Steve Keen and Michael Hudson have both been arguing for a debt jubilee for some time. Now, as COVID-19 hits the poorest hardest, and leaves those with money better off than before, is this the right time to write off debt? Can the economy recover without it? After all, its stagnated since the 2008 global financial crisis. If you were to have a debt jubilee, how would you do it. Steve and Michael have different ideas about how it should be implemented. They explain their thinking to Phil Dobbie on this week’s free edition of the Debunking Economics podcast.
Austerity
Steve Keen – Britain Can’t Afford Rachel Reeves
Why the decision to abolish the winter fuel payment is not just bad politics and ethics, but also bad economics Steve Keen is an Australian economist and author. A post-Keynesian, he criticizes neoclassical economics as […]
EU politics
Ashoka Mody – ECB’s Draghi Ran Out of Ammunition for Italy
Ashoka Mody is spot on. The ECB has no new options to help Italy, it is now a question of financial policy. The Euro is fundamentally flawed. Italy’s conflict has become a question of democracy. […]
Geopolitics
John Mearsheimer – On Putin, Israel-Hamas And More
27.02.2024 It was never clear how hysteric Piers Morgan is, nor that he is not all that intelligent. Interesting and instructive are the answers by Mearsheimer to Morgan’s mainstream arguments. You can see how many […]
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