Steve covers why the Neoclassical model of banking known as “Loanable Funds” is a dangerously misleading caricature of actual banking, why credit has a crucial role in macroeconomics, and why savings is a sensible activity for individuals but has a destructive impact on aggregate demand.
An excellent animated film explaining banks, credit, and the Great Financial Crisis. Although a few years old and very much US oriented, we thought you might enjoy this. Watch here
In edition 84 of the December 2018 Tax Justice Network’s monthly podcast/radio show, the Taxcast: time’s running out to tackle the climate crisis facing us all. We look at environmental taxes and making them fair, […]