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.
Economics
Richard D. Wolff, Michael Hudson, Nima Alkhorshid – Cascading Policy Failures Undermine Empire
How U.S. imperial power rests on fragile mechanisms: dollar reserves recycling deficits, tariffs as hidden taxes, and oil and food as leverage. But each policy now collides with shifting trade, new alliances, and domestic squeeze. […]
Geopolitics
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I have just commenced a six-month research project at the Budapest Centre for Long-Term Sustainability (https://bc4ls.com/), and one of my allotted tasks is to write a 30,000 word book. With apologies to my good friend […]
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