I was on LBC last night and got several minutes of almost uninterrupted opportunity to discuss what needs to be done to tackle the economic downturn we are now facing.
Start at about 5:50 here.
I covered a lot of ground.
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I got a 502 bad gateway error message on my Galaxy mobile. So, couldn’t access lbc.
Sorry – it works for me – I just re-checked
It’s just worked for me. You certainly crammed a lot into a few minutes! I thought Clive Bull was very fair. Don’t normally listen to LBC. I wonder what its reach is on a Sunday evening. Was there any listener feed-back?
I admit I then went to cook and heard no more…
I am not sure what the listenership is
I like him giving me time – that’s rare
Phew, you covered a LOT of ground in a short time (I sense a blog coming along).
Would the bonds you proposed be, in effect, a green version of NS&I?
Yes
You didn’t mention MMT. Was there a reason for that? I assumed it was for reasons of time. I realize he didn’t give you a lot of time. Though he didn’t interrupt which was a relief.
Specifically, I did not
In practice I said money was not an obstacle
I wanted to avoid as much jargon as I could
Nice one Richard – you did very well indeed.
Thanks
Shame about the crap line – I offered them alternatives
Richard – I will say again you sounded super positive, enthusiastic and ‘can do’ when you spoke.
You sounded sane!
I deliberately kept it low tempo, non-heated explanatory – and decided he was not going g to get a word in edgeways and never let the flow stop to achieve that
What I don’t really understand is the “cult” like status afforded to MMT by many on here. It’s as if people want something to have faith in… It is well documented that a fiat currency can always print to cover its liabilities so technically “default” can not happen.. so nothing new there..Anyone who has studied Keynes even at the most basic level will have seen injections and withdrawals to achieve both full employment (increase G is one variable) and control inflation (increase T as a withdrawal)… there really isn’t anything new here and any student of economic history even at the most basic level can define the periods when Keynesian fiscal policy has been adopted… so you advocate a return to this, absolutely fair and I’m not disagreeing one bit.. but why the MMT stuff ??? I repeat that there is nothing new here at all
With respect, Abba Lerner disagree with Keynes
And so MMT disagrees with neo-Keynesian
If you don’t get the differences, you simply have not understood
Your claim is as bizarre as suggesting that there was no difference between the Stones and Beatles because they were both beat combos
I suggest you go and do some reading as them you’ll realise why the neo-Keynesians are so upset
And there is no more cult to MMT than Keynesian or neoclassicist
It’s a useful description
I noted that you got the speaking versus breathing rhythm down to a tee, with big gulps of air between each fusillade of great ideas – it was a heck of sprint!!
Good interview, very clearly stated.
Best of luck with your redundancy.
I am moving on, albeit quite how is not as yet at all clear
I am one of the lucky ones
I still found the process of being declared redundant – even though I knew it was coming – surprisingly hard