Talking Interest Rates with Phil Dobbie

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One of the peo­ple I miss talk­ing with in Aus­tralia is radio jour­nal­ist and tech and inter­net expert Phil Dob­bie. For­tu­nate­ly there’s Skype, and we reg­u­lar­ly now chat mat­ters eco­nom­ic on his inter­net radio show Balls Radio. Here’s the lat­est com­plete pro­gram, includ­ing our dis­cus­sion of why inter­est rates are so low and are not going to move up until the lev­el of pri­vate debt falls dramatically–which is unlike­ly to hap­pen.

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About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.