Conditioned to borrow, not save

The Debunking Economics Podcast

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Conditioned to borrow, not save

Steve and Phil look at how he focus on borrowing is stopping investing in productive causes.

Steve Keen and Phil Dobbie

May 10, 2026

∙ Paid

This week Phil and Steve dismantle the structural shift of the global economy toward a permanent state of debt dependence. Following a critique of Steve’s recent debate on the Piers Morgan show and a revisit to last week’s discussion on th link between energy and productivity, they look at how policy since the 1980s aggressively incentivizes borrowing o…

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