Rebel Economics with Dr. Steve Keen

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πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com (Apply this week and get my 3-Book 'Rebel Economist' Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened). --- Want to predict the future too? You're in good company: Trusted by thousands of engineers, finance professionals, and investors. Seen by tens of millions. --- Professor Steve Keen's RavelΒ© framework called the 2008 financial crisis 36 months before Lehman. The IMF was calling soft landing. In 2010, the Revere Prize that followed had 1,152 votes from 2,500+ economists. More than twice Roubini and Baker combined. This is Rebel Economics with Professor Steve Keen. The same patented RavelΒ© framework now runs for ministries of finance, central bank advisors, and sovereign wealth funds. Stock-flow consistent. Built on accounting identities, not equilibrium ideology. The math the IMF still does not have in its textbook. Steve has been invited by BBC HARDtalk, Diary of a CEO, the European Parliament, Bloomberg, MIT's Lex Fridman, Piers Morgan Uncensored, ABC News Australia, amongst many more we cannot disclose now. 20M+ views, watched by policy teams and institutional allocators as a primer on debt-driven instability. You are not crazy. The equations were wrong. πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com (Apply this week and get my 3-Book 'Rebel Economist' Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).
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πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here:

https://www.stevekeen.com/americalosingtoiran

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

Are oil prices really about to crash overnight? Could the Iran War trigger a global food crisis in just 3 months? What happens when a financial crash expert connects the dots between military escalation and the collapse of your food supply?In this video, our financial crash expert breaks down the real economic earthquake behind the US-Israel-Iran war β€” and why 54 food prices rising is just the beginning.

βœ… How the iran war 2026 is already pushing oil price spike beyond what markets can handle

βœ… Why a full-scale iran nuclear war could crash global energy markets overnight triggering food supply collapse within 90 days

βœ… The truth behind trump war iran escalation and why ordinary people will pay the price at the grocery store

βœ… How the global food crisis is being accelerated by dollar instability and unchecked military spending

βœ… What the US, China & Russia are really fighting over and how it ends your access to affordable food

βœ… Iran's nuclear capability decoded and what it means for Middle East alliances and global supply chains

βœ… The hidden link between energy market crashes and the fastest-moving famine the modern world has ever seen

Questions this video answers:

➑ Is the Iran war already causing food shortages?

➑ How will rising oil prices lead to famine?

➑ What is Trump's real agenda behind the Iran conflict?

➑ Will the dollar collapse because of the Iran war?

➑ How close are we to a global food supply crisis?

➑ What happens to food prices when energy markets collapse?

➑ Is a financial crash in 2025 now inevitable?This isn't speculation, it's geopolitical analysis backed by facts most channels are afraid to cover.

-----

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/americalosingtoiran

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

-----

πŸ”” Subscribe for weekly breakdowns on the economic forces shaping your future.#iranwar

#globalfoodcrisis #financialcrash #oilprices #Famine2026 #economiccollapse #trumpiran #foodshortage #irannuclear #energymarkets

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here:

https://www.stevekeen.com/americalosingtochina

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

The Start Of A New World Order and Why the new world order will be worse than you think

Is the global financial system entering a new phase of instability?

What happens to the China economy when America's financial system finally breaks? As the US debt crisis deepens and the threat of a US dollar collapse grows, the shockwaves won't stop at American borders they'll reshape the entire global order, starting with China.

In this in-depth financial education breakdown, we analyze how a full-scale US economy collapse would trigger cascading consequences across China's export-driven economy, the stock market, and the global financial crisis already forming beneath the surface.

De-dollarization is accelerating. Trump tariffs have fractured US China trade relations. Foreign buyers are pulling back from U.S. Treasury bonds. Credit cycles are tightening. And inflation pressures refuse to ease.

But here's the question nobody's asking: If America falls, does China rise or fall harder?

In this video, we explore:

βœ… How a US economy collapse directly impacts China's growth model

βœ… The US dollar collapse and what de-dollarization means for the yuan

βœ… Why the US debt crisis is a ticking time bomb for global trade

βœ… Stock market crash 2026 scenarios and how China is exposed

βœ… The role of Trump tariffs and the US China tariff war in accelerating economic fractures

βœ… Why AI and tech innovation can't fix structural global financial crisis risks

βœ… Bond market stress, sovereign debt instability, and the limits of debt-driven growth

βœ… What Xi Jinping's economic strategy looks like in a post-dollar world

The concerns raised echo themes from Ray Dalio's work on economic cycles and global monetary transitions. As fiscal policy debates intensify and public trust in institutions weakens, the scrutiny over inflation, debt expansion, and long-term economic sustainability has never been higher.

If you want serious analysis of the changing global economy, US dollar collapse risks, the China economy fallout, and what this means for the future of investing and finance this video delivers the insight most channels won't touch.

The world order is shifting faster than most investors realize. China's fate may be tied to America's more than anyone wants to admit.

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. Curious Minds, Engineers, and Finance Professionals 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.

----

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here:

https://www.stevekeen.com/americalosingtochina

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

----

#chinaeconomy #stevekeen #newworldorder #financialcrash #oilprices #Famine2026 #economiccollapse #trumpiran #irannuclear #energymarkets

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here:

https://www.stevekeen.com/wewillenterfamine

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

Are oil prices really about to crash overnight? Could the Iran War trigger a global food crisis in just 3 months? What happens when a financial crash expert connects the dots between military escalation and the collapse of your food supply?In this video, our financial crash expert breaks down the real economic earthquake behind the US-Israel-Iran war β€” and why 54 food prices rising is just the beginning.

βœ… How the iran war 2026 is already pushing oil price spike beyond what markets can handle

βœ… Why a full-scale iran nuclear war could crash global energy markets overnight triggering food supply collapse within 90 days

βœ… The truth behind trump war iran escalation and why ordinary people will pay the price at the grocery store

βœ… How the global food crisis is being accelerated by dollar instability and unchecked military spending

βœ… What the US, China & Russia are really fighting over and how it ends your access to affordable food

βœ… Iran's nuclear capability decoded and what it means for Middle East alliances and global supply chains

βœ… The hidden link between energy market crashes and the fastest-moving famine the modern world has ever seen

Questions this video answers:

➑ Is the Iran war already causing food shortages?

➑ How will rising oil prices lead to famine?

➑ What is Trump's real agenda behind the Iran conflict?

➑ Will the dollar collapse because of the Iran war?

➑ How close are we to a global food supply crisis?

➑ What happens to food prices when energy markets collapse?

➑ Is a financial crash in 2025 now inevitable?This isn't speculation, it's geopolitical analysis backed by facts most channels are afraid to cover.

-----

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/wewillenterfamine

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

-----

πŸ”” Subscribe for weekly breakdowns on the economic forces shaping your future.#iranwar

#globalfoodcrisis #financialcrash #oilprices #Famine2026 #economiccollapse #trumpiran #foodshortage #irannuclear #energymarkets

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/hormuzandenrgycrisis

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

---

THE IRAN WAR HAS ALREADY BEGUN: And Your Wallet Will Feel It

Oil prices are surging. Inflation is crushing households. And a full-scale Iran war could trigger the biggest economic collapse the modern world has ever seen.

This isn't speculation it's analysis backed by geopolitical facts most channels are afraid to cover.

HOW TRUMP'S RECKLESS DECISIONS ARE ACCELERATING THE U.S. COLLAPSE

While the world watches the Iran crisis unfold, one uncomfortable truth is being ignored Trump's own behaviour is pushing the US economy collapse into overdrive. From erratic foreign policy decisions and unchecked military spending, to trade wars that alienated allies and sanctions that backfired spectacularly, every impulsive move has chipped away at America's global credibility. The Trump dollar collapse isn't just a theory anymore it's the logical consequence of a leader who governed by impulse, not strategy. When the most powerful nation on Earth is steered by ego rather than intelligence, the cracks don't just appear they widen into crises. The Iran escalation? Partly a Trump legacy. The inflation spiral? Partly a Trump legacy. And now, ordinary Americans are left to foot the bill for decisions made by a man more concerned with headlines than consequences.

πŸ“Œ WHAT WE COVER IN THIS VIDEO:

βœ… How the US-Israel-Iran war escalation could crash global energy markets overnight

βœ… Why the dollar collapse is no longer a conspiracy it's a real risk

βœ… Trump's hidden agenda why Trump backed Israel and what it means for YOU

βœ… Iran's nuclear program: what happens when a rogue state gets the bomb

βœ… The new arms race: how Iran nuclear capability reshapes Middle East alliances

βœ… The role of the US, China & Russia and who really controls the outcome

βœ… End times prophecy decoded: does the Middle East conflict align with Biblical predictions?

