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?
The idea may now be popular around the world, and is seen as the platform for creating a sustainable economy by many, but it is by no means a done deal. One of the biggest […]
Former Italian Prime Minister Silvio Berlusconi died on 12 June 2023 at the age of 86. In this special episode of the Aufhe Bunga Bunga podcast, we say goodbye to the towering figure of the […]
Neoliberalism continues in national and transnational institutions, even though it has lost legitimacy as an ideology and has even penetrated progressive thinking, argues Prof. David Harvey Part 1 Part 2
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