Rebel Economics with Dr. Steve Keen

Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com

(Plus get Ravel — the economic visualization software used in this video — as a bonus if you’re accepted and join.)

Top Economist Steve Keen breaks down why the UK’s housing market has gone from “crisis” to “ticking time bomb.” With long-run data and Ravel demos, Steve shows how deregulated mortgage lending not mere shortage pushed the price-to-income ratio from ~4.5× in the post-war era to ~9× today, and lays out two concrete, workable policies to restore affordability: PILL (Property Income Limited Lev...

Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com

(Plus get Ravel — the economic visualization software used in this video — as a bonus if you’re accepted and join.)

Top Economist Steve Keen breaks down again why Australia has become one of the hardest places on earth to afford a home and why bipartisan “help-to-buy” style policies keep fanning the fire. Using long-run data and Ravel demos, Steve shows how bank-created mortgage credit, not “shortages” alone, pushed the price-to-income ratio from about 4.5× in the 1970s to ~12× today, and outlines thr...

Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com

(Plus get Ravel — the economic visualization software used in this video — as a bonus if you’re accepted and join.)

Top Economist Steve Keen explains why UK “debt doom” stories keep missing how money is actually created. Using double-entry accounting and Ravel demos, Steve shows the flaw at the heart of scary long-run projections: a textbook model where banks are mere intermediaries. Switch to the real-world model, banks create deposits when they lend, and those exponential debt paths flatten, w...

Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com

(Plus get Ravel — the economic visualization software we reference in this episode — as a bonus if you’re accepted and join.)

Top Economist Steve Keen sits down with Richard J. Murphy for an insightful conversation about why textbook economics so often fail in the real world and what to do instead. From the “theory of the second best” to the Cambridge Capital Controversies, from double-entry bookkeeping to sectoral balances, they unpack how bad assumptions create bad policy, and where Stev...

Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com

(Plus get Ravel — the economic visualization software used in this video — as a bonus if you’re accepted and join.)

Top Economist Steve Keen explains how government money is actually created — and why most of the money in circulation still comes from private bank lending, not the printing press. With clear double-entry accounting and Ravel demos, Steve shows how deficits create deposits and reserves, why “reserves aren’t money,” and how open-market operations change the mix of assets without magic...

Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com

(Plus get Ravel — the economic visualization software used in this video — as a bonus if you’re accepted and join.)

----

Top Economist Steve Keen exposes how “help-to-buy” style policies in Australia (and beyond) inflated house prices, enriched landlords, and pushed home ownership out of reach for younger generations. Using BIS data and Ravel demos, Steve shows why the real driver isn’t “shortage” — it’s mortgage debt growth and the political choice to treat housing as...

Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com

(Plus get Ravel — the proprietary economic visualization software used in this video — as a bonus if you’re accepted and join.)

Top Economist Steve Keen challenges reasoning by analogy and shows how to analyze the economy from first principles — the way engineers and physicists think. Using double-entry bookkeeping and live Ravel demos, Steve dismantles textbook models like loanable funds, exposes why supply-and-demand curves don’t describe money creation, and builds a dynamic macro model from definitions, not assumptions.

<...

Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com

(Plus get Ravel — the proprietary economic visualization software used in this video — as a bonus if you’re accepted and join.)

Top Economist Steve Keen challenges reasoning by analogy and shows how to analyze the economy from first principles — the way engineers and physicists think. Using double-entry bookkeeping and live Ravel demos, Steve dismantles textbook models like loanable funds, exposes why supply-and-demand curves don’t describe money creation, and builds a dynamic macro model from definitions, not assumptions.

<...

Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com

(Plus get Ravel™—the economic visualization tool used in this video—as a bonus if you’re accepted & join.)

Top Economist Steve Keen dismantles the textbook “Money Multiplier” myth and shows—step by step—how banks actually create money using double-entry accounting. With evidence from the Bank of England (2014) and the Bundesbank (2017), Steve explains why mainstream models mislead students and policy makers, and demonstrates the real mechanics in Ravel.

