Central banks ignore credit at our peril
The world’s Central Bankers have been meeting up in Portugal this week and seem to have colluded on the idea of raising interest rates sometime soon. It looks like the UK, Europe and Canada are in on ...
30 Kesä 201717min
Adjusting to the rise of the machines
Automation, it seems, is taking its toll. For example, based on its turnover Amazon employs less than half the staff levels of the broader retail sector – and they are driving efficiency gains all the...
26 Kesä 201727min
A Greek Tragedy Brought To You By the EU
The EU and IMF have just bailed out Greece again, so it can avoid defaulting on the interest payments for its 300 billion Euro debt. The lenders will receive their payments, whilst Greece continues to...
20 Kesä 201720min
Would Corbyn Take Us Back to the Seventies Crisis?
It’s the catch cry for those who like to spread fear – Corbyn in power would take Britain back to the 1970s, when Britain experienced runaway inflation, the three day week, class hatred and soviet sty...
13 Kesä 201735min
Why salaries are going nowhere
In the UK salaries are now rising slower than inflation – which means living standards are going backwards. Around the world salaries seem to have stagnated, even though unemployment is low. Conventio...
6 Kesä 201725min
Aussie House Prices Are Ready to Crash
Professor Steve Keen has predicted a house price crash in Australia before, but this time he is more certain than ever. Even the Reserve Bank of Australia has been flagging concerns about the country’...
1 Kesä 201730min
Is there any economic rationale in the UKIP Manifesto?
UKIP released its manifesto this week. It’s a glossy production with a range of arguments designed to appeal to the disenfranchised UK worker. But do they stack up economically? In this podcast Phil D...
26 Touko 201732min
The Irony of Interest Rates
Conventional neoclassic economics assumes the economy will always arrive at an equilibrium, yet central banks spend an inordinate amount of time speculating on when they should next move interest rate...
23 Touko 201725min
