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
Mark Blyth and Carrie Nordlund – Demarcation
Mark Blyth, political economist at Brown’s Watson Institute, and Carrie Nordlund, political scientist and associate director of Brown’s Master of Public Affairs program, share their take on the week’s news and discuss Trump’s State of […]
Economics
Richard Murphy – QE is going to save the UK a fortune
And even more for the ECB as it has negative interest rates. People are worrying that QE will leave the UK exposed to considerable interest costs because something like £800bn is now owed as a […]
Austerity
Renegade Inc. – Chris Williamson: Lions Led by Donkeys
The phrase ‘lions led by donkeys’ was used to describe the British front line soldiers of WW1 – they were the brave lions who were sent to their deaths by incompetent and indifferent leaders. After […]
Be the first to comment