Debunking Economics

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

What Makes Currency Stable?

Aren’t currency fluctuations a bad thing, creating uncertainty in prices for exports and imports? How do we stabilise them?

Capitalism without capital accumulation

There are two drivers for capitalism – the desire to consume and the desire to accumulate. Is it a problem that most of us no longer have hte means for the latter?

Is the Bank of England nuts?

Has the Bank of England lost the plot? Raising interest rates when the economy isn’t exactly booming?

DSGE Models Debunked

Dynamic, stochastic general equilibrium (DSGE) models are used by monetary policy analysts the world over. What are they and why can’t they be trusted?

Who controls the money supply?

Until we realise where money is coming from we have no hope of controlling the supply of it, or ensuring its growth is applied in an equitable way.

Would a United States of Europe work, economically speaking?

The grand plan for the EU was to create a United States of Europe – what could possibly go wrong?

Will Corbynism lead to Venezuelan style socialism?

The Tories are united on one thing – a Corbyn government would lead to Venezuelan style socialism. Have they got a point?

What should Trump do about China?

President Trump has accused China of currency manipulation. The low value of the Remnimbi certainly helps them sell more and add to the US trade deficit.

Inflation – is it making a comeback?

Is inflation is on the way back, how should central banks react and can we still have economic growth without it?

Does QE help the poor as well as the rich?

Quantitative Easing, it seems, is falling out of favour. Does QE help the broader economy or just the financial elites?

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