A society riddled with debt is a society that is reluctant or unable to spend. A lot of that debt has now found its way into housing, with mortgages higher than ever. That’s money we’re using to pay off our home loan that we could be spending keeping the economy moving. In short, its slowing the speed at which money circulates. So, how do we fix it? The answer, is get rid of the debt. And Steve Keen has a cunning plan. A monetary reset. How would it work? Phil Dobbie explores the idea in detail with Steve on today’s Debunking Economics podcast.
Geopolitics
John Mearsheimer, Alexander Mercouris, Glenn Diesen: The West in Decline
A look at the developments around the war in Ukraine
Geopolitics
Ilan Pappe, Aaron Bastani – Could Israel Become a failed State?
4 November 2024
Finance
The Real News: UK Household Debt has Reached Unsustainable Levels
Consumer and student debt in the UK have reached unprecedented levels and are a warning that austerity could lead to a new financial crisis, explains Positive Money’s economist Edward Smythe in this interview for The […]
Be the first to comment