βœ… The significance of Jerusalem in Biblical prophecy and the Second Coming of Jesus

βœ… How the JCPOA (Iran nuclear deal) has been rendered obsolete

βœ… What this means for global stability and what you should do NOW

πŸ”₯ The geopolitical landscape is shifting faster than ever. The US-Israel-Iran war isn't just a military story β€” it's an economic earthquake, a prophetic convergence, and a turning point for humanity.

Whether you're tracking global markets, studying end times prophecy, or trying to understand why the world feels like it's on the edge β€” this video connects the dots.

---

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/hormuzandenrgycrisis

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

---

πŸ“© Subscribe for weekly geopolitical breakdowns nobody else is covering.

πŸ‘‡ Drop your thoughts below do you think war with Iran is inevitable?

#iranwar #straitofhormuz #iranusconflict #oilcrisis #latest news #worldnews #middle east #middleeastconflict #economiccollapse #dollarcollapse #usisraeliranwar #EndTimesProphecy #BiblicalProphecy #IranNuclear #TrumpAgenda #geopolitics

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/Aibubbleandthejobmarketcrash

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

AI bubble is bursting?

While the world is distracted by the hype around artificial intelligence, a far more dangerous reality is brewing in the bond markets. In this video, Professor Steve Keen warns that AI won't be the savior of the global economy in fact, the bursting of the ai bubble might just be the trigger for a sovereign debt crisis.

We are witnessing the inevitable collapse of a neoliberal economic model built on debt, deregulation, and financial illusion. While millions of Americans are forced to work past 65 and the U.S. struggles to sell its debt in 2026, the tech sector's promise of infinite productivity is colliding with the hard math of a credit crunch.

Keen dismantles the myth that markets (or AI) self-correct, revealing how ignored credit cycles and reckless Wall Street dominance have pushed the system to the brink. As global buyers pull back from U.S. Treasury bonds, the consequences are hitting the real economyβ€”and no algorithm can print the productivity needed to pay the bill.

In this video, we cover:

βœ… The AI Illusion: Why technology cannot fix a broken credit system

βœ… The 2026 Crisis: Why the U.S. is struggling to sell its debt right now

βœ… Retirement Reality: Why working past 65 is the new normal

βœ… System Failure: How mainstream economics ignored the warning signs

βœ… The Verdict: Will the AI crash finally break the US debt market?

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.

Curious Minds, Engineers, and Finance Professionals 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.

--

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/Aibubbleandthejobmarketcrash

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

--

#SteveKeen #FinancialCrisis #AIBubble #EconomicCollapse #DebtCrisis #Economics

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/nokingsprotest

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

Millions across the country are protesting against President Trump's policies, as seen in footage of "TRUMP MUST GO NOW" signs and large crowds. This highlights a significant moment in US politics news, questioning the stability of the system and the impact of political leadership. Such widespread dissent points to potential political instability and concerns about the future of democracy, with some even suggesting a failure of the United States Constitution.

Iran War 2026 | Oil Price Crash, Dollar Collapse & What It Means For Your Money

Oil prices are spiking. Inflation isn't going away. And the Middle East is closer to full-scale war than at any point in the last two decades. If you have savings, investments, or just pay bills this affects you directly.

In this video, economist Steve Keen whose research on private debt warned of financial instability years before the 2008 financial crisis breaks down the real economic consequences of the US-Iran-Israel escalation in 2026, and what ordinary people should actually be doing with their money right now.

This is not a conspiracy video. This is economics.

IN THIS VIDEO:

βœ… Iran War 2026 β€” What's actually happening on the ground and why mainstream coverage is missing the bigger economic picture

βœ… Oil Price Forecast 2026 β€” How Middle East conflict historically drives crude oil prices and what analysts are watching right now

βœ… Dollar Collapse or Dollar Dominance? β€” The real data behind de-dollarization, BRICS currency moves, and US reserve currency risk

βœ… JCPOA Collapse Explained β€” How the breakdown of the Iran nuclear deal reshaped global energy supply chains and what comes next

βœ… US Defense Spending 2026 β€” Who actually benefits from military escalation and what the budget data shows

βœ… US-China-Russia Geopolitics β€” How the three-way competition between Washington, Beijing, and Moscow is redrawing global commodity markets

βœ… Gas Prices Rising β€” The direct link between Middle East instability, oil supply disruption, and what you pay at the pump

βœ… Recession Risk 2026 β€” Are we heading toward a global economic slowdown? Steve Keen explains the indicators worth watching

βœ… How To Protect Your Investments β€”Practical, grounded perspective on navigating market volatility during geopolitical uncertainty

βœ… Federal Reserve & Inflation 2026 β€” How war-driven commodity shocks complicate interest rate decisions and what that means for mortgages, loans, and savings

ABOUT STEVE KEEN:

Steve Keen is a Post-Keynesian economist and author of Debunking Economics. His work on private debt dynamics and financial instability has been cited in academic and policy circles internationally. He is currently a Research Fellow at UCL's Institute for Strategy, Resilience and Security.

WHO THIS IS FOR:

Whether you follow macroeconomics closely or you're simply trying to understand why your cost of living keeps rising while your savings lose value this breakdown is designed to give you real answers, not rage-bait.

If you've searched for:

β€” Iran nuclear deal latest news

β€” oil price prediction 2026

β€” is the dollar collapsing

β€” how war affects the stock market

β€” Middle East conflict economy

β€” Steve Keen 2026

β€” global recession warning signs

β€” how to protect money during inflation

...then this video is exactly what you're looking for.

--

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/nokingsprotest

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

--

#stevekeen #iranwar #OilPrices #EconomicCollapse #TrumpAgenda #DollarCollapse #MiddleEastConflict #SteveKeen #USIsraelIranWar #Inflation #GeopoliticsExplained #WorldWar3 #IranNuclear #TrumpIsrael #EnergyMarkets #GlobalEconomy #RebelEconomics

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/iranwarandenergyproduction

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

---

THE IRAN WAR HAS ALREADY BEGUN: And Your Wallet Will Feel It

Oil prices are surging. Inflation is crushing households. And a full-scale Iran war could trigger the biggest economic collapse the modern world has ever seen.

This isn't speculation it's analysis backed by geopolitical facts most channels are afraid to cover.

HOW TRUMP'S RECKLESS DECISIONS ARE ACCELERATING THE U.S. COLLAPSE

While the world watches the Iran crisis unfold, one uncomfortable truth is being ignored Trump's own behaviour is pushing the US economy collapse into overdrive. From erratic foreign policy decisions and unchecked military spending, to trade wars that alienated allies and sanctions that backfired spectacularly, every impulsive move has chipped away at America's global credibility. The Trump dollar collapse isn't just a theory anymore it's the logical consequence of a leader who governed by impulse, not strategy. When the most powerful nation on Earth is steered by ego rather than intelligence, the cracks don't just appear they widen into crises. The Iran escalation? Partly a Trump legacy. The inflation spiral? Partly a Trump legacy. And now, ordinary Americans are left to foot the bill for decisions made by a man more concerned with headlines than consequences.

πŸ“Œ WHAT WE COVER IN THIS VIDEO:

βœ… How the US-Israel-Iran war escalation could crash global energy markets overnight

βœ… Why the dollar collapse is no longer a conspiracy it's a real risk

βœ… Trump's hidden agenda why Trump backed Israel and what it means for YOU

βœ… Iran's nuclear program: what happens when a rogue state gets the bomb

βœ… The new arms race: how Iran nuclear capability reshapes Middle East alliances

βœ… The role of the US, China & Russia and who really controls the outcome

βœ… End times prophecy decoded: does the Middle East conflict align with Biblical predictions?

βœ… The significance of Jerusalem in Biblical prophecy and the Second Coming of Jesus

βœ… How the JCPOA (Iran nuclear deal) has been rendered obsolete

βœ… What this means for global stability and what you should do NOW

πŸ”₯ The geopolitical landscape is shifting faster than ever. The US-Israel-Iran war isn't just a military story β€” it's an economic earthquake, a prophetic convergence, and a turning point for humanity.

Whether you're tracking global markets, studying end times prophecy, or trying to understand why the world feels like it's on the edge β€” this video connects the dots.

---

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/iranwarandenergyproduction

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

---

πŸ“© Subscribe for weekly geopolitical breakdowns nobody else is covering.

πŸ‘‡ Drop your thoughts below do you think war with Iran is inevitable?

