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
Positive Money’s Economic Plan
Part of the problem with the global economy is that nobody has a plan, except perhaps the Chinese Communist Party. Elsewhere politicians lurch from one crisis to another, and any long-term planning i…
00:38:47 |
Wed 24 May 2023
Why do central banks want digital currencies?
Central banks seem to be in a rush to offer digital currencies, but why? Conspiracy theories point to China, and visions of private bank accounts monitored by the state to counter the hidden transact…
00:33:30 |
Wed 17 May 2023
HANK or RANK – how monetary policy works, or doesn’t
New Keynesian economists have accepted that their HANK model, which models the behaviour of one representative agent, doesn’t explain the outcomes on different income groups. As we know, the latest r…
00:38:30 |
Wed 10 May 2023
The Fast Road to Net Zero
Reaching net zero – is it doable, or is it just a pipe dream? In podcasts recently Steve Keen has expressed thoughts that we are already too late to avoid catastrophic climate change. But this week, …
00:41:57 |
Wed 03 May 2023
Rate rises and inequality
Nobody wins when rates rise. Central banks might argue that everybody wins, because they are using these rises as the blunt instrument to knock down inflation. But the wealthy lose out because asset …
00:36:03 |
Wed 26 Apr 2023
Immigration. Good or bad?
There is nothing or contentious that immigration, it seems. In the UK there’s a swathe of the population that don’t like foreigners very much, unless they are serving than fish and chips in Torremoli…
00:38:45 |
Wed 19 Apr 2023
What will all this inflation do to us?
Not so long ago the world was worried about deflation, supposedly driven by low-cost imports from China, but also a stagnating economy driven by high levels of private debt. Now central banks are try…
00:31:25 |
Wed 12 Apr 2023
QE and the bond bubble
Silicon Valley Bank collapsed last month because there was a run on the bank and they didn’t have the assets to cover their customers deposits. They were trading insolvent, in other words, even thoug…
00:37:50 |
Wed 05 Apr 2023
Chicago Plan – why it never went anywhere
After the Great Depression a bunch of economists got together to hatch a plan to stop future runs on banks. The plan called for banks to only accept demand deposits “subject to a 100% reserve require…
00:33:13 |
Wed 29 Mar 2023
Who will win the money war between BRICS and the West?
If the west decouples itself from China and other autocratic regimes, just as we have done, to an extent with Russia, what does that mean for international trade? What does it mean for international …
00:37:39 |
Wed 22 Mar 2023
SVB collapse shows there’s no safety in government bonds
The collapse of Silicon Valley Bank last week can be put down to two things – first a management team that clearly ignored the falling value of the assets they held, and second the fact that the Fed …
00:35:54 |
Wed 15 Mar 2023
Australian House Prices. That old Chestnut.
At the end of this week’s mega-long episode of the Debunking Economics Podcast Steve Keen admits he longer sees Australian house prices as the most important issue on the planet. But it, along with p…
00:52:53 |
Wed 08 Mar 2023
Future Cities, Unequal Cities
This week on Debunking Economics Phil and Steve are joined by Richard McGahey, author of a new book “Unequal Cities: Overcoming anti-urban bias to reduce inequality in the United States”. One of the …
00:41:49 |
Wed 01 Mar 2023
Are central banks heading for a fall?
They are pushing up interest rates thew world over because monetary theory dictates that this is the way to bring down inflation. But not so long ago those same banks were arguing that inflation was …
00:37:20 |
Wed 22 Feb 2023
What’s the right wage?
The UK is gripped by strikes right now, but they are not the only ones. All over the world public and private sector workers are taking action as their salaries fail to keep up with inflation. Centra…
00:36:49 |
Wed 15 Feb 2023
Return of the Cluster Truss
Over the weekend Liz Truss was singing her own praises, with a front-page article in the UK’s Sunday Telegraph. She is known, of course, for being the UK’s shortest-term Prime Minister after her plan…
00:37:39 |
Wed 08 Feb 2023
How does liquidity impact the economy?
For most of us liquidity is an easy concept to understand. Have we got enough cash to pay our bills? For small businesses it is a simple case of managing your cashflow and ensuring your cash on hand …
00:44:13 |
Wed 01 Feb 2023
An end to capitalism?
It would be a bold prediction to say that capitalism is on the way out. Nor should it be. It has provided growth and innovation for the global economy, but has it become too laissez faire? Phil asks …
00:35:52 |
Wed 25 Jan 2023
Opportunity Cost and MMT
Conventional economics is built around the idea of opportunity cost. If there is a limited resource a decision has to be made about how best to use it. How is that principle applied when you look at …
00:40:54 |
Wed 18 Jan 2023
2023 and all that
After a disastrous couple of years, can things get any worse in 2023? Steve Keen and Phil Dobbie look ahead and actually find some positive take-outs from the precarious situation we find ourselves i…
00:40:09 |
Wed 11 Jan 2023
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