Banks develop speculative bubbles because they have risk mitigated by government bailouts. I ask Steve Keen how we change the behaviour of banks, so they lose out on risks, rather than holding the economy to ransom.
Phil talks to Prof Steve Keen on the lies and misunderstands of the economics profession
One for our listeners, Pieter Verhoeven, suggested we look at steady state economics and the post-growth economy. What needs to change if we are to accept the findings in Limits to Growth and what would life be like in a zero growth economy?
Is Theresa May checking out squatting rights?