#iranwar #middleeastconflict #economiccollapse #dollarcollapse #usisraeliranwar #EndTimesProphecy #BiblicalProphecy #IranNuclear #TrumpAgenda #Jerusalem #SecondComingOfJesus #Geopolitics #WorldWar3 #Eschatology #GlobalEconomy

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/makingprofitoutofwar

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

Iran War 2026 | Oil Price Crash, Dollar Collapse & What It Means For Your Money

Oil prices are spiking. Inflation isn't going away. And the Middle East is closer to full-scale war than at any point in the last two decades. If you have savings, investments, or just pay bills this affects you directly.

In this video, economist Steve Keen whose research on private debt warned of financial instability years before the 2008 financial crisis breaks down the real economic consequences of the US-Iran-Israel escalation in 2026, and what ordinary people should actually be doing with their money right now.

This is not a conspiracy video. This is economics.

IN THIS VIDEO:

βœ… Iran War 2026 β€” What's actually happening on the ground and why mainstream coverage is missing the bigger economic picture

βœ… Oil Price Forecast 2026 β€” How Middle East conflict historically drives crude oil prices and what analysts are watching right now

βœ… Dollar Collapse or Dollar Dominance? β€” The real data behind de-dollarization, BRICS currency moves, and US reserve currency risk

βœ… JCPOA Collapse Explained β€” How the breakdown of the Iran nuclear deal reshaped global energy supply chains and what comes next

βœ… US Defense Spending 2026 β€” Who actually benefits from military escalation and what the budget data shows

βœ… US-China-Russia Geopolitics β€” How the three-way competition between Washington, Beijing, and Moscow is redrawing global commodity markets

βœ… Gas Prices Rising β€” The direct link between Middle East instability, oil supply disruption, and what you pay at the pump

βœ… Recession Risk 2026 β€” Are we heading toward a global economic slowdown? Steve Keen explains the indicators worth watching

βœ… How To Protect Your Investments β€”Practical, grounded perspective on navigating market volatility during geopolitical uncertainty

βœ… Federal Reserve & Inflation 2026 β€” How war-driven commodity shocks complicate interest rate decisions and what that means for mortgages, loans, and savings

ABOUT STEVE KEEN:

Steve Keen is a Post-Keynesian economist and author of Debunking Economics. His work on private debt dynamics and financial instability has been cited in academic and policy circles internationally. He is currently a Research Fellow at UCL's Institute for Strategy, Resilience and Security.

WHO THIS IS FOR:

Whether you follow macroeconomics closely or you're simply trying to understand why your cost of living keeps rising while your savings lose value this breakdown is designed to give you real answers, not rage-bait.

If you've searched for:

β€” Iran nuclear deal latest news

β€” oil price prediction 2026

β€” is the dollar collapsing

β€” how war affects the stock market

β€” Middle East conflict economy

β€” Steve Keen 2026

β€” global recession warning signs

β€” how to protect money during inflation

...then this video is exactly what you're looking for.

TIMESTAMPS:

00:00 β€” Introduction: Why This Moment Is Economically Different

01:07 β€” Iran-Israel Escalation: What The Markets Are Actually Pricing In

02:13 β€” Oil Price Analysis: Historical Patterns & 2026 Outlook

03:06 β€” The Dollar: De-dollarization Facts vs. Hype

03:50 β€” Defense Spending & Who Profits From Conflict

06:05 β€” Supply Chain Risk: Gas, Fertilizers, Metals

09:11 β€” Recession Indicators: What Steve Keen Is Watching

13:13 β€” What You Should Actually Do With Your Money Right Now

15:00 β€” Closing: Honest Uncertainty vs. False Certainty

--

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/makingprofitoutofwar

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

--

#stevekeen #iranwar #OilPrices #EconomicCollapse #TrumpAgenda #DollarCollapse #MiddleEastConflict #SteveKeen #USIsraelIranWar #Inflation #GeopoliticsExplained #WorldWar3 #IranNuclear #TrumpIsrael #EnergyMarkets #GlobalEconomy #RebelEconomics

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/irananddollorcollapse

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

---

Our latest analysis begins with a critical look at rising oil prices and the ongoing inflation impacting households globally. We discuss the potential for an economic collapse as geopolitical tensions escalate, particularly within the middle east conflict. This video explains how a potential iran war could reshape the globaleconomy.

We also examine how the potential U.S. withdrawal from Iran and NATO could disrupt global supply chains, affecting critical resources like gas, fertilizers, and metals, potentially leading to a significant supply chain crisis. The discussion extends to recent job loss figures in the united states and the implications for the overall economy. This isn't speculation, it's economics. War reshapes energy. Energy shapes money.

THE IRAN WAR HAS ALREADY BEGUN: And Your Wallet Will Feel It

Oil prices are surging. Inflation is crushing households. And a full-scale Iran war could trigger the biggest economic collapse the modern world has ever seen.

This isn't speculation it's analysis backed by geopolitical facts most channels are afraid to cover.

HOW TRUMP'S RECKLESS DECISIONS ARE ACCELERATING THE U.S. COLLAPSE

While the world watches the Iran crisis unfold, one uncomfortable truth is being ignored Trump's own behaviour is pushing the US economy collapse into overdrive. From erratic foreign policy decisions and unchecked military spending, to trade wars that alienated allies and sanctions that backfired spectacularly, every impulsive move has chipped away at America's global credibility. The Trump dollar collapse isn't just a theory anymore it's the logical consequence of a leader who governed by impulse, not strategy.

πŸ“Œ WHAT WE COVER IN THIS VIDEO:

βœ… How the US-Israel-Iran war escalation could crash global energy markets overnight

βœ… Why the dollar collapse is no longer a conspiracy it's a real risk

βœ… Trump's hidden agenda why Trump backed Israel and what it means for YOU

βœ… Iran's nuclear program: what happens when a rogue state gets the bomb

βœ… The new arms race: how Iran nuclear capability reshapes Middle East alliances

βœ… The role of the US, China & Russia and who really controls the outcome

βœ… End times prophecy decoded: does the Middle East conflict align with Biblical predictions?

βœ… The significance of Jerusalem in Biblical prophecy and the Second Coming of Jesus

βœ… How the JCPOA (Iran nuclear deal) has been rendered obsolete

βœ… What this means for global stability and what you should do NOW

πŸ”₯ The geopolitical landscape is shifting faster than ever. The US-Israel-Iran war isn't just a military story.

---

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/irananddollorcollapse

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).

---

πŸ“© Subscribe for weekly geopolitical breakdowns nobody else is covering.

πŸ‘‡ Drop your thoughts below do you think war with Iran is inevitable?

#stevekeen #iranwar #middleeastconflict #economiccollapse #dollarcollapse #usisraeliranwar #EndTimesProphecy #BiblicalProphecy #irannuclear #trumpagenda #jerusalem #SecondComingOfJesus #geopolitics #worldwar3 #eschatology #globaleconomy

πŸŽ‚πŸ‘‰ 73rd Birthday Workshop. Learn more: https://learn.stevekeen.com/?video=Awj3dHuCKwg

(Applications are OFF for this event - which is never usually the case - until Wednesday, April 1st 11:59 PM EST. No, not an April Fools joke. See all details at link above.

Even get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos, to predict the economy, like I did years before the 2008 Financial Crash happened.)

If not, feel free to skip and enjoy my free content. Link again: https://learn.stevekeen.com/?video=Awj3dHuCKwg

---

THE IRAN WAR HAS ALREADY BEGUN: And Your Wallet Will Feel It

Oil prices are surging. Inflation is crushing households. And a full-scale Iran war could trigger the biggest economic collapse the modern world has ever seen.

This isn't speculation it's analysis backed by geopolitical facts most channels are afraid to cover.

HOW TRUMP'S RECKLESS DECISIONS ARE ACCELERATING THE U.S. COLLAPSE

While the world watches the Iran crisis unfold, one uncomfortable truth is being ignored Trump's own behaviour is pushing the US economy collapse into overdrive. From erratic foreign policy decisions and unchecked military spending, to trade wars that alienated allies and sanctions that backfired spectacularly, every impulsive move has chipped away at America's global credibility. The Trump dollar collapse isn't just a theory anymore it's the logical consequence of a leader who governed by impulse, not strategy. When the most powerful nation on Earth is steered by ego rather than intelligence, the cracks don't just appear they widen into crises. The Iran escalation? Partly a Trump legacy. The inflation spiral? Partly a Trump legacy. And now, ordinary Americans are left to foot the bill for decisions made by a man more concerned with headlines than consequences.

