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 Apr 38min
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 Apr 40min
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 Apr 36min
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 Mars 38min
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...
24 Mars 41min
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 Mars 35min
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 Mars 42min
