The Ty Keynes Podcast

The MONIAC (Monetary National Income Analogue Computer), also the Phillips Hydraulic Computer and the Financephalograph, was created in 1949 by the New Zealand economist Bill Phillips to model the national economic processes of the United Kingdom, while Phillips was a student at the London School of Economics (LSE). The MONIAC is an analogue computer which used fluidic logic to model the workings of an economy. The MONIAC name is suggested by associating money and ENIAC, an early electronic digital computer.https://patreon.com/tykeyneshttps://tykeynes.comhttps://twitter.com/tykeyneshttps://youtube.com/@tykeynes Hosted on Acast. See acast.com/privacy for more information.

Government spending refers to the total amount of money that a government allocates and disburses to fund various public programs, services, and activities. It is a crucial component of a nation's fiscal policy and plays a significant role in shaping the economy, supporting public welfare, and achieving the government's policy objectives.https://patreon.com/tykeyneshttps://tykeynes.comhttps://twitter.com/tykeyneshttps://youtube.com/@tykeynes Hosted on Acast. See acast.com/privacy for more information.

Universal Basic Income (UBI) is a socioeconomic concept and policy proposal aimed at addressing issues of economic inequality and providing financial security to all members of a society. At its core, UBI involves the unconditional and regular distribution of a fixed amount of money to every individual, regardless of their employment status, wealth, or other factors. The fundamental idea behind UBI is to ensure that everyone has access to a baseline level of income, which can help meet their basic needs such as food, shelter, and healthcare. Proponents of UBI argue that it can alleviate poverty, reduce income disparities, and provide a safety net in the face of automation and economic shifts. However, the concept also sparks debates around its feasibility, potential impact on work incentives, and the overall restructuring of social welfare systems.https://patreon.com/tykeyneshttps://tykeynes.comhttps://twitter.com/tykeyneshttps://youtube.com/@tykeynes Hosted on Acast. See acast.com/privacy for more information.

How does money move and get debited and credited across international borders, and how is this being used against Vladimir Putin to stop his invasion of Ukraine.https://patreon.com/tykeyneshttps://tykeynes.comhttps://twitter.com/tykeyneshttps://youtube.com/@tykeynes Hosted on Acast. See acast.com/privacy for more information.

I've tried to stay out of political topics on the podcast, that said it's hard to deny that the recent indictments of Donald Trump are not going to have an effect on economics.https://patreon.com/tykeyneshttps://tykeynes.comhttps://twitter.com/tykeyneshttps://youtube.com/@tykeynes Hosted on Acast. See acast.com/privacy for more information.

I really appreciate Modern Monetary Theory, and it's leading academics that are pushing it along, but when it's common advocates get the messaging wrong, it's an impediment to it gaining traction in the mainstream media.https://patreon.com/tykeyneshttps://tykeynes.comhttps://twitter.com/tykeyneshttps://youtube.com/@tykeynes Hosted on Acast. See acast.com/privacy for more information.

Behavioral economics is a branch of economics that investigates the impact of psychological, cognitive, and emotional factors on individual decision-making and economic outcomes. Unlike traditional economics, which assumes rationality and perfect decision-making, behavioral economics recognizes that human choices are often influenced by biases, heuristics, and social factors. By integrating insights from psychology and economics, behavioral economics provides valuable explanations for real-world economic phenomena, such as consumer choices, investment decisions, and market dynamics. It has become a crucial tool in understanding and predicting economic behavior, and its findings have profound implications for policymaking, improving market efficiency, and designing interventions that nudge individuals towards better outcomes.https://patreon.com/tykeyneshttps://tykeynes.comhttps://twitter.com/tykeyneshttps://youtube.com/@tykeynes Hosted on Acast. See acast.com/privacy for more information.

