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?
Austerity
Bill Mitchell – Political Economy Thought and Praxis Post Pandemic
This is the first in a series of talks by Bill Mitchell presented by the Helsinki Centre for Global Political Economy headed by Heikki Patomäki
Economics
Steve Keen – Vale Janos Kornai, one of the very few truly original and incisive thinkers in economics
I would rank Janos Kornai amongst the five most innovative economists who have lived during my own lifetime Steve Keen is a Distinguished Research Fellow, Institute for Strategy, Resilience & Security, UCL Cross-posted from Steve’s […]
Economics
Yanis Varoufakis – On the Deep State – an audio essay in seven parts
Is there a Deep State in our western liberal democracies? If so, is it a conspiracy or something more ‘interesting’ than that? These are questions that the Left has been traditionally engaged with, especially when facing […]
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