Was austerity the biggest economic mistake of our generation? Cahal Moran is an economist and host of the YouTube channel Unlearning Economics. His latest book is 'Why We’re Getting Poorer' ( https://amzn.eu/d/0cNLJJDO ). 🤝 Want 1:1 financial help from us? Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes 🎉 Sponsors Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney Xero accountancy software - get 90% off for 6 months: https://referrals.xero.com/makingmoney - If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - What Economists Get Wrong 03:29 - Austerity 10:48 - Luxuries Cheap, Essentials Expensive 13:05 - Politics in Economics 18:07 - Xero Ad 19:20 - Inflation 26:05 - Should We Copy Germany? 33:18 - Vanta Ad 34:30 - Regional Inequality 42:03 - How To Pay For Public Services 44:30 - Modern Monetary Theory 54:16 - Spending That Pays For Itself 01:00:47 - The One Thing To Take Away