Debunking Economics - the podcast

In real terms the amount the UK spends on healthcare has risen from £500 in 1970 to £3,000 per person today. That’s a massive increase, but the payback has been that we are living 10 years longer. Ask people if they would be prepared to spend 10% of their income to live ten years longer, most would say yes. Yet...

Financial markets don’t like it when governments announce plans to spend more money. That’s why there’s concern over Donald Trump’s Big Beautiful Bill, which will add, by some accounts, $4 trillion to the US budget deficit over the next decade. Steve Keen says it’s not a problem. Banks buy up the bonds and the ...

There’s been a lot of talk lately about de-dollarisation. In other words, global investors are parking less of their money in US dollars (in the form of US treasuries/bonds). What was once considered a safe choice, is now seen as having more risk, and that’s being accentuated right now by the falling value of t...

here was an article in The Economist last week, shared widely in press around the globe, about the apparent fixation with manufacturing. Aussie economist Saul Eslake calls it Manufacturing Fetishism, with government support focused more on that sector than anything else. President Trump wants to bring home ever...