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Today on The Econoclasts, Yanis Varoufakis and Wolfgang Munchau shatter the myth that the Chancellor must always defer to the “experts” at the Bank of England, and expose the billions in controversial payments the Treasury makes to commercial banks. From debunking the “sausage machine” of economic models to debating whether a National Investment Bank or libertarian deregulation is the cure for Britain’s stagnation, Yanis and Wolfgang reveal why Rachel Reeves is paralyzed by a crisis of her own choosing.
The Econoclasts is the podcast from UnHerd in which Yanis Varoufakis and Wolfgang Munchau each week pick pillars of the economic orthodoxy – so-called ‘settled facts’ – and shatter them. Why? Because, while they don’t always agree politically, they’re united in one conviction: the consensus is rotten and the establishment’s model is failing.