Compound Growth in a Finite World

Compound Growth in a Finite World

This week Phil and Steve examine the concept of compound interest and its inextricable link to exponential growth in a world with finite resources. They discuss how interest was historically viewed as a sin—the crime of usury—across major religions until the industrial revolution provided the physical growth and energy consumption necessary to support such financial claims. The duo highlights the systemic risk posed by the expectation of permanent improvement in living standards, noting that while interest rates may not have an inherent limit, the biosphere certainly does.

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Beating inflation?

Beating inflation?

Phil and Steve analyze the 2026 return of double-digit inflation, characterizing it as a structural cost-push crisis rather than the result of excess consumer demand. Keen argues that with Brent crude...

30 Huhti 38min

More Central Bank Independence?

More Central Bank Independence?

In this episode, Phil Dobbie and Steve Keen dissect Bank of England Governor Andrew Bailey’s push for greater central bank independence, a move Bailey claims is necessary to shield price stability fro...

22 Huhti 40min

Energy - the AI Achille's Heel

Energy - the AI Achille's Heel

In this episode of the Debunking Economics podcast, Phil Dobbie and Professor Steve Keen explore the precarious intersection of the ongoing global energy crisis and the massive resource demands of the...

14 Huhti 39min

The looming diesel disaster

The looming diesel disaster

Phil and Steve discuss the escalating global energy crisis and Australia’s precarious response. They critique the government’s move to lower fuel prices by cutting excise taxes and GST, arguing that w...

7 Huhti 36min

Understanding the Value of Value

Understanding the Value of Value

In this episode of the Debunking Economics podcast, Phil Dobbie and Steve Keen explore the core of economic theory: the definition of value. They contrast the classical cost of production theory with ...

31 Maalis 38min

Paying a war

Paying a war

Phil points out that the US is likely to spend $1.5 trilion on defense/offense spending this year. Acknowledging that sovereign currencies can essentially create money to fund defense, doesn’t there g...

17 Maalis 35min

Beyond the Barrel: Should We Windfall Tax Big Tech and Banks?

Beyond the Barrel: Should We Windfall Tax Big Tech and Banks?

This week Phil and Steve dive into the mechanics, ethics, and economic consequences of a Windfall Tax.The discussion starts with the UK’s energy levy on North Sea oil and gas producers, questioning wh...

11 Maalis 42min

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