His answer to Great depression was that we should spend our way out. But now we have rampant inflation because people are spending too much. What would Keynes do now if he was presented with the challenge of trying to prevent the world from going into a global recession whilst also getting inflation under control? Steve and Phil look at the ideas of Keynes and ask would any of them help us in the situation we now find ourselves in.
This is a short (for me!) video discussing why one entity’s surplus is another’s deficit in a monetary economy, and why governments running a surplus are making the economy weaker rather than stronger.
Near the start of this episode, Jason Hickel raises Noam Chomsky’s position that the urgency of the climate crisis is so dire it will have to be dealt with under capitalism. There isn’t time to […]
FT Alphaville interview by Izabella Kaminska encoded-773138d0559c746e466ac6247fb748ee-64.mp3 Izabella is one of the key intellects behind the Financial Times’ Alphaville project: to get an appreciation of her calibre, read her post below on the topic du […]
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