Steve Keen: What would economics look like if it had succeeded?

A funny piece, which explains why tricledown eocnomics in Australia is simply bollocks. Watch here  

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 […]

They said it could not be. If you raise the minimum wage, jobs would be lost. Right? Wrong. Here interesting information from the US concerning Seattle’s ambitious minimum wage programme.