Debunking Economics

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

Not all contrarians are the same

Bitcoiners and MMTers – two examples of economic contrarians who don’t agree with each other. Prof Steve Keen and I discuss the moves away from the mainstream.

Surviving with a negative trade balance

Can an economy prosper with a negative trade balance. And what has MMT got wrong on this? Me and @profstevekeen on the latest Debunking Economics podcast.

Too much information

Economics works well in principle apart from the bit about us having perfect information on products available. Me and Steve Keen on this week’s Debunking Economics podcast.

Boris misunderstood Pareto

Boris Johnson talked about Wilfredo Pareto at his Tory party conference. As I discuss with @ProfSteveKeen, Pareto was about anything but ‘levelling up’

Currency Wars

The floating of currencies has created a massive forex industry. Steve Keen says it has made life harder for speculators, which is a good thing, but the world missed a trick when it igmnored Keyne’s idea of the Bancor.

The energy crunch

Energy prices are going through the roof and usage is slipping away from renewables. I ask @profstevekeen, is this the time to nationalise power?

Cashed up and nowhere to go

This week on the Debunking Economics podcast @profstevekeen explains why the money governments have spent on support through COVID is with us forever, and why that’s not such a bad thing.

Steve for the NSW Senate

Steve Keen is standing for the Senate in NSW. What was he thinking! I ask on this week’s FREE Debunking Economics podcast.

Inflation, the next pandemic?

COVID is causing massive supply chain disruption. We’re told its only temporary, but what if it’s not?

Has QE become MMT by another name?

Central banks have amassed trillions in government bonds. Do they seriously expect to reduce that to xero? If not, I ask Steve keen, haven’t they embarked on MMT by another name?

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