Will economies simply come bouncing back? Not with the accumulated levels of private debt says @profstevekeen. So what should governments and central banks do now?
Phil talks to Prof Steve Keen on the lies and misunderstands of the economics profession
Steve Keen compares this economics downturn with those that have gone before – the ones without a pandemic.
Janet Yellen wants the world to agree a universal rate of corporate tax. Has she got a cat in hell’s chance of making any headway? No way says @profSteveKeen on this week’s Debunking Economics podcast. But would it solve anything anyway?
This is no time for vaccine nationalism. As the WHO said, nobody wins the race until everyone wins the race. This week, in this free edition of the Debunking Economics podcast, Steve Keen and I talk about how to fund the international role out of a vaccine programme.
Equities bounced back in the US today, as attention switches beyond temporary inflation to the US getting back to work. All the signs we are seeing are that the US is reopening, say David de Garis. https://t.co/PGhGeZ6DH2
US CPI numbers came in much higher than expected, with a swift market reaction. NAB’s David de Garis says the bond market reaction has been mature, but you could argue that the equity market has overreacted. Listen to why: https://t.co/UbdAjb9zja