"Housing, banking, and MMT" with Alan Kohler

In a nation grappling with expensive housing, our lives are dominated by banks. Social mobility is no longer a function of hard work but a question of how much cash you can borrow from your parents.Economic policy has played a central role in shaping these undesirable outcomes but it can be hard to understand how this works. That’s where Alan comes in.Alan Kohler has been helping ordinary punters understand finance and the economy for over five decades. He joins Sam to unpack his writing – The Great Divide: Australia’s Housing Mess and How to Fix It (2023), and It’s Your Money: How Banking Went Rogue, Where it is Now and How to Protect and Grow Your Money (2019).While they’re at it, they pause to wrestle with some of the mind-bending questions raised by Modern Monetary Theory. Are we being lied to about the national budget? Do government deficits matter? Get full access to Concept Economy at samkellahan.substack.com/subscribe