Garys Economics
Gary Stevenson, an inequality economist, former trader, and author of The Trading Game, explains how real world economics work in this podcast.
Episodes
The only way to cut your taxes is to raise tax. Here's why
More and more of what you pay in tax goes on government debt interest, rather than funding public services. As this national debt grows, taxes on working people will increase even further –and public services will continue to get worse. How do we stop this? Help us tax wealth not work: join our Patreon.Chapters(00:00) Intro(01:59) Low or high taxes? (03:08) Government wealth(07:08) Why your public
What would an HONEST debate about a wealth tax look like?
TV and radio debates about wealth taxes usually get derailed by fear mongering and terrible statistics – often from people who are paid to defend the ultra rich. What would an honest debate about wealth inequality and taxing the rich more actually look like?LINKSMy Channel4 Documentary here.The Big Issue edition here.My website that explains What is Wealth and Inequality here.Video series: What is
Why you should watch my documentary that's out this week
Weds 8 July 9pm: when my new documentary will air on Channel 4 in the UK. We'll also put it out on this Youtube channel from Sunday 12 July. x
Do bond markets control the government?
The UK and other governments owe a huge amount of debt, mostly to the rich, known as bonds. Changes in interest rates on these bonds can cause economic and political crises, as happened with Liz Truss. Gary explains how to understand these bond markets – and whether we can take back control from them.
Elon Musk is the world's first trillionaire. How scared should you be?
If unstopped, the trillionaires will eventually have no choice but to take everything from you, your children and your grandchildren. Here's how it happens (and how to stop them).TAX WEALTH NOT WORK tshirt: https://shop.garyseconomics.org/CHAPTERS(00:00) Intro(00:21) What is a trillion?(03:03) What does Musk own?(06:56) Should you be worried?(13:00) They will own everything(16:27) Victorian le
Why does The Economist hate wealth taxes?
The intelligentsia are going all-in against wealth taxes. Are they just trying to mislead us, or do they have valid criticisms? Get TAX WEALTH NOT WORK t-shirt and stickers – https://shop.garyseconomics.org/CHAPTERS(00:00) Intro(00:55) Are we a meritocracy or an inheritocracy?(06:53) Inheritance tax vs wealth tax(12:27) Would it deter innovation?(18:52) Taxing the most productive people(21:07) The
A wealth tax in the UK is becoming unavoidable
Are we about to get a new Prime Minister in the UK? The change in leadership may be the best chance we've ever had of winning wealth taxes in this country. And it could be a blueprint for other countries around the world.Chapters(00:00) Intro(00:36) UK situation(02:18) Who will be the new Prime Minister in the UK?(03:41) A poisoned chalice?(07:57) Strong position to get wealth taxes(11:13) I w
Why Jeff Bezos wants to cut your taxes
The world's fourth richest wants your taxes cut to 0. Why did he say this last week – and should we believe him?T-SHIRT: get the Tax Wealth Not Work t-shirt https://shop.garyseconomics.org/ Chapters(00:00) Intro(02:43) Why Bezos wants lower tax(06:34) His real argument(09:12) How they distract you(12:51) They think you’re stupid(14:04) Tax wealth not work(16:59) “Everyone hates government”(21:
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman
Gabriel Zucman is the most important economist in the world today. And the one billionaires fear most. His wealth tax proposals have passed France's lower chamber of parliament – and will likely be signed into law in the coming years. Here's his advice for how we can tax the super rich more in the UK and other countries.CHAPTERS(00:00) Intro(02:57) Who is Gabriel Zucman?(07:14) Why univers
This is the only way to stop the far right from taking power in your country
Parties like Reform have a clear message on why living standards are collapsing. And this is why they're growing. If you want to stop them you have to reverse falling living standards.Chapters(00:00) Intro(02:21) Falling living standards are driving this(07:38) What’s happening in the UK?(09:19) Left and Centre need to unite(15:41) This is the last chance(17:14) You need to act now(21:25) Lear
Why do asset prices keep going up?
