Central banks like to control inflation using monetary theory (managing the cost of borrowing) as their way to control inflation and unemployment and avoid recessions. Whereas Keynes argues that government spending is the way to avoid recessions – pump prime the economy and “she’ll be right mate”. In this week’s podcast Phil Dobbie asks Prof Steve Keen if monetary policies ever worked – and isn’t there a danger of fiscal policy racking up too much debt?
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 supporter of Steve Keen on Patreon at https://www.patreon.com/ProfSteveKeen
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Five pros and cons of the NBN
It’s fast, ubiquitous and it boosts productivity. Are there any downsides to the National Broadband Network (NBN)?
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Corona bailouts – for main street or Wall Street?
Is enough is being done to facilitate a rapid economic recovery, and who will be the beneficiaries – the business sector or the finance sector?
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New month, new tariffs, new uncertainty
New US tariffs on Chinese imports kicked in over the weekend. NAB’s Rodrigo Catril anticipates the market reaction, whilst consumer sentiment I the US records a big drop.
