by Summary:
Dan Sanderson will be hosting this week and were having Tim Garrett as a guest. Tim is a physicist and professor at the University of Utah. Steve Keen is will be be there to provide an economic mindset. The will be discussing the long run relationship between Global Wealth and CO2 emissions
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Dan Sanderson will be hosting this week and were having Tim Garrett as a guest. Tim is a physicist and professor at the University of Utah. Steve Keen is will be be there to provide an economic mindset. The will be discussing the long run relationship between Global Wealth and CO2 emissions
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)
Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained
Lars Pålsson Syll writes Schuldenbremse bye bye
Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
| Dan Sanderson will be hosting this week and were having Tim Garrett as a guest. Tim is a physicist and professor at the University of Utah. Steve Keen is will be be there to provide an economic mindset. The will be discussing the long run relationship between Global Wealth and CO2 emissions |
The change is slow, yet change can also become exponential..
Dan mentioned that he would try to ask questions from this week's viewers on next week's show. I probably won't be able to join live, so I'd like to submit a burning question: For the sake of the environment, shouldn't we discourage government deficit spending, especially during recessions, to contract the money supply and reduce GDP? If we ultimately have to resort to degrowth and a "wartime economy," it would be better to start now, and the policies of conservative deficit hawks would inadvertently create degrowth. I would cross-post this on Steve's Patreon if this episode were in his feed.
The “degrowth”during the time you specify would be temporary. It’s impact will be borne by the most vulnerable. And it will provide an opportunity for the plutocrats to swoop in and buy assets at a discount. When the normal business cycle renews, there will be increased income inequality.
Ideally, a program of degrowth should begin during a time of relative economic stability. In reality, I think a crisis will precipitate degrowth. It will probably involve rationing of some sort, and the consequences should be borne equitably.
Great discussion A shame about the sound quality. I would never have kept listening, except for my deep respect for the two guests.