Robert Skildelsky: On Crisis

I’ve always found Robert Skildelsky to be a very clear exponent of Keynesian ideas. Here’s a video of him discussing some of the most important aspects of the current crisis. Keep an eye out for Part II as well — if I remember I’ll update this post when it comes out.

And speaking of Keynesians, while unrelated I might as well point out that New Deal 2.0 organised an interesting conference on the future of the Federal Reserve — which included well-known speaker Joseph Stiglitz. The future of the Federal Reserve is important for those of us even outside America. The Fed control the money and if any serious Keynesian program were to be run in the US the Fed would surely be front and center. So, why does this matter for us non-Yanks? Well, Federal Reserve policy is echoed by central banks across the world — you can bet that if the Fed changed its policy, or even its discourse, other central bankers would open their ears.