Classical economics assumes the economy will always arrive at an equilibrium, yet central banks spend an inordinate amount of time speculating on when they should next move interest rates, and in what direction. Why do they need to do that?
If BRICs nations traded in their own unified currency it would be great news for US manufacturing says @profstevekeen on this week’s Debunking Economics podcast. Listen in full: https://podfollow.com/debunking-economics-the-podcast
Looks like a change in NSW. ABC predicting 50+ seats for Labor. A majority government.
