We fought the pandemic and the war won

Debunking Economics - the podcast

Kandungan disediakan oleh Steve Keen & Phil Dobbie, Steve Keen, and Phil Dobbie. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Steve Keen & Phil Dobbie, Steve Keen, and Phil Dobbie atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

4M ago 36:59

MP3•Laman utama episod

The pandemic was the biggest economic disturbance since the second world war. In both cases supply chains were severely disrupted, either by German U-boats or, more recently, factories and borders closed to stop the spread of disease. On the face of it, though, we have got off relatively Scot-free. We haven’t seen the massive fall in GDP experienced after the war. In fact we saw a sharper fall in GDP in the 2008 financial crisis.

What is different is how we have handled the readjustment. After the war the focus was on growth, with very low interest rates, even though the inflation rate in Britain almost reached 17%. This time we’re told growth is again the focus, but the policies being applied, by governments and central banks, seem to suggest otherwise.

Hosted on Acast. See acast.com/privacy for more information.

581 episod

#Economics #Business #Business Disciplines #Steve Keen & Phil Dobbie #Phil Dobbie #Steve Keen #Keynesian #Monetary #Money #Science #Podcasting Education #Social Sciences #MMT