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
Michael Hudson – Rescuing the Banks Instead of the Economy
2018 marks the 10th anniversary of the stock market crash of 2008; the current financial malaise is the result of the bank bailouts, not the crash; an over-indebted economy cannot be saved unless the banks […]
Economics
Stephanie Kelton – The Public Purse
A good lecture concerning Modern Monetary Economics
Climate Crisis
Steve Keen – Hiding in Plain View: Why economists can’t see the obvious coming
Ten years after the crisis, the Australian economist Steve Keen, who has recently joined Finance Watch as an individual member, calls his mainstream counterparts to account for (still) ignoring the very obvious causes of financial […]
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