Steve Keen and Michael Hudson have both been arguing for a debt jubilee for some time. Now, as COVID-19 hits the poorest hardest, and leaves those with money better off than before, is this the right time to write off debt? Can the economy recover without it? After all, its stagnated since the 2008 global financial crisis. If you were to have a debt jubilee, how would you do it. Steve and Michael have different ideas about how it should be implemented. They explain their thinking to Phil Dobbie on this week’s free edition of the Debunking Economics podcast.
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NIMA ALKHORSHID: Welcome back, Richard and Michael. RICHARD WOLFF: Welcome to you too. Thank you. NIMA ALKHORSHID: And happy new year to both of you. RICHARD WOLFF: Yes, and to you. NIMA ALKHORSHID: And to […]
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