In this eye-opening analysis, you’ll discover...

Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com

(Plus get Ravel™ - my proprietary economic visualization software I used in the videos - as a free bonus, if you get accepted & join.)

Top Economist Steve Keen reacts to Gary Stevenson’s viral “tax the rich” budget model—and shows where it breaks. The real blind spot? Treating government like a household and ignoring how banks, gilts, and central-bank reserves actually work. This isn’t just about taxes—it’s about the plumbing of money.

In thi...

Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com

(Plus get Ravel™ - my proprietary economic visualization software I used in the videos - as a free bonus, if you get accepted & join.)

This video challenges the textbook story that “zero interest rates boost spending” and that banks simply lend out savings. Using side-by-side simulations built in my Ravel software, I compare the loanable-funds model taught in most economics degrees with a monetary, double-entry view of how banks actually create money. You’ll see why the first model pr...

Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com

(Plus get Ravel™ - my proprietary economic visualization software I used in the videos - as a free bonus, if you get accepted & join.)

In this video, I break down key arguments surrounding the economic ideas raised, highlighting where my analysis aligns closely with Ray Dalio’s perspective. While we agree on most areas, there’s one important difference—how we view the role of government debt in today’s economic challenges.

In the meanti...

Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com

(Plus get Ravel™ - my proprietary economic visualization software I used in the videos - as a free bonus, if you get accepted & join.)

After bad employment data from the Bureau of Labor Statistics, Trump immediately fired its chief — sending a chilling message to government statisticians: "Don’t report news he won’t like."

People see echoes of Stalin, who demanded numbers that pleased him rather than the truth — a path that...

👉 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 well-known for...

👉 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 well-known for...

👉 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 well-known for...

👉 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 well-known for...

👉 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 well-known for...

👉 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=oO7iC...

--

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...

👉 Learn 50+ Years of Economics in Only 17 Mins Here: 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 well-known for his critical analysis and advocacy for more realistic economic approaches. His...

👉 Learn 50+ Years of Economics in Only 17 Mins Here: 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 well-known for his critical analysis and advocacy for more realistic economic approaches. His...

👉 Learn 50+ Years of Economics in Only 17 Mins Here: 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 well-known for his critical analysis and advocacy for more realistic economic approaches. His...

Learn 50+ Years of Economics in Only 17 Mins Here: go.stevekeen.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...

👉 Learn 50+ Years of Economics in Only 17 Mins Here: go.stevekeen.com

(After going to go.stevekeen.com, go to the most recent video on the channel, to see this in video version.)

--

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 adv...

Learn 50+ Years of Economics in 10 mins a day. Go watch my most popular economic lesson here: 👉 go.stevekeen.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 accoun...

Learn 50+ Years of Economics in 10 mins a day. Go watch my most popular economic lesson here: 👉 go.stevekeen.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 instab...

Learn 50+ Years of Economics in 10 mins a day. Go watch my most popular economic lesson here: 👉 go.stevekeen.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 accoun...

Learn 50+ Years of Economics in 10 mins a day. Go watch my most popular economic lesson here: 👉 go.stevekeen.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 instab...

Learn 50+ Years of Economics in 10 mins a day. Go watch my most popular economic lesson here: 👉 go.stevekeen.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 accoun...

Learn 50+ Years of Economics in 10 mins a day. Go watch my most popular economic lesson here: 👉 go.stevekeen.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 accoun...

Learn 50+ Years of Economics in 10 mins a day. Go watch my most popular economic lesson here: 👉 go.stevekeen.com 👈

--

(This video has been re-edited with revised audio from Commenter Feedback. Thank you!)

--

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 critic...

