The UK Chancellor’s wife is loaded. I ask @profstevekeen if that makes her part of the rentier class, and if so, why is that a problem? Is it just jealousy because we don’t have rich parents?
Phil talks to Prof Steve Keen on the lies and misunderstands of the economics profession
Conventional economics rests on the belief of that there’s some sort of equilibrium. Steve Keen explains why this ignores the role of feedback loops, that can move prices and demand in all sorts of directions.
The EU has talked about issuing bonds to combat the threat from Russia and remove the reliance on them for energy. I talk to @profstevekeen about why bind issuance by the EU is a game changer and very different to pandemic emergency measures by the ECB.
The morning call comes from Paris today. Our first roadshow! https://t.co/ilNs7FBFft