This is the recorded talk I gave to Positive Money Italy (http://monetapositiva.blogspot.com/) on November 23rd 2018. I explain that excessive private credit caused the relative boom in Italy before the crisis, and the collapse in credit during the Eurozone-imposed period of austerity is the main reason that economic growth in Italy has stagnated.
In recent years, more and more attention has been paid to how economic theory is divorced from environmental reality, exemplified by how environmental breakdown is often dismissingly referred to as a mere “externality”. In this […]
Steve Keen too has a look at 20 years of the Euro. Steve Keen is an economist. He is an expert on Minsky’s Financial Instability Hypothesis, and is one of the handful of economists who […]