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

Or watch more of my popular YouTube videos about Trump and Elon:

1. "Is Trump Wrong on Tariffs?" https://www.youtube.com/watch?v=bW8HH8FECr0

2. Top Economist Explains U.S. Inflation (Re: Elon Musk is Wrong) https://www.youtube.com/watch?v=CwCjgKmE0nE

3. "Elon Musk is Wrong Again" https://www.youtube.com/watch?v=TSmDwbrL3zI

...

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

(This video was recorded in Fall 2024).

--

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...

See the video version of this podcast here on my official YouTube: https://www.youtube.com/watch?v=76caw9qC9-s

Engineers, Finance, IT Pros, and Economic Enthusiasts: Learn 50+ years of Real Economics in only 7 Weeks. Weekly with me. Learn more: https://apply.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...

Watch the video version here on my official YouTube channel: https://www.youtube.com/watch?v=bW8HH8FECr0

Or 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...

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 well-known for his critical analysis and...

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 well-known for his critical analysis and advocacy for more realistic economic approaches...

Engineers, Finance, and IT Pros: Learn 50+ years of Real Economics in only 7 Weeks. Weekly with me. Learn more: apply.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...

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 well-known for his critical analysis and...

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...

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...

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...

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

--

Timestamps:

00:00 The West's Indifference to Climate Change

00:15 Introduction to Steve Keen

01:08 Historical Context of Climate Change Research

02:02 The Limits to Growth and System Dynamics

04:34 Criticism and Denial of Climate Science

05:23 Political and Ethical Dimensions of Climate Change

08:59 Economics and...

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...

"If Trump wins..."

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...

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...

"Money doesn't cause inflation; people cause inflation."

Join renowned economist Steve Keen as he dismantles the conventional wisdom surrounding inflation in this eye-opening discussion. Delving into the complexities of economic theory, Keen challenges the mainstream narrative that blames government spending for rising prices. Instead, he highlights the crucial roles of corporate markups, labor costs, and productivity in shaping inflationary trends. With a historical perspective and a focus on recent events, Keen provides a fresh understanding of the factors driving inflation, urging us to rethink our approach to economic policy and the Federal Reserve's strategies. Don't miss this...

"The biggest danger in capitalism is the debt deflation, far more dangerous than inflation."

Join Steve Keen as he explores the profound insights of economist Irving Fisher and his transformation from a mainstream advocate to a critic during the Great Depression. In this engaging discussion, Keen delves into Fisher's debt deflation theory and its implications for today's economy, highlighting the dangers of excessive private debt and the cyclical nature of financial crises. Discover how the lessons from the past can inform our understanding of modern economic challenges and why Fisher's warnings remain relevant in today's financial landscape.<...

"Hitler became popular with Germans not just because of racism, but because he turned around unbelievable levels of unemployment to pretty much full employment."

Join economist Steve Keen as he explores the complex economic factors that contributed to Hitler's rise to power. In this eye-opening discussion, Keen challenges the conventional wisdom surrounding hyperinflation and the Weimar Republic, revealing how deflation and high unemployment played a critical role in shaping Germany's political landscape. Discover the innovative monetary policies implemented in the Austrian town of Wörgl during the Great Depression and how they sparked economic revival, only to b...

"The Fed just doesn't even get the picture, and when they try to put rates up, they're likely to find the economy declines very rapidly."

Join economist Steve Keen as he navigates the complexities of modern economic theory and critiques the mainstream understanding of money creation. In this eye-opening discussion, Keen reveals how private debt shapes our economy and why traditional views held by institutions like the Federal Reserve may lead to significant economic downturns. With insights into the dynamics of bank lending and the impact of rising interest rates, this conversation challenges us to rethink our...

"You think if you don't get the best education, you're not gonna get anywhere at all, so pay a fortune or remain on the scrap heap."

