Building a New Economics
The Debunking Economics Podcast
What do central banks do?
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What do central banks do?

When central banks declare a new interest rate, how does that magic into existence? Steve explains. And what does their work do to the money supply?

When central banks declare a new interest rate, how does that magic into existence? Steve explains how they trade in bonds, to drive yields close to their target rate. If they are buying up bonds held by pension funds and the like, are they also adding to the money supply? Could that have more impact on the health of the economy than playing with intere…

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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