Instead of pumping billions into private airlines, nations that need one should nationalise one flag carrier for 1 cent while letting the discount airlines go bankrupt, and start charging a fair price that also include the environmental costs, so that the price for a flight from London to Madrid is for example 500 euros. This would be great for the environment and creating airlines that pay and treat their staff and customers well.
Steve Keen responds to questions with regards to Modern Monetary Theory reaised by Bill Mitchell. Read here
Good news: given the results of the European elections it would seem that French and European citizens are becoming more concerned about global warming. The problem is that the election which has just taken place […]
After ten years of wrongheaded and brutal spending cuts, Keynes’s warning that bad economics produces political extremism is more important than ever. Read here
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