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.
Economics
Renegade Inc.: Richard D. Wolff – Full Marx: Has Karl had the last laugh?
Since the 2008 financial crisis, we have been consistently told that the economic recovery is going to plan. The problem with this line is that very few people believe it – and even fewer have […]
Economics
Steve Keen – Free us from the Roving Cavaliers of Credit
In honour of David Graeber Steve Keen is a Distinguished Research Fellow, Institute for Strategy, Resilience & Security, UCL Cross-posted from Steve’s website As Graeber pointed out in Debt: The First 5000 Years, the assumption […]
Economics
Mark Blyth – Getting Brexit Right
Mark Blyth thinking outside of the box again. A refreshing, different take on Brexit. Listen here
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