Global stock markets are at all time highs. Gold has doubled and silver tripled in the last two years alone. What's behind these moves? Shouldn't economic crises like Iran be pushing asset prices down? Is now a good time to invest?(00:00) Intro(01:34) Global asset prices(03:45) How 2008 crisis pushed prices up(09:00) Do interest rates matter?(10:24) What COVID did(13:00) WHY asset prices g
Will elections this week bring down the Prime Minister?
Elections in the UK this week may change everything. With prediction markets saying Labour are facing wipeout, is Sir Keir Starmer about to resign? Who will take over? And what does that mean for the next general election? Gary sets out his predictions for the next week, year and 10 years in British politics. Help us get a lobbyist: join our Patreon or make a one-off donation.Chapters(00:00) Intro
Will AI destroy the economy?
Help build our political power by supporting us on Patreon – https://patreon.com/garyseconomicsWill AI make us all richer and more productive, or steal our jobs and impoverish us? The Industrial Revolution gives us clues about what could be about to happen.(00:00) Intro(04:58) Will AI decrease wages?(06:19) Will AI increase wages?(13:00) Luddites (16:17) The Industrial Revolution(24:50) Who profit
Have I been wrong on the economy this whole time?
Help us grow this channel by joining our Patreon – https://patreon.com/garyseconomicsThe elite think my economic analysis is wrong. They say wealth taxes are not the solution – and growing inequality isn't the biggest problem we face. But are they right? And have I been wrong the whole time?Chapters(00:00) Intro(01:12) What Rory Stewart said about me(04:04) Why people attack me(07:24) Who is a
UK politics has broken a 200 year trend. Here's what happens next
UK and European politics have been dominated by centrist parties for hundreds of years. This is now changing rapidly. A recent election in Manchester shows us what might be about to happen across the UK, Europe and the rest of the world.Chapters(00:00) Intro(01:36) Betting market predictions(15:40) Who is going to win the next UK election?(17:31) 200 years of British politics is over(20:20) This i
The Iran economic shock is coming. How to protect yourself
A massive energy crisis is heading our way from Iran and the Gulf. What can the government do to protect us? Can you do anything to protect yourself? Gary unpacks the economic consequences of the war.CHAPTERS (00:00) Intro(00:59) The basics(01:56) Interest rates(03:42) Government borrowing(04:59) What it means for you(06:01) How to you protect yourself(13:05) What can the government do?(17:25) Dri
Are we living through a new Victorian era?
Understanding the past can help you shape the future. In the Victorian era technological innovation created massive new wealth, but it was concentrated in the hands of the few. Can we change things NOW to avoid the same desperate poverty most Victorians lived and died in?JOIN OUR PATREONGET MERCH –––––––––What I talk about in this episode:(00:00) Intro(01:50) Ghosts of Christmas Past(06:00) Techno
Is this Budget the end of UK democracy?
Gary's back for one episode only. Here's what the UK Budget next week means for you, the economy and democracy.CHAPTERS(00:00) Intro(1:04) Raising taxes(04:30) UK government debt situation(09:12) Transfer of wealth to rich(13:22) Why aren’t they taxing the rich?(18:40) The elites don’t care(26:00) The death of democracy(28:32) What do you do?(31:15) Hope(33:08) Know your history(36:41) Help me get
Goodbye and Good Luck
I'm wrapping things up for now. I'll be back in a few months.These are the other channels and orgs I think you should follow:Patriotic Millionaires UK's X Bold Politics with Zack Polanski's YoutubeJimmyTheGiant's Youtube Meditations of an Anxious Mind's YoutubeForest Jar's Insta Anna Bocca's YoutubeBarry's Economics's YoutubeLouisa Munch's TiktokNovara M
Is the Labour government finished?
