71. Is the Bank of England nuts?
Has the Bank of England lost the plot? They have lifted interest rates as though the economy was booming. Yet, just two weeks ahead the Financial Conduct Authority reported that many would struggle to pay £50 more each month on our mortgage, and real wages haven’t budged for over a decade. In this edition of the Debunking Economics podcast Phil Dobbie asks Professor Steve Keen what the central bank thinks it’s doing!
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