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 would Keynes do now?
A long way from a Minsky moment
Will more realistic pricing of energy and pollution save the planet?
Private or public – getting the balance right
Ready for Austerity 2.0?
Can we get by without growth, growth, growth?
Understanding the cost and value of money
What's the right level of inflation?
How much money is too much?
Shadow Banks – necessary or a force for evil?
Energy, a free market failure
Changing the role of central banks
Is the European economy stuffed?
Should we be bricking it over BRICS?
Is it time to revert to more state ownership?
Can the price mechanism fix everything?
Can you calm inflation and keep jobs?
Electric cars – tinkering at the edge of a climate crisis
Is the US dollar getting too big for its boots?
How fast can a magic money tree grow?
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