Private or public – getting the balance right

The Debunking Economics Podcast

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Private or public – getting the balance right

When governments build up a deficit it adds money to the private sector. When they reduce the deficit, they shrink the supply of money in the private sector.

Steve Keen

Oct 31, 2022

∙ Paid

Last week on the Debunking Economics podcast Phil and Steve talked about the likely imposition of Austerity 2.0 around the world, in particular in the UK. Steve said there’s really no need for it. This week he explains more about how cuts in the government deficit starves the private sector of cash, which will guarantee a recession, or worse. Listen in …

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The Debunking Economics Podcast

Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.ems-based alternative to mainstream economics

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