A society riddled with debt is a society that is reluctant or unable to spend. A lot of that debt has now found its way into housing, with mortgages higher than ever. That’s money we’re using to pay off our home loan that we could be spending keeping the economy moving. In short, its slowing the speed at which money circulates. So, how do we fix it? The answer, is get rid of the debt. And Steve Keen has a cunning plan. A monetary reset. How would it work? Phil Dobbie explores the idea in detail with Steve on today’s Debunking Economics podcast.
Economics
Steve Keen – “What is Money and Where Does it Come From?”
A long, but fun read for the weekend. Do enjoy! Final script & first sketches for Chapter One of “What is Money and Where Does it Come From?” This is the final version of […]
Economics
Wolfgang Streeck – Contradictions of Capitalism: Past and Present
The wellbeing of a capitalist society depends on the endless accumulation of privately owned capital. This requires a replacement of input-minimising by output-maximising rationality. One result is a fiscal crisis of the state, due to […]
EU politics
Chas Freeman, Alexander Mercouris, Glenn Diesen – Russian Victory or Political Settlement in Ukraine?
15 January 2025 I had a conversation with Alexander Mercouris and Ambassador Chas Freeman, a former Assistant Secretary of Defense for International Security Affairs. Besides being a former ambassador to Saudi Arabia, Freeman’s career included […]
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