Labour refuse to acknowledge and deal with the rising tide of inequality in the UK. Will this doom them to fail, or can we get through to them?👕 TAX WEALTH NOT WORK t-shirt: https://shop.garyseconomics.org/(00:00) Intro (03:20) How they view the world(10:00) Why they won’t listen to me(24:20) They’re stuck in a bubble(26:50) Reform are the reckoning(30:35) Is Labour doomed to fail?(32:12) My messa
Are Labour unlucky (or are they just rubbish)?
Is the Labour government failing to change anything because of bad choices – or because the economic situation makes them powerless to act?👕 TAX WEALTH NOT WORK t-shirt available here: https://shop.garyseconomics.org/––––––––What Gary talks about in this episode:(00:00) Intro(01:13) Labour just unlucky?(04:22) Could they have fixed it?(06:50) Are they incompetent?(08:30) The centre is failing glob
The first politician on Gary's Economics
Is the UK unique in its housing crisis and expanding wealth inequality? How can we win a wealth tax? How do you convince working people to get behind green policies?Gary meets MP and co-leader of the New Zealand Green Party Chlöe Swarbrick. (00:00) Intro(02:01) Who is Chloe Swarbrick?(05:43) New Zealand’s economy(10:00) Wealth inequality in NZ(14:24) Wealth taxes globally(15:35) How do we win?(20:
Will Reform win the next UK election?
The next four years in British politics will be turbulent. Here is what the markets are predicting. And what I think will happen.(00:00) intro(00:15) What are the odds?(04:15) Is the betting market wrong?(06:20) Trend to populist right(07:49) Labour’s position(09:05) Will Keir Starmer be replaced?(09:42) Labour will rebrand(11:35) How Labour could win(13:35) Labour and immigration (14:23) Can the
How to be the best trader in the world
I made millions of pounds betting on economic destruction. Here's how I did it. How you could do it too. But also why it doesn't matter if your aim is to change anything politically.(00:00) Intro(03:14) Trading is economic forecasting(09:30) Being right when others are wrong(15:45) Identify one thing people are wrong about(17:15) Why I love trading(19:03) What good traders do(21:41) I don’
Storytelling is how you win in politics now. This is why the far right is winning
In times of crisis people are desperate for stories to explain why their lives are getting worse. This is why storytelling is the most important – but most ignored – aspect of politics right now. The far right offer a simple story, repeated over and over: it's the immigrants. The Trumps and Farages of the world are surging on the back of this simple, effective storytelling. What can liberals and t
Is a wealth tax actually workable?
We're winning the wealth tax argument in the media: more and more people support the idea. But what would a wealth tax actually look like and would do we implement it? Is it even workable?
Why our obsession with money is keeping us poor (and why changing interests rates won't make us richer)
The economy is made up of real resources, and the people who produce and own them. Money is different. Money is supposed to represent these real things, but it often fails to. Focusing too much on money – and interest rates and monetary policy – blinds us to how the economy actually works. Gary explains why this is so important if we want to change anything.–––––––––––Support us: we're making prog
Is the economy destroying our mental health?
Worsening mental health outcomes are often spoken about as if they are the fault of the individual, but is insecure mental health a natural outcome of an insecure economy?And does the feedback work both ways - insecure economies cause people to be scared, easily manipulated, and individualistic, which prevents ordinary people from uniting and fighting back as a class?Also a little on my own histor
How to convince your friends, family and networks to support wealth taxes. A step-by-step guide
The rich will take everything unless we start taxing them more. A wealth tax is the best way to do this. But we need to win over the public, and dispell some of the common pushbacks. Here's how to do it.(00:00) Intro(00:48) Massive oppurtunity(02:29) How to explain my message to your friends and family(02:43) Point 1: Don't be a dick(04:00) People are scared(08:06) Point 2: Understanding and educa
They're about to tax you more. Why western governments will soon hammer you with tax rises
The UK government will be forced to raise taxes in October to avoid financial instability. Who they choose to tax at this next Budget will beat a path for other Western governments facing the same problems. Here's what they're planning – and why it could be the beginning of the end for the middle class.Other episodes mentioned by Gary: 'The Squeeze out' AKA Why Labour is crushing y
How to take over your country using social media
Alt right political movements have proven they take power using social media. Gary walks us through how we can use their rulebook to get what we want in our countries.Chapters:(00:00) Introduction(02:26) Social media's power in politics(05:05) The WWF model(07:01) Economic inequality(08:08) Build a platform(17:49) The power of social content creation(26:12) Use the traditional media(30:36) You
How do we fix the housing crisis?
