Currencies fluctuate so much that there’s a lot of money being made betting on their movements. But isn’t that bad for an economy, creating uncertainty in prices for exports and imports? David, a Debunking Economics podcast listener, asks what is the critical factor for ensuring a stable currency. Phil Dobbie puts the question to Professor Steve Keen, but also has the answer first off – he must be learning for these podcasts!
To hear the full version subscribe by picking a plan in the right column of the Debunking Economics website (not the mobile app). Or become a patron at https://www.patreon.com/ProfSteveKeen
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Retail, wages and RBNZ
Don’t expect a big increase in Australian wages today says NAB’s Rodrigo Catril in today’s podcast. That will come later in the year. Meanwhile the RBNZ continues to push hard on rate rises., with another 50 basis points expected today.
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Making it up as they go along?
At the start of the year it looked like we were heading towards a fibre-to-the-node broadband network with very little talk about a separated Telstra. How the world has changed!
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Digging NBN’s dirt
With NBN Co now connecting premises as they roll down every street, there’s going to be a whole lot of digging required.
