Debunking Economics

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

Where QE is failing – time for a people’s QE

QE is failing to drive growth. What’s the theory behind it and how should it be redesigned.

Is your money safe in the bank. Or is it time to buy gold?

When currencies collapse, gold is the safe-haven that speculators turn to. Is Gold safer than keeping money in a bank?

Do Banks Really Work for Us?

Banks don’t just act as an intermediary, they also create money, and focus on encouraging us all to build up debt. So, can we regulate banks to ensure they work in ways which are best for the community?

How does the government choose to spend?

If public sector spending is a good thing, particularly when the economy is experiencing hardship – but how do they determine what’s best to spend money on?

Fixing the Issue of Hereditary Wealth

Would a firm inheritance tax help reduce the rich poor gap? How something needs to be done before civil unrest reaches fever pitch.

Why Trump Will Fail, Then U-Turn

Professor Steve Keen is a big supporter of Trump’s plan for the economy, but believes it’ll fail for one simple reason. The plan is accompanied by a determination to return the budget to surplus

May’s Got the Wrong Plan For Brexit

Steve Keen and I agree on lots of things, but fall on either side of the Brexit camp. One of us believes Britain should have remained to fight EU bureaucracy from the inside, the other suggests the community is fundamentally flawed, along with the concept of free trade, and will collapse soon anyway.

Will Trump Be Good for the US Economy?

Will the new President be good news for his country, particularly those struggling to find jobs in the rust belt of Middle America?

Can We Stop Economic Cycles?

Reserve banks try desperately to remove boom and bust cycles. But are they on a hiding to nothing?

Did Keynes have a better plan for exchange rates?

Is there a more stable method of determine exchange rates – that didn’t rely on the US dollar or the value of gold. Is it time to revisit Keyne’s thinking?

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