The government has been talking as if it understood Keynesian economics, but its reaction to the $60 billion JobKeeper black hole shows they clearly do not think or act like Keynesians. Richard Denniss unpacks the spectacular failure of policy and accountability, as well as explaining what Keynesians economics actually means.Visit tai.org.au for our latest pandemic economic research and analysis // @theausinstituteHost: Ebony Bennett, deputy director of the Australia Institute // @ebony_bennettGuests: Richard Denniss, chief economist of the Australia Institute // @RDNS_TAIProducer: Jennifer Macey. Montage by Lucy LuoTheme music is by Jonathan McFeat from Pulse and Thrum

<div>The government has been talking as if it understood Keynesian economics, but its reaction to the $60 billion JobKeeper black hole shows they clearly do not think or act like Keynesians. Richard Denniss unpacks the spectacular failure of policy and accountability, as well as explaining what Keynesians economics actually means.</div><div>Visit <a href="https://nb.tai.org.au/pandemic_economics" target="_blank">tai.org.au</a> for our latest pandemic economic research and analysis // <a href="http://twitter.com/theausinstitute" target="_blank">@theausinstitute</a></div><div>Host: Ebony Bennett, deputy director of the Australia Institute // <a href="http://twitter.com/ebony_bennett" target="_blank">@ebony_bennett</a></div><div>Guests: Richard Denniss, chief economist of the Australia Institute // <a href="http://twitter.com/RDNS_TAI" target="_blank">@RDNS_TAI</a></div><div>Producer: Jennifer Macey. Montage by Lucy Luo</div><div>Theme music is by Jonathan McFeat from Pulse and Thrum</div><div> </div><div> </div>

Economics and politics explained in plain English

Economics and politics explained in plain English

Follow The Money

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Get all of the Australia Institute's podcasts in one feed.

Australia Matters

Economics, politics and policy explained in plain English.

Economics, politics and policy explained in plain English.

The government has been talking as if it understood Keynesian economics, but its reaction to the $60 billion JobKeeper black hole shows...

Black holes and Keynesians

US-Iran update

Lebanon, Europe & the Strait of Hormuz

Opposition within the United States

Implications for Australia

With President Trump spewing threats at friends and foes, the American government has gone off the rails.

On this episode of Follow the Money, Dr Emma Shortis and Ebony Bennett discuss Trump’s genocidal threats against Iran, his efforts to subvert US democracy, his administration’s growing isolation from long-time allies, and why it’s time for the Australian government to reassess its relationship with the United States.

This episode was recorded on Monday 13 April.

Guest: Emma Shortis, Director, International & Security Affairs, the Australia Institute // @emmashortis

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett

Show notes:

After America: Australia and the new world order by Emma Shortis, Australia Institute Press (May 2025)

Vance joyless as US-Iran negotiations fall apart, After America, the Australia Institute (April 2026)

Shorter America This Week: Ceasefire?; Madman theory; Group hugs in space by Emma Shortis, The Point (April 2026)

Theme music: Pulse and Thrum; additional music by Blue Dot Sessions

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.

With President Trump spewing threats at friends and foes, the American government has gone off the rails.
On this episode of Follow the Money, Dr Emma Shortis and Ebony Bennett discuss Trump&rsquo;s genocidal threats against Iran, his efforts to subvert US democracy, his administration&rsquo;s growing isolation from long-time allies, and why it&rsquo;s time for the Australian government to reassess its relationship with the United States.
This episode was recorded on Monday 13 April.
Guest: Emma Shortis, Director, International &amp; Security Affairs, the Australia Institute // <a href="https://bsky.app/profile/emmashortis.bsky.social">@emmashortis</a>
Host: Ebony Bennett, Deputy Director, the Australia Institute // <a href="https://bsky.app/profile/ebonybennett.bsky.social">@ebonybennett</a>
Show notes:
<a href="https://australiainstitute.org.au/store/after-america-vantage-point-issue-1">After America: Australia and the new world order</a> by Emma Shortis, Australia Institute Press (May 2025)
<a href="https://australiainstitute.org.au/post/vance-joyless-as-us-iran-negotiations-fall-apart/">Vance joyless as US-Iran negotiations fall apart</a>, After America, the Australia Institute (April 2026)
<a href="https://thepoint.com.au/news/260410-shorter-america-this-week">Shorter America This Week: Ceasefire?; Madman theory; Group hugs in space</a> by Emma Shortis, The Point (April 2026)
Theme music: Pulse and Thrum; additional music by Blue Dot Sessions
We&rsquo;d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to <a href="mailto:podcasts@australiainstitute.org.au">podcasts@australiainstitute.org.au</a>.

With President Trump spewing threats at friends and foes, the American government has gone off the rails.

US allies reassess as Trump undermines global security

There is no reason our societies can’t change radically, to produce more of what we need and less of the things that are sowing the seeds of our own destruction, says Yanis Varoufakis.

