Central banks have cut interest rates, some governments have introduced stimulus measures. But still the disease spreads and livelihoods are put at risk. In today’s extra (free) edition of the Debunking Economics podcast Prof Steve Keen argues that stimulus measures are nowhere near enough, and serious sums of helicopter money need to be added to everyone’s bank account. He has been arguing for some time that there’s a need for a debt jubilee to get the economy moving, and now might be the time to do it, starting with the issuance of zero interest debt jubilees and personal bank deposits to cover mortgages and other outstanding commitments.
A topic that most do not understand although so fundamental to our economy (Richard uses the term “Gilts”, which is what government bonds are called in the UK)
On this episode, something a little different. Aidan Regan is an assistant professor at the School of Politics/International Relations at University College Dublin UCD, and has a podcast we think you’ll like. We think you’ll […]