Interest rates have been so low for so long, does that give central banks any room to move when there’s another recession.
Phil talks to Prof Steve Keen on the lies and misunderstands of the economics profession
Modern Monetary Theory suggests governments can create money rather than build debt – but what of international trade?
Did your mum and dad teach you to save money rather than borrow? It was better to have cash than be in debt. I talk to Prof Steve Keen about how the last few decades have seen a total turnaround in that thinking.
Are we trying to apply theory developed for production-based economies, on economies driven by knowledge? It’s worse than that says Steve Keen.
The European economy seems to have found itself in sharp reverse, possibly heading into a continent-wide recession. Italy is already there, Greece has witnessed thousands leaving the country to find jobs, and the yellow vest protests show happy unhappy the French are. Then there’s Brexit, of course. In this edition of the Debunking Economics podcast, Phil Dobbie asks Prof Steve Keen how much we can blame the Euro for the perilous state of the European economy.
To hear the full version 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
The Telegraphs coverage of a massive public display today. For those who were there, or saw the aerial shots, it wasnt as big as you think apparently. One commenter put it at 100k. https://t.co/ulpfafibNO