On this episode of Follow the Money, we bring you highlights from the recent Australian tour of economist and author Yanis Varoufakis, with contributions from a cast of very special guests. Across live events in Adelaide, Sydney and Melbourne, they discuss misogyny, political power, the erosion of Palestinian rights, and Yanis’ latest book, Raise Your Soul: A Personal History of Resistance.

Become an Australia Institute supporter today.

Guest: Yanis Varoufakis, economist & author // @yanisvaroufakis

Guest: Clare Wright OAM, Professor of History and Professor of Public Engagement, La Trobe University // @clarewrighthistorian

Guest: Randa Abdel-Fattah, Future Fellow in Sociology, Macquarie University // @RandaAFattah

Guest: Richard Denniss, co-Chief Executive Officer, the Australia Institute // @richarddenniss

Guest: Emma Shortis, Director, International & Security Affairs, the Australia Institute // @emmashortis

Guest: Louise Adler AM, former Director, Adelaide Writers’ Week

Guest: Leanne Minshull, co-Chief Executive Officer, the Australia Institute // @leanneminshull

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett

Show notes:

Raise Your Soul: A Personal History of Resistance by Yanis Varoufakis, Penguin Books (November 2025)

A Time for Bravery: What happens when Australia chooses courage?, Australia Institute Press (December 2025)

What’s the Big Idea? 32 Ideas for a Better Australia, Australia Institute Press (December 2024)

Naku Dharuk The Bark Petitions: How the People of Yirrkala Changed the Course of Australian Democracy by Clare Wright, Text Publishing (October 2024)

Discipline by Randa Abdel-Fattah, UQ Press (September 2025)

Theme music: Pulse and Thrum; additional music by Blue Dot Sessions

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au. Subscribe to Follow the Money on Apple Podcasts, Spotify, Pocket Castsor wherever you get your favourite podcasts.

There is no reason our societies can&rsquo;t change radically, to produce more of what we need and less of the things that are sowing the seeds of our own destruction, says Yanis Varoufakis.
On this episode of Follow the Money, we bring you highlights from the recent Australian tour of economist and author Yanis Varoufakis, with contributions from a cast of very special guests. Across live events in Adelaide, Sydney and Melbourne, they discuss misogyny, political power, the erosion of Palestinian rights, and Yanis&rsquo; latest book, Raise Your Soul: A Personal History of Resistance.
Become an <a href="https://nb.australiainstitute.org.au/donate">Australia Institute supporter</a> today.
Guest: Yanis Varoufakis, economist &amp; author // <a href="https://bsky.app/profile/yanisvaroufakis.bsky.social">@yanisvaroufakis</a>
Guest: Clare Wright OAM, Professor of History and Professor of Public Engagement, La Trobe University // <a href="https://www.instagram.com/clarewrighthistorian/">@clarewrighthistorian</a>
Guest: Randa Abdel-Fattah, Future Fellow in Sociology, Macquarie University // <a href="https://x.com/RandaAFattah">@RandaAFattah</a>
Guest: Richard Denniss, co-Chief Executive Officer, the Australia Institute // <a href="https://bsky.app/profile/richarddenniss.bsky.social">@richarddenniss</a>
Guest: Emma Shortis, Director, International &amp; Security Affairs, the Australia Institute // <a href="https://bsky.app/profile/emmashortis.bsky.social">@emmashortis</a>
Guest: Louise Adler AM, former Director, Adelaide Writers&rsquo; Week
Guest: Leanne Minshull, co-Chief Executive Officer, the Australia Institute // <a href="https://bsky.app/profile/leanneminshull.bsky.social">@leanneminshull</a>
Host: Ebony Bennett, Deputy Director, the Australia Institute // <a href="https://bsky.app/profile/ebonybennett.bsky.social">@ebonybennett</a>
Show notes:
<a href="https://www.penguin.com.au/books/raise-your-soul-9781529970210">Raise Your Soul: A Personal History of Resistance</a> by Yanis Varoufakis, Penguin Books (November 2025)
<a href="https://australiainstitute.org.au/store/a-time-for-bravery">A Time for Bravery: What happens when Australia chooses courage?</a>, Australia Institute Press (December 2025)
<a href="https://australiainstitute.org.au/store/whats-the-big-idea">What&rsquo;s the Big Idea? 32 Ideas for a Better Australia</a>, Australia Institute Press (December 2024)
<a href="https://www.textpublishing.com.au/books/naku-dharuk-the-bark-petitions-the-extraordinary-story-of-how-the-people-of-yirrkala-changed-the-course-of-australian-democracy">Naku Dharuk The Bark Petitions: How the People of Yirrkala Changed the Course of Australian Democracy</a> by Clare Wright, Text Publishing (October 2024)
<a href="https://www.uqp.com.au/books/discipline">Discipline</a> by Randa Abdel-Fattah, UQ Press (September 2025)
Theme music: Pulse and Thrum; additional music by Blue Dot Sessions
We&rsquo;d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to <a href="mailto:podcasts@australiainstitute.org.au">podcasts@australiainstitute.org.au</a>. Subscribe to Follow the Money on&nbsp;<a href="https://podcasts.apple.com/au/podcast/follow-the-money/id1078781512">Apple Podcasts</a>,&nbsp;<a href="https://open.spotify.com/show/0JOrvYNuhHOwaFuZ7PlW1d?si=e9265dc6a04d40b3">Spotify</a>,&nbsp;<a href="https://pocketcasts.com/podcast/follow-the-money/2aeecbb0-b36a-0133-2e57-6dc413d6d41d">Pocket Casts</a> or wherever you get your favourite podcasts.

