Would the entire global economy collapse if we told the truth about its books? Richard Murphy, chartered accountant and professor of political economy, joins me to expose the accounting trick sitting underneath GDP: the total absence of any concept of capital maintenance. Richard shows how modern accounting distinguishes profit earned through honest enterprise from profit as pure extraction, a distinction erased in law and economics alike, and how GDP rewards this extraction by counting oil spills, divorce settlements, and financial speculation as growth while ignoring the depletion of soil, skills, and the planet itself. We discuss how this same blindness let Ireland's economy be inflated by multinational tax flows into the 'leprechaun economy,' and how Keynes's defeated proposal for Bancor might have spared the world today's dollar-dependent or ...