Phil and Steve analyse the 2026 return of double-digit inflation, characterizing it as a structural cost-push crisis rather than the result of excess consumer demand. Keen argues that with Brent crude hitting $100 a barrel due to the Strait of Hormuz blockade, energy costs have become a fundamental driver of prices that central bank interest rate hikes …
Playback speed
×
Share post
Share post at current time
Share from 0:00
0:00
/
Paid episode
The full episode is only available to paid subscribers of Building a New Economics
Beating Inflation
Why central banks have no idea about handling an energy crisis.
Apr 25, 2026
∙ Paid
The Debunking Economics Podcast
Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.ems-based alternative to mainstream economics
Economist Steve Keen talks to Phil Dobbie about the failings of the neoclassical economics and how it reflects on society.ems-based alternative to mainstream economicsListen on
Substack App
RSS Feed
Appears in episode
Recent Episodes












