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Engineers, Finance, and IT Pros: Learn 50+ years of Real Economics in only 7 Weeks. Weekly with me. Learn more: apply.stevekeenfree.com OR Join ~10,000 others in downloading my free 'Funny Money' Bundle (2 books, worth ): new.stevekeenfree.com -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers,
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Engineers, Finance, and IT Pros: Learn 50+ years of Real Economics in only 7 Weeks. Weekly with me. Learn more: apply.stevekeenfree.com OR Join ~10,000 others in downloading my free 'Funny Money' Bundle (2 books, worth ): new.stevekeenfree.com -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers,
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Mike Norman writes Trade deficit
Mike Norman writes Bond market now pricing in one 25 bps rate cut by Fed in 2025
New Economics Foundation writes What are we getting wrong about tax
Sandwichman writes The more this contradiction develops…
| Engineers, Finance, and IT Pros: Learn 50+ years of Real Economics in only 7 Weeks. Weekly with me. Learn more: apply.stevekeenfree.com OR Join ~10,000 others in downloading my free 'Funny Money' Bundle (2 books, worth $60): new.stevekeenfree.com -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields. |
Who you going to believe, a real, self made genius or a guy who reads and gets paid by others? Economists are a joke. Everyone knows it. They sit in universities devoid of any real experience in the world. They are priests siting in churches telling real people what to do. Don't listen.
Less government to regulate Elon… smart guy. We already have deregulated corporations. It's made the working and middle class poorer and the government poorer too. We have undisciplined politicians that are disgustingly corrupt to the point where they're in coporate pockets enriching themselves while councils go "effectively bankrupt". Think about that. How it can break. What will people do? But they don't think that far ahead.
If banks lend money into existence, then it follows that governments do the same and use tax receipts to pay for the consequence of the government lending just like banks seek to cover their capital requirements after lending. Deficits are a necessary condition for a functioning economy. That being said, any mention of America that does not take into account it's status as the global reserve currency is useless. Huge quantities of USD don't even originate in the US, it comes from the overseas eurodollar system, lended into existence by foreign banks.
If the billionaires and millionaires pay their fair share the country would be fine, but the rich fuppers wants more.
This model for equilibrium seems inprobable as it ignores the impact of currency inflation ( and subsequent corresponding reduction of purchasing power ) on general household consumption.
Trump elected , economy WILL crash!
You can't implement tariffs without inflation and deportingn15 million American workers will cost Trillions in lost productivity
This video is all lies – viewer beware!
Expect at least 10 years of 40% sales crash – plus stock market crash and interest rate hikes
Sounds like a Ponzi scheme
I may be misunderstanding something, but, this "sustainable" model does not address inflation caused by the creation of new money. If new money is created without a matching increase in supply of goods or services, inflation will eat away at consumer spending. Also, the government becomes less and less effective at spending money, meaning, it costs more and more money to get less and less benefit from that spending, this is due to both government size and regulations. Just because the numbers in the models don't collapse, I would argue peoples standard of living will go down in complete correlation to government spendings and overall size.
When governments spend money inefficiently, its taken away from the private sector that could have allocated it with much better outcomes.
Pfffffft
If the current system is O K why is the average person feeling they are being left behind, with no prospect of living the American dream?
He should know about the national debt he's one of the MIC trough feeders…..
It's refreshing to see someone trying to be honest and not particularly partisan in their critiques. Trying to be politically agnostic is painful at the moment. You can't say a thing without both sides assuming you're on the other side. I appreciate the clear pursuit of objectivity.
If Elon were to respond to this and take it seriously, even if he ultimately didn't agree, I think I would see him as more genuine.
Elon is right. The current situation is not sustainable. This Keen guy needs to go back to school. He doesn't know what he's talking about.
Musk is easy to smear. He is a gifted huckster selling comically risky ventures, like an EV economy or a one-way trip to Mars. ProfSteveKeen resorts to personal as well as economic sniping, the pettiness of which actually elevates Musk.
Own goal.
if capitalism worked. there would be no war, no military at all, nor police. capitalism is a ponzi scheme, a hoax
The educators are a group of incompetent leftists who could never work or create in the real world.
Mr Musk
Hide from him
He is Gigantus
Super!
Professor Keen, maybe organize a podcast with Elon and Lex Friedman? If Musk gets this could really help change the mainstream narrative on this vital topic.
What happens if a handful of countries do this and the rest of the world doesn't? The math might be pretty lawful in it's own space but the psychology of leaders and politicians runs on different plumbing.