Want to create an interactive transcript for this episode?
Podcast: The DemystifySci Podcast
Episode: Economics Has Lost Touch with Reality (Part 1) - Steve Keen & Bob Murphy, DemystifySci #384
Description: Today's episode opens with a quiet charge, Murphy & Keen circling the walls of money to see what’s solid and what’s only painted there. Our two very different economists argue over whether banks summon credit from nothing or simply pass along what was saved, each holding a different candle to the same dark machinery. As the conversation rolls, the familiar ghosts of failed forecasts and brittle theories drift about, reminding us how easily economics slips away from the world it tries to explain. By the end, it feels like a steady march through the uneasy heart of the fina...