Milton Friedman influenced a generation of politicians, turning them from Keynesian economics to a more free-market way of doing things. Margaret Thatcher described him an intellectual freedom fighter. In this edition of the Debunking Economics podcast Steve Keen debunks the Friedman approach to capitalism and I suggest one politician who has abandoned the approach, because he has increased tariffs, something Milton would be very opposed to.
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How fast can a magic money tree grow?
The money supply should grow a little faster than GDP, but all economists need to recognise that the system is cyclical, says Steve Keen on this weeks Debunking Economics podcast, with Phil Dobbie.
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Have you got problems with wind?
Balls radio looks at the UK’s wind problem and provides tangible evidence that it has at least one listener.
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Reddit Rebels shut out, US growth slows
Equity markets have been buoyed by trading platforms putting a stop on the stocks Reddit users have been pushing higher. NA’s David de Garis says it’s been a Main Street versus Wall Street battle.
