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U.S. Debt Crisis Explained

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U.S. Debt Crisis Explained

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U.S. Debt Crisis Explained
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.

5 comments

  1. if you stop financing Ukraine to defend itself against Russia, you will eventually have to go to war to fight a dictator, like your forefathers did. History did happen.

  2. @davidwilkie9551

    In an admission of ignorance, (ask Michael Hudson), on appearances only the exchange of credits for treasury bonds looks like the delegation of authority to the landed gentry by promising military and financial power over the subject population who swore fealty to the land lords, representatives of a common wealth concept necessary for defence of the means of production.
    (I understand that is the origin of the "All Ownership is theft", observation, ..but can that be correct? It's the tragedy of the Commons dilemma)

  3. @MichaeldeSousaCruz

    Wait, there’s nothing explained here about how the U.S. National Debt is nothing more than every U.S. Dollar not yet used to pay an obligation (eg, a tax) to the U.S. Government. What kind of short is this?

  4. All because of Joe Biden and Schumer and
    their reckless adsministration along with the RHINO back stabbers .

  5. fed is installed in the USA as the j3wish piggy bank…everything else the US has done since 1913 has been a reaction to the takeover of the US montary system

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