最高の Debunking ポッドキャスト (2025)

1
Will Trump drive us to a better tax system? 39:11

23h ago39:11

39:11

It’s likely that many countries around the world will face import tariffs in retaliation for imposing a value-added-tax on American goods sold in their own country - alongside other goods, taxed equally, that are not from America. As Steve outs it this week, “What tortured brain cells have communicated to other tortured brain cells to make a propos…

1
Telling Jefferson Lies Season Two Trailer - Charlie Kirk's History Lessons 2:48

16d ago2:48

2:48

In 2024, a video featuring Charlie Kirk defending America as a Christian nation was viewed over 10 millions times on social media. Many of the claims were false or misleading. This season of Telling Jefferson Lies will examine this video and other Christian nation claims by Christian nationalists in addition to Kirk. The first full episode is plann…

1
There is no energy transition happening 35:08

4d ago35:08

35:08

Are we kidding ourselves when we talk about an energy transition? Sure, we are using more renewables than ever before, but the planet is also using more fossil fuels than ever before. Phil asks Steve whether part of the problem is that we pout faith in incumbent energy companies managing that transition. The way BP and others have switched focus ba…

1
Is there a ceiling to economic supremacy? 36:01

15d ago36:01

36:01

Donald Trump is doing everything he can think off to improve the US economy. Tariffs, cutting government spending, bringing manufacturing back home, accessing more resources and lowering the cost of energy. Will it work? And, if it does, Phil wonders whether there’s a ceiling to how far the US economy can grow. Or does it grow at the expense of oth…

1
Bringing manufacturing home, the Japanese Way 41:45

22d ago41:45

41:45

In a recent podcast Phil suggested that bringing manufacturing home to America won’t necessarily create jobs, because most factories will be automated. They just need one man and a dog, he said. The man to turn the machine on, and the dog to make sure he doesn’t touch anything else. That touched a nerve with Brian Hanley has spent his life refining…

1
Are we giving up on climate change? 40:17

29d ago40:17

40:17

Donald Trump, as the world’s highest profile climate change denier, has famously said, repeatedly, that he wants to drill baby drill, to make US energy even cheaper. It’s already half the price of Europe, and all the productivity benefits that provides. Phil and Steve talk about whether this the final nail in the coffin in a world which is paying l…

1
The trade war has begun 41:06

1M ago41:06

41:06

Reciprocal tariffs could be coming to every OECD country if we believe everything Donald Trump says. He sees VAT as a tariff imposed on US imports, which means he wants to impose the same amount on those countries for goods they export to America. That would apply to every OECD country and, supposedly, the President has said there will be no except…

1
Do we need a reserve currency? 41:28

1M ago41:28

41:28

The new US Treasury Secretary Scott Bessent recently re-iterated the US desire to remain as the world’s reserve currency, because they like a strong dollar that’s in demand worldwide. Burt he also says he doesn’t want other currencies weak, because that gives thema trade advantage. That sounds like a “cake and eat it” philosophy. This week Phil ask…

1
More on how money is created 35:37

2M ago35:37

35:37

Phil asked Steve a lot last week about how bank create money through the loans they issue. But he has been, it’s fair to say, a little less convinced about how government deficits create money. So prepare for a light bulb moment as Steve breaks down the process that sees the government spending more, with more money moved to the private sector, and…

1
Coinucopia’s thriving banking sector 45:50

2M ago45:50

45:50

Steve and Phil have described the island of Coinucopia in previous editions of the podcast. It started as a place where only coins were legal tender, and the supply of coins didn’t increase. They explained how that created deflation and inhibited growth, so the government started adding more coins. Then they let banks issue loans. Now, what happens…

1
Reeves off track on growth 37:03

2M ago37:03

37:03

Rachel Reeves, the UK Chancellor, has fallen into the debt-trap argument. She says she is focused on growth, but she is also determined to balance the budget. Cuts to government spending is part of the picture, but her biggest attack has been on business, increasing tax on employment. You could argue that if you are going to tax anywhere, taxing bu…

1
The population clock 39:51

2M ago39:51

39:51

There are, its estimated, 8.2 billion people on the planet. The UN projects that the world's population will reach 9.7 billion by 2050 and 11.2 billion by 2100. We won’t reach that, says Steve Keen. Even if we ignore climate change, we’ll exceed our capacity to support the population, and the as countries become richer their fertility rate will dec…

1
When Coincupia starts to allow loans and bank notes 44:20

3M ago44:20

44:20

Last week Phil introduced us to the island of Coinucopia, where only a limited supply of gold coins could be used to keep the economy functioning. But the island is suffering from very slow economic growth. Steve explains how any innovation, that sees new products come to market, will see the same money chasing more goods, so prices will necessaril…

