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.
Featuring Larry Elliott (Guardian), Grace Blakeley, Costas Lapavistsas, Feyzi Ismail, Eddie Dempsey. If you wish to understand what are the weaknesses of the European Union, here you have many of the reasons.
Christian and Patricia talk to President of the Global Institute for Sustainable Prosperity, Dr Fadhel Kaboub about the response to the coronavirus pandemic and the MMT online march for Earth Day on 22 April 2020 […]
In the wake of Italy’s elections results last weekend, Mark Blyth & David Kertzer put in in historical context and talk populism, nationalism, Five Star Movement and what Italy’s next government will look like. Listen […]