Did your mum and dad teach you to save money rather than borrow? It was better to have cash than be in debt. Yet the whole approach to money has turned on its head. We don’t save as much as we used to. In fact, we borrow to invest. It’s a generational change. In this week’s podcast Phil Dobbie asks Steve Keen whether it’s something we should worry about. And is it any surprise we don’t save, when we’re slugged with bank fees and offered a very low interest rate? More to the point, why would we save when it’s easier to borrow?
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
-
Can we beat stagflation?
Are we on the verge of stagflation?ProfSteveKeen says, yes we are, but this time it’s different and less easy to fix. Certainly it can’t be solved by central banks.
-
Nordhaus is the climate’s worst enemy
William Nordhaus has made some spurious claims when arguing that climate change won’t be too detrimental to our economy.
-
A broadband compromise is a good thing
Last week the electorate had to choose between two broadband plans. This week, independent MP Rob Oakeshott says it’s not a choice between rock or paper, there can also be scissors.