1
Telling Jefferson Lies Season Two Preview - January 6 Edition 3:51

3M ago3:51

3:51

Although the dates have not been set, new episodes of Telling Jefferson Lies are coming this Spring. I want to go deeper into the faulty history of Christian nationalism but also examine the psychology behind it as well. Christian nationalism as an ideology is much more complex than fake quotes and false stories. The way history has been written fr…

1
The cash only economy where economics works 30:15

3M ago30:15

30:15

This week Phil introduces Steve Keen to the fictional island of Cornucopia. It’s a simple place, where the only trade takes place with gold coins. Banks are not allowed to give loans, and the money supply remains constant, unless the Chancellor decides to mint new ones. In such circumstances, how many basic economic principles work? Most of them, i…

1
Is income disparity essential for growth? 42:32

3M ago42:32

42:32

Elon Musk has been moaning that he pays too much tax. He wants to keep more of the $14 billion or so that he earns each year. But has he got a point? Do we need to the opportunity to become incredibly wealthy to drive innovation. If we had more equal levels of income, would we actually suffer from lower growth, so everyone would end up worse off.? …

1
What do central banks do? 39:00

3M ago39:00

39:00

When central banks declare a new interest rate, how does that magic into existence? Steve explains how they trade in bonds, to drive yields close to their target rate. If they are buying up bonds held by pension funds and the like, are they also adding to the money supply? Could that have more impact on the health of the economy than playing with i…

1
Banks, reserves, lending and money supply 45:14

4M ago45:14

45:14

There’s a common myth around banks. That banks are the intermediaries who collect deposits from customers, keep a bit in reserve, then lend out the rest at a higher interest rate. That argument then extends to a multiplier effect, where the money loaned out is deposited in banks, freeing up more money for further loans. The multiplier is how textbo…

1
Government debt, bonds and money supply 42:18

4M ago42:18

42:18

Does government debt expand the supply of money? According to Modern Monetary theory, yes it does. It’s all down to simple double-entry book-keeping and an understanding of the role of financial equity. As Steve explains, in this step-by-step guide, for the private sector to experience positive equity, the government sector has to have negative equ…

1
Can Europe be Draghi-ed out of stagnation? 40:07

4M ago40:07

40:07

You’ll know the name Mario Draghi. He was the President of the European Central Bank and, for a short while, Prime Minister of Italy. Earlier this year he produced a report EU Competitiveness. It called on the need for more Europe-wide investment, particularly for innovation, emerging industries and the transition to green energy. Phil and Steve ta…

1
Tariffic Trump 40:08

4M ago40:08

40:08

At least half of America is elated with its new choice of President. Money is already flowing into the country, with early gains on the NYSE and the dollar shooting higher in value. Tariffs will be front and centre early in the new Presidency, with Trump describing Tariffs as “a beautiful word” recently. But will it have the intended effect. Could …

1
Milking inheritance 39:07

4M ago39:07

39:07

The UK Labour party seems top have scored another own goal, with their inheritance tax on family farms. Previously farms were exe pt from inheritance, but that meant wealthy landowners, with massive stately homes set in sprawling estates could buy a few sheep and claim they were a farm. Hence, the government limited the exemption to properties wort…

1
The economics of irresponsibility 38:46

5M ago38:46

38:46

The classical economic assumption, from the days of Adam Smith, is that we all have free will and this freedom ensures the best possible outcomes for the economy, provided those decisions are based on greed and self-interest. This week’s episode opens with a student questioning Milton Friedman about the freedom of a man who couldn’t afford to pay h…

1
Britain’s capex crisis and how to fix it 45:31

5M ago45:31

45:31

Ever wondered why Britain’s roads are riddled with potholes, why the trains keep breaking down and why there aren’t enough hospital beds? Simple. Britain is not making enough capital investments. Taking the public and private sector together, it amounts to about 6 percent of GDP, well below the 22% in the US - which has its own infrastructure probl…

1
Co-ops change the game 31:49

5M ago31:49

31:49

Steve Keen says he builds his economic model based on the motivation of three types of actors. First, the worker, who wants to maximise his or her wage. Then there’s the capitalist who wants to maximise profits. And the financiers who wants to lend out as much money as possible with the best possible returns. How does Steve’s model change if most b…

1
The cycles of the economy 36:31

5M ago36:31

36:31

What causes an economy to fall from a peak? Many economists will argue it’s exogenous shocks but, as Phil and Steve discuss, there’s not too many of those around. Maybe COVID was one, but even that came about because our economic system has drawn us closer to wildlife habitats. Or is it a lack of resources? We run out of capacity to produce more, w…

