it how it could pan out.

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Bank of Japan’s monetary policy: Japan and Australia

Last year on December 26th, Shinzo Abe assumed office as Japan’s current Prime Minister and immediately began fulfilling his electoral campaign promises of bringing sweeping economic reform and output growth to the world’s third largest economy. After suffering decades of lacklustre output and many failed attempts to induce growth, Abe’s policies, both currently implemented and in the pipeline, are the biggest things to hit Japan since Godzilla itself.

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