May 3, 2017

40. If shares had a use-by date. In favour of Jubilee shares

Today, on the Debunking economics podcast, imagine if shares had a use by date. If you pass the shares issued by a company on to a secondary market, the clock starts ticking. What would that do to the valuation of shares – and why do we need to worry about it? Phil Dobbie discusses the concept with Professor Steve Keen, investigating what the impact would be on share markets and the companies that trade on them.

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