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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. |
The British Empire is entirely to blame.
😂 woke🤡
great, the trouble is the other side can't admit they made a mistake either. Not only that they are impatient to end the world and cant wait for climate change and want a nuclear exchange. Not sure if they will admit that's a mistake either.
Thank you Prof. Keen for this brief analysis! 🙏😎🇩🇪
Steve thanks for the video, do you have a video of yours which explains how banks facilitate loans (the bit about fractional reserves being false)
Trying to understand how it actually works to orient myself correctly in these discussions
I have been in the lending business on the mortgage side for decades. All loans funded by a major bank (not sure about the smaller non-Fed insured ones), are NEW dollars created with an approved Fed wire. As long as the lending institution is within lending guidelines, they just do their thing. No one calls the branch to see how much $ is in the vault to make sure the $ is available. It's all new $. Yes, they are required to have reserves, but that is handled in a different lane. Similar to Fed spending & Fed taxes – goes on simultaneously in different lanes. One is not dependent on the other.
@lanadellhatestheclock3325 thanks this honestly clears the whole thing up for me but just so I make sure I understand the new dollars are printed right? Or at least printed at some point?
Thanks for sharing this 🙏
Professors Keen being a stud in his younger days doesn’t surprise me at all (being a heavy weight lifter, destroying ego’s of romanian chicks etc.)
I shared this video all over! Hope others do as well.
Glad you found some new female friends ——-good little talk mate.
I like these shorter sessions! Sometimes it's a bit hard to follow the 2 hr long zoom videos.
I agree that it is a horrible trait. However, I find this to be a trait exhibited on both sides. Not just the candidates but all politician, in general, tend to be unrepentant. Those who are are Superfluous amongst their peers. The Harris is just has more decorum about it. They both lose points for subterfuge. Harris gains a point for decorum, but to many Trump gains a point for being genuine. The argument of personality is to subjective mostly when both are not ideal candidates. I did highly enjoy the more objective review of economic policy brought up by the parties. The previous video about the fallacies in Elon Musk's take on government spending was more of a compelling argument to me. I wish more people did deep dive reviews of the potential ramification of each candidate's policies.
Have you talked to Jeff Snider from Eurodollar University @eurodollaruniversity. He also has been trying to educate people about the commercial banking system's role in money creation.
Why is tRUMP so popular?
Because he is an Asshole.
What is an Asshole?
A person who is playing god, in other words, a person who will say anything to feel heroic.
Where does this come from?
As children we love to feel special, we love to play pretend, we love to play heroes and villains, we love to boss our siblings and friends to do and play pretend the way we want them to…
Why do we do this?
Anxiety
How do we do this (through what means)?
Through Language.
Yes, Assholes, like God, can never admit they are wrong.
Remember, God is “omniscient”, all-knowing. If you’re all knowing, then you can’t make a mistake or admit a mistake.
There are a lot of people who haven’t grown up, matured, are still man-babies suckling on the man tit of some fat asshole like tRUMP.
CALL THEM OUT!
Call them the Asshole that they are.
Humans make and admit mistakes.
God cosplaying herobot assholes can’t and won’t.
You may have missed the recent Joe Rogan podcast where he clearly admonishes himself for hiring mistakes, that takes resposnibility for.
And, while he claims pride in how fast he acted in Operation Warp Speed, I’ve also heard him take responsibility for the mistake in foisting it on people against their will.
This isn’t economic advice but stay away from people with NPD
Vamp
noun
a seductive woman who uses her sensuality to exploit men.
verb (used with object)
to use feminine charms upon; seduce.
Sounds similar to a prostitute.
Obama tried to get a bill passed in the Republican controlled senate that included bailing out the people. The republicans stopped the bailout to the people. Only the banksters got the money, and they gave themselves huge bonuses afterward ! The push to an Oligarchy actually got started in the 50s when the lobby act got passed. Now, wealthy people can own politicians, and as you have seen, Clarence Thomas , you can now buy scotus!
Thankyou you have educated me in ways nobody else has ❤
Please can you do a interview again with Martin North, only alternative media & platforms do get objective facts & truth
The rust belt used to be 26% of GLOBAL gdp. That region was insanely rich in the 1960s.
I think you've made a fair point, but while you've called out Trump a few times, I wasn't really sure if you're referring specifically to Trump or making a joke that they all are?
In the case that you did just mean Trump (admittedly a more obvious narcissist), probably a bit unfair, as I don't remember any of the others in the spotlight admitting mistakes for anything (I think a couple of examples of Kamala went viral recently, when she was asked what would she do different or about her weak points).
In any case, I would agree with you about admitting mistakes. But I don't see much difference across the board. Would you prefer a more clear narcissist who is driven by his ego, or a group of yes people utterly captured and driven by intimate relations with special interest groups that won't just continue the current systemic failures, but seems openly intent on doubling down.
A giant douche or a turd sandwich to quote south park.
Ultimately though, I'm not sure it'll matter. DNC is running on Jan 6 and Trump on.. pretty much everything else wrong with the country, but particularly censorship, the border, foreign wars, economy etc.
Does feel a little ironic, the media relentless focus on Jan 6, like it'll be the end of the world if he gets in.
When the literal end of the world is only a couple of mistakes or poor choices always, driven by a policy the DNC have been fervently behind and that Trump is very against.
Russia and Ukraine even agreed to ceasefire terms early on (though you'd never hear about it in the mainstream) and the Biden adminstration/NATO went out of their way to stop it, sending Boris Johnson to Turkey to convince Ukraine to fight on with more western support (don't take my word for it, search it up).
But to your point, I feel politicians underestimate the power of being genuine and admitting mistakes.
I lived in Japan for almost a decade. There, being apologetic is respectable and can be considered a position of strength. In the West we thing of it like an admission of guilt or weakness. The Japanese way I find more natural. It takes more strength to admit your failures and results in a stronger person. I do miss that.