I keep hearing people complain that the ‘mainstream media’ does not understand economics and that we’re talked down to as if everything must be explained as if the economy is a household. In this thread I explain all you (and they) need to know. Economics in one thread then....— Richard Murphy (@RichardJMurphy) December 12, 2020
Some people might say that unemployment was the neoliberal solution to the stagflation at the end of post-war Keynesian economics. It's an inflation check and a price stabilizer that doesn't require the top dogs to lose any of their relative economic power.
Some people might say that unemployment was the neoliberal solution to the stagflation at the end of post-war Keynesian economics. It's an inflation check and a price stabilizer that doesn't require the top dogs to lose any of their relative economic power.