- 18 Nov 2018 17:21
#14964602
Steve Keen: Avoid the next financial crisis with People’s QE and a debt jubilee. 36 min. long.
Merryn Somerset Webb talks to economist and author Professor Steve Keen about Brexit, GDP and People’s QE, and how cancelling people’s debt could avert the next financial crisis. [But he says the politicians will not do those things.]
. . I especially like his take on Brexit, that UK voted to leave EU because EU & GFC/2008 was forcing austerity on nations so that their people had to go somewhere or starve. And because UK didn't use the euro it avoided the worst of the GFC/2008 by deficit spending. So, many went to UK to find work. And EU rules kept UK from denying them entry.
Merryn Somerset Webb talks to economist and author Professor Steve Keen about Brexit, GDP and People’s QE, and how cancelling people’s debt could avert the next financial crisis. [But he says the politicians will not do those things.]
. . I especially like his take on Brexit, that UK voted to leave EU because EU & GFC/2008 was forcing austerity on nations so that their people had to go somewhere or starve. And because UK didn't use the euro it avoided the worst of the GFC/2008 by deficit spending. So, many went to UK to find work. And EU rules kept UK from denying them entry.
- By wat0n