Monday, June 29, 2020

Renegade Inc l Bailing Out or Bankrupting Britain

MMT is coming!

Every time house prices go up the financial press states that the country has become wealthier, but all that has happened is that wealth has been transferred from one section of the public (those that don't own houses) to another (those that do).

The governor of the Bank of England is a public servant. He recently claimed that the UK almost went bankrupt at the beginning of the coronavirus pandemic.

But how does a country that issues its own currency go bust? Or are we in danger of propping up sectors that in the medium term just don’t have a future?

Host Ross Ashcroft is joined by the economists and authors Josh Ryan-Collin and Laurie Macfarlane by to discuss if this crisis can be an opportunity to re-shape our economy.`

RT UK is a channel based in London covering British news and politics, protests and interviews with people who make a difference.

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