Not so long ago the world was worried about deflation, supposedly driven by low-cost imports from China, but also a stagnating economy driven by high levels of private debt. Now central banks are trying their hardest to bring down inflation, fearing without their expertise it will spiral out of control. So, will it? What caused it? And can we live with it? This week Phil and Steve look at the pros and cons of inflation and discuss whether it is here to stay.
Climate Crisis
Steve Keen: Valuable new paper on climate catastrophes
Though the topic is heavy, it’s not a hard paper to read: it is an overview rather than an analytic or modeling paper. I highly recommend reading it. Though the topic is heavy, it’s not […]
Economics
Politics Theory Other: Brett Christophers – Rentier Capitalism: Who Owns the Economy, and Who Pays for It?
Brett Christophers joins PTO to talk about his new book, Rentier Capitalism: Who Owns the Economy, and Who Pays for It? We chatted about the extraordinary dominance of monopolistic rent-seeking in the UK economy, why […]
EU politics
Pierre Manent on the European Union
“Europe as a secular religion” – after Macron’s declaration listen to this alternative account of the EU by Pierre Manent
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