The Keynesian Style Spiraling Loss of Income Spending Demand

Chris Edmond and Steve Hamilton are Australian economists.

Show notes
Selected links

•Follow Chris Edmond: Website | Twitter
•Follow Steve Hamilton: Website | Twitter
•'A Rush Back to 'Normal' Would Be the Blunder of the Century', WIRED's interview of Larry Summers
•'Impact of non-pharmaceutical interventions to reduce COVID-19 mortality and healthcare demand', Imperial College London paper by Neil Ferguson et al
•'How the recession we have to have can be sharp but short', The Australian Financial Review article by Steve Hamilton and Stan Veuger
•'Coronavirus: payroll subsidy will save the economy', The Australian article by Chris Edmond and Bruce Preston

Topics discussed

•What happens to an economy when non-essential workers are told to stay home? 9:22
•The false choice between health and economic outcomes. 20:53
•How long do lockdowns need to last? 36:39
•Are Australia's lockdowns hard enough? 43:46
•What does pandemic-appropriate fiscal stimulus look like? 46:29
•Is this the end of surplus fetishism? 59:45
•JobKeeper. 1:06:44
•Will Australia see further rounds of stimulus? 1:19:21
•Is the financial economy healthy? 1:22:33
•Which one piece of advice would Steve and Chris give to the Australian Government? 1:26:26

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