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
Yanis Varoufakis, Chris Hedges – Technofeudalism: What Killed Capitalism
29 January 2025
Economics
Steve Keen, Michael Hudson, Phil Dobbie – Is it time for a debt jubilee?
Steve Keen and Michael Hudson have both been arguing for a debt jubilee for some time. Now, as COVID-19 hits the poorest hardest, and leaves those with money better off than before, is this the […]
Economics
Michael Hudson, Glenn Diesen – EU Capitulation to the US and Geoeconomic Suicide
31 July 2025
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