In this FREE edition of the Debunking Economics Podcast Phil Dobbie and Steve Keen discuss business cycles. What causes them and how can we reduce their impact. As Steve explains, neo-classical economics teaches us that the turns in a cycle are caused by endogenous shocks when, in reality, it is the economies own internal cycle that is the root cause. Listen in to find out why business cycles really occur and what we can do to lessen their impact. Plus, Phil asks, why has the cycle stalled all of a sudden, and is it necessarily a bad thing?
This is a free verison. To hear all episodes in full 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
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European bonds rise sharply as some ECB members talk up rate schedule
Bond yields are back on the rise, hitting equities. NAB’s Ken Crompton says today’s surprise has been the more hawkish sentiment coming from some ECB members.
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A brief respite on hopes of US stimulus deal
Shares are on the rise on the hope of a US stimulus deal. NAB’s Rodrigo Catril says the slowing death rate in Italy will also be providing some encouragement.
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Canada Plus What?
With the war over (?), what’s so great about a Canada style peace-deal? Balls Radio looks deeper.
