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The economics of scarcity
Season 1 Episode 261
From day one economics students are taught that their discipline is all about the optimal allocation of resources. The concept of scarcity is at the …
5 years, 1 month ago
Dog Days and Hot Bonds
Season 1 Episode 260
Canada and the west coast of the US have been hit with extreme heat the last week. The town of Lytton in British Columbia reached 49.5C, the result o…
5 years, 1 month ago
Power (back) to the People
Season 1 Episode 259
Businesses and politicians have worked tirelessly to reduce the power of workers and dissemble unions. Of course, nobody was better at it than Margar…
5 years, 2 months ago
Has the UK come the raw prawn over free trade?
Season 1 Episode 258
Boris Johnson has enjoyed photo opportunities this week with Australian Prime Minister Scott Morrison with the announcement of an ‘in-principle’ free…
5 years, 2 months ago
The problem with now
Season 1 Episode 257
The world is fixated with the present. We want to earn money quickly and spend it quickly. CEOs don’t care about much beyond their stock options, pol…
5 years, 2 months ago
Relative Values
Season 1 Episode 256
Today on the podcast Phil Dobbie talks to Steve Keen about the value of things. Supposedly, price is a substitute for value, meaning if someone is pr…
5 years, 2 months ago
Inflation – transitory, then what?
Season 1 Episode 255
US inflation is now running at 4.2% on an annual basis, and producer prices the world over have been rising as input costs for product creep up. How …
5 years, 3 months ago
Do central banks only help the rich?
Season 1 Episode 254
This pandemic has been massive amounts spent by governments, and a chunk of that government debt is being bought by central banks. But with central b…
5 years, 3 months ago
Navigating out of the COVID crisis
Season 1 Episode 253
There seems to be an assumption by many that the crisis we have experienced will quickly bounce back. Output will resume, demand will return, everyon…
5 years, 3 months ago
A history of recessions, and why this is not so different
Season 1 Episode 252
There’s one clear difference between this recession and almost all those that have gone before. This time there was a pandemic involved, which hit de…
5 years, 3 months ago