Marco Marchese interviews Paolo Barnard, Jun 4, 2012
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Key Economic Facts:
How a government chooses to finance its activities can have important effects on the distribution of income and wealth. Money is not a product of nature but an invention of man, and it has little to no meaning aside from what we allow it to have.
A real, sovereign democratic nation by definition has all of the money it could possibly need.
Federal spending is not related to taxes.
The current world monetary system assigns no special role to gold; indeed, the Federal Reserve is not obliged to tie the dollar to anything. It can print as much or as little money as it deems appropriate. There are powerful advantages to such an unconstrained system.
Also Watch, Money is NO Object:
MMT – Money, Debt, Democracy
MMT (Modern Money Primer)
Google the Web:
Modern Monetary Theory (MMT)
Federal Reserve System
European Central Bank