Why are house prices in the UK so high? Here's how we can make housing affordable for ordinary people again.What I discuss in this episode:(00:00) Intro(01:26) Why every city in the world has a housing crisis(04:00) Understand that housing is an asset like shares, bonds, commodities(07:40) Economists miss why assets are going up11:55 How rich people push up asset prices (and house prices)(14:1
This is how we stop the UK from falling apart
The UK's political and economic situation is grim, caused by growing wealth inequality and mass impoverishment. Gary has one message for the Labour government: a wealth tax could start to reverse the situation – and prevent the collapse of our society. He also has message for anyone tempted to vote for Reform (spoiler: stopping immigration won't fix the problem).In this first episode after
How close are we to winning higher taxes on the rich?
In this last video before a break, Gary asks: just how close we are to convincing the government to tax the rich more? And reveals whether he's inviting Labour onto the channel or not. And discusses why the press have been attacking him. And explains where he's going exactly.
The week Trump nearly crashed the world economy
The world just went totally mad. Here's what it means.
They're teaching economics wrong – full interview with Ha-Joon Chang
Ha-Joon Chang is best selling author of '23 Things They Don't Tell You About Capitalism'. If you want to understand how our economic system is failing us, this is the economist to study.
Special: Can tariffs make us rich? With Ha-Joon Chang
In the past, some countries – like South Korea, Britain and the US – have used tariffs to protect and foster nascent industries, and grow rich from the results. Can America's current experiment with protectionism work out the same way?Full conversation with Ha-Joon Chang out this Sunday.
Why Labour is crushing your living standards
Behind the dry statistics of the Spring Statement is a bleak reality. The Labour government is doing austerity 2.0 in the UK. Here's why – and what you can do about it.
Labour want to come on Gary’s Economics, should I let them?
We've been approached by some Labour MPs who want to come on the channel – should we let them? Let us know in the comments.
How to stop the economy from collapsing
The problem is the rich are taking everything – and the rest of us are being impoverished. But what's the solution, and how do we achieve it?
Why isn't compound interest making us all rich?
Just let your wealth compound over time and you'll get rich, the advice goes. If true, why aren't more people millionaires?
Understand the Economy Part 4: Inequality is driving everything
This one central idea has enabled me to correctly predict the cost of living crisis and collapse in living standards since 2008 – as well as stock market rallies. Part 4 of Gary's Understand the Economy course.
Who's getting rich from your mortgage?
Who actually ends up with that mortgage payment you make every month? Spoiler: it's not the bank.
Why the UK and US governments will both fail.
Starmer (in the UK) and Trump both face the same problem – and neither have a solution.
Why is the alt-right so attractive to young men? With Jimmy the Giant
Gary talks to Jimmy the Giant – and how he realised the far-right have no answers.
How to stop the rich from taking your house
A house or a flat is the biggest asset most people will ever own. And prices will go up. But if the rich are taking everything else away, does owning a house really protect you from becoming poor?
How very rich and powerful people think. What I learnt at Citibank
Gary talks about what happened when he tried to leave Citibank. What can we learn about how rich and powerful people operate, what they want – and how we can win the game?
Understand the Economy Part 3: Why is Inequality Ignored?
Wealth inequality is surging in the UK and around the world. But economists in the media and universities are blind to it, leading to poor and misleading analysis. Why?Part 3 of Gary's Understand the Economy course.
What does Elon Musk want?