1
The War Dividend 36:58

6M ago36:58

36:58

It’s a sad fact that war can pay. The US arms industry is one major beneficiary. The UK is a long way behind, but it also a big supplier of armaments to the world. If governments of the world upped their defence pending to 3 percent of GDP that would see a massive increase in demand for weaponry. In Britian’s case it could re-engage the manufacturi…

1
Have marketers made Marx surplus to requirements? 36:26

6M ago36:26

36:26

Phil tells Steve that he’s always struggled with Karl Marx’s idea of surplus value. The idea that workers work for themselves, then a bit more to create the profit for a business. Phil says, that seems like a cost-plus approach, whereas in his marketing days, it was all about creating a brand that people would pay more for. The extra value was crea…

1
Why is the US economy doing so much better than Europe? 35:53

6M ago35:53

35:53

Europe and the US are both recovering from the same problem – COVID and the inflation that followed. But last week the Fed in the US dropped interest rates by half a percent, with markets expecting a soft-landing for the US economy. Europe, meanwhile, is struggling, with Germany’s economy heading backwards for more than a year. So, when the big dif…

1
The Aggregate Problem 34:29

6M ago34:29

34:29

The UK’s unemployment rate is 4.1%, the inflation rate is growing at 3.1% and the economy is growing at 0.6% quarter on quarter. That’s how the economy is doing, what more do we need to know? Well, it would be useful to know whether the unemployed are predominantly in certain income groups, or that income growth was greater in particular parts of t…

1
We fought the pandemic and the war won 36:59

7M ago36:59

36:59

The pandemic was the biggest economic disturbance since the second world war. In both cases supply chains were severely disrupted, either by German U-boats or, more recently, factories and borders closed to stop the spread of disease. On the face of it, though, we have got off relatively Scot-free. We haven’t seen the massive fall in GDP experience…

1
Disposable Jobs 37:02

7M ago37:02

37:02

A couple of years ago, when warning of the need to fight inflation, Jerome Powell, Governor of the US Federal Reserve says interest rate would rise and jobs might disappear. Yet, interest rates have risen, and unemployment hasn’t fallen anywhere near as much as expected. So, what’s going on? Does it mean, thankfully, that monetary policy isn’t work…

1
The Old Age Liability 39:13

7M ago39:13

39:13

Some call it the silver tsunami. The wave of old people putting pressure on government budgets. And, as baby boomers retire and young people produce less and less children, western populations will continue to age. That means less productive capacity and more people dependent on welfare. On today’s podcasts Phil & Steve talk through the three optio…

1
The Spirit of Justice: A Bonus Episode with Jemar Tisby 26:15

7M ago26:15

26:15

On September 3, 2024, author and historian Jemar Tisby's new book The Spirit of Justice: True Stories of Faith, Race, and Resistance officially drops everywhere. Today, I am posting most of the interview I conducted with Jemar for use in my podcast series Telling Jefferson Lies. In this episode, I recreate my questions because of a recording glitch…

1
Could stubborn central banks drive us to debt deflation? 35:26

7M ago35:26

35:26

The last time interest rates were this high they came down rather fast. This time central bankers are determined to manage a slow unwind and deliver a return to growth without wreaking havoc on the economy. Will they be successful? This week Steve Keen argues the high interest rates are inflicting damage without treating the problem. Inflation is b…

1
It’s not complicated! Doyne Farmer on a Better Economics for a Better World 54:02

8M ago54:02

54:02

Complex systems don’t have to be complicated to provided deep insights into the real world. That’s the view of Doyne Farmer, special guest on this week’s podcast. It’s an approach he shares to economics with Steve Keen. Steve develops systems from the top-down, whereas Doyne’s work focuses on agent-driven bottom-up modelling. But they arrive at sim…

1
Debt, savings and investments – how they really work 37:21

8M ago37:21

37:21

It’s curious isn’t it how we talk about household savings, rather than net debt. Many people do have money squirreled away in savings accounts, for a rainy day. That rainy day comes when hey lose a job and need that cash to pay their mortgage. So we are saving to help pay off an existing debt at a later date. How cockeyed it that? A lot of that mon…

1
Including energy in economic models. It doesn’t have to be that difficult. 37:37

8M ago37:37

37:37

So, if economics is all about the allocation of scarce resources, isn’t energy the most scarce resource? And yet its not really included in any economic models. We look at labour and capital as the drivers of growth, but energy is just a contributor to those factors, not a key factor in itself. Yet without energy humans wouldn’t survive and machine…

