“There is no alternative”, “it’s the end of history” in the shadow of the 2008 crash, the environmental crisis and ongoing COVID19 pandemic, never has the hubris of these words been more striking. Nevertheless if we are in fact at the end of an era, what comes next?
Over millennia – and certainly since ‘Field of Dreams’ – the idea that if you “build it, they will come…” has prevailed. After Kevin Costner’s massive success, it seems that politicians have been taking his […]
The MMT Podcast – Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask
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 […]
2018 marks the 10th anniversary of the stock market crash of 2008; the current financial malaise is the result of the bank bailouts, not the crash; an over-indebted economy cannot be saved unless the banks […]