I seem to be making quite a lot of podcast episodes right now. This one is with the Irish podcast, The Echo Chamber, who I enjoy working with because they want to explore issues in depth. We roamed around a number of themes in this episode. The links in the Tweet are live:
Paywall lifted on the latest @EchoChambersPod with @RichardJMurphy
Apple: https://t.co/b3aXKunQre
Spotify: https://t.co/lyMhjA3ciG pic.twitter.com/kID92CJjyN— Tony - Pod Guy - Groves (@Trickstersworld) October 20, 2022
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
Buy me a coffee!
‘Less insane’.
Thin gruel in the real world.
You feel like asking ‘How did we come to this?’ except that on your blog you – along with your guests – have been charting the progress of this insanity for years!!
Speaking of Ireland – would you consider going on The David McWilliams Podcast? (if invited of course)
Yes
Appropos of Hunt’s continual reminder that there are ‘hard decisions’ coming, this was reported in the Guardian today, presumably to justify those looming ‘hard decisions’:
‘The government’s total debt pile, excluding public sector banks, climbed to £2.45tn, or about 98% of gross domestic product (GDP).’
This is supposed to cause panic, and therefore, as Hunt threatens, more austerity. But where did the money come from to fund that GDP? Surely from Government spending? Doesn’t the national ‘debt’ simply represent that money? Isn’t that why GDP is virtually the same as the total ‘debt’? So isn’t austerity going to produce lower, rather than higher growth? That’s what happened in the past when the US government created surpluses, ie paid down debt? It led to depression.