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This common belief is nonsense

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This common belief is nonsense

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Steve Keen considers the following as important:

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This common belief is nonsense
Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

10 comments

  1. Except the huge amount of debt the government has put itself into. That's what the future generations will be forced to pay off, what we are paying off right now with constantly increasing taxes and inflation.

  2. The problem is wasteful spending and under table deals for politicians. They'll spend the future's dollar to make a penny today.

  3. Gerard Mazzarese

    I am burdened by past spending. Prices are out if cintrol. The Future economy will by trashed.

  4. At the rate the world is going on now you don't have to worry about any future Generations we'll be lucky if we get through this one

  5. It's wasteful spending that costs future generations…

  6. No way. That’s crazy thinking. I think it’s better to waste billions to make sure idiot politicians get re-elected

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