Larry Randall Wray has suggested Modern Monetary Theory should be applied to create a Green New Deal. This week and next, Phil Dobbie talks to Prof Steve Keen about the idea of creating government mo…
There’s a glimmer of hope that the US China trade war will ease a little. In other words, it won’t get worse. But even so, the tariffs and other conditions are being felt in both countries. Steve Kee…
At the Labour party conference recently, UK Shadow Chancellor outlined the policy aim of reducing the working week to 32 hours, with no loss in pay. It’s been lambasted by many, who see it as a way o…
Modern monetary theory tells us that we shouldn’t worry about government debt – that governments can create money to spend to projects that will create full employment. Even if that is the case, what…
There were times when men would leave their families to head for the hills and pan for gold. There were times when the value of currencies was tied to gold. These days, there aren’t so many discoveri…
According to the World Health Organisation, Antibiotic resistance is rising to dangerously high levels in all parts of the world. New resistance mechanisms are emerging and spreading globally, threat…
Regular listeners will know that most money in circulation is created, bot by central banks, but by commercial banks when they issue loans. In this week’s podcast Phil Dobbie asks Steve Keen how fund…
Britain gave us the steam engine and so many other inventions. But what has it done lately. Not a lot. Is it because we have beenhamstrung by Brussels, and we'll be free to goback to those halycon…
The markets are concerned that we are on the verge of a global recession. How do they know? Not from reading tea-leaves but by studying yield curves. An inverted yield curve has signalled every reces…
A little over 75 years ago World powers signed the Bretton Woods agreement, that saw the US dollar as the planet’s reserve currency, tied to reserves of Gold. In this week’s podcast Phil Dobbie talks…
Economics is still built around the age-old factors of production – land, labour, capital and, perhaps, entrepreneurship. Yet, you can’t run machines without power and you can’t expect workers to fun…
Boris Johnson wants to introduce free ports in the UK. International trade secretary Liz Truss has said the 10 ports would create thousands of jobs. So, will these new tariff free zones, where goods …
As the US Federal Reserve prepares to cut rates today, and the European Central Bank grapples with the how to boost growth without pushing interest rates into negative territory, Phil Dobbie asks Pro…
In a recent Debunking Economics podcast Steve Bannister explained his climate modelling and how existing energy technologies won’t scale enough to save the planet. Omar Cheema, managing director of V…
Is debt good or bad? Or does it depend on the type of debt? One of our listeners, Roy Langston, wrote in to ask why Steve Keen is in favour of bank created debt. Shouldn’t investment be funded by oth…
Just after WW2 the UK government’s spending on pensions in the UK amounted to about 2 percent of GDP – these days its nearer 8 percent. Despite this, over the years we’ve seen an increasing number of…
As the UK Labour party grapples with ways to reduce the advantage of inherited wealth, so we all start life on an equal footing, Phil Dobbie talks to Prof Steve Keen about the idea of a land tax. Cou…
Most press coverage of Facebook’s announcement of a new global currency by 2020 has been negative. Facebook already knows so much about us, can we trust them with our money? But they seem to have mis…
The EU is struggling right now. The Bundesbank has downgraded its 21019 GDP forecast from 1.6% down to 0.6%. The Italian government is being threatened for breaching the EU’s spending rules. Yellow v…
Steve Bannister, from the University of Utah, is special guest on this week’s Debunking Economics podcast. He talks to Phil Dobbie about his approach to climate change modelling, based on GDP growth,…
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Sun 09 Jun 2019
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