Economist Who Predicted 2008: "The Financial System Is About To Collapse" | Ann Pettifor
She advocates for a return to managed economies where governments actively invest in public goods (like housing retrofitting) rather than adhering to austerity, asserting that money creation is possible and necessary forsummaryMoney Creation Reality: Central banks create money digitally (e.g., the Federal Reserve entering numbers into a computer to bail out AIG), proving that governments are not 'broke' but choose not to spend on domestic needtakeaway“The dominant mode for most capitalists now is speculation not real investment... Why would you want to invest in a wind farm... when all you have to do is sit on your butt and take a bet that something's going to happenquote