Join economist Steve Keen as he challenges the conventional wisdom surrounding debt, education, and the economy. In this eye-opening discussion, Keen critiques the current financial system, revealing how excessive borrowing and the pursuit of higher education lock individuals into a cycle of debt and limit their potential. He argues that the market fails to provide the necessary information for making informed decisions about education and health, leading to a society where...

"Learning economics at a university is like learning atomic astronomy with Earth at the center of the universe—it's utterly obsolete."

Join influential economist Steve Keen as he challenges the foundations of traditional economics education. In this thought-provoking video, Keen argues that the university curriculum is outdated and misaligned with the realities of a dynamic, non-equilibrium economy. He advocates for a shift towards system dynamics, a more relevant approach that can be applied across various fields. Discover why Keen believes aspiring economists should reconsider their academic paths and how understanding real-world systems can lead to a more pr...

"I looked at them and said hang on guys look at the downside of my life... you own a house I haven't even got a car."

Join economist Steve Keen as he reflects on his unconventional journey through life and academia, contrasting his chaotic experiences with the seemingly stable paths of his peers. In this candid discussion, Keen shares insights from his early days of leading a student revolt to his critiques of modern economic theory. Discover how his diverse career—from teaching to overseas aid and computing—shaped his unique perspective on economics and life. This is a...

"Credit is the lifeblood of economic activity, and when it turns negative, it sends shockwaves through the entire system."

Join Professor Steve Keen as he revisits his thought-provoking interview with Lex Fridman, diving into the intricate relationship between private debt and economic cycles. In this video, Keen breaks down how rising credit can fuel economic booms, while its decline can lead to devastating recessions. Using compelling data and visualizations, he explores historical trends across various countries, revealing the critical role that credit plays in shaping our economies. Prepare to challenge conventional economic wisdom as Keen critiques mainstream...

"Credit is absolutely crucial to aggregate demand, and the neoclassical economists are ignoring it because it doesn't fit their model."

Join economist Steve Keen as he takes a critical look at Paul Krugman's views and the neoclassical economic model in this thought-provoking discussion. Keen argues that credit plays a vital role in shaping aggregate demand and unemployment, challenging the mainstream narrative that often overlooks these connections. With compelling data and insights, he reveals why understanding the dynamics of credit is essential for grasping the complexities of our economic system. Don't miss this eye-opening exploration of economics that...

"Capitalism is fundamentally a monetary phenomenon, and we must model the monetary side of the economy."

Join influential economist Steve Keen as he challenges the traditional neoclassical perspective on economics and banking. In this thought-provoking discussion, Keen introduces his innovative dynamic simulation tool, Minsky, designed to capture the complexities of financial transactions and the role of money in economic systems. Discover how Keen's insights, rooted in the works of Hyman Minsky and the monetary circuit theory, can reshape our understanding of economic dynamics and help us navigate the current economic landscape. Whether you're an economics enthusiast or...

"Politicians and mainstream economists are navigating the economy like amateur drivers behind the wheel of a car."

Join economist Steve Keen as he dissects the pitfalls of neoliberalism and the amateurish approach of politicians towards economic policy. In this eye-opening discussion, Keen compares economic management to driving, illustrating how misguided strategies lead to disastrous outcomes. He explores the implications of austerity measures in the UK, the impact of private debt, and the stark realities of a bubble-driven economy. Tune in to understand why the current economic landscape is fraught with challenges and what it means for the...

"Australia is a particular basket case, but the UK is at a crossroads with house prices that are stagnant and a looming crisis in the housing market."

Join us as we explore the intricate dynamics of the housing markets in Australia and the UK with our expert analyst. Discover why the UK is facing a unique situation with declining house prices, particularly in London, while also grappling with high levels of household debt and the implications of interest-only loans. We'll delve into the speculative nature of luxury real estate and the potential for a housing crisis in...

"The capacity to lever up the system isn't there, and the capacity of people to get out of the system in a panic moment is much higher."

