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: Public Private Partnership: PFI – A Fraud on the People
Successive British governments have used the Private Finance Initiative since the early 90’s to fund infrastructure and public spending – but the scheme has always been controversial. The public/private partnership was supposed to create efficiency […]
Climate Crisis
MMT Podcast – L. Randall Wray: MMT And The Green New Deal
Patricia and Christian talk to primary MMT academic and author of Understanding Modern Money Professor L. Randall Wray about his early insights into the origins and nature of money and how MMT applies to the […]
EU politics
Politics Theory Other: Aeron Davis on ‘Reckless Opportunists: Elites at the End of the Establishment’
Aeron Davis joins Politics Theory Other to discuss his new book, ‘Reckless Opportunists: Elites at the End of the Establishment’. We discussed the changing face of British elites, the self-destructive character of neoliberalism, and the […]
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