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.
Corruption
UNI Europa – How to influence EU law-making
Nice video, but since when was the EU supposed to be democratic? All a bit odd.
EU politics
Steve Keen – My Escape from Covid Island
An analysis of the egregious European COVID failure (with the exception of a few Scandinavian nations – no, not Sweden) that is being ignored. Steve Keen is a Distinguished Research Fellow, Institute for Strategy, Resilience […]
Austerity
Bill Mitchell – The Eurozone and its Current Political and Economic Crisis
Economics beyond the Swabian hausfrau, July 14, 2020 The Eurozone was the product of a long struggle by neoliberals to reconfigure European states in order to redistribute income away from workers. Now the Union finds […]
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