Debunking Economics - the podcast
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There’s been a lot of speculation lately about the role of immigration and its impact on inflation. Does a flood of foreign workers push down wages, which contains cost and keeps prices down? Conversely, did the low immigration levels post-COVID add to the wage pressures because, combined with sickness from COVID, there were a lot less people for every job vacancy. It sounds sensible, but Steve believes it’s only a small part of the issue. And if did have the potential to increase labour supply governments are often negating the benefits by failing to invest money into the economy, putting pressure on services and creating another inflation dynamic.
We also hear from Ben, who has a few words to say on the recent Elon Musk episode and all the talk of emigrating to Mars. Apparently we ignored the sex angle. Ad Ben set the task for next week’s podcast. Feel free to add your own contribution by clicking on the mic logo at debunkingeconomics.com
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What will all this inflation do to us?
QE and the bond bubble
Chicago Plan – why it never went anywhere
Who will win the money war between BRICS and the West?
SVB collapse shows there’s no safety in government bonds
Australian House Prices. That old Chestnut.
Future Cities, Unequal Cities
Are central banks heading for a fall?
What’s the right wage?
Return of the Cluster Truss
How does liquidity impact the economy?
An end to capitalism?
Opportunity Cost and MMT
2023 and all that
Piero Sraffa and the non-existent supply curve
Joseph Schumpeter and creative destruction
Bill Phillips & His Curve
Richard Goodwin and non-linear thinking
Irving Fisher and Debt Deflation
The Debt Myth
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