The government has learned to use QE to fund the coronavirus crisis, which is all well and good except for the fact that there are significant wealth inequalities arising as a result as some in the population save substantial amounts. If we are to prevent runaway asset inflation arising a way to use those savings has to be found and they have to be used to fund constructive activity. I outline some new thinking on this issue in this video. There is much more thinking to do in this area if social justice is to exist after coronavirus.
Climate Crisis
Steve Keen – “Don’t Study THIS Economist” Top Economist Warns Students
This is an edited video of a talk I gave at Yale University, where Nordhaus is a Professor, critiquing his work and that of his cabal of followers.
Austerity
John Weeks – Austerity
John Weeks explains why one does not need an economist to understand economics, why austerity in Britain was and is unnecessary, the importance of gilts in a society, and lots more.
Economics
The MMT Podcast – Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask
MMT economist Steven Hail helps understand the intricacies of a modern money banking system as they discuss the interplay of government spending, private sector transactions, reserve and bond accounts at the central bank and how […]
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