Skidelsky: The Scarecrow of National Debt

The video discusses an essay by Lord Skidelsky on Keynesian economics, focusing on government spending and its impact on private consumption. It debates national debt, infrastructure projects, and the concerns over corporate and government debt. The discussion shifts to fiscal policy as a tool for economic growth, given the limitations of monetary policy. Finally, it anticipates Chair Yellen's upcoming announcements, suggesting no major changes are expected.

What is the main argument presented by Lord Skidelsky regarding government spending and private consumption?

How does the discussion address the concept of national debt and its implications for infrastructure spending?

What concerns does Howard Ward express regarding corporate debt and government liabilities?

What are the anticipated effects of fiscal policy expansion as discussed in the text?

What expectations are set for Chair Yellen's upcoming announcements, according to the discussion?