πŸ“Œ WHAT WE COVER IN THIS VIDEO:

βœ… How the US-Israel-Iran war escalation could crash global energy markets overnight

βœ… Why the dollar collapse is no longer a conspiracy it's a real risk

βœ… Trump's hidden agenda why Trump backed Israel and what it means for YOU

βœ… Iran's nuclear program: what happens when a rogue state gets the bomb

βœ… The new arms race: how Iran nuclear capability reshapes Middle East alliances

βœ… The role of the US, China & Russia and who really controls the outcome

βœ… End times prophecy decoded: does the Middle East conflict align with Biblical predictions?

βœ… The significance of Jerusalem in Biblical prophecy and the Second Coming of Jesus

βœ… How the JCPOA (Iran nuclear deal) has been rendered obsolete

βœ… What this means for global stability and what you should do NOW

πŸ”₯ The geopolitical landscape is shifting faster than ever. The US-Israel-Iran war isn't just a military story β€” it's an economic earthquake, a prophetic convergence, and a turning point for humanity.

Whether you're tracking global markets, studying end times prophecy, or trying to understand why the world feels like it's on the edge β€” this video connects the dots.

---

πŸŽ‚πŸ‘‰ 73rd Birthday Workshop. Learn more: https://learn.stevekeen.com/?video=2hrRnQeEEB8

(Applications are OFF for this event - which is never usually the case - until Wednesday, April 1st 11:59 PM EST. No, not an April Fools joke. See all details at link above.

Even get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos, to predict the economy, like I did years before the 2008 Financial Crash happened.)

If not, feel free to skip and enjoy my free content. Link again: https://learn.stevekeen.com/?video=Awj3dHuCKwg

---

πŸ“© Subscribe for weekly geopolitical breakdowns nobody else is covering.

πŸ‘‡ Drop your thoughts below do you think war with Iran is inevitable?

#iranwar #middleeastconflict #economiccollapse #dollarcollapse #usisraeliranwar #EndTimesProphecy #BiblicalProphecy #IranNuclear #TrumpAgenda #Jerusalem #SecondComingOfJesus #Geopolitics #WorldWar3 #Eschatology #GlobalEconomy

πŸ“š Join Steve Keen's 73rd Birthday 'Macro AI Radar' Cohort. Apply here: https://learn.stevekeen.com/?video=EJicZxhhzgc

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos, to predict the economy, like I did years before the 2008 Financial Crash happened.)

The Iran-US War Won't Just Destroy Oil Markets It Will Collapse Bitcoin.

Most economists are focused on oil. But there's a deeper crisis hiding in plain sight and it starts with the energy Bitcoin needs to survive.

In this video, I break down the exact chain reaction no one is talking about: how an Iran-US war disrupts global energy supply, why that kills crypto mining dead, and why Bitcoin's energy dependency makes it the most vulnerable asset of the 21st century.

πŸ“Œ WHAT WE COVER IN THIS VIDEO:

βœ… Why the US Iran war is the single biggest threat to Bitcoin right now

βœ… The hidden link between the Strait of Hormuz, global energy, and Bitcoin mining

βœ… Why crypto's energy consumption becomes catastrophically exposed post-conflict

βœ… How a Bitcoin collapse forces a global return to fiat currency

βœ… The bitcoin prediction no crypto investor wants to hear β€” but needs to

βœ… What the bitcoin analysis data tells us about fragility under geopolitical shock

This isn't speculation it's economics. War reshapes energy. Energy shapes money. And Bitcoin, for all its digital promises, runs on electricity.

This video examines how the ongoing "iran us conflict" highlights Bitcoin's perceived irrelevance, especially when compared to the established stability of "fiat currency". We review the "economic history" of payment systems and discuss the surprising "correlation" between Bitcoin and traditional markets. This analysis provides valuable "financial education" on cryptocurrency in the face of current "geopolitics". πŸš€πŸ“‰

This isn't speculation it's analysis backed by geopolitical facts most channels are afraid to cover.

Our latest analysis focuses on the future of cryptocurrency, particularly in light of ongoing global events. We explore the impact of the iran us conflict on bitcoin today, questioning its role as a stable payment gateway. This video examines recent bitcoin news and provides a comprehensive bitcoin analysis amidst the volatile landscape of the middle east. πŸš€πŸ“‰

HOW TRUMP'S RECKLESS DECISIONS ARE ACCELERATING THE U.S. COLLAPSE

While the world watches the Iran crisis unfold, one uncomfortable truth is being ignored Trump's own behaviour is pushing the US economy collapse into overdrive.The Trump dollar collapse isn't just a theory anymore it's the logical consequence of a leader who governed by impulse, not strategy. When the most powerful nation on Earth is steered by ego rather than intelligence, the cracks don't just appear they widen into crises. The Iran escalation? Partly a Trump legacy. The inflation spiral? Partly a Trump legacy. And now, ordinary Americans are left to foot the bill for decisions made by a man more concerned with headlines than consequences.

βœ… How the US-Israel-Iran war escalation could crash global energy markets overnight

βœ… Why the dollar collapse is no longer a conspiracy it's a real risk

βœ… Trump's hidden agenda why Trump backed Israel and what it means for YOU

βœ… Iran's nuclear program: what happens when a rogue state gets the bomb

βœ… The new arms race: how Iran nuclear capability reshapes Middle East alliances

βœ… The role of the US, China & Russia and who really controls the outcome

βœ… End times prophecy decoded: does the Middle East conflict align with Biblical predictions?

βœ… The significance of Jerusalem in Biblical prophecy and the Second Coming of Jesus

βœ… How the JCPOA (Iran nuclear deal) has been rendered obsolete

βœ… What this means for global stability and what you should do NOW

πŸ”₯ The geopolitical landscape is shifting faster than ever. The US-Israel-Iran war isn't just a military story β€” it's an economic earthquake, a prophetic convergence, and a turning point for humanity.

Whether you're tracking global markets, studying end times prophecy, or trying to understand why the world feels like it's on the edge β€” this video connects the dots.

πŸ“© Subscribe for weekly geopolitical breakdowns nobody else is covering.

πŸ‘‡ Drop your thoughts below do you think war with Iran is inevitable?

#iranwar #middleeastconflict #bitcoinfall #economiccollapse #dollarcollapse #usisraeliranwar #Endtimesprophecy #Biblicalprophecy #IranNuclear #TrumpAgenda #jerusalem #SecondComingOfJesus #geopolitics #worldwar3 #eschatology #globaleconomy #bitcoin #bitcoinminningenergy #bitcoinmining

#bitcoin #bitcoincollapse #bitcoinpredictions #usiranwar #cryptonews #bitcoinmining #cryptocurrency #iranwar #bitcointoday #financialeducation

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/?video=Xg03sAMqokY

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).


THE IRAN WAR HAS ALREADY BEGUN: And Your Wallet Will Feel It

Oil prices are surging. Inflation is crushing households. And a full-scale Iran war could trigger the biggest economic collapse the modern world has ever seen.

This isn't speculation it's analysis backed by geopolitical facts most channels are afraid to cover.


HOW TRUMP'S RECKLESS DECISIONS ARE ACCELERATING THE U.S. COLLAPSE

While the world watches the Iran crisis unfold, one uncomfortable truth is being ignored Trump's own behaviour is pushing the US economy collapse into overdrive. From erratic foreign policy decisions and unchecked military spending, to trade wars that alienated allies and sanctions that backfired spectacularly, every impulsive move has chipped away at America's global credibility. The Trump dollar collapse isn't just a theory anymore it's the logical consequence of a leader who governed by impulse, not strategy. When the most powerful nation on Earth is steered by ego rather than intelligence, the cracks don't just appear they widen into crises. The Iran escalation? Partly a Trump legacy. The inflation spiral? Partly a Trump legacy. And now, ordinary Americans are left to foot the bill for decisions made by a man more concerned with headlines than consequences.


πŸ“Œ WHAT WE COVER IN THIS VIDEO:

βœ… How the US-Israel-Iran war escalation could crash global energy markets overnight

βœ… Why the dollar collapse is no longer a conspiracy it's a real risk

βœ… Trump's hidden agenda why Trump backed Israel and what it means for YOU

βœ… Iran's nuclear program: what happens when a rogue state gets the bomb

βœ… The new arms race: how Iran nuclear capability reshapes Middle East alliances

βœ… The role of the US, China & Russia and who really controls the outcome

βœ… End times prophecy decoded: does the Middle East conflict align with Biblical predictions?

βœ… The significance of Jerusalem in Biblical prophecy and the Second Coming of Jesus

βœ… How the JCPOA (Iran nuclear deal) has been rendered obsolete

βœ… What this means for global stability and what you should do NOW


πŸ”₯ The geopolitical landscape is shifting faster than ever. The US-Israel-Iran war isn't just a military story β€” it's an economic earthquake, a prophetic convergence, and a turning point for humanity.

