Bob Rowthorn: Keynesian Economics – Back From The Dead?

Bob Rowthorn delivered this year’s Godley-Tobin lecture on March 1 in New York.

Bob Rowthorn, New York, 2019

Among other things, he talks of Neochartalism! He says he hadn’t heard about it till recently and suggests that their idea that the central bank could buy bonds says nothing about the exchange rate.

He seems to suggest that heterodox ideas seem to become mainstream but I do think that while heterodox ideas are more noticed, the level of imperialist propaganda is the strongest and it will be quite a battle.