{"id":3102,"date":"2017-04-12T15:11:34","date_gmt":"2017-04-12T13:11:34","guid":{"rendered":"http:\/\/www.actvism.org\/?p=3102"},"modified":"2020-11-06T17:48:55","modified_gmt":"2020-11-06T16:48:55","slug":"richard-wolff-public-debt-money","status":"publish","type":"post","link":"https:\/\/www.actvism.org\/en\/politics\/richard-wolff-public-debt-money\/","title":{"rendered":"Richard Wolff: What is Public Debt? How is money printed? And how do Governments pay for Wars?"},"content":{"rendered":"<div class=\"container\">\n<div class=\"row justify-content-md-center\">\n<div class=\"col-md-8 pb-3\">\n<p><strong>Richard Wolff: What is Public Debt? How is money printed? And how do Governments pay for Wars?<\/strong><\/p>\n<hr \/>\n<p>In this <a href=\"https:\/\/www.youtube.com\/playlist?list=PLhxITUni9OWfL7UoYK7pOnJkm6JNZFuFS\" target=\"_blank\" rel=\"noopener noreferrer\">educational video <\/a><span data-offset-key=\"fqk74-0-0\">Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of <\/span><span class=\"_247o\" spellcheck=\"false\" data-offset-key=\"fqk74-1-0\"><span data-offset-key=\"fqk74-1-0\">Democracy at Work<\/span><\/span><span data-offset-key=\"fqk74-2-0\">, <\/span><span class=\"_247o\" spellcheck=\"false\" data-offset-key=\"fqk74-3-0\"><span data-offset-key=\"fqk74-3-0\">Richard Wolff,<\/span><\/span><span data-offset-key=\"fqk74-4-0\"> defines public debt &amp; 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.<\/span><\/p>\n<hr \/>\n<p><span data-ft=\"{\"><span class=\"UFICommentBody\">Don\u2019t forget to donate to our current Crowdfunding campaign so that we can continue our education series with Richard Wolff throughout 2017:\u00a0<a href=\"https:\/\/www.betterplace.org\/en\/projects\/51400-actvism-munich-crowdfunding\">https:\/\/www.betterplace.org\/en\/projects\/51400-actvism-munich-crowdfunding<\/a><\/span><\/span><\/p>\n<hr \/>\n<h2>VIDEO: What is Public Debt? How is money printed? And how do Governments pay for Wars?<\/h2>\n<p><iframe loading=\"lazy\" title=\"Richard Wolff - What is Public Debt? How is money printed? And how do Governments pay for Wars?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/3DdYJIM9fgo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<hr \/>\n<p>To view the educational playlist with Richard D. Wolff, <a href=\"https:\/\/www.youtube.com\/playlist?list=PLhxITUni9OWfL7UoYK7pOnJkm6JNZFuFS\" target=\"_blank\" rel=\"noopener noreferrer\">click here.<\/a><\/p>\n<hr \/>\n<h3>RICHARD D. WOLFF<\/h3>\n<figure id=\"attachment_2392\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.actvism.org\/wp-content\/uploads\/2016\/10\/wolff1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2392 size-thumbnail\" src=\"https:\/\/www.actvism.org\/wp-content\/uploads\/2016\/10\/wolff1-150x150.jpg\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" srcset=\"https:\/\/www.actvism.org\/wp-content\/uploads\/2016\/10\/wolff1-150x150.jpg 150w, https:\/\/www.actvism.org\/wp-content\/uploads\/2016\/10\/wolff1.jpg 249w\" alt=\"Richard D. Wolff\" width=\"150\" height=\"150\" \/><\/a><figcaption class=\"wp-caption-text\"><em>Richard D. Wolff<\/em><\/figcaption><\/figure>\n<p><strong>Richard D. Wolff<\/strong> is Professor of Economics Emeritus, University of Massachusetts, Amherst. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, and the University of Paris I (Sorbonne). He is a co-founder and contributor of Democracy at Work, a non-profit organization that promotes democratic workplaces as a key part of a transition to a better economic system. Wolff has published many books and articles, both scholarly and popular. Most recently, in 2012, he published the books Democracy at Work: A Cure for Capitalism (Haymarket Books) and Contending Economic Theories: Neoclassical, Keynesian, and Marxian, with Stephen Resnick (Cambridge, MA, and London: MIT University Press). He writes regularly for Truthout.org. He has been interviewed on The Charlie Rose Show, Up with Chris Hayes, Real Time with Bill Maher, Democracy Now!, Al-Jazeera English, Thom Hartmann, NPR, Alternative Radio, and many other radio and TV programs in the United States and abroad. The New York Times Magazine has named him \u201cAmerica\u2019s most prominent Marxist economist.<\/p>\n<hr \/>\n<h2>We require your support to continue our work in 2017 &amp; 2018!<\/h2>\n<p>In case you think independent media and journalism are important in today\u2019s day and age, then <a href=\"https:\/\/www.betterplace.org\/en\/projects\/51400-actvism-munich-crowdfunding\">click here to access our crowdfunding platform<\/a>. Here are some opinions from our crowdfunding supporters:<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2866 size-full\" src=\"https:\/\/www.actvism.org\/wp-content\/uploads\/2017\/02\/16115017_1262785790474180_7380172924717573334_n.jpg\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" srcset=\"https:\/\/www.actvism.org\/wp-content\/uploads\/2017\/02\/16115017_1262785790474180_7380172924717573334_n.jpg 960w, https:\/\/www.actvism.org\/wp-content\/uploads\/2017\/02\/16115017_1262785790474180_7380172924717573334_n-150x150.jpg 150w, https:\/\/www.actvism.org\/wp-content\/uploads\/2017\/02\/16115017_1262785790474180_7380172924717573334_n-300x300.jpg 300w, https:\/\/www.actvism.org\/wp-content\/uploads\/2017\/02\/16115017_1262785790474180_7380172924717573334_n-768x768.jpg 768w, https:\/\/www.actvism.org\/wp-content\/uploads\/2017\/02\/16115017_1262785790474180_7380172924717573334_n-700x700.jpg 700w\" alt=\"Crowdfunding Supporters\" width=\"960\" height=\"960\" \/><\/p>\n<hr \/>\n<\/div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In this educational video Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard D. Wolff defines public debt &#038; money printing.  Prof. Wolff also talks about the role that corporate banks play in this system as well as how politicians can misuse and exploit this mechanism in order to garner political capital or justify wars.<\/p>\n","protected":false},"author":1,"featured_media":2935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1,28,14],"tags":[],"channel":[],"class_list":["post-3102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-interviews","category-politics"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"en","enabled_languages":["de","en"],"languages":{"de":{"title":true,"content":true,"excerpt":true},"en":{"title":true,"content":true,"excerpt":true}}},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is Public Debt? 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