The economics of oil is a complex and significant aspect of the global economy. Oil, a non-renewable fossil fuel, has been a crucial commodity for centuries, powering transportation, industry, and numerous other sectors.Related blog post: https://www.tykeynes.com/bloghttps://patreon.com/tykeyneshttps://tykeynes.comhttps://twitter.com/tykeyneshttps://youtube.com/@tykeynes Hosted on Acast. See acast.com/privacy for more information.

I have often been accused of "sleeping around" with different economic schools of thought, truth is, what I really follow might just shock you.https://patreon.com/tykeyneshttps://tykeynes.comhttps://twitter.com/tykeyneshttps://youtube.com/@tykeynes Hosted on Acast. See acast.com/privacy for more information.

Private credit took a drop in the latest data out of the US, what does this mean? Are we headed for something bad, or is it just another blip in the road of never ending economic growth?https://patreon.com/tykeyneshttps://tykeynes.comhttps://twitter.com/tykeyneshttps://youtube.com/@tykeynes Hosted on Acast. See acast.com/privacy for more information.

In the realm of economics models are often employed to understand and predict complex economic phenomena. However, it is crucial to recognize that economic models differ significantly from the conventional scientific models used in the natural sciences. Related blog post: https://www.patreon.com/posts/economic-grinds-85640845https://patreon.com/tykeyneshttps://tykeynes.comhttps://twitter.com/tykeyneshttps://youtube.com/@tykeynes Hosted on Acast. See acast.com/privacy for more information.

What are banks? Are they just like normal corporations, or are they something different. Why do they operate? Is it for you and I, or is there something else.https://patreon.com/tykeyneshttps://tykeynes.comhttps://twitter.com/tykeyneshttps://youtube.com/@tykeynes Hosted on Acast. See acast.com/privacy for more information.

Many things have changed since the spring of 2020 throughout the structure of our economic system. How have we adapted, what have we learned, and was it a test for something bigger in the future?https://patreon.com/tykeyneshttps://tykeynes.comhttps://twitter.com/tykeyneshttps://youtube.com/@tykeynes Hosted on Acast. See acast.com/privacy for more information.

Who is Bob Murphy, and what is Austrian economics? I try to keep this podcast serious, but Bob and his boys are straight up a parody of economic thought.https://patreon.com/tykeyneshttps://tykeynes.comhttps://twitter.com/tykeyneshttps://youtube.com/@tykeynes Hosted on Acast. See acast.com/privacy for more information.

Food insecurity will be one of the biggest if not the biggest issue humanity faces in the 21st century, climate change will worsen this issue no doubt. However though climate change will be catastrophic to our food supply the underlying issue will be resource depletion. See related bog post here: https://www.patreon.com/posts/global-food-84169329https://tykeynes.comhttps://patreon.com/tykeyneshttps://youtube.com/@tykeyneshttps://twitter.com/tykeynes Hosted on Acast. See acast.com/privacy for more information.

There are more theories then one can count on ten fingers on two hands, let's get to the root cause of what the business cycle is and if we can smooth it out. Here is a related blog post I did on the subject: https://www.patreon.com/posts/revisiting-cycle-83725708https://tykeynes.comhttps://patreon.com/tykeyneshttps://youtube.com/@tykeyneshttps://twitter.com/tykeynes Hosted on Acast. See acast.com/privacy for more information.

Can government stabilizers smooth the business cycle, in this episode I look at how the Job Guarantee and Universal Basic Income compare and a third option as well. This also relates to a recent blog post I made here: https://www.patreon.com/posts/would-planned-83359019https://tykeynes.comhttps://patreon.com/tykeyneshttps://youtube.com/@tykeyneshttps://twitter.com/tykeynes Hosted on Acast. See acast.com/privacy for more information.

Don't be fooled by productivity, we can't innovate our way out of the current dilemma of a changing climate. So what can we do to move forward as a species? Hosted on Acast. See acast.com/privacy for more information.

What is inflation, how is it caused, and what is supply and demand. Hosted on Acast. See acast.com/privacy for more information.