Can MMT work in countries with a trade deficit?
Modern monetary theory tells us that we shouldn’t worry about government debt – that governments can create money to spend to projects that will create full employment. Even if that is the case, what ...
30 Sep 201937min
The insignificance of gold
There were times when men would leave their families to head for the hills and pan for gold. There were times when the value of currencies was tied to gold. These days, there aren’t so many discoverie...
23 Sep 201930min
The false economies of private health
According to the World Health Organisation, Antibiotic resistance is rising to dangerously high levels in all parts of the world. New resistance mechanisms are emerging and spreading globally, threate...
16 Sep 201929min
Should we have tighter controls on money supply?
Regular listeners will know that most money in circulation is created, bot by central banks, but by commercial banks when they issue loans. In this week’s podcast Phil Dobbie asks Steve Keen how funda...
9 Sep 201940min
Preparing for an entrepreneurial Britain
Britain gave us the steam engine and so many other inventions. But what has it done lately. Not a lot. Is it because we have beenhamstrung by Brussels, and we'll be free to goback to those halycon ...
2 Sep 201935min
Are we on the verge of a global recession?
The markets are concerned that we are on the verge of a global recession. How do they know? Not from reading tea-leaves but by studying yield curves. An inverted yield curve has signalled every recess...
27 Aug 201937min
What went wrong at Bretton Woods. Time for another meeting?
A little over 75 years ago World powers signed the Bretton Woods agreement, that saw the US dollar as the planet’s reserve currency, tied to reserves of Gold. In this week’s podcast Phil Dobbie talks ...
19 Aug 201934min
An economic model that includes energy
Economics is still built around the age-old factors of production – land, labour, capital and, perhaps, entrepreneurship. Yet, you can’t run machines without power and you can’t expect workers to func...
12 Aug 201943min
