Season 1 · Episode 224
Introducing People’s Bonds, putting government debt to work
Politicians, the media and most economists are obsessed with government debt – now more so than ever. But, as Modern Monetary Theory has shown, there is no issue with governments perpetually running budgets in the red, providing the extra money supply re.
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
September 30, 202034m 4s
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
Politicians, the media and most economists are obsessed with government debt – now more so than ever. But, as Modern Monetary Theory has shown, there is no issue with governments perpetually running budgets in the red, providing the extra money supply resulting from it is not inflationary. This week Phil Dobbie suggests some of the debt issued in the form of bonds could be given to the public as a form of universal income, which increases when government debt is highest – when the economy is in most trouble. So, what does Steve Keen think of this approach – and are there any downsides to the introduction of People’s Bonds?
Hosted on Acast. See acast.com/privacy for more information.