How long before central banks realise they are making a big mistake?
Inflation is rising everywhere as supply chains hit prices in the shops and at the fuel bowsers. Central banks are responding to this the only way they know how – by pushing up interest rates. Phil Do...
4 Jul 202234min
Is globalisation a good thing, or a bad thing?
When COVID has gone and the war is over, will we return to the patterns of international trade we were enjoying just a few years ago? Steve Keen says not, which puts him in the camp of anti-globalists...
28 Jun 202235min
Are there secret men running the world?
Conspiracy theorists are out there claiming that unelected representatives are holding power, using technology to control our behaviour. China has tried a bit of this social engineering, but there are...
20 Jun 202231min
Coming off the QE cool aid
Central banks the world over are busy lifting interest rates and, at the same time, engaging in quantitative tightening. In other words, all those bonds they bought up, will progressively be sold back...
13 Jun 202234min
The Tragedy of Misunderstanding the Commons
The Tragedy of the Commons is a concept developed by William Forster Lloyd one hundred and fifty years ago. The argument is that if you allowed everybody to graze their cattle on common ground, with n...
7 Jun 202226min
Is the Phillips Curve dead?
Central bankers and economists have often used the Phillips curve to determine the path of inflation. The problem is, they often get it wrong. No wonder then, that they question its validity when it d...
31 Mai 202232min
Can we beat stagflation?
Stagflation is that worrying combination of rises prices in a stagnant economy. Central banks believe the answer is to push up interest rates, to magically reduce inflation and miraculously demand ret...
23 Mai 202233min
Should oil companies pay a windfall tax?
BP made $12.8 billion profit last year, $4.1 billion on that in the fourth quarter. In the first three months of this year Shell’s profits reached $9.1 billion. Meanwhile pensioners and low-income fam...
16 Mai 202232min
