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Phil Dobbie

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Articles

  • 3 weeks ago | profstevekeen.substack.com | Steve Keen |Phil Dobbie

    Blil Gates has predicted that within 10 years we’ll be working a two-day week, thanks to advances in AI. He says it’ll mean a vast rethinking of the workplace. It’s not too dissimilar to Keynes’s prediction in the 1930s that wed al be working 15-hour weeks, with more time to enjoy the good things in life. Of course, Keynes was wrong.

  • 1 month ago | profstevekeen.substack.com | Steve Keen |Phil Dobbie

    Economists seem conditioned to think that we need to suffer before an economy can get back on track. They argue an economy can’t grow if there is a large amount of accrued government debt. That the economy needs confidence to grow, and the confidence won’t exist the government owes a lot of money.

  • 2 months ago | profstevekeen.substack.com | Steve Keen |Phil Dobbie

    Why is it, that whilst there are an increasing number of billionaires on the planet, the rest of us are no better than we were decades ago? Young people can’t get on the housing ladder, there’s an increasing waiting list for health services, schools are short of money and tertiary education, once free, leaves students with a lifetime of debt.

  • 2 months ago | profstevekeen.substack.com | Steve Keen |Phil Dobbie

    The standard excuse for why states fail is the rampant printing of money. That certainly doesn’t help, but it’s often the symptom not the cause. In most cases states fail simply because the government isn’t in control. Take, for example, Syria, Yemen, Afghanistan, Somalia, South Sudan.

  • 2 months ago | profstevekeen.substack.com | Steve Keen |Phil Dobbie

    In 1944, at Bretton Woods, 44 countries agreed to make the US dollar the world's reserve currency. This decision inflated the dollar's value, making American exports expensive and imports cheaper. Donald Trump is now addressing this imbalance with tariffs on countries with high trade surpluses.

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