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. 

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. 

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. 

How does money get debited and credited across international borders, and how is this being used against Vladimir Putin to stop his invasion of Ukraine. 

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. 

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. 

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.

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/blog 

I have often been accused of "sleeping around" with different economic schools of thought, truth is, what I really follow might just shock you. 

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? 

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. 

What are banks? Are they just like normal corporations, or are they something different. Why do they operate? Is it for society, or is there something else. 

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? 

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. 

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-84169329