Join economist Steve Keen as he navigates the turbulent waters of today's financial landscape, discussing the disconnect between asset prices and the physical economy. In this eye-opening video, Keen explores the implications of quantitative easing, the peak of private debt, and the looming threat of volatility in the markets. With insights into the future of pensions and the potential for a 'modern debt jubilee,' Keen challenges conventional economic wisdom...

""The entire economy gets sucked into a whirlpool of speculation, and when that happens, ultimately you'll have so much debt that the economy can't finance itself."

Join us as we explore the intricate relationship between housing prices, mortgage debt, and government policy with our expert guest. In this eye-opening discussion, we delve into the factors driving the UK housing market, the impact of foreign buyers, and the consequences of speculation on the economy. Discover how the dynamics of debt and asset prices can lead to economic downturns, and why understanding these relationships is crucial for navigating today's...

"China's private debt has doubled in just six years, and the consequences are looming."

Join us as we delve into the precarious state of China's economy with expert insights on the alarming rise of private debt and the potential fallout. Discover how the Chinese government’s aggressive lending practices have fueled a massive property bubble and led to overcapacity in industrial production. We explore the implications of these trends, the unique dynamics of China's financial system, and what the future may hold as the country grapples with unsustainable growth. Don't miss this critical analysis of one of th...

"How anybody thinks they can analyze capitalism while leaving out banks, debt, and money is a bit to me like the ornithologist trying to work out how a bird flies while ignoring that the bird has wings."

Join the influential economist Steve Keen as he dissects the glaring omissions in mainstream economic models and their catastrophic implications. Discover why ignoring private debt, banks, and money leads to flawed predictions and recurring financial crises. From the US housing market crash to the global financial crisis, Keen reveals the hidden forces driving economic instability and offers a sobering critique...

"The level of inequality now, as Piketty pointed out in his master book, is now greater than at any time in history with possibly the sole exception of the Gilded Age."

Join Steve Keen as he delves into the pressing issue of economic inequality and its far-reaching consequences. In this insightful discussion, Keen explores how financial engineering has exacerbated inequality, leading to economic instability and social conflict. Discover the critical role of private debt, the impact of Federal Reserve policies, and the potential for future economic crises. Whether you're an economist or just curious about the forces...

"The most dangerous person you'll meet in the world is a person who's sincerely chasing you down the road trying to cut your head off."

Join the influential contrarian economist Steve Keen as he critiques modern economics and its foundational flaws. In this eye-opening discussion, Keen explains how mainstream economics has evolved into a cult-like belief system, immune to its own mathematical errors and real-world failures. Discover how his work, inspired by non-mainstream economists like Herman Minsky and Joseph Schumpeter, aims to reform economic theory using complex systems models. Learn about his innovative software, Minsky, designed to...

"The financial sector should be a servant of the rest of the economy, not the master. But at the moment, it's the master not just of the economy but of the politicians as well."

Join us as we delve into the insights of Steve Keen, the influential contrarian economist, who critiques modern economic practices and highlights the critical role of private debt in shaping economic booms and busts. Discover why Keen believes the current economic recovery in the UK and the US will be short-lived and how the nexus between politics and finance needs a radical shift...

"It's like saying this ship will go a lot faster if you take off all the stuff that's there to stabilize it—you know it will, but it'll go upside down at some point and sink."

Join us as we delve into the mind of Steve Keen, the economist who has consistently predicted major economic crises that mainstream economists failed to foresee. In this riveting discussion, Keen explains why traditional economic models are fundamentally flawed, how ignoring the role of debt and banks has led to repeated financial disasters, and why the next generation of indebted students mi...

"They think they're leading us to economic equilibrium, but instead they've led us into economic and ecological crises."

Join Steve Keen as he dismantles mainstream economic theories and exposes the flaws that led to the global financial crisis. In this eye-opening discussion, Keen critiques the neoclassical school of thought, highlights the dangers of ignoring future uncertainties, and calls for a radical shift in economic paradigms. Discover how historical missteps and contemporary policies continue to shape our unstable economic landscape, and why a new approach is essential for a sustainable future. Dive into the complexities of debt, market...

