ECB fiddles whilst Rome burns
A meltdown seems to be happening in the Italian economy. Steve Keen says that it’s the failings of the Maastricht Treaty coming home to roost.
Month: May 2018
Why government debt isn’t a problem
Why we shouldn’t worry about government debt, but up to what point? What if the money the government owes keeps rising?
Will more information drive purer economic outcomes?
Economics is based on the pretext of rational decision making. Does that mean the more information we have the better the functioning of the economy?
How Marx was wrong on revolution
Prof Steve Keen explains how, if Marx had followed his own theories, he would have realised that there wasn’t a need for a shift to socialism.
Monetary versus fiscal policy – which one works best?
I ask Prof Steve Keen if monetary policies ever worked – and isn’t there a danger of fiscal policy racking up too much debt?
THE TWITTERATI
In the Thirties the Chicago Plan proposed that banks had no part in money creation. Good idea or bad? Me and @profstevekeen on this week’s Debunking Economics podcast https://podfollow.com/debunking-economics-the-podcast
A quiet session, with no bad news giving a refocus on the Fed and other central banks. JBWere’s Sally Auld says we shouldn’t discount further systematic uncertainty as rates rise. https://podfollow.com/nab-morning-call