Debunking Economics

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

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?

What’s down the China road?

An increasingly self-sufficient autocratic China able to write off its own debt. What could possibly go wrong. @ProfSteveKeen and me on the latest Debunking Economics podcast.

The economics of scarce resources

If mineral resources become increasingly scarce, what does that do for the broader economy? What will change our behaviour?

The economics of education

With inflated A level grades more people than ever are off to uni. I ask Steve Keen if this will add to productivity and increase GDP? If not, what’s the point?

The mineral supply crisis that’s rarely talked about

How can we assume cheap energy and commodities will always be available. We’re left with low grade deposits in challenging postcodes, says Simon Michaux in this week’s FREE Debunking Economics podcast.

The economy after the pandemic

Governments are keen to claw back the money they’ve spent on the pandemic. But, as Steve Keen explains, there is another way.

Why no Marxist revolution?

This week @profstevekeen explains why a revolution never really happened in the way Marx prescribed, but how it could when workers fight for their part of a shrinking global economy.

Economics and thermodynamics

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?

Free markets through subsidy

The need for subsidies is an admission that free market forces cannot operate unchecked. I ask @profstevekeen how you can ensure subsidies are applied effectively and fairly.

2 percent or not 2 percent, that is the question

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.

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