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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End of the Rising Sun
March 27, 2024x
350
39:4854.77 MB

End of the Rising Sun

The Bank of Japan has just lifted interest rates for the first time in 17 tears. The central bank has kept rates in negative territory in the mistaken belief that it would encourage banks to lend an people to borrow, helping to boost their flagging economy. Steve Keen says it’s based on the mistaken belief that...

The economics of babysitting
March 20, 2024x
349
31:3043.38 MB

The economics of babysitting

One analogy that economists like to use is that of the Capitol Hill Babysitting cooperative in Washington DC in the 1970s. Government workers set-up a babysitting group, where they to it in turns to babysit each other’s children, so they could enjoy nights out without paying for childcare. There were quite a fe...

Hunt’s Budget Fantasyland
March 13, 2024x
348
44:5961.89 MB

Hunt’s Budget Fantasyland

The UK Chancellor Jeremy Hunt delivered what is almost certainly his last budget, promising the usual stuff – more investment, more jobs, better public services and lower taxes. And, miraculously, all of this will be achieved by lowering government spending. Despite the rubbery figures, Steve Keen argues that t...

Selling bonds to punters shrinks the economy
March 06, 2024x
347
40:4656.1 MB

Selling bonds to punters shrinks the economy

The UK Debt Office has started selling bonds to retail investors through the primary market Previously the only way you could buy government bonds was through financial institutions, through ETFs, for example. The reason giving for opening it up to consumers is that it will allow them to “contribute more signif...