Debunking Economics

Phil talks to Prof Steve Keen on the lies and misunderstands of the economics profession

Will Trump ever win his trade war?

President Trump launched a trade war to bring manufacturing back to the US. I ask Prof Steve Keen if that can ever be achieved?

Can We Afford McDonnell’s Four Day Week?

The UK Labour party wants to see us all working a four day week in the next decade. But won’t that just push up prices and send companies to the wall? Perhaps not.

Can MMT work in countries with a trade deficit?

MMT suggests governments can spend until we reach full employment. But does that work in smaller countries with a trade deficit?

The insignificance of gold

Gold used to be an intrinsic part of the monetary system .Not any more. So ,does it serve any use today, other than being a speculative instrument?

The false economies of private health

Antibiotics are failing and pharmaceutical companies aren’t getting the RoI they want to research new strains. Listen to me and @ProfSteveKeen on the false economies of private health.

Should we have tighter controls on money supply?

Most money in the economy is created by commercial banks? I ask ProfSteveKeen how this power is being used and whether it is harmful for the economy at large?

Preparing for an entrepreneurial Britain

How does Britain benefit from Brexit? Unshackled from the EU how do we drive an innovative future? Me and Steve Keen on the latest Debunking Economics podcast.

Are we on the verge of a global recession?

An inverted yield curve suggests we are on the brink of a recession. Yet Steve Keen suggests that’s not the case, but what will follow will be felt for much longer.

What went wrong at Bretton Woods. Time for another meeting?

Bretton Woods aimed to encourage international trade by stabilising currencies. Today, we are as far from that aim as you can imagine. So what went wrong?

An economic model that includes energy

Imagine an economy without energy. Most economic theory ignores it, or at least downplays its influence. Steve keen is working with others to create a more realistic model.

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