How long before central banks realise they are making a big mistake?
Will central bans curb inflation? Prof Steve Keen says they will make a lot of people worse off, whilst potentially making inflation worse. Listen in to find out why.
Day: 4 July 2022
Australia, faring better than most, but big hike still expected
The RBA is expected to lift interest rates by 50 basis points today, says NAB’s Tapas Strickland. The biggest sign of concern about the state of the global economy is how German trade has slipped into a sizeable deficit.
THE TWITTERATI
If BRICs nations traded in their own unified currency it would be great news for US manufacturing says @profstevekeen on this week’s Debunking Economics podcast. Listen in full: https://podfollow.com/debunking-economics-the-podcast
Looks like a change in NSW. ABC predicting 50+ seats for Labor. A majority government.