The Irony of Interest Rates

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 rates, and in what direction. In this edition of the Debunking Economics podcast Phil Dobbie asks Professor Steve Keen what interest rate decisions are intended to achieve and if they have their desired effect. We talk about this as the US Federal reserve prepares itself for one, possibly two, more interest rate rises this year.

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Avsnitt(512)

Too slow for zero?

Too slow for zero?

This week Phil and Steve confront the mathematical and environmental reality of a "zero growth" future, sparked by a debate over the deflationary traps of finite currency systems like Bitcoin. Steve t...

7 Juli 42min

Challenges for the reserve currency

Challenges for the reserve currency

How much longer can the United States rely on the US dollar to dominate the global financial system, and what happens when the cracks finally start to show? In this week's Debunking Economics podcast,...

2 Juli 39min

The world’s anti-migration shift to the right

The world’s anti-migration shift to the right

Phil and Steve confront the global surge in anti-immigration rhetoric and right-wing political momentum, tracing its roots to the structural failures of neoliberalism rather than the actions of migran...

23 Juni 48min

GDP is hopelesss as a relative measure

GDP is hopelesss as a relative measure

Steve and Phil critique our systemic over-reliance on Gross Domestic Product (GDP) as the definitive baseline for comparing global economies and measuring societal well-being. The discussion underscor...

17 Juni 45min

 Is Labour right to cut tax incentives for housing speculators?

Is Labour right to cut tax incentives for housing speculators?

This week Phil and Steve dig into the storm of controversy over Australia's new budget rules targeting property speculators. The Labor government has scaled back negative gearing and abolished the 50%...

10 Juni 44min

Hedging an Uncertain Future

Hedging an Uncertain Future

This week Phil challenges Steve on how the futures market handles terminal risk, pointing out that oil prices slope downward over time simply because traders blindly assume the Strait of Hormuz will r...

20 Maj 38min

Conditioned to borrow, not save

Conditioned to borrow, not save

This week Phil and Steve dismantle the structural shift of the global economy toward a permanent state of debt dependence. Following a critique of Steve’s recent debate on the Piers Morgan show and a ...

13 Maj 45min

Improving Productivity

Improving Productivity

In this episode of Debunking Economics, Steve Keen dismantles the mainstream economic obsession with "Total Factor Productivity" (TFP), labeling it a mythical construct that ignores the laws of physic...

6 Maj 32min

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