Billions of dollars are being pumped into economies the world over to protect economies from COVID-19. Much of it comes in the form of government fiscal stimulus, funded through bond issuance. Some of it involves businesses taking up further debt themselves, through low interest loans. Nobody seems to be pursuing helicopter money and while there’s some dabbling on the idea of universal basic income in the US, the money is peanuts compared to average expenditure. In this special free podcast, Phil Dobbie asks Steve Keen whether enough is being done to facilitate a rapid economic recovery, and who will be the beneficiaries – the business sector or the finance sector?
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Clara Mattei – The Capital Order: How Economists Invented Austerity & Paved the Way to Fascism
October 12, 2022
Mathew D. Rose
Austerity, Economics, Finance, Financial Institutions, Inequality, Neo-Liberalism in the EU
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A talk based on Mattei’s recent book with the same title
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