Disposable Jobs

Phil and Steve take aim at the so-called Nobel Prize in Economics and the assumptions behind the models influencing central-bank policy. They discuss why Steve believes mainstream economics underplays the role of banks, private debt and financial crises—and why models built aroun ...  Show more

Fear and greed don’t affect everyone equally. In this episode, Phil Dobbie and Steve Keen explore how debt, financial bubbles, and economic policy can reward those at the top while leaving workers, renters, and households to carry more of the risk. From market crashes and specula ...  Show more

When you listen to J Powell speak from the podium at the FOMC meeting he typically talks about managing the Fed’s dual mandate to maintain price stability and to maximize employment. The past several years have been focused on taming inflation. Core PCE inflation measured 0.3% fo ...  Show more

On today’s show we are talking about inflation and whether higher interest rates will even help.

When you listen to Fed chairman Powell speak, he spends a lot of time talking about inflation expectations. In fact, he mentions inflation expectations as being anchored in ...

In his testimony in early December, U.S. Federal Reserve Chair Jerome Powell admitted it is “probably a good time to retire” the Fed’s characterization of inflation as “transitory”—up, until that time, Powell described inflation as temporary. Today’s guest explains what happens w ...  Show more