The Podcast of the Lotus Eaters PREVIEW: Brokenomics | The communist budget alternative
Dec 9, 2025
Richard Murphy, an economist known for his insights on Modern Monetary Theory and the author of the Funding the Future blog, discusses his alternative budget for 2025. He critiques traditional fiscal policies, emphasizing the need to end neoliberalism and proposes new funding strategies for rebuilding Britain. The conversation dives into controversies over money creation, taxes versus interest rates for controlling inflation, and the implications of removing market discipline. Tensions rise as Dan challenges Murphy's views, leading to a lively debate on financial governance.
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Richard Murphy As Entertaining Provocateur
- Dan finds Richard Murphy entertaining and describes his videos as reliably vitriolic and funny.
- He values hearing extreme perspectives to test and laugh at them.
An Ambitious Alternative Budget
- Richard Murphy published a 20,000-word alternative budget titled Funding the Future available as a PDF.
- He frames it as ending 45 years of neoliberal failure and rebuilding Britain.
Neoliberalism Versus Managerial Statism
- Dan argues the UK has grown less neoliberal recently due to rising state spending and QE.
- He says increasing state control plus money printing created managerial statism, not neoliberalism.
