Welcome to part two of our chat with Professor L. Randall Wray. In the first episode we learned a lot about the origins of money – back in the distant past.
In this episode we are back in the 21st century. We learn what actually happens when we pay our taxes; what the government tells us taxes pay for; why governments surpluses don’t tend to bring joy to the world; and why most economists are still slow to take onboard MMT insights.
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OK, let’s jump into part two of our chat with Professor L. Randall Wray.
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