$1.5 Trillion to the Banks -- But No Money for Healthcare??
The Dow Jones Industrial Averages saw their biggest decline yesterday since the epic 1987 Black Monday crash, and all major indices moved into bear market territory, bringing to an end the longest period of economic expansion in American history. The market has fallen nearly 30 percent in the past three weeks. Meanwhile, Americans are panic-buying and hoarding essentials like toilet paper, water, and canned foods, expecting the coronavirus pandemic to worsen and to continue spreading across the country. Steve Keen, the author of “Debunking Economics” and the world’s first crowdfunded economist, whose work is at patreon.com/ProfSteveKeen, joins the show.