“…Conventional economics, and all our journalists, always ask the wrong question: “Where will the money come from to pay for this?” But their first question should be something quite different. It should be: “Do the resources exist for money to buy?” If they do, finance can always be arranged.”
Bylines NetworkDonald Trump may have accidentally proved modern monetary theory right. The US can create the dollars to fund his war. What it can't create at will are missiles, factories, skilled workers and raw materials. Richard Murphy explains why that matters for far more than war. @eastangliabylines.co.uk