Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how i
The new US Treasury Secretary Scott Bessent recently re-iterated the US desire to remain as the worl
Phil asked Steve a lot last week about how bank create money through the loans they issue. But
Steve and Phil have described the island of Coinucopia in previous editions of the podcast. It start
Rachel Reeves, the UK Chancellor, has fallen into the debt-trap argument. She says she is focused on
There are, its estimated, 8.2 billion people on the planet. The UN projects that the world's po
Last week Phil introduced us to the island of Coinucopia, where only a limited supply of gold coins
This week Phil introduces Steve Keen to the fictional island of Cornucopia. It’s a simple place, whe
Elon Musk has been moaning that he pays too much tax. He wants to keep more of the $14 billion
When central banks declare a new interest rate, how does that magic into existence? Steve explains h
There’s a common myth around banks. That banks are the intermediaries who collect deposits from cust
Does government debt expand the supply of money? According to Modern Monetary theory, yes it do
You’ll know the name Mario Draghi. He was the President of the European Central Bank and, for a shor
At least half of America is elated with its new choice of President. Money is already flo
The UK Labour party seems top have scored another own goal, with their inheritance tax on family far
The classical economic assumption, from the days of Adam Smith, is that we all have free will and th
Ever wondered why Britain’s roads are riddled with potholes, why the trains keep breaking down and w
Steve Keen says he builds his economic model based on the motivation of three types of actors. First
What causes an economy to fall from a peak? Many economists will argue it’s exogenous shocks but, as
It’s a sad fact that war can pay. The US arms industry is one major beneficiary. The UK is a long wa
Phil tells Steve that he’s always struggled with Karl Marx’s idea of surplus value. The idea that wo
