Building a New Economics
The Debunking Economics Podcast
Fool’s Gold
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Fool’s Gold

Zimbabwe hopes to revive its currency by backing it entirely with gold and foreign currencies. Will it boost confidence or simply constrain the supply of money and further hinder growth?
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There are two types of people who buy gold. Speculators who see it as a risk-adverse asset class to buy when other investments look a little shaky. There are also those who hold onto gold because they believe paper money has no intrinsic value and is therefore susceptible to collapse. Zimbabwe, who’s paper currency has been undergoing decades of increas…

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Building a New Economics
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