National debt and private debt – how one can help the other?
The media, governments and mainstream economists are obsessed with concerns over government debt. Yet in the UK and most other developed nations private debt is a bigger issue. Why is it that we expec...
30 Nov 201629min
How Much is Free Trade Costing Us?
Back in 1817, in his catchy titled book ‘On the principle of political economy and taxation’, David Ricardo gave the mathematical argument for free trade based on comparative advantage. The argument g...
26 Nov 201629min
Influencing the Speed of Money
Milton Friedman had a theory that the wealth of a nation was determined by the amount of money and the velocity of that money. In other words, if we exchanged money more quickly we’d all be better off...
18 Nov 201620min
Austerity is Chipmunk Thinking
In this podcast Phil Dobbie talks with Steve Keen about the rationale behind government austerity measures, the thinking being that government debt is holding back the prospects for economic growth. S...
16 Nov 201621min
Monopolies – a Necessary Evil?
In this episode Steve Keen argues that monopolies commissions have got it wrong, believing the consumer wins when all firms in an industry are of similar size. He argues that the best outcomes occur w...
12 Nov 201631min
Trump won because trickle-down economics doesn’t work
Trump’s unexpected win reflects the dissatisfaction of huge swathes of disenfranchised voters across America. They are upset because they are not seeing their lifestyle improve, yet the rich elite see...
11 Nov 201618min
Brexit is Needed to Bring Down the EU
In this edition of the Debunking Economics podcast Steve Keen explains why he is an ardent supporter of Brexit. Phil Dobbie, who believes Britain should stay in as long as the EU exists, asks whether ...
4 Nov 201619min
Interest rates - do they really control inflation?
Reserve banks spend a lot of time discussing the interplay between inflation and interest rates. In this third episode of the Debunking Economics podcast we look at how the two are inter-related and w...
1 Nov 201620min
