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?
Economics
Steve Keen: Margin Debt at Levels Not Seen Since the Peak of the Roaring Twenties Mania – and Falling
The role of margin debt in the current stockmarket fall. Steve Keen is a Distinguished Research Fellow, Institute for Strategy, Resilience & Security, UCL Cross-posted from Steve’s Blog “I fancy that over-confidence seldom does any […]
Climate Crisis
Susan Paulson and Jason Hickel – “Everything you wanted to know about Degrowth (But didn’t know who to ask).”
This is our podcast from 9 December 2020
Climate Crisis
Steve Keen – Using Energy to Measure Economic Output, Not Prices
Since the mid-20th century, economic growth has become a sort of Holy Grail for measuring how economies are doing. But there are real problems using this method as it ignores increasing inequality and worsening environmental […]
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