Central banks have cut interest rates, some governments have introduced stimulus measures. But still the disease spreads and livelihoods are put at risk. In today’s extra (free) edition of the Debunking Economics podcast Prof Steve Keen argues that stimulus measures are nowhere near enough, and serious sums of helicopter money need to be added to everyone’s bank account. He has been arguing for some time that there’s a need for a debt jubilee to get the economy moving, and now might be the time to do it, starting with the issuance of zero interest debt jubilees and personal bank deposits to cover mortgages and other outstanding commitments.
Economics
Citations Needed: Jason Hickel – The Neoliberal Optimism Industry
We’re told the world is getting better all the time. In January, The New York Times’ Nick Kristof explained “Why 2017 Was the Best Year in Human History.” The same month, Harvard professor and Bill […]
Climate Crisis
Jonathan Pie – Sunak Stops Stopping Oil
This is political culture at its best.
EU politics
Aufhebunga Bunga: High-Visibility Revolt with Aurélie Dianara
The ‘gilets jaunes’ protests have shocked France, expressing a profound exasperation and anger that goes much deeper than frustration at a fuel tax. This is clearly a movement from below, of the people. But it […]
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