Whether you're tracking global markets, studying end times prophecy, or trying to understand why the world feels like it's on the edge β€” this video connects the dots.


πŸ“© Subscribe for weekly geopolitical breakdowns nobody else is covering.

πŸ‘‡ Drop your thoughts below do you think war with Iran is inevitable?


#iranwar #middleeastconflict #economiccollapse #dollarcollapse #usisraeliranwar #EndTimesProphecy #BiblicalProphecy #IranNuclear #TrumpAgenda #Jerusalem #SecondComingOfJesus #Geopolitics #WorldWar3 #Eschatology #GlobalEconomy

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/?video=2hrRnQeEEB8

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).


THE IRAN WAR HAS ALREADY BEGUN: And Your Wallet Will Feel It

Oil prices are surging. Inflation is crushing households. And a full-scale Iran war could trigger the biggest economic collapse the modern world has ever seen.

This isn't speculation it's analysis backed by geopolitical facts most channels are afraid to cover.


HOW TRUMP'S RECKLESS DECISIONS ARE ACCELERATING THE U.S. COLLAPSE

While the world watches the Iran crisis unfold, one uncomfortable truth is being ignored Trump's own behaviour is pushing the US economy collapse into overdrive. From erratic foreign policy decisions and unchecked military spending, to trade wars that alienated allies and sanctions that backfired spectacularly, every impulsive move has chipped away at America's global credibility. The Trump dollar collapse isn't just a theory anymore it's the logical consequence of a leader who governed by impulse, not strategy. When the most powerful nation on Earth is steered by ego rather than intelligence, the cracks don't just appear they widen into crises. The Iran escalation? Partly a Trump legacy. The inflation spiral? Partly a Trump legacy. And now, ordinary Americans are left to foot the bill for decisions made by a man more concerned with headlines than consequences.


πŸ“Œ WHAT WE COVER IN THIS VIDEO:

βœ… How the US-Israel-Iran war escalation could crash global energy markets overnight

βœ… Why the dollar collapse is no longer a conspiracy it's a real risk

βœ… Trump's hidden agenda why Trump backed Israel and what it means for YOU

βœ… Iran's nuclear program: what happens when a rogue state gets the bomb

βœ… The new arms race: how Iran nuclear capability reshapes Middle East alliances

βœ… The role of the US, China & Russia and who really controls the outcome

βœ… End times prophecy decoded: does the Middle East conflict align with Biblical predictions?

βœ… The significance of Jerusalem in Biblical prophecy and the Second Coming of Jesus

βœ… How the JCPOA (Iran nuclear deal) has been rendered obsolete

βœ… What this means for global stability and what you should do NOW


πŸ”₯ The geopolitical landscape is shifting faster than ever. The US-Israel-Iran war isn't just a military story β€” it's an economic earthquake, a prophetic convergence, and a turning point for humanity.

Whether you're tracking global markets, studying end times prophecy, or trying to understand why the world feels like it's on the edge β€” this video connects the dots.


πŸ“© Subscribe for weekly geopolitical breakdowns nobody else is covering.

πŸ‘‡ Drop your thoughts below do you think war with Iran is inevitable?


#iranwar #middleeastconflict #economiccollapse #dollarcollapse #usisraeliranwar #EndTimesProphecy #BiblicalProphecy #IranNuclear #TrumpAgenda #Jerusalem #SecondComingOfJesus #Geopolitics #WorldWar3 #Eschatology #GlobalEconomy

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/?video=pZSIJlNpmIU

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).



Our latest analysis begins with a critical look at rising oil prices and the ongoing inflation impacting households globally. We discuss the potential for an economic collapse as geopolitical tensions escalate, particularly within the middle east conflict. This video explains how a potential iran war could reshape the globaleconomy.


The geopolitical landscape is shifting beneath our feet, with the escalating tensions surrounding the us-israel-iran war dominating headlines. But beyond the immediate military and political implications, what deeper significance does this conflict hold?

In this critical analysis, we delve into the intricate web of the iran-us conflict and its profound implications for end times prophecy . We’ll explore how the intensifying middle east conflict resonates with ancient predictions regarding the second coming of jesus and the enduring centrality of jerusalem in biblical prophecy .

Join us as we connect current events with prophetic texts, examining whether these unfolding developments align with long-foretold narratives. We'll unpack the historical and theological layers to understand the potential role of today's conflicts in a larger, prophetic framework.

Don't miss this in-depth discussion on the critical nexus between global geopolitics and the future of faith.



This video examines the escalating "us israel iran war" and its potential implications for "end times prophecy". We discuss how the "iran us conflict" in the "middle east conflict" could align with predictions regarding the "second coming of jesus" and the significance of "jerusalem" in "biblical prophecy"

The world watches with bated breath as iran's nuclear program continues its rapid advancement. What happens when a regional power on the brink acquires the ultimate weapon?

In this urgent analysis, we dissect the complex geopolitical implications of iran becoming a nuclear power . Moving beyond surface-level commentary, we explore the intricate mechanics and potential chain reactions that could destabilize the entire middle east and send shockwaves across the globe.

We’ll examine how this development could reshape international alliances, trigger a new arms race, and impact global energy markets. With tensions already high, a nuclear Iran presents an unprecedented challenge to international security and diplomatic efforts.

Join us as we explore the strategic dilemmas, potential escalations, and the profound questions this raises for the future of peace and stability in one of the world's most volatile regions.


βœ… How iran's nuclear capability could trigger a new regional arms race

βœ… The potential for a complete reshaping of global alliances and international security

βœ… Why this development could lead to unprecedented economic sanctions and market volatility

βœ… The specific threats to countries like israel and the wider Persian Gulf region

βœ… How the iran nuclear deal (JCPOA) might be impacted or rendered obsolete

βœ… The role of major powers like the us , china , and russia in preventing or managing escalation

βœ… The broader risks of nuclear proliferation and its long-term consequences for humanity

The concerns raised echo themes from international relations experts and geopolitical strategists who warn about the fragile balance of power. As nations grapple with this evolving threat, the question of prevention or containment becomes impossible to ignore.

If you want a serious analysis of iran's nuclear ambitions , the potential for regional conflict, and the broader consequences for global stability this video breaks down the geopolitical realities most discussions overlook.


This video delves into the escalating "iran us conflict" and its profound implications for "end times prophecy". We explore how this "middle east conflict" could align with predictions regarding the "second coming of jesus" and the enduring significance of "jerusalem" in "biblical prophecy". Join us as we connect current events with prophetic texts, examining whether these unfolding developments align with long-foretold narratives. πŸš€πŸ“‰


#usisraeliranwar #geopolitics #iranusconflict #middleeastconflict #oil #oilprices #endtimes #Jerusalem #prophecy #currentevents #religiousstudies #worldaffairs #eschatology

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/?video=0LcVfWHbRkI

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened).


The geopolitical landscape is shifting beneath our feet, with the escalating tensions surrounding the us-israel-iran war dominating headlines. But beyond the immediate military and political implications, what deeper significance does this conflict hold?

In this critical analysis, we delve into the intricate web of the iran-us conflict and its profound implications for end times prophecy . We’ll explore how the intensifying middle east conflict resonates with ancient predictions regarding the second coming of jesus and the enduring centrality of jerusalem in biblical prophecy .

Join us as we connect current events with prophetic texts, examining whether these unfolding developments align with long-foretold narratives. We'll unpack the historical and theological layers to understand the potential role of today's conflicts in a larger, prophetic framework.

Don't miss this in-depth discussion on the critical nexus between global geopolitics and the future of faith.



This video examines the escalating "us israel iran war" and its potential implications for "end times prophecy". We discuss how the "iran us conflict" in the "middle east conflict" could align with predictions regarding the "second coming of jesus" and the significance of "jerusalem" in "biblical prophecy"

The world watches with bated breath as iran's nuclear program continues its rapid advancement. What happens when a regional power on the brink acquires the ultimate weapon?

In this urgent analysis, we dissect the complex geopolitical implications of iran becoming a nuclear power . Moving beyond surface-level commentary, we explore the intricate mechanics and potential chain reactions that could destabilize the entire middle east and send shockwaves across the globe.

We’ll examine how this development could reshape international alliances, trigger a new arms race, and impact global energy markets. With tensions already high, a nuclear Iran presents an unprecedented challenge to international security and diplomatic efforts.

Join us as we explore the strategic dilemmas, potential escalations, and the profound questions this raises for the future of peace and stability in one of the world's most volatile regions.


