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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Reviews:
Trump is half way to Keynes’s answer to deficits
April 16, 202542:34

Trump is half way to Keynes’s answer to deficits

In 1944, at Bretton Woods, 44 countries agreed to make the US dollar the world's reserve currency. This decision inflated the dollar's value, making American exports expensive and imports cheaper. Donald Trump is now addressing this imbalance with tariffs on countries with high trade surpluses. Steve suggests t...

Trump. Has he lost his mind?
April 09, 202537:48

Trump. Has he lost his mind?

It’s clear that President Trump lied to the American people about his reciprocal tariffs. Many of the countries he is imposing tariffs do not impose anywhere near those numbers on imports from America. As Phil points out, some countries, like Cambodia, that sell cheap goods to the US don’t buy from the US beca...

Should we tax the rich?
April 02, 202544:05

Should we tax the rich?

It’s often the easy excuse on how to fix the problems of wealth inequality - just tax the rich more. Former trader turned YouTuber economist Gary Stevenson argues regularly that it’ll fix a lot of the problem. He’s right that the wealthy own assets and the richer they become the more the price of those assets i...

Will Trump drive us to a better tax system?
March 26, 202539:11

Will Trump drive us to a better tax system?

It’s likely that many countries around the world will face import tariffs in retaliation for imposing a value-added-tax on American goods sold in their own country -  alongside other goods, taxed equally, that are not from America. As Steve outs it this week, “What tortured brain cells have communica...