Steve Keen has often said economics needs to incorporate the principles of thermodynamics. So what exactly is thermodynamics, and how would it change our study of the economy?
Phil talks to Prof Steve Keen on the lies and misunderstands of the economics profession
The ECB’S new strategy has driven the Euro higher in a market which has generally been driven down by COVID concerns. NAB’s David de Garis explains what’s changed in the ECB’s 2% inflation target.
Soaring temperatures in the US and Canada this week are another reminder of climate change. Christine Lagarde says the EU needs to spend €330 billion every year tackling the problem, but where does the money come from? Do governments create it, or do we divert existing money to green initiatives? Question I put to @ProfSteverKeen on this week’s Debunking Economics podcast.
The economy is based on the here and now. Whilst we complain about government debt being a cost to future generations, we don’t invest in future generations if it’ll compromise our current lifestyle. I ask @profstevbeken, is that any way to save the planet!
What a shame the Met can't elevate the Sue Gray findings to the European courts, just to buy Boris even more time.