Debunking Economics

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

How to burst the housing bubble

Steve Keen has a plan to make Australian housing more affordable – but will the voters like it?

What’s driving the Great Resignation?

Steve Keen tells me that the Great Resignation is a kick in the balls of the gig economy. Ouch! So how does it play out now?

The Perils of Government Subsidies

Even the most ardent supporters of small government will agree there are times when governments need to offer subsidies to companies and industries. But, I suggest to @profestevekeen, there are lots of examples where it has less than the desired effect.

Where’s all the money coming from?

There’s been a £200 billion increase in the size of the UK money supply. I ask @profstevekeen what the impact of that might be, and who gets to control it?

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?

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