Steve Keen’s Debt Watch

"The numbers scream at you that private debt and credit are truly significant to determining economic activity, and the mainstream, like Paul Krugman and Ben Bernanke, ignore it completely." -- Join ~10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com Are you an engineer, finance, or IT professional? If you are, the 7-Week Rebel Economist Challenge is for you. If you qualify, I will work closely with you every week to...

Debt Fuels Economic Chaos.

Economic Survival Depends On This

Economists Misunderstand Financial Crisis.

Debt Forgiveness: The Only Solution?

Debt and Delusion: A Dangerous Cycle.

Debt Crisis: The Ultimate Government Strategy.

Contrary to popular belief, financial crises are not unpredictable black swan events. Mainstream economists love to paint them as rare and unforeseeable. But the reality is far different. Ignoring private debt and its bubbles leads to economic downturns. Take the 2007 housing crisis. It wasn't a bolt from the blue. It was a ticking time bomb. Private debt levels were skyrocketing, yet mainstream economists like Ben Bernanke were blissfully unaware. They were busy admiring...

Reducing private debt is crucial for economic stability. Yet, mainstream economists like Paul Krugman and Ben Bernanke seem to think otherwise. They argue that debt doesn't matter because one person's debt is another person's asset. This belief is fundamentally flawed. Why? Because it ignores the reality of debt dynamics. When households are drowning in debt, they cut back on spending. Less spending means less income for businesses. Less income for businesses means layoffs. Layoffs mean...

Quantitative easing has amplified inequality. It drives up share prices, benefiting those who own the majority of shares—the wealthy. Meanwhile, the vast majority of Americans, who own a trivial amount, see no benefit. This policy has deepened the divide, not bridged it. Let's break this down. Mainstream economists often tout quantitative easing as a magic bullet for economic woes. They claim it stimulates the economy by increasing liquidity. But here's the catch: it...