βœ… How iran's nuclear capability could trigger a new regional arms race

βœ… The potential for a complete reshaping of global alliances and international security

βœ… Why this development could lead to unprecedented economic sanctions and market volatility

βœ… The specific threats to countries like israel and the wider Persian Gulf region

βœ… How the iran nuclear deal (JCPOA) might be impacted or rendered obsolete

βœ… The role of major powers like the us , china , and russia in preventing or managing escalation

βœ… The broader risks of nuclear proliferation and its long-term consequences for humanity

The concerns raised echo themes from international relations experts and geopolitical strategists who warn about the fragile balance of power. As nations grapple with this evolving threat, the question of prevention or containment becomes impossible to ignore.

If you want a serious analysis of iran's nuclear ambitions , the potential for regional conflict, and the broader consequences for global stability this video breaks down the geopolitical realities most discussions overlook.


This video delves into the escalating "iran us conflict" and its profound implications for "end times prophecy". We explore how this "middle east conflict" could align with predictions regarding the "second coming of jesus" and the enduring significance of "jerusalem" in "biblical prophecy". Join us as we connect current events with prophetic texts, examining whether these unfolding developments align with long-foretold narratives. πŸš€πŸ“‰



#usisraeliranwar #geopolitics #iranusconflict #middleeastconflict #EndTimesProphecy #BiblicalProphecy #SecondComingOfJesus #Jerusalem #prophecy #currentevents #religiousstudies #worldaffairs #eschatology

πŸ“š Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/?video=dfkXw9hps8E

(Apply this week and get my 3-Book Rebel Economist Bundle as a Free bonus. Plus if you're fully approved by my team, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened)

What happens to Elon Musk if the two biggest technological and financial revolutions of our time suddenly collapse?

From artificial intelligence hype to the explosive rise of Bitcoin, markets have poured trillions into a future built on innovation, speculation, and unprecedented technological optimism. But what if the AI boom stalls and the cryptocurrency market faces a major collapse? The consequences wouldn’t just shake investors they could directly impact some of the most influential companies and figures in the modern economy.


In this in-depth financial breakdown, we analyze how a downturn in AI development and a crash in Bitcoin could reshape the business empire of Elon Musk including companies like Tesla, xAI, and SpaceX. As speculation in AI stocks and crypto markets accelerates, the risks of a tech bubble forming beneath the surface are growing harder to ignore the AI Bubble Burst.


Capital is flooding into AI startups, valuations are soaring, and crypto markets remain highly volatile. At the same time, rising interest rates, tightening credit cycles, and global economic uncertainty are putting pressure on highly speculative sectors.


But here’s the question few people are asking: If the AI and Bitcoin boom collapses, what happens to Elon Musk?


In this video, we explore:


βœ… How an AI market slowdown could impact Elon Musk’s tech ecosystem

βœ… What a Bitcoin crash means for tech investors and innovation funding

βœ… Why speculative tech bubbles have historically ended in major market corrections

βœ… The exposure of companies like Tesla to shifts in AI sentiment

βœ… How crypto volatility could affect Musk’s influence in financial markets

βœ… The broader risks of a tech-driven financial bubble

βœ… Why AI innovation alone may not prevent a tech market crash


The concerns raised echo themes from investors and macro thinkers who warn about technological hype cycles and financial bubbles. As trillions flow into AI infrastructure and digital assets, the question of sustainability is becoming impossible to ignore.


If you want serious analysis of AI market risks, Bitcoin volatility, and the potential consequences for Elon Musk’s business empire β€” this video breaks down the economic realities most discussions overlook.


The future of technology may be brighter than ever but if the AI and crypto boom collapses, the fallout could be far bigger than anyone expects. πŸš€πŸ“‰


πŸ“š Learn 50+ years of Real Economics in only 7 Weeks. Apply here, and get my 3-Book Rebel Economist Bundle as a Free bonus: https://www.stevekeen.com/?video=dfkXw9hps8E

(Plus if you're fully accepted, get RavelΒ© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened)



#stevekeen #elonmuskai #aibubble #teslacrash #USecconomycollapse #dollarcollapse #economiccollapse #globaleconomy #aibubble #usiranwar #newworldorder #uschina #donaldtrump

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

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


David Lorentzon is a demographer and researcher in Sweden who is advocating for a Modern Debt Jubilee, and Post-Keynesian economic analysis, from within the political right. His YouTube Channel is https://www.youtube.com/@Davidlorentzon.


In this podcast, Prof. Steve Keen discussed the major issues like One year into Trump 2.0: How the world has changed.Is the U.S. dollar on the brink of collapse? Renowned economist Professor Steve Keen issues a dire warning about a coming financial storm that most economists are blind to. While the world focuses on the AI boom and tech sector promises, a far more dangerous sovereign debt crisis is brewing in global bond markets.


Decades of debt-fueled growth, reckless Trump-era fiscal policies, and Wall Street dominance have left the U.S. dollar and the global financial system dangerously vulnerable. As foreign investors pull back from U.S. Treasury bonds, inflation pressures rise, and credit cycles hit their limit, ordinary Americans face the reality of working past 65 and navigating a collapsing financial safety net.


In this critical analysis, Professor Keen explains why the current neoliberal economic model built on unsustainable debt, deregulation, and financial illusions cannot withstand the next shock. The AI boom, often hailed as a solution, is no safeguard; technology cannot fix a broken credit system.


Amidst a challenging economy, public concern over economic conditions is fueling scrutiny of major political events. From donald trump's Epstein files and ongoing presidential scandals to debates surrounding tariffs and the 'Great Health Care Plans' and the 'Big Beautiful Bill,' every policy and event is now intensely questioned by the public.


Topics covered in this video:

βœ… De-Dollarization Threat: Why the global shift away from the U.S. dollar is gaining momentum

βœ… Dollar Collapse Risk: How Trump’s policies reshaped debt markets and eroded dollar dominance

βœ… Bond Market Warnings: Why selling U.S. debt is becoming harder and the risks this poses to the economy

βœ… Inflation & Credit Crunch: How rising inflation and a tighter credit cycle threaten households and retirees

βœ… AI Hype vs. Reality: Why artificial intelligence cannot prevent structural financial failure

βœ… Economic Reckoning: The potential consequences for the U.S. economy, ordinary Americans, and global markets


If you want to understand the forces threatening the U.S. dollar, sovereign debt stability, and the future of the global economy, this video is a must-watch.


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)



#usdebtcrisis #stevekeen #economiccollapse #bondmarket #usdebtcrisis #creditcrunch #neoliberalism #globaleconomy #aibubble

Download my 3-Book Rebel Economist Bundle (Free this week here): https://www.stevekeen.com/?video=v5LeZipKp78

Learn 50+ years of Real Economics in only 7 Weeks; Apply here: https://apply.stevekeen.com

(Plus get RavelΒ© - the economic visualization software I use in my YouTube videos, to predict the economy - as a bonus if you’re accepted and join.)

The Start Of A New World Order and Why the new world order will be worse than you think

Is the global financial system entering a new phase of instability?


What happens to the China economy when America's financial system finally breaks? As the US debt crisis deepens and the threat of a US dollar collapse grows, the shockwaves won't stop at American borders they'll reshape the entire global order, starting with China.

In this in-depth financial education breakdown, we analyze how a full-scale US economy collapse would trigger cascading consequences across China's export-driven economy, the stock market, and the global financial crisis already forming beneath the surface.

De-dollarization is accelerating. Trump tariffs have fractured US China trade relations. Foreign buyers are pulling back from U.S. Treasury bonds. Credit cycles are tightening. And inflation pressures refuse to ease.

But here's the question nobody's asking: If America falls, does China rise or fall harder?

In this video, we explore:

βœ… How a US economy collapse directly impacts China's growth model

βœ… The US dollar collapse and what de-dollarization means for the yuan

βœ… Why the US debt crisis is a ticking time bomb for global trade

βœ… Stock market crash 2026 scenarios and how China is exposed

βœ… The role of Trump tariffs and the US China tariff war in accelerating economic fractures

βœ… Why AI and tech innovation can't fix structural global financial crisis risks

βœ… Bond market stress, sovereign debt instability, and the limits of debt-driven growth

βœ… What Xi Jinping's economic strategy looks like in a post-dollar world

The concerns raised echo themes from Ray Dalio's work on economic cycles and global monetary transitions. As fiscal policy debates intensify and public trust in institutions weakens, the scrutiny over inflation, debt expansion, and long-term economic sustainability has never been higher.

If you want serious analysis of the changing global economy, US dollar collapse risks, the China economy fallout, and what this means for the future of investing and finance β€” this video delivers the insight most channels won't touch.

The world order is shifting faster than most investors realize. China's fate may be tied to America's more than anyone wants to admit.



