How widespread is the idea that one person’s debt is another person’s credit and therefore has no impact on the economy. What are the implications of this thinking and what changes when the realisation that the banking sector is also involved and so is is the relative velocity of money in different hands. If we accepted that debt and credit don’t always can cancel each other out how would that change the approach of governments and the monetary policy of Central Banks?
Monday, March 8, 2021, Berlin Online-discussion by Helle Panke, Brave New Europe and Rosa-Luxemburg-Foundation with: Pavlina R. Tcherneva and Mathew D. Rose One of the most enduring ideas in economics is that unemployment is both […]
In The Real News Network The European Central Bank (ECB) announced that it will reduce its cash injection program, known as quantitative easing, by half. Economist Heiner Flassbeck discusses the consequences this will have for […]
CommonSpace editor Ben Wray spoke to Chris Bambery, co-author of newly released ‘Catalonia Reborn – How Catalonia took on the corrupt Spanish State and the Legacy of Franco’ with George Kerevan. Wray and Bambery have […]
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