Skidelsky: The Scarecrow of National Debt

Skidelsky: The Scarecrow of National Debt

Assessment

Interactive Video

Business

University

Hard

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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.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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