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. Curious Minds, Engineers, and Finance Professionals 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.


Download my 3-Book Rebel Economist Bundle (Free this week here): https://www.stevekeen.com

Learn 50+ years of Real Economics in only 7 Weeks; Apply here: https://apply.stevekeen.com


(Plus get RavelΒ© - the economic visualization software I use in my YouTube videos, to predict the economy - as a bonus if you’re accepted and join.)


#stevekeen #worldorder #changingworldorder #chinausrelations #USecconomycollapse #dollarcollapse #economiccollapse #globaleconomy #aibubble #usiranwar #newworldorder #uschina #donaldtrump

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

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


Why is the U.S. struggling to sell its debt in 2026? Renowned economist Steve Keen delivers a revolutionary truth: this isn’t a personal finance failure or a demographic problem. It’s the inevitable collapse of a neoliberal economic model built on debt, deregulation, and financial illusion.

In this must-watch video, Steve Keen breaks down how decades of runaway private debt, deficit denial, and flawed economic theory have pushed the U.S. toward a sovereign debt crisis and collapsing retirement security. He challenges the common narrative that rising interest is the unassailable enemy, revealing instead that the real issue is an economic system that makes even manageable interest payments unsustainable due to its deep-seated debt structure. Keen shows us that the "interest problem" can be solved by fundamentally rethinking our debt-driven economy.

Using historical data, accounting-based economics, and system-dynamics models, Keen explains how mainstream economists ignored banks, money creation, and credit cycles leading directly to disasters like the 2008 financial crash, the growing pension crisis, and today’s unprecedented Treasury demand collapse.

Keen dismantles the myth that markets self-correct and reveals how this belief drove reckless deregulation, Wall Street dominance, failed trade policy, and unsustainable government borrowing. As global buyers pull back from U.S. debt, the consequences are now hitting workers, retirees, and the real economy.

Don't miss this critical analysis of the current economic crisis and the future of capitalism. Understand why the system is failing and what Steve Keen proposes to solve the underlying issues, including the misperceived "interest problem."


βœ… Why the U.S. debt market is breaking down

βœ… Neoliberalism & its economic impact

βœ… Why mainstream economics failed to predict every major crash

βœ… Private debt vs. public debt

βœ… Solving the interest problem in economics

βœ… What comes next for the U.S. economy


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#stevekeeneconomics #usdebtcrisis #retirementcrisis #investing #economicsexplained #financialeducation #economics #money #Macroeconomics #usgovernment #personalfinance

Download my 3-Book Rebel Economist Bundle (Free this week here): https://www.stevekeen.com

Learn 50+ years of Real Economics in only 7 Weeks; Apply here: https://apply.stevekeen.com

(Plus get RavelΒ© - the economic visualization software I use in my YouTube videos, to predict the economy - as a bonus if you’re accepted and join.)


The Start Of A New World Order and Why the new world order will be worse than you think

Is the global financial system entering a new phase of instability?


Renowned economist Steve Keen warns that beneath the surface of stock market optimism and AI-driven excitement, a deeper crisis may be forming one rooted in sovereign debt, fragile bond markets, and inflation risk tied to the U.S. dollar.

As the world order shifts, the dominance of the dollar is increasingly questioned. De-dollarization trends are gaining momentum. Foreign buyers are stepping back from U.S. Treasury bonds. Credit cycles are tightening. Inflation pressures remain persistent.

While many investors focus on artificial intelligence and tech valuations, this analysis asks a harder question: Can innovation offset decades of debt-fueled economic expansion?

In this in-depth financial education breakdown, we explore:

βœ… The changing world order and threats to dollar dominance

βœ… Economy collapse scenarios tied to sovereign debt instability

βœ… Inflation risk and its long-term impact on households and retirees

βœ… Bond market stress and the limits of debt-driven growth

βœ… Why AI and machine productivity cannot fix structural financial imbalances

βœ… The implications for finance, business, and the stock market

The concerns raised echo themes discussed by Ray Dalio, particularly around economic cycles and global monetary transitions highlighted in Principles for Success.

As fiscal policy debates intensify and public trust in institutions weakens, scrutiny over inflation, debt expansion, and long-term economic sustainability continues to rise. How the US & Israel attack Iran a 6000 Year History.

If you want a serious analysis of the changing global economy, dollar collapse risks, inflation threats, and what this means for the future of finance, this video provides critical insight.

The world order may be shifting faster than most investors realize.


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. Curious Minds, Engineers, and Finance Professionals 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.


Download my 3-Book Rebel Economist Bundle (Free this week here): https://www.stevekeen.com

Learn 50+ years of Real Economics in only 7 Weeks; Apply here: https://apply.stevekeen.com


(Plus get RavelΒ© - the economic visualization software I use in my YouTube videos, to predict the economy - as a bonus if you’re accepted and join.)


#stevekeen #worldorder #changingworldorder #USecconomycollapse #dollarcollapse #economiccollapse #globaleconomy #aibubble #usiranwar #newworldorder #uschina #donaldtrump

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

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


Why is the retirement crisis forcing millions to work past 65? It isn't a failure of personal savings, it is a direct result of neoliberalism. In this video, Steve Keen uses historical analysis, accounting consistency, and system-dynamics models to explain how modern finance drifted away from reality and toward abstract mathematical elegance.

By excluding banks, money creation, and private debt from dominant models, mainstream economists have repeatedly failed to anticipate systemic breakdowns like the 2008 financial crisis. Keen challenges the dangerous belief that markets automatically self-correct a view that has shaped disastrous policy on investing, US trade, and deregulation.

In this video, we cover:


βœ… The Real Cause:

How ignoring debt dynamics led to misdiagnosing recessions and underestimating the fragility of the US economy.


βœ… Historical Parallels:

Lessons from the Great Depression and how they apply to the fears of a 2025 financial crisis.


βœ… Future Risks:

Why conventional economics struggles to explain rising inequality and the warning signs of a US economy crash or 2025 Depression.


βœ… Global Impact:

How the US trade deficit and current trade war debates under leaders like Donald Trump fit into the broader world economy crash narrative.


If we want to fix the retirement crisis and prevent another economic crash 2026, we must restore financial realism to economics.


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#worldeconomy #retirement #neoliberalism #debtdynamics #economicsexplained #systemdynamics #economics #money #Macroeconomics #usgovernment

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

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


Why are millions of Americans being forced to work past 65 and why is the U.S. struggling to sell its debt in 2026? According to renowned economist Steve Keen, this isn’t a personal finance failure or a demographic problem t’s the inevitable collapse of a neoliberal economic model built on debt, deregulation, and financial illusion.


In this video, Steve Keen breaks down how decades of runaway private debt, deficit denial, and flawed economic theory have pushed the U.S. toward a sovereign debt crisis, collapsing retirement security and exposing the limits of modern finance. Using historical data, accounting-based economics, and system-dynamics models, Keen explains how mainstream economists ignored banks, money creation, and credit cycles leading directly to disasters like the 2008 financial crash, the pension crisis, and today’s Treasury demand collapse.


Keen dismantles the myth that markets self-correct and reveals how this belief drove reckless deregulation, Wall Street dominance, failed trade policy, and unsustainable government borrowing. As global buyers pull back from U.S. debt and interest payments explode, the consequences are now hitting workers, retirees, and the real economy.


βœ… Why the U.S. debt market is breaking down

βœ… How private debt destroyed retirement security

βœ… Why mainstream economics failed to predict every major crash

βœ… The real reason pensions are collapsing

βœ… Why working past 65 is becoming the new normal

βœ… What comes next for the U.S. economy


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#stevekeeneconomics #usdebtcrisis #retirementcrisis #debtdynamics #economicsexplained #systemdynamics #economics #money #Macroeconomics #usgovernment

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

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


AI bubble is bursting?


While the world is distracted by the hype around artificial intelligence, a far more dangerous reality is brewing in the bond markets. In this video, Professor Steve Keen warns that AI won't be the savior of the global economy in fact, the bursting of the ai bubble might just be the trigger for a sovereign debt crisis.

We are witnessing the inevitable collapse of a neoliberal economic model built on debt, deregulation, and financial illusion. While millions of Americans are forced to work past 65 and the U.S. struggles to sell its debt in 2026, the tech sector's promise of infinite productivity is colliding with the hard math of a credit crunch.

Keen dismantles the myth that markets (or AI) self-correct, revealing how ignored credit cycles and reckless Wall Street dominance have pushed the system to the brink. As global buyers pull back from U.S. Treasury bonds, the consequences are hitting the real economyβ€”and no algorithm can print the productivity needed to pay the bill.

