Quizzes & Puzzles44 mins ago
Debt Jubilee.
40 Answers
Professor Steve Keen, the sensible economist, advocates debt forgiveness to get us out of the inevitable economic crisis caused by Covid 19.
Starts about 18 minutes in.
What do you think?
https:/ /youtu. be/XlpG fVVxois
Starts about 18 minutes in.
What do you think?
https:/
Answers
Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.i mean surely if you want people to go out and spend money, wouldn't it be fairer to do what Japan did and give everyone some money to spend? except of course 1. where will the money come from? and 2. what would there be to stop people doing what some Japanese folk did and save it? and 3. Many people will use it to pay off existing debt...they still won't have money to spend, they just will have less debt. oh and how will how they spend it be controlled? Not sure that online bingo for instance would do much for the economy.
According to Wikipedia
- The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay. (Well I've heard of Keynes and Marx)
- In August 2015, Keen endorsed Jeremy Corbyn's campaign in the Labour Party leadership election
His analyses have been described as flawed by other apparently 'sensible' economists, but I suppose you could say "they would say that wouldn't they if he has dismissed them as wrong"
I think there are much better ways of achieving QE
- The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay. (Well I've heard of Keynes and Marx)
- In August 2015, Keen endorsed Jeremy Corbyn's campaign in the Labour Party leadership election
His analyses have been described as flawed by other apparently 'sensible' economists, but I suppose you could say "they would say that wouldn't they if he has dismissed them as wrong"
I think there are much better ways of achieving QE
It was a rather long video and my mind kept drifting as I dipped in and out so I'm not sure of what debts would be forgiven.
Would this include all mortgages and car loans being written off? Would loans to businesses be written off too?
And what about all loans TO the government- eg NS&I and other government bonds we own- would they become worthless?
Would this include all mortgages and car loans being written off? Would loans to businesses be written off too?
And what about all loans TO the government- eg NS&I and other government bonds we own- would they become worthless?