Should oil companies pay a windfall tax?
Rising oil prices means energy companies are making mega-profits. I ask Steve Keen if they should pay a windfall tax on this unexpected income?
Phil talks to Prof Steve Keen on the lies and misunderstands of the economics profession
Rising oil prices means energy companies are making mega-profits. I ask Steve Keen if they should pay a windfall tax on this unexpected income?
Have COVID and Putin forced the west to consider self-reliance on food and energy. Prof Steve Keen says, yes, but a fortress mentality won’t protect the world from climate change.
Houses prices will never fall in the long term, says property expert Russell Quirk. They will, says Prof Steve Keen, because banks inflate prices through money creation without meaningful controls.
The UK Chancellor’s wife is loaded. I ask @profstevekeen if that makes her part of the rentier class, and if so, why is that a problem? Is it just jealousy because we don’t have rich parents?
Conventional economics rests on the belief of that there’s some sort of equilibrium. Steve Keen explains why this ignores the role of feedback loops, that can move prices and demand in all sorts of directions.
On this week’s Debunking Economics podcast Steve Keen tells me that its up to governments, not central banks, to bring inflation down.
The fuel crisis is not just about Russia, says Steve Keen ,and we are going to have to get used to it.
The EU has talked about issuing bonds to combat the threat from Russia and remove the reliance on them for energy. I talk to @profstevekeen about why bind issuance by the EU is a game changer and very different to pandemic emergency measures by the ECB.
Can we really stop Putin’s imperialism with sanctions? Probably not, says @profstevekeen, but we’ll have to get used to more wars as global resources become constrained.
There are some crazy tax rules. On this week’s podcast @ProfSteveKeen says we should remind ourselves of why we have taxes in the first place.
Hey @PaulChantler. You deleted your Eurovision tweet. That's cheating!
Apocalyptic rise in prices. Time for the government to step in to help the less well off. The rest of us can just eat less. https://t.co/rra7WOQmPZ