Debunking Economics

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

Inflation – transitory, then what?

Everyone seems to agree that prices will go up temporarily. But only @profstvekeen seems to be arguing it’ll be followed by a period of deflation. Listen to this week’s Debunking Economics podcast.

Do central banks only help the rich?

QE and low interest rates. @profstevekeen and I discuss how central banks are helping the rich get richer and widening wealth inequality. In the UK the govt. is helping with that too!

Navigating out of the COVID crisis

Will economies simply come bouncing back? Not with the accumulated levels of private debt says @profstevekeen. So what should governments and central banks do now?

A history of recessions, and why this is not so different

Steve Keen compares this economics downturn with those that have gone before – the ones without a pandemic.

A very cloudy summer for tourism

How will the travel industry manage this summer? I talk to @SimonCalder about the plight of airlines and other tourism operators. Inbound tourism also looks a little sick – made worse by Brexit, says Simon

Removing the green premium

The BiIl Gates approach to the climate crisis is to eradicate the carbon-free premium. But in today’s Debunking Economics podcast Steve Keen says that only goes part of the way to a solution.

Yellen’s global tax is a non starter

Janet Yellen wants the world to agree a universal rate of corporate tax. Has she got a cat in hell’s chance of making any headway? No way says @profSteveKeen on this week’s Debunking Economics podcast. But would it solve anything anyway?

Central banks investigate digital money

Central banks around the world are looking at introducing their own digital currencies. I ask @profstevekeen, what exactly do they mean, and what’s their end game?

The fallacy of the supply curve

Last week @profstevekeen showed why the law of demand was useless. This week on the Debunking Economics podcast he pulls apart the supply curve.

The fallacy of the demand curve

It’s the most fundamental aspect of economic teaching – the law of demand. But @ProfSteveKeen says its all wrong. Listen in to this week’s Debunking Economics podcast to find out why.

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