Richard Wolff - What is Public Debt? How is money printed? And how do Governments pay for Wars?
April 12, 2017
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9:10Now PlayingRichard Wolff - What is Public Debt? How is money printed? And how do Governments pay for Wars?
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In this educational video Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard Wolff, defines public debt & explain the process of printing money. Prof. Wolff also talks about the role that corporate banks play in this system as well as how politicians exploit the mechanism of money printing in order to garner political capital or justify going to wars.
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