Are we ready for the next pandemic?
If we had a clearer understanding of how fiat currencies function, maybe we would be better prepared. Meanwhile Steve has a mask he can sell you.
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
The pandemic killed 200 thousand people in the UK. Are we ready for the next time? Experts reckon will be even less prepared should we see another pandemic in the near future. Prof Tom Koch from the University of British Columbia reckons we don’t have long to wait - the next one could strike in the next five to eight years.
If you were a virus with an understanding of how economics is taught, this is exactly how you would have planned it. Yet governments to spend a fortune on the first blow, knowing they would spend the intervening years trying to pay back the debt, rather than spending new money on the preventative measures to dampen the impact of the second blow.
If we had a clearer understanding of how fiat currencies function, maybe we would be better prepared. Meanwhile Steve has a mask he can sell you.
Hosted on Acast. See acast.com/privacy for more information.