What a difference a night makes… Tuesday night ‘partying’ to ‘change the world’ with Bill Clinton. Wednesday night at Warwick University debating with the people who are actually going to do it.
For economics nerds like me the last week has been riveting. Paul Krugman, a Nobel-prizewinning member of the economics establishment, has been debating with Steve Keen, a radical who’s long argued that the conventional economics taught in universities is woefully unrealistic because it ignores important features of the real world like uncertainty, the role of banks, debt and how money is created.
In another desperate effort to prop up the British Ponzi housing market David Cameron is offering council tenants £75,000 to help buy their own homes.