Debunking Economics

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

The mythical world of NAIRU

Even now, central banks cling to the idea of NAIRU – a point at which unemployment gets so low inflation kicks off. But, with the US fed now expecting interest rates to remain close to zero for three years at least, Phil Dobbie asks Prof Steve Keen whether they have they abandoned the idea of NAIRU?

Can MMT solve the COVID-19 debt problem?

Whether it’s the fiscal policies of the government or the monetary policies of the central bank, it all still revolves around using money that wasn’t around a few months ago.

Stocking up and moving up

Housing starts has been taken as a sign that the US recovery is strong, says NAB’s Tapas Strickland, but is it enough of a reason to budge equities to fresh highs?

The big US slowdown, Trump talks election delays

NAB’s Gavin Friend talks through a session that brought no good news from the US – worst GDP fall since WW2, rising continuing unemployment claims, and still no new fiscal package.

The China crisis: are we being hypocritical trading with China?

Are we hypocritical trading with China, or hypocritical restricting trade. I ask @profstevekeen in this week’s Debunking Economics podcast.

Levelling up – can Boris really bridge regional diversity?

If Boris really wants to ‘level up’ the UK he needs to get Dom to listen to this week’s Debunking Economics podcast – me and @profstevekeen

Will money printing pay for the COVID-19 debt?

UK government debt is racing past £2.7 trillion – even more to come with Boris’ Rooseveltian aspirations. I ask @profstevekeen whether this money really has to be paid back?

Who’s got the right idea on COVID-19 stimulus?

There’s a multitude of ways that governments and central banks are attempting to protect their economies from the COVID-19 lockdown. I ask @profstevekeen which ones really stack up?

Share Crazy

The world is facing the greatest economic downturn of our time. And yet shares are reaching new highs. How can this be?

Is the US all it’s cracked up to be?

America is not in a good place right now, but it has been the epicentre for innovation and economic growth. So, what can we learn about the way they do things?

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