Debunking Economics - the podcast

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 around equilibrium and external shocks can struggle to explain events like the Great Depression and the gl...

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 speculative booms to the growing role of private debt, they unpack why inequality persists—and why fear has ...