Trump‘s push for bitcoin may backfire in a big way. 

If things start turning bad, the dollar will give the signal. 

I’ve already said all I plan to (for now) about what’s happening in the US. But if others want to discuss it, here’s an open thread. Share this:Like Loading...

A few days ahead of Donald Trump, Elon Musk, and tech executives aligned with the Make America Great Again (MAGA) movement coming to power, Joe Biden delivered a forceful warning about the emergence of a new « tech industrial complex » threatening the US’s democratic ideal. For the outgoing president, the extreme concentration of wealth and power risked undermining « our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead. » Biden is not wrong. The...

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If you enjoyed this video, you might also like my most popular video, "Don't Study Economics, Study THIS Instead." https://www.youtube.com/watch?v=oO7iCv_NsPE -- 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...

Figure 1: A Parameter Space1.0 Introduction This is a re-creation and elaboration of a previous post. The analysis of the choice of technique, in models of circulating and fixed capital, can be based on the construction of a wage-rate of profits frontier. Given a technology in which requirements for use can be satisfied, prices of production for a feasible technique, including the wage, are uniquely determined by the given rate of profits. If the rate of profits is in a range where such...

I am back in New York after an extended trip to California. Before I left town, I joined Scarlet Fu on Bloomberg Markets. We talked about the GOP plan to pass “one big beautiful bill” as quickly as possible and how much of it they’re going to try to offset/“pay for” (versus adding to the deficit)....The LensWhat I've Been Up ToStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget...

The Latest Epicycle in Interest Rate MythologyEvery so often, a new fad emerges to prop up the fantasy that interest rate targeting is some economic panacea. The latest contender? Reserve requirements.The premise is simple: if we stop paying interest on massive excess reserve quantities held by banks, we won’t have to hand over vast sums to them. The stunning amount of intellectual effort required to come to this conclusion is why economists earn the big money. Predictably, it has been...

This week on Real-Time with Steve Keen & Friends, we talk all things Monetary Policy with special guest David Fields. What does the interest rate, interest on reserves, open market operations and inflation expectations mean to central banks around the world. Links: https://www.patreon.com/c/ProfSteveKeen/home https://www.patreon.com/c/relearningeconomics https://www.planksip.org/ https://businessfilmbooth.podia.com/studio-set-up https://medium.com/@monetarypolicyinstitute