Governments the world over are spending like crazy to try and steer their economies through the COVID-19 crisis. Whether it’s the fiscal policies of the government or the monetary policies of the central bank, it all still revolves around using money that wasn’t around a few months ago. So how much of what is happening is described by Modern Monetary Theory – and how much more could be done if we accepted that MMT is the way things should really work. And do central banks, or treasurers really understand it? Phil Dobbie asks Prof Steve Keen whether MMT can solve the COVID-19 debt problem?
Corruption
Politics Joe – Corruption in Politics with Private Eye
Absolutely brilliant watch as Ian Hislop, Richard Brooks, and Solomon Hughes of Private Eye explain corruption patiently to the British parliamentary select committee on standards. The discussion is so basic, and we are not progressing. […]
Economics
Equals – Branko Milanović: An Incredible Explosion of Inequality
We are witnessing a COVID-19 driven explosion in inequality. This week, Oxfam released its annual report, Inequality Kills, showing that the pandemic is killing at least 1 person every 4 seconds, while the ten richest […]
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