Debunking Economics - the podcast cover image

Another financial crisis that we all end up paying for

Debunking Economics - the podcast

CHAPTER

The Disequilibrium of the Economy

Both sides of politics and the mainstream media are just, yes, the only way out of this now is to push up interest rates for us all to suffer. That would be the time to do it, wouldn't it? Of course. But we're a long way from thinking that way. And frankly, I've given up on escaping from fantasy. Giving Ben Benanke the Nobel Prize haha last year for his work on banking was just a sign of how little the economics professional is capable of reforming itself. So we have myths everywhere managing the economy based on myths and ignoring the main reality which is an approaching energy and resources crunch.

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