
#45 Steve Keen: Coronavirus vs The World
The MMT Podcast with Patricia Pino & Christian Reilly
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Debt Dynamics and Historical Insights
This chapter explores the intricate relationship between government debt and private sector equity, arguing for the necessity of government deficits to sustain economic stability. It critiques the inadequacies of credit rating agencies and discusses innovative financial strategies, including direct bond purchases by the Bank of England. Additionally, the chapter delves into the historical evolution of currency in the UK, highlighting the impact of past monetary practices on contemporary economic understanding.
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