And why he is funding anti-immigrant parties.
Is the UK government bankrupt?
UK government borrowing costs spiked on Thursday with a panic in the bond markets, and the pound fell. Are we facing a new Liz Truss moment? Gary filmed an emergency video to address what's going on.
Everything You've Missed on the Economy
Updating you on what's happened over the past 6 months. And what'll happen in 2025.
I'm back. Here's What We're Doing in 2025
I've been away but we're going to try to change things in 2025.
Support Gary's Economics on Patreon.
How to live in a collapsing economy
Everyone basically knows the economy is broken. The question is less and less how do we fix it, but how do we get through it. Gary talks to Robinson College, Cambridge.
What's next for me and this podcast?
An update from Gary.
Understand the Economy Part 2: What Is Wealth Inequality?
My in-depth course to help you understand the economy. PART 2 What Is Wealth Inequality?
Was I right? My predictions 4 years on
This channel started 4 years ago today. Which of my predictions came true?
Will the rich leave the UK if you tax them more?
"They'll leave" is the most common response in the media if you suggest a wealth tax. But will they?
Understand the Economy Part 1: What is wealth?
Introducing my new course on economics: PART 1 What is Wealth?
The issue I've been avoiding: immigration
Immigration isn't the biggest problem facing working class people. Don't believe the media.
This is how I'm going to vote in the election
There's an election coming up, and the tories are going to lose. But don't get too excited, because I don't have much hope in Labour either. Here are my thoughts.
How do we really grow investment in the UK?
Are investments from rich people helping our economy to grow?
I want you to pay less tax
Taxes pay for everything important. But I want the rich to pay more and you to pay less.
Rishi Sunak's taxes – the real story
The rich own everything, but they hide it in their tax returns.
Inflation will start falling. But your finances will still suck
Don't believe the media hype: inflation will fall but it won't make a big difference to your life.
The government should tax the super rich and burn the money. Here's why
You could tax and burn the £700 billion given out in Covid and living standards would improve.
You may not have noticed but your wages are falling
Compared to real assets like property, food and energy, wages in the UK have collapsed in the last 20 years – and it's accelerating.
Is passive income the answer?
Want to live a life of luxury and never work again? Passive income might be the answer (disclaimer: you have to own £ millions of assets first)
Why economic "growth" is stupid – and won't fix our problems
Growing the economy while inequality is surging will just make the rich even richer.
How to get rich
Gary explains how you can get rich.
Small towns and highstreets are dying because of growing inequality
How's your local high street doing? This is how inequality is reshaping our country.
They're not measuring inflation properly
Inflation has been high on the news agenda due to the cost of living crisis. When you see people talking about inflation they'll almost always be talking about the rising costs of things you buy in the shops, which is retail price inflation or consumer price inflation. But what about asset price inflation? Assets have been going up for years, and faster than goods and services, so why is that
Why the rich keep getting richer
If you look back across history, you find that inequality is the norm. After the second world war that changed, and there was a period of rising equality across the west. But rising inequality is back, unless we do something about it.
Why are taxes so high?
Taxes are set to reach all time highs. But if this is the case, why is the government so bankrupt? And why are public services collapsing? In this video I explain why.
How we can reverse the decline of our economy
The problem is ballooning wealth inequality. But what is the solution?
Why Game Theory is broken
Economists have gotten game theory wrong for seventy years. Here's why.
This is how you'll lose your house
Middle class families are getting poorer generation by generation. And the trend is accelerating.
Rents, profits and interest are all the same thing. Here's why
Understand this and you'll understand how our economy really functions.
The future of house prices
Gary explains how to understand interest rates – and how these influence house prices.
My economic outlook: house prices, inflation and living standards
Gary analyses the economy over the past 6 months. And what he expects to happen next.
How I lost faith in the economists who run the economy
Economists in central banks, government, universities and the media have done a phenomenally poor job of managing the economy over the last 20 years. Gary explains why he thinks that is.
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