We know there is growing discontent around the world about the distribution of wealth and, it seems, financial crises can make the problem worse. In this edition of the Debunking Economics podcast Phil Dobbie asks Prof. Steve Keen why the boom bust nature of capitalism accentuates the wealth divide and what can be done to remedy the problem.
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More inflation, RBNZ moves first
More inflation signals with the RBNZ moving towards rate rises. NAB’s Gavin Friend says there are no signs that other central banks will be following in a hurry.
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RBA will hike next week
The RBA no longer has a strong argument to keep rates at 0.1% says NAB’s Ivan Colhoun, predicting a rise next week. Meanwhile, NAB’s Rodrigo Catril says Europe has to reach an arrangement with Russia – there isn’t even energy without them.
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What the Lords wanted to change in the Withdrawal Bill
It’s easy to criticise the House of Lords for wanting to change the Withdrawal Bill, but isn’t it good news that someone is going through it with a fine toothed comb? I discuss the changes they want to see.
