My friend Dr. Sabri Oncu has established an innovative seminar program at Kadir Has University in Turkey. Called the "Kadir Has Lectures on Global Political Economy", it has had lectures from a number of non-mainstream economists, including Ann Pettifor, Frances Coppola, Yanis Varoufakis, and Jan Kregel.
Forthcoming lecturers include Louis Philippe Rochon and Matias Vernengo. You can find the series here: https://www.youtube.com/playlist?list=PLF796nZs0vOE-Rbrquqdfdrm0ck92lMjI
In my lecture, I explain how bank credit adds to aggregate demand and income, and therefore how capitalism's great crises--the Great Depression, the Great Recession, the Panic of 1837, and so on--were caused by credit turning negative.
I also explain how we could remedy the economy via a "Modern Debt Jubilee". Of course, since Neoclassical economists dominate economic policy, I know that this policy has no better than a snowflake's chance in Hell of being implemented.
I’ve attached the PDF of my slides here as well (unfortunately Substack doesn’t support Powerpoint files: if you want to download them, please go to the Patreon page https://www.patreon.com/posts/75639086.
The macroeconomics of bank-created money and a Modern Debt Jubilee as a way out of the private debt trap