by Summary:
David's work centers on the intricacies concerning the interactions of foreign exchange & capital flows with economic growth, fiscal & monetary policy, and distribution, whereby critical attention is paid to the notion of endogenous money. He also delves into the political economy of regional development to study patterns with respect to the nature of housing, social stratification, and community planning. He is based in Salt Lake City, UT, and writes for, and is an administrator of, the Monetary Policy Institute Blog, https://medium.com/@monetarypolicyinstitute. His academic publications can be found here: https://www.researchgate.net/profile/David-Fields-5.
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Steve Keen considers the following as important:
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David's work centers on the intricacies concerning the interactions of foreign exchange & capital flows with economic growth, fiscal & monetary policy, and distribution, whereby critical attention is paid to the notion of endogenous money. He also delves into the political economy of regional development to study patterns with respect to the nature of housing, social stratification, and community planning. He is based in Salt Lake City, UT, and writes for, and is an administrator of, the Monetary Policy Institute Blog, https://medium.com/@monetarypolicyinstitute. His academic publications can be found here: https://www.researchgate.net/profile/David-Fields-5.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| David's work centers on the intricacies concerning the interactions of foreign exchange & capital flows with economic growth, fiscal & monetary policy, and distribution, whereby critical attention is paid to the notion of endogenous money. He also delves into the political economy of regional development to study patterns with respect to the nature of housing, social stratification, and community planning. He is based in Salt Lake City, UT, and writes for, and is an administrator of, the Monetary Policy Institute Blog, https://medium.com/@monetarypolicyinstitute. His academic publications can be found here: https://www.researchgate.net/profile/David-Fields-5. |
what a great show this week!
Thank you for watching! I really appreciate it.
Still lovin' the (closing) music. I have some of my own on my channel. same image as avatar here are original songs.
Playlist "Why ill din the Streets/Welcome Home"
Yes, title is 'word-play' on the late '60s film "Wild In The Streets"
Suggested principles of interaction: Mutual-respect through empathic-personal-empowerment with voluntary-inclusive-cooperation, refusing coercion while embracing personal-responsibility.
I subscribed to your channel, I will check the videos out tomorrow night.
all these decent people in economics. who'd have thunk.
I thought there was a good flow to the show today. Steve's internet connection was on point today.🤣
Ok, since you asked politely to leave a comment, I’ll leave one.
Have David on again!!! He was GREAT!! I think I agreed with everything he said.
And look into Patriarchy, it’s killing us men. Big Strict Daddy shit – not good.
Yes, David will differently be back on. I find him very like minded
@Ty Keynes Great! I look forward to hearing from him again. Hey, by the way, I’m studying systems dynamics now. Starting with Jay W Forrester and John Sterman. Enjoying the material I’m coming across. Anyone else you recommend?
@Michael de Sousa Cruz Sorry I made I bunch of spelling mistakes lol
Sorry I missed it — I was going to ask who shot JR 😞
Glad you caught the recorded version!
@Ty Keynes Yeh It's getting better and better — thanks for what you're doing.
Low interest rates are not a gift to the working class, they are a gift to asset owners! Low interest rates have been a product of weak wage growth and insufficient government spending. These deflationary headwinds caused the central banks to cut rates to perversely low levels, blowing out house prices and debt levels. MMT needs to update its perspective or become irrelevant.
Low wage growth is a result of reduced union power and no federal job guarantee, not low interest rates.
@Wayne McMillan I never said low interest rates caused low wage growth, I am arguing for the opposite causal flow. Low wage growth (caused by conditions in the labour market, I agree) causes "independent" central banks to lower rates, using easy credit to cover insufficient wages. Works till it doesn't.
@Austin Mackell Central banks only lower interest rates to stimulate more demand in the economy. They are hoping to encourage businesses to expand by taking out low interest loans. The problem is that because wages are low, demand for new goods and services is low, so businesses don’t see the need to increase production or provide new services. If workers don’t receive pay increases then effective demand remains low. The only other way is to stimulate demand for government to increase their spending to fill the gap. Therefore you do need stronger unions able to run campaigns for higher wages unless you increase government spending. A federal job guarantee could help here and would ensure a minimum socially acceptable wage, that would lift low paid workers disposable income. If this doesn’t happen then of course workers have no alternative but to increase their private household debt, which includes mortgage repayments.
@Wayne McMillan you are missing my point
Love your show, keep it rolling.
Thanks for watching!
Steve Keen is brilliant, but I've never been a Malthusian. You should look into Permaculture, invented by 2 other brilliant Australians.
Depends on the definition of Malthusian. From a Limits to Growth perspective I would consider myself a "bit" of a Malthusian.
Love this informative and encouraging show! Have you guys thought about doing it on a weeknight or some time when more people might be home to participate?
Want to add U. Missouri Kansas City and University of Southern Maine to the list of heterodox schools, though I’m not totally sure where USM is at now since a brilliant woman named Susan Feiner got fired for appropriating a school van to drive students to DC to protest Brett Kavanaugh’s confirmation.
As for times, because we have global audience this means a weeknight showing in North America is a 2 or 3 in the morning showing in Europe and in Asia or for Australian and NZ people it's work time the next day. So after some study I concluded a weekend showing will capture a global audience best
You covered a huge range of topics in this one. David was a perfect fit for the show which made for an entertaining couple of hours.
Thanks!
Great show this week.
Let's have more on easier to understand on why current CB policy is wrong.
Michael Hudson says the middle class does not exist.
Anyone have any historic data on banks lending for housing?