Phil talks to Prof Steve Keen on the lies and misunderstands of the economics profession
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?
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.
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?
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.
Are we hypocritical trading with China, or hypocritical restricting trade. I ask @profstevekeen in this week’s Debunking Economics podcast.
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
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?
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?
The world is facing the greatest economic downturn of our time. And yet shares are reaching new highs. How can this 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?
Markets chose to take a negative view on the extended period of near zero interest rates signalled by the Fed, says NAB’s Gavin Friend. It’s a reminder that it’s the virus that determines the extent of the recovery, everywhere. https://t.co/VcC49Eumrp
Even now, central banks cling to the idea of NAIRU – a point at which unemployment gets so low inflation kicks off. I ask Prof Steve Keen whether they wil ever abandon the idea of NAIRU? https://t.co/9pxpJvvs67
