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
Middle East Eye: Francesca Albanese on exposing a global “economy of genocide” working with Israel
7 July 2025
Economics
GPEnewsdocs – Prabhat Patnaik: Imperialism then and now: Wealth, unemployment and insufficient demand
Prabhat Patnaik reviews the connections between imperialism and capitalism through history to stress that by necessity of the accumulation of wealth, somewhere demand has to be suppressed to provide cheap inputs to ‘the markets’. That […]
Economics
Steve Keen, Phil Dobbie – How fast can a magic money tree grow?
When British Prime Minister Theresa May said there was no magic money tree she was wrong. There is, but you still have to look after it. What happens if you take the money off the […]
Be the first to comment