In this video, we cover:

βœ… The AI Illusion: Why technology cannot fix a broken credit system

βœ… The 2026 Crisis: Why the U.S. is struggling to sell its debt right now

βœ… Retirement Reality: Why working past 65 is the new normal

βœ… System Failure: How mainstream economics ignored the warning signs

βœ… The Verdict: Will the AI crash finally break the US debt market?

Ready to see if ai can really save us from the looming debt crisis? Watch now to unlock the secrets!

Elon Musk "In 36 months, the cheapest place to put AI will be space”?

Elon Musk on Artificial Intelligence?


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)



#SteveKeen #AIBubble #elonmusk #elonmuskai #EconomicCollapse #DebtCrisis #Economics #financialcrisis

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

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


Using historical analysis, accounting consistency, and system-dynamics models, Steve Keen explains how modern finance and economic theory drifted away from real-world institutions toward abstract mathematical elegance. By excluding banks, US debt, money creation, and private credit from dominant models, mainstream economists repeatedly failed to anticipate major stock market news events, financial instability, and systemic breakdowns.


Keen challenges the belief that markets automatically self-correct, a view that has shaped policy decisions around investing, US trade, and deregulation for decades. From the 1929 financial crisis and the Great Depression to the 2008 financial crisis, he shows how ignoring debt dynamics led to misdiagnosing recessions, underestimating trade deficits, and misunderstanding the fragility of the US economy.


As debates around trade war, US trade war, and US trade deficit resurfaceβ€”particularly under leaders like Donald Trumpβ€”Keen’s work highlights why conventional economics struggles to explain rising inequality, asset bubbles, and recurring crashes. These failures raise serious concerns about US economy 2025 prediction narratives, fears of a US economy crash, and the risk of a 2025 financial crisis or even a 2025 Depression.


Drawing lessons from the 1929 depression, the 2008 depression, and ongoing US economy updates, Keen argues that rebuilding economics requires restoring financial realism, history, and debt dynamics to the center of analysis. Without this shift, policymakers risk repeating the same mistakes fueling a potential US economy crisis and a broader world economy crash, echoing past episodes of economy crisis worldwide.


In this breakdown, you’ll discover:

βœ… Government Spending & Taxes: How deposits rise and taxes fallβ€”what actually impacts Americans’ wallets.

βœ… Bank Reserves 101: What banks canβ€”and can’tβ€”do with reserves, and why it doesn’t relieve high-cost debt.

βœ… Deficit Mechanics: Why deficits create money and reserves, and why surpluses can worsen economic stress.

βœ… Eight Key Entries: How government money creation works behind the scenes beyond basic double-entry.

βœ… Borrowing from the Private Sector: The accounting myth that misleads policymakers and the public.

βœ… OMOs & QE Explained: When these tools create real moneyβ€”and when they fail to.

βœ… Money Data Since 2000: Most new money has been private credit, fueling debt pressures.

βœ… Government Negative Financial Equity: Why it’s necessary, but why Americans still feel the squeeze from high-cost debt.


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#worldeconomy #economics #economicsystem #useconomy #BankingSystem #QE #economics #money #Macroeconomics #usgovernment

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

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


The world is distracted by the AI boom, but a far more dangerous sovereign debt crisis is brewing, Why governments are 'addicted' to debt. Threatening an impending financial collapse and a bond market crash that most are failing to see. Renowned economist Professor Steve Keen delivers a chilling warning: decades of unchecked debt, reckless fiscal policies, and Wall Street's influence have left the U.S. dollar and global financial system terrifyingly vulnerable.

Inside this critical analysis, discover: The Debt Paradox

How the looming $10 trillion debt wall connects to the US debt crisis.

Why foreign investors withdrawing from U.S. Treasury bonds signals an escalating inflation crisis and credit crunch.

Why the AI boom won't save us from a fundamentally broken credit system.

The true state of our financial future and what it means for ordinary Americans facing a collapsing financial safety net. When Does US Debt Become Genuinely Bad?


Professor Keen dissects why our current economic model is ill-equipped for the coming shock. This isn't just a forecast; it's a desperate call to understand the reality. Don't miss this crucial economic warning!


Topics covered in this video:

βœ… De-Dollarization Threat: Why the global shift away from the U.S. dollar is gaining momentum

βœ… Dollar Collapse Risk: How Trump’s policies reshaped debt markets and eroded dollar dominance

βœ… Bond Market Warnings: Why selling U.S. debt is becoming harder and the risks this poses to the economy

βœ… Inflation & Credit Crunch: How rising inflation and a tighter credit cycle threaten households and retirees

βœ… AI Hype vs. Reality: Why artificial intelligence cannot prevent structural financial failure

βœ… Economic Reckoning: The potential consequences for the U.S. economy, ordinary Americans, and global markets


If you want to understand the forces threatening the U.S. dollar, sovereign debt stability,

How America's Debt Spiral Could Spark The Next Crisis? and the future of the global economy,

How Bond Investing Can Still (Sometimes) Fail?

this video is a must-watch.


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#FinancialCollapse #BondMarketCrash #stevekeen #SovereignDebtCrisis #DollarCollapse #SteveKeen #EconomicCrisis #InflationCrisis #USTreasury #CreditCrunch #GlobalEconomy

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

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


In Lecture 0 of the Rebel Economist Challenge, Professor Steve Keen dismantles some of the most persistent myths shaping today’s economic policy. He reveals how high-cost private debt is crushing American households and why current U.S. policies are quietly steering the economy toward another systemic crisis.


Using clear double-entry accounting and Ravel visualizations, Keen explains how private bank lending, not government spending, creates the majority of money in circulation, why government deficits actually expand deposits and bank reserves, and how open-market operations merely reshuffle financial assets without generating real wealth.


Challenging the austerity narrative, Keen argues that the real solution is not spending cuts or higher interest rates, but a Modern Debt Jubilee, a bold reset that cancels unpayable debts, repairs balance sheets, and restores sustainable economic growth without relying on the illusion of β€œmoney printing.”


This lecture sets the foundation for the Rebel Economist Challenge, equipping you with the tools to see how the monetary system truly worksβ€”and why changing it is no longer optional.


In this breakdown, you’ll discover:

βœ… Government Spending & Taxes: How deposits rise and taxes fallβ€”what actually impacts Americans’ wallets.

βœ… Bank Reserves 101: What banks canβ€”and can’tβ€”do with reserves, and why it doesn’t relieve high-cost debt.

βœ… Deficit Mechanics: Why deficits create money and reserves, and why surpluses can worsen economic stress.

βœ… Eight Key Entries: How government money creation works behind the scenes beyond basic double-entry.

βœ… Borrowing from the Private Sector: The accounting myth that misleads policymakers and the public.

βœ… OMOs & QE Explained: When these tools create real moneyβ€”and when they fail to.

βœ… Money Data Since 2000: Most new money has been private credit, fueling debt pressures.

βœ… Government Negative Financial Equity: Why it’s necessary, but why Americans still feel the squeeze from high-cost debt.


β€’ The government deficit isn’t a flaw in the system it is the mechanism that creates net financial assets for the private sector.


β€’ Bank reserves are balances held between commercial banks and the central bank. They enable payments and bond settlement; they are not money you spend in the real economy.


β€’ Open-market operations don’t automatically create new wealth. When the central bank buys assets from banks, it simply swaps one asset for another; purchases from non-banks are the cases that expand money holdings.


β€’ Loanable-funds theory fails at the starting line. By ignoring endogenous money creation, it artificially inflates government debt and misrepresents how the financial system actually works.


β€’ When accounting is done correctly, government negative financial equity is the mirror image of private-sector positive equity, they are two sides of the same balance sheet.


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#worldeconomy #economics #economicsystem #useconomy #BankingSystem #QE #economics #money #Macroeconomics #usgovernment

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

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


Is the U.S. dollar on the brink of collapse? Renowned economist Professor Steve Keen issues a dire warning about a coming financial storm that most economists are blind to. While the world focuses on the AI boom and tech sector promises, a far more dangerous sovereign debt crisis is brewing in global bond markets.


Decades of debt-fueled growth, reckless Trump-era fiscal policies, and Wall Street dominance have left the U.S. dollar and the global financial system dangerously vulnerable. As foreign investors pull back from U.S. Treasury bonds, inflation pressures rise, and credit cycles hit their limit, ordinary Americans face the reality of working past 65 and navigating a collapsing financial safety net.


In this critical analysis, Professor Keen explains why the current neoliberal economic model built on unsustainable debt, deregulation, and financial illusions cannot withstand the next shock. The AI boom, often hailed as a solution, is no safeguard; technology cