In this episode Steve Keen argues that monopolies commissions have got it wrong, believing the consumer wins when all firms in an industry are of similar size. He argues that the best outcomes occur when businesses form a “power law” structure. And control of monopolies, he reckons, should be handed over to evolutionary biologists. Find out why in this edition of The Debunking Economics podcast.
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Aussie dollar falls despite continued recovery hopes
NAB’s Ray Attrill says the Aussie odlla ris lower today because a steeper US yield curves is giving strength to the US dollar. There’s a less clear explanation as to why oil has fallen, despite further supply cuts.
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Fed cools things down; words from the RBA later
The global reflation trade is not dead, says NAB’s Ray Attrill, as Fed speakers help markets further unwind their response to last week’s FOMC.
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Average inflation, deal hopes and a really big can kick for Brexit
NAB’s Ray Attrill on the last chance to push back that March 1 tariff deadline. The Fed’s talk of average inflation targeting. And Brexit – could it be pushed back two years?
