Ask a conventional economist about household debt and they’ll say it’s not an issue. The money you spend on repayments won’t be spent on shopping, but whoever gets that money will spend it and keep it circulating. Phil Dobbie asks Prof Steve Keen whether, in that case, debt matters. Listen in to hear Steve’s explanation on why it does matter, and why high mortgage debt slows down the economy.
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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A Case for a Higher GST Rate
Australia’s consumption tax (GST) has been set at 10 percent since it was introduced by the Howard government on 1 July 2000. Time for a change?
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Strong US data with no room for Chicken Lickens
Strong numbers out of the US but, on today’s podcast, NAB’s Gavin Friend warns the pace of US jobs growth is slowing. Meanwhile the pound is up on Brexit hopes, the Aussie up on strong China PMI numbers.
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The Cyber Criminal’s Starter Kit
Cyber criminals are getting smarter and their numbers are growing. So how do you protect your business from attack?