"The more debt you try and pay back, the higher your debt goes in more terms."

Join the influential economist Steve Keen as he delves into the paradox of debt and its deflationary effects on the economy. In this engaging discussion, Steve explains why efforts to pay down debt can actually increase the real value of that debt, drawing on historical examples and modern economic policies. From Brexit to the flaws in quantitative easing, discover why Steve believes the UK economy is in big trouble and what radical measures, like a debt jubilee, could potentially save it...

"It's kindergarten thinking about the economy if you're under surplus for four or five years, which is the sort of stuff that both parties are saying."

Join Steve Keen as he dismantles the simplistic economic narratives pushed by major political parties. In this eye-opening discussion, Keen explains why running a sustained government surplus is a recipe for future economic crises, using real-world examples from Greece, Spain, Italy, and France. Discover the critical role of private debt and why current policies are setting us up for stagnation rather than growth. Don't miss this chance to understand the deeper...

"I'm not going to be somebody who says we have to stay there for the sake of peace in our time and lock ourselves into a policy system which is actually causing the collapse of Europe."

Join the provocative economist Steve Keen on Hard Talk as he challenges the foundations of modern economics and the European Union. In this riveting discussion, Keen explains why he believes the euro is detrimental to Europe's economic health and why he supports Brexit despite potential economic downsides. Delve into his critique of private debt, financial bubbles, and the policies he argues...

"When QE first started, I called it a pact with the devil, a bit like signing a contract with Mephistopheles because once you've signed this contract, you know you can't get out of it."

Join economist Steve Keen as he delves into the intricacies of Quantitative Easing (QE) and its long-term implications on the global economy. In this video, Keen critiques the Federal Reserve's strategies, debunks the myth of the wealth effect, and explains why current economic policies might be setting us up for future financial crises. Discover why he believes central banks are like sorcerers who...

"Was Karl Marx's vision of socialism truly utopian or an inevitable shift dictated by economic forces?"

Dive deep with our expert as they break down the difference between Marxian economics and Marxist political ideology. Unwrap the critical role of the 'tendency for the rate of profit to fall' in Marx's theories and how this economic principle is posited as the catalyst for a socialist future. Explore the historical context of utopian socialism versus Marx's claims of an inevitable societal shift, and unravel the complexities behind his vision of a future where human creativity might flourish beyond the...

"How did the ideas of Karl Marx lead to Stalinism?"

In this engaging video, renowned economist Steve Keen delves into the complex history and ideas of Karl Marx, exploring their impact on the emergence of Stalinism. Keen discusses the interplay between socialism, capitalism, and central economic control, drawing on historical examples and personal anecdotes. Join us for an insightful discussion on the evolution of economic systems and the consequences of ideology-driven governance.

---

Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https...

"Schumpeter's argument, it's the deviation from equilibrium that's where all the fun happens, that's where all the magic lies."

Dive deep with us as we explore Austrian Economics and Schumpeter's revolutionary vision of capitalism. Understand the intricate dance between equilibrium, innovation, and finance that drives our economic systems. Discover how entrepreneurship, money creation, and financial engines have shaped the dynamic world of capitalism we experience today.

---

Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com

Duration: 00:03:42

"The Nazi regime's 'socialism' was a facade, merely directing industry, not owning it."

Dive deep into the intricacies of fascism and socialism in our latest discussion. Discover how true socialism contrasts starkly with the Nazi regime's so-called 'national socialism,' which involved state direction rather than public ownership. Understand the importance of ownership of the means of production and how terms are often misinterpreted and misused in political discourse.

---

Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com<...

"I say don't do an economics degree...doing an economics degree is like learning Ptolemaic astronomy."

