MMT economist Steven Hail helps understand the intricacies of a modern money banking system as they discuss the interplay of government spending, private sector transactions, reserve and bond accounts at the central bank and how these things impact on interest rates, plus the effect of quantitative easing.
The manufacturing numbers from China at the weekend showed how hard the sector was hit by the lock-down in Wuhan and neighbouring districts. In today’s FREE Debunking Economics podcast Prof Steve Keen says the rest […]
Steve Keen’s newest frontal attack on neo-classical economics. You can follow Steve at his blog PATREON
David Harvey’s lecture at the London School of Economics on 18 September entitled “Marx, Capital and the Madness of Economic Reason”. Harvey is probably the most well-known Marxist scholar in the world. https://richmedia.lse.ac.uk/publiclecturesandevents/20170918_1830_MarxCapitalAndTheMadnessOf.mp4