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Banks, Ponzi Schemes, and Bubbles

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Banks, Ponzi Schemes, and Bubbles

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Banks, Ponzi Schemes, and Bubbles
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.

3 comments

  1. It is dissapointing that the real estate title transfer tax ballot initiative failed in Chicago.

  2. Glad to see you on George's Gammon's show. Take care my friend. Your french Bordeaux friend.

  3. @GhostOnTheHalfShell

    Private Equity is a huge driver of price inflation. They buy up enough of specific markets to control prices, which they are actively doing. Beyond this, an economic school that relies on mendacity as its method of persuasion, and whose policy advice just happens to aid wealth consolidation, deserves slightly more charged characterization. Every economic downturn has bloated the wealth and power of the very richest people. Guess who pays for politicians? It's not banks.

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