Steve Keen shares unconventional career advice and personal reflections. In this captivating discussion, discover why Keen advises against traditional economics degrees and advocates for a more dynamic approach to education through system dynamics. Hear his inspiring story of choosing principles over security and the lessons he's learned from a life led by passion and integrity.

---

Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com

"The biggest danger in capitalism is the debt deflation far more dangerous than inflation."

Join the influential economist Steve Keen as he delves into the critical threats posed by debt deflation within our capitalist system. Learn about the intricacies of private debt, financial instability, and the paradox described by Irving Fisher. Unpack how historical and modern economic policies influence today's financial landscape and discover Keen's insights on steering away from economic breakdowns.

---

Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https...

"Government running a deficit is a feature of a well-functioning mixed fiat credit economy, not a bug."

Join Steve Keen as he debunks common misconceptions about Marxism and the importance of government deficits. In this important discussion, he explains how modern monetary theory and government spending can reduce societal angst and improve the standard of living, especially for those less privileged. Discover how these economic principles can create a fairer and more stable society.

---

Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free...

"Economic systems are some of the most complex on Earth, and understanding them means using the right tools, which we've fundamentally failed to do."

Join Steve Keen as he delves into the true essence of economics and its profound impact on human civilization. Discover why he believes the field has lost its way and how adopting engineering principles could revolutionize economic modeling. From the exploitation of high-grade energy sources to the need for respecting life, Steve challenges conventional economic thought and calls for a transformative approach to understanding and sustaining our society.

--

<...

"The fundamental failing of socialism was the inability to innovate, as illustrated by a 1940s motorbike still being produced in Soviet Russia decades later."

Join Dr. Steve Keen as he dives into the complexities of socialism versus capitalism, drawing on historical examples and economic theories. Discover why socialism, despite its lofty ideals, struggled with innovation and how capitalism's relentless drive for competition spurred technological advancement. Through the lens of Janos Kornai's analysis, Keen explores the resource constraints and production challenges that shaped these economic systems. Learn about the Soviet Union's industrial stagnation and the enduring impact of...

Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com

--

"Money is fundamentally a threesome, and everybody gets involved."

Explore the complexities of modern monetary theory with Steve Keen as he breaks down the true nature of money in today's economy. Discover why money is not a commodity, but rather a set of promises within a banking system. Steve Keen, a contrarian economist and research fellow at the Institute for Strategy, Resilience, and Security at University College London, provides an insightful analysis...

Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com

--

"And he actually writes, does this have significance in economics? And then he probably went home that night, and, like, that that that idea changed him. It changed him completely."

Dive deep with Steve Keen as he explores Karl Marx's transformative insights on the labor theory of value and the dialectical tension between use value and exchange value. Discover how Marx's encounter with Hegel's philosophy reshaped his economic theories...

Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com

--

"There was the centralization of the economic stuff, the GOS Plan approach. I think that was where the Soviets failed, and what the Chinese realized after what they went through under Mao was you have to have that capitalist period, but they weren't going to abandon the communist control politically of the country at the same time."

Join us as Steve Keen delves into the economic evolution of China, examining the unique blend of capitalism...

Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com

--

"That's right, and so that's what makes them interesting."

Dive into a thought-provoking journey with a critical analysis of historical and modern economic theories as unfolded in the conversation. Uncover why ancient economic insights might hold key solutions to today's financial uncertainties and how a contrarian viewpoint can dismantle longstanding economic beliefs.

Discover how the debate of value origin—from land, labor to subjective utility—has shaped the dynamics of capitalism and why this...

Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com

--

"The tensions between our basic humanity and the capitalist machine can transform society over time."

Dive deep with Steve Keen as he unpacks Karl Marx's revolutionary ideas and their relevance in today's world. Discover how Marx's concept of dialectics, and his critique of value in capitalist societies, still hold powerful insights into our modern economic systems. From ancient trade practices to today's factories, Steve challenges us to rethink the...