2min chapter

Debunking Economics - the podcast cover image

What will all this inflation do to us?

Debunking Economics - the podcast

CHAPTER

The Dangers of Neoclassical Economics

Government payments in the US meant per person savings in US households increased by 2.3 trillion from 2020 through to the summer of 2021. Of that, 350 billion went to the lower half of households by income level and 1.35 trillion went to the wealthy. This again shows the extent to which our public institutions have been taken over by neoclassical economists who think they're doing the right thing.

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