Billions of dollars are being pumped into economies the world over to protect economies from COVID-19. Much of it comes in the form of government fiscal stimulus, funded through bond issuance. Some of it involves businesses taking up further debt themselves, through low interest loans. Nobody seems to be pursuing helicopter money and while there’s some dabbling on the idea of universal basic income in the US, the money is peanuts compared to average expenditure. In this special free podcast, Phil Dobbie asks Steve Keen whether enough is being done to facilitate a rapid economic recovery, and who will be the beneficiaries – the business sector or the finance sector?
This film is powerful enough to speak for itself.
Jason Hickel explains why the numbers being used to measure world poverty are not accurate and give the impression of improvement, where the situation is in reality getting worse.
There is probably no economic fallacy that is so difficult to correct than that of Swabian hausfrau economics (you can only spend what you have) having no relevance with regard to public finance. Steve Keen […]