Debunking Economics - the podcast
By Steve Keen & Phil Dobbie
Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.
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Latest episode
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Should the wealthy get away with less tax?
Should the wealthy get away with lower tax than workers. Shouldn’t capital gains and income be taxed at the same rate. The answer isn’t as straight forward as you might think. -
UK Labour’s Half-Baked Nationalisation Plans
Keir Starmer wants to renationalise railways in the UK. This week we ask, why stop there? What about water, energy and other public monopolies? -
Cheap news is bad news
The business model for news is broken. That means there’s less public accountability. A failing of democracy that is an economics problem. So what’s the answer? Steve and I try and figure it out. -
Fool’s Gold
Zimbabwe hopes to revive its currency by backing it entirely with gold and foreign currencies. Will it boost confidence or simply constrain the supply of money and further hinder growth? -
Will America ever be great again?
America is leading in AI, but its manufacturing base plateaued decades ago. What does the future look like for the US? Particularly if more international trade is conducted bypassing the US dollar. -
Feige’s automated transaction tax – the simple answer?
Can we replace the complexity of today's tax code with an automated transactional tax, paid on every payment in and out of your bank account. -
Does immigration slow inflation?
There’s been a lot of speculation lately about the role of immigration and its impact on inflation. Does a flood of foreign workers push down wages, which contains cost and keeps prices down? Conversely, did the low immigration levels post-COVID a… -
End of the Rising Sun
The Bank of Japan has just lifted interest rates for the first time in 17 tears. The central bank has kept rates in negative territory in the mistaken belief that it would encourage banks to lend an people to borrow, helping to boost their flagging e… -
The economics of babysitting
Steve and Phil discuss money creation and the parable of the Capitol Hill Babysitting Cooperative. -
Hunt’s Budget Fantasyland
The UK government is planning on more austerity, whilst expecting growth and less 2debt. Steve explains why what they are asking for is impossible.
