Thursday 23rd June 2022
You take whatever you want from a senate hearing, so there have been mixed reviews of Jerome Powell’s performance in front of the Senate Banking Committee. Some picked up on his claim that the US economy was in a strong position, whilst others focused on his warning that a recession was a ‘possibility’. Phil asks NAB’s Gavin Friend if that’s why we’re seeing sentiment split, from positive moves in US equities, to a less positive outlook amongst bond markets and commodity traders, with the Aussie dollar bearing the brunt of it. They also discuss UK and Canadian CPI, and look ahead to the barrage of PMIs today.
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The economics of education
With inflated A level grades more people than ever are off to uni. I ask Steve Keen if this will add to productivity and increase GDP? If not, what’s the point?
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Business cycles – what causes them?
Neoclassical economists argue that business cycles are driven by endogenous shocks. This podcast with @profstevekeen explains why they’ve got that wrong.
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Buybacks, paybacks – the economic answer to the crisis
How the government can get the right amount of money into the hands of those who need it. Plus, how to save companies whilst penalising their greediness.
