Debunking Economics - the podcast
Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.
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- Update frequency
- every 7 days
- Average duration
- 34 minutes
- Episodes
- 472
- Years Active
- 2016 - 2025
EU talks bonds. And this time it’s different
The EU has talked about issuing new bonds to protect its eastern borders against Russia and to prepare Europe for a future without reliance on Russian oil and gas. Normally bonds are issued by indivi…
00:32:35 |
Mon 21 Mar 2022
Does Economic Isolationism Work?
The war in Ukraine looks set to continue for a long time. A 90 minute high-level meeting between the two parties, mediated in Turkey, got nowhere today. Meanwhile, the west is imposing more and more…
00:29:59 |
Thu 10 Mar 2022
Crazy Taxes
Most people agree that Rishi Sunak is crazy to introduce new taxes on the British public when inflation is compromising living standards and the Bank of England is lifting rates and pushing up the co…
00:34:00 |
Fri 04 Mar 2022
Fighting Putin’s grand plan
It seems Putin will not be satisfied until he has a puppet leader installed in Ukraine to replace what he’s called their Nazi leader – he’s Jewish by the way. This week Phil Dobbie talks to Steve Kee…
00:38:52 |
Sat 26 Feb 2022
Time for a monetary reset?
A society riddled with debt is a society that is reluctant or unable to spend. A lot of that debt has now found its way into housing, with mortgages higher than ever. That’s money we’re using to pay …
00:32:22 |
Mon 21 Feb 2022
Debt, loans and investments deciphered
Last year Andrew Bailey, the Bank of England Governor, spoke optimistically about how the UK economy would bounce back because so many people had stashed away money in their savings accounts. But, at…
00:30:20 |
Thu 10 Feb 2022
How to burst the housing bubble
House prices in Australia continue to rise. According to Domain’s House Price Index, prices in Sydney have risen by a third in the last year, to a median value of $1.6 million. Housing affordability …
00:34:53 |
Tue 01 Feb 2022
Who controls interest?
Central banks control the interest rate through the decisions of their various monetary committees. Almost all of them are set to raise rates multiple times this year. But what do they basis this dec…
00:32:14 |
Mon 24 Jan 2022
What’s driving the Great Resignation?
One of the surprises as we emerge from the worst of COVID (hopefully) is what’s being called the Great Resignation. Even though employment levels in most countries remain below pre-pandemic levels, t…
00:29:48 |
Sun 09 Jan 2022
The Perils of Government Subsidies
Even the most ardent supporters of small government will agree there are times when governments need to offer subsidies to companies and industries. Paying for the furloughing of workers during the p…
00:31:53 |
Tue 04 Jan 2022
Where’s all the money coming from?
Around the world we have seen the size of the money supply increasing considerably over recent decades, but none more so than the last couple of years, as governments spend like crazy to support peop…
00:36:42 |
Sat 18 Dec 2021
Not all contrarians are the same
There are a lot of people questioning the direction of conventional economics, yet, even after the biggest spending splurges ever made by governments outside wartime, there is still a lot of talk abo…
00:36:33 |
Fri 03 Dec 2021
Surviving with a negative trade balance
Is a negative trade balance such a bad thing? Some countries with a bit deficit seem to be doing okay, like American, even the UK to an extent, whereas others, like Japan have a trade surplus and a e…
00:34:25 |
Sun 28 Nov 2021
Too much information
Economics works so well because we al have perfect information about everything, all the time. Right? We choose products at the best price because we know all about all products and their prices, so …
00:32:09 |
Sat 20 Nov 2021
Accumulating someone else‘s wealth
If capitalism is driving everyone to make a profit – and we all save a bit of that profit and therefore accumulate more wealth, does that mean everyone can be better off, if we all run profitable bus…
00:35:25 |
Wed 10 Nov 2021
Boris misunderstood Pareto
During his Tory Party conference speech, Boris Johnson said that he remembers something about Wilfredo Pareto, in the “cobwedded attic of (his) memories”. In his mind, Pareto was all about levelling …
00:30:42 |
Wed 03 Nov 2021
Currency Wars
Donald Trump believed that China was manipulating its currency to get an unfair advantage against the US. This week Professor Steve Keen explains why manipulating currencies isn’t that easy – and the…
00:36:28 |
Tue 26 Oct 2021
The energy crunch
The world’s leaders are getting together in the UK at the end of this month to discuss how to tackle climate change. Meanwhile, fuel prices are rising higher and higher, and increasing talk of inflat…
00:37:13 |
Mon 18 Oct 2021
Cashed up and nowhere to go
Governments have been spending their way through the pandemic, so what happens to that money? Regular listeners will understand how this spending gets added to the money supply, but then what? Steve …
00:37:39 |
Fri 08 Oct 2021
Steve for the NSW Senate
Steve Keen is a man of many surprises. His latest is that he is going to stand for the Senate in New South Wales. He’s packing his bags and heading back to Australia, for an election that will be hel…
00:34:40 |
Tue 05 Oct 2021
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