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 Mai 38min
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 Mai 45min
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 Mai 32min
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
Energy - the AI Achille's Heel
In this episode of the Debunking Economics podcast, Phil Dobbie and Professor Steve Keen explore the precarious intersection of the ongoing global energy crisis and the massive resource demands of the...
14 Apr 39min
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 Mar 38min
