Unemployment crisis shows no sign of letting up
Americans filed 1.5 million new unemployment claims last week as the economy sputtered and coronavirus cases surged. As states try to reopen, officials are also forced to deal with this surge. Is it possible to reopen an economy and still protect citizens? And meanwhile, the IMF issued a dire warning that the global economic contraction will be far worse than it initially expected. Steve Keen, the author of “Debunking Economics” and the world’s first crowdfunded economist, whose work is at patreon.com/ProfSteveKeen, joins the show with John.