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
Pavlina Tcherneva, Thomas Piketty – Democratising Work
Thomas Piketty highlights the value of a Job Guarantee. He also speaks to the importance of property rights and political power (as discussed at: https://youtu.be/NCjt027KCG4) At the Global Forum on Democratizing Work in November 2021.
Economics
Jim Stanford – The minimum wage myth
There is another myth that needs slaying: Minimum wage increases kill jobs
Geopolitics
John Mearsheimer – US Troops in Taiwan?
A number of geopolitical topics are covered here, from Israel’s genocide in Gaza, the Ukraine war, to US intervention in Taiwan.
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