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Senate gives law enforcement the OK to spy on your internet history

Senate gives law enforcement the OK to spy on your internet history

A heartbreaker of a vote just went down in the U.S. Senate with disturbing implications for online privacy. On Wednesday, the Senate failed to pass an amendment to parts of the Patriot Act that would explicitly prevent law enforcement from using it to justify collecting individuals’ internet browser and search history without … Continue reading Senate gives law enforcement the OK to spy on your internet history

Can governments afford the debts they are piling up to stabilise economies?

Can governments afford the debts they are piling up to stabilise economies?

Yes — It poses no inherent danger to states that issue their own currency There are three real reasons. First, a currency-issuing government never needs to borrow its own currency. Second, it can always determine the interest rate on bonds it chooses to sell. Third, government bonds help to shore up the … Continue reading Can governments afford the debts they are piling up to stabilise economies?

How the Government Pulls Coronavirus Relief Money Out of Thin Air - The New York Times

How the Government Pulls Coronavirus Relief Money Out of Thin Air – The New York Times

Once-fringe ideas in economic theory are now nearly official policy as government borrowing surges and the Federal Reserve signals it could buy unlimited debt. “Once the central bank buys them (the bonds), it’s as if the Treasury never issued them in the first place,” said Dr. Kelton, “For all intents and purposes, … Continue reading How the Government Pulls Coronavirus Relief Money Out of Thin Air – The New York Times

Bank of England to directly finance extra government spending

Bank of England to directly finance extra government spending

The UK has become the first country to embrace the monetary financing of government to fund the immediate cost of fighting coronavirus, with the Bank of England to directly finance the state’s spending needs on a temporary basis. The move would allow the government to bypass the bond market until the Covid-19 pandemic … Continue reading Bank of England to directly finance extra government spending