1
Our obsession with ownership 39:25

8M ago39:25

39:25

We are obsessed with the need to own things, not least, our homes. But for younger people that is increasingly becoming a pipedream, unless they are lucky enough to gain a healthy inheritance. Even then it’s going to come later in life. In the meantime, we save like crazy, and even when we do get a house, we spend decades paying it off though a hef…

1
Too big for their boots? Are bigger companies slowing the economy. 37:02

8M ago37:02

37:02

The global share market has always been dominated by the US, now we’re seeing a number share of very large tech companies claiming a larger slice of that pie. Even though they are trading with price to earnings ratios well beyond the historic average, these companies won’t fail. They dominate the market, with billions of customers, low production c…

1
Labour’s Energy Halfway House 38:29

9M ago38:29

38:29

Labour has romped to victory in the UK and they need to get cracking on all their election promises. One of those is the creation of Great British Energy. Keir Starmer points to the number of foreign interests owning energy generation in the UK. But, as Phil highlights this week, foreign companies are also heavily invested in energy distribution an…

1
Paying for our old age 39:32

9M ago39:32

39:32

In the UK the proportion of the population aged over 65 has grown from 16 percent in 2000 to over 19% today. It’s a similar story throughout the western world as the population ages. That’s seen as an enormous liability for governments who will have to pay out pensions to their old folk. Hence the drive to get people to put money into private schem…

1
Disarming Leviathan - Bonus Episode with Caleb Campbell 28:03

9M ago28:03

28:03

On July 2, 2024, Caleb Campbell's new book Disarming Leviathan: Loving Your Christian Nationalist Neighbor officially drops everywhere. Today, I am posting most of the interview I conducted with Caleb for use in my podcast series Telling Jefferson Lies. In this episode, I do say I want to smash Christian nationalists, but I hope it is clear that I …

1
Greens Manifesto: An Opportunity Lost 39:53

9M ago39:53

39:53

Carla Denyer and Adrian Ramsay recently launched the Greens Manifesto in the run up to the UK election. Phil and Steve discuss it on this week’s podcast and conclude the one thing that seems to have slipped down the priority list, is all the green stuff. They talk about fixing broken Britain, like every party, and correcting wealth inequality. They…

1
The West’s vote on immigration 41:52

9M ago41:52

41:52

The UK election debate changed tune when Nigel Farage agreed to stand for Reform, promising to cut migration and rid the UK of all the problems these nasty foreigners are responsible for. Elsewhere the recent European Union elections saw a sharp shift to the right, again driven by concerns over migration. If Donald Trump wins again in the US at the…

1
Two parties obsessed with government debt 36:01

10M ago36:01

36:01

Imagine if Keir Starmer, the UK Labour leader, had said, let’s not get too obsessed with government debt. If we go down that road we won‘t be able to provide the public services we need, our infrastructure will crumble further and we’ll simply see the country’s productivity erode further by the day. Unfortunately, he didn’t say that. Instead, he ha…

1
Rising margins, higher inflation, lower wages. No wonder you feel worse off. 43:04

10M ago43:04

43:04

There’s been a debate brewing post-pandemic about how much inflation has been elevated by companies increasing their margins. The evidence of that is the increased profits, not just in the tech sector, which has helped increase the share prices of these companies, evidenced by record levels across the US share market indices. This week Steve Keen s…

1
Ministers of Propaganda - Bonus Episode with Scott Coley 10:29

10M ago10:29

10:29

Excerpts from my interview with Scott Coley, lecturer in philosophy at Mount St. Mary's University. His new book Ministers of Propaganda: Truth, Power, and the Ideology of the Religious Right is out this week. In this bonus episode of the podcast series Telling Jefferson Lies, Scott discusses Christo-authoritarianism and the role of justice in over…

1
Productivity – the election winner that Rishi Sunak failed on 42:34

10M ago42:34

42:34

The UK is heading to the polls on July 4th and the Conservative Party is heading for annihilation. Yet, when it comes to espousing sensible ideas from textbooks, Rishi Sunak had the making of a good Prime Minister. For example, tackling productivity by building the necessary infrastructure, investing in education and building cities and regions whe…

1
Trump's plan. Same old same old, only more so. 29:57

10M ago29:57

29:57

Steve is on hols this week, so Phil takes a look back at a couple of Debunking Economics podcasts from just before Donald Trump took office. In many ways he stuck to his promises. He tried to cut immigration, he introduced protectionism with hefty tariffs on China and he cut taxes. Now he’s promising more of the same, although Biden might have beat…

聞く価値のあるポッドキャスト

ポッドキャスト Debunking

聞く価値のあるポッドキャスト

クイックリファレンスガイド