There is no reason our societies can’t change radically, to produce more of what we need and less of the things that are sowing the seeds of our own destruction, says Yanis Varoufakis.

Yanis Varoufakis on misogyny, resistance and why everything could be different

Why oil prices are so high

Why some fuel stations have run low

Will Australia see fuel rationing?

Fuelling inequality

Australia's missed opportunities

Cutting the fuel excise

Taxing gas ISN'T a diplomatic risk

Petrol and diesel prices are sky high because of the illegal US-Israel war on Iran, but major fuel shortages in Australia are very unlikely. 

Matt Grudnoff and Ebony Bennett discuss Australia’s relatively strong position in global energy supply chains. Matt explains why some petrol stations have run low despite overall fuel supplies remaining steady, how the price hikes are fuelling inequality, and why Scott Morrison’s 2021 claim about an electric vehicle policy putting an “end to the weekend” now looks even more absurd than it did at the time.

This episode was recorded on Tuesday 31 March.

You can sign the Australia Institute’s petition calling on the federal government to make gas exporters pay their fair share.

Guest: Matt Grudnoff, Senior Economist, the Australia Institute // @mattgrudnoff

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett

Show notes:

Fuel costs and RBA hikes equal to a 90 basis point rate rise: 'this is brutal' by Greg Jericho, The Point (March 2026)

Fuelling inequality: The brunt of a global crisis should not be borne by people in poverty by Kristin O’Connell, The Point (March 2026)

The case for a gas export tax, explained by Richard Denniss, The Point (March 2026)

Theme music: Pulse and Thrum; additional music by Blue Dot Sessions

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au. Subscribe to Follow the Money on Apple Podcasts, Spotify, Pocket Castsor wherever you get your favourite podcasts.

Petrol and diesel prices are sky high because of the illegal US-Israel war on Iran, but major fuel shortages in Australia are very unlikely.&nbsp;
Matt Grudnoff and Ebony Bennett discuss Australia&rsquo;s relatively strong position in global energy supply chains. Matt explains why some petrol stations have run low despite overall fuel supplies remaining steady, how the price hikes are fuelling inequality, and why Scott Morrison&rsquo;s 2021 claim about an electric vehicle policy putting an &ldquo;end to the weekend&rdquo; now looks even more absurd than it did at the time.
This episode was recorded on Tuesday 31 March.
You can <a href="https://nb.australiainstitute.org.au/gas_export_tax_b">sign the Australia Institute&rsquo;s petition</a> calling on the federal government to make gas exporters pay their fair share.
Guest: Matt Grudnoff, Senior Economist, the Australia Institute // <a href="https://bsky.app/profile/mattgrudnoff.bsky.social">@mattgrudnoff</a>
Host: Ebony Bennett, Deputy Director, the Australia Institute // <a href="https://bsky.app/profile/ebonybennett.bsky.social">@ebonybennett</a>
Show notes:
<a href="https://thepoint.com.au/news/260326-fuel-costs-and-rba-hikes-equal-a-90-basis-point-rate-rise-this-is-brutal">Fuel costs and RBA hikes equal to a 90 basis point rate rise: 'this is brutal'</a> by Greg Jericho, The Point (March 2026)
<a href="https://thepoint.com.au/opinions/260331-fuelling-inequality-the-brunt-of-a-global-crisis-should-not-be-borne-by-people-in-poverty">Fuelling inequality: The brunt of a global crisis should not be borne by people in poverty</a> by Kristin O&rsquo;Connell, The Point (March 2026)
<a href="https://thepoint.com.au/explainers/260323-the-case-for-a-gas-export-tax-explained">The case for a gas export tax, explained</a> by Richard Denniss, The Point (March 2026)
Theme music: Pulse and Thrum; additional music by Blue Dot Sessions
We&rsquo;d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to <a href="mailto:podcasts@australiainstitute.org.au">podcasts@australiainstitute.org.au</a>. Subscribe to Follow the Money on&nbsp;<a href="https://podcasts.apple.com/au/podcast/follow-the-money/id1078781512">Apple Podcasts</a>,&nbsp;<a href="https://open.spotify.com/show/0JOrvYNuhHOwaFuZ7PlW1d?si=e9265dc6a04d40b3">Spotify</a>,&nbsp;<a href="https://pocketcasts.com/podcast/follow-the-money/2aeecbb0-b36a-0133-2e57-6dc413d6d41d">Pocket Casts</a> or wherever you get your favourite podcasts.

Petrol and diesel prices are sky high because of the illegal US-Israel war on Iran, but major fuel shortages in Australia are very unlikely. 

Black holes and Keynesians

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