Australian Labour Reduces Tax Incentives for Housing Speculators
The Australian Labor government announced sweeping tax reforms aimed at curbing property speculation. It has scaled back the negative‑gearing deduction and eliminated the 50% capital‑gains‑tax discount for established dwellings. The changes target long‑standing tax shelters that incentivize investors to bet on rising house prices. Officials say the measures will improve housing affordability and raise additional revenue for the budget.
Donald Trump as "the Canary in the Coal Mine"
The author likens Donald Trump to a canary in a coal mine, suggesting his reckless actions in the Middle East serve as an early warning of larger systemic threats. By drawing parallels between the war’s human cost and the looming...
Conditioned to Borrow, Not Save
Steve Keen and Phil Dobbie argue that global policy since the 1980s has deliberately tilted incentives toward borrowing rather than saving. They trace deregulation, tax breaks for mortgages and student loans, and ultra‑low interest rates as catalysts for a permanent...
Beating Inflation
In April 2026, economists Steve Keen and Phil Dobbie warned that double‑digit inflation has returned, driven not by overheated consumer demand but by a structural cost‑push shock. They pinpoint a sharp rise in energy prices, with Brent crude breaching $100...
More Central Bank Independence?
Bank of England Governor Andrew Bailey is urging a push for stronger central‑bank independence, arguing it will shield the institution’s price‑stability mandate from political interference. In a recent discussion, economist Steve Keen challenged this narrative, describing the prevailing monetary‑policy framework...
Energy - the AI Achille's Heel
In a recent "Debunking Economics" episode, Phil Dobbie and Professor Steve Keen argue that the AI boom is hitting an energy wall, as the sector’s soaring compute needs clash with a tightening global power supply. They trace the strain to...
The Looming Diesel Disaster
Australian policymakers have slashed diesel excise and GST in an effort to blunt rising fuel costs for households. The authors argue that the tax cuts provide only temporary relief while ignoring the deeper problem of dwindling diesel supplies and rising...
What Trump Doesn’t Want You to Know About the U.S Dollar Collapse
Steve Keen’s latest post warns that a looming U.S. dollar collapse is being obscured by political narratives, especially President Trump’s aggressive stance toward Iran. He argues that the war’s energy backdrop—rising oil prices and supply disruptions—undermines confidence in the greenback....
Compound Growth in a Finite World
Steve Keen and Phil Dobbie explore how compound interest fuels exponential economic growth while confronting the reality of finite planetary resources. They trace the historical condemnation of interest as usury across major religions and note its resurgence after the industrial...
Video on the Iran War
Economist Steve Keen has released a new video commentary on the Iran war, outlining its likely economic and geopolitical repercussions. He apologizes for recent posting gaps, citing a heavy workload and progress on his forthcoming book, "How Economists Will Destroy...
Paying for a War
The United States is projected to spend roughly $1.5 trillion on defense and offensive operations in 2026, a level that dwarfs most other fiscal priorities. Because the dollar is a sovereign currency, the Treasury can technically create money to fund this...
The (In)efficient Markets Hypothesis
A new video slated for 2 pm New York time argues that the Efficient Markets Hypothesis (EMH) is fundamentally flawed. It promotes the Inefficient Markets Hypothesis (IMH) pioneered by the late contrarian finance professor Bob Haugen. Haugen’s three books—*The New Finance*, *The...