In this FREE episode of The Debunking Economics podcast Prof Steve Keen explains to Phil Dobbie why economists have got their theories wrong because they have misunderstood the role of double entry book-keeping. That means, argues Steve, this episode will be particularly exciting for accountants – perhaps the most fun they’ll ever have. And we discover why government debt is generally a good thing, but too much private debt can be destructive.
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Prepare for a volatile week of Banks and Holidays
Prepare for a week or uncertainty. NAB’s Ray Attrill says, after the carnage last week the mix of central bank decisions and thinner liquidity with so many public holidays, means we could be in for a wild ride against this week.
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Peering into Jackson hole
Markets are treading water ahead of Jerome Powell’s talk at Jackson Hole. NAB’s Taylor Nugent says bond yields have retraced their steps a little, whilst equity markets have pushed higher in light trade, particularly big tech.
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Time for a monetary reset?
A monetary reset, to remove excessive debt in households. How would it work? Steve Keen explains in this week’s Debunking Economics podcast.
