The manufacturing numbers from China at the weekend showed how hard the sector was hit by the lock-down in Wuhan and neighbouring districts. In today’s FREE Debunking Economics podcast Prof Steve Keen says the rest of the world needs to prepare for a similar strategy, that will see production dive as workers don’t show up and consumers don’t go shopping. It seems likely that central banks will cut interest rates, but that won’t stop businesses going bankrupt. So what is the correct policy response?
Economics
Renegade Inc – David Graeber: Bats**t Construction
Over millennia – and certainly since ‘Field of Dreams’ – the idea that if you “build it, they will come…” has prevailed. After Kevin Costner’s massive success, it seems that politicians have been taking his […]
Economics
Michael Hudson – The history of debt forgiveness
Economist and author Michael Hudson, author of ‘…and Forgive Them Their Debts: Lending, Foreclosure and Redemption from Bronze Age Finance to the Jubilee Year’, shares with journalist Chris Hedges how ancient cultures forgave debt cyclically […]
Climate Crisis
Aditya Chakrabortty – The Alternatives: German town takes power back from energy giants
Not only did the little community of Wolfhagen in Germany take over its electricity grid from the multi-national E.ON, but in the meantime has gone over to renewable energy. All of this in the hands […]
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