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.
Keen and Phil Dobbie’s latest ‘Debunking Economics’ podcast: “Over the weekend Liz Truss was singing her own praises, with a front-page article in the UK’s Sunday Telegraph. She is known, of course, for being the […]
Yanis Varoufakis’s take on why Amazon and other companies in Seattle are refusing to pay a “head tax” on their employees to finance housing for the poor and the consequences of such policies. Listen here
This is a superb history of economic crises since the early 1800s till today, focusing on the issue we agree is the fundamental cause of such crises: a boom and then bust in private debt. […]