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?
Climate Crisis
Sustainability Agenda – Interview with Carlota Perez
Listen here Professor Carlota Perez has spent her career researching the profound impact technology has had on socio-economic development. In this fascinating interview, we explore the two distinct phases of a technological revolution as outlined […]
Economics
Steve Keen: The housing crisis – there’s nothing we can do… or is there?
The demand side of the housing market has one main factor: new mortgages created by the banks… this means house prices – and the resulting housing crises – are driven by mortgage lending. So how […]
Economics
the juice – Trickledown economics
A funny piece, which explains why tricledown eocnomics in Australia is simply bollocks. Watch here
Be the first to comment