Season 1 · Episode 254
Do central banks only help the rich?
This pandemic has been massive amounts spent by governments, and a chunk of that government debt is being bought by central banks. But with central banks buying up government bonds, whilst maintaining low interest rates, who is really benefiting? The ans.
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
May 20, 202135m 0s
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Show Notes
This pandemic has been massive amounts spent by governments, and a chunk of that government debt is being bought by central banks. But with central banks buying up government bonds, whilst maintaining low interest rates, who is really benefiting? The answer, of course, is the wealthy. This week Steve Keen explains why the current situation is widening inequality, with the central banks at the front and centre of tis change. But government policy is helping too, in the wrong direction. So, is there any way out of this. Or has COVID-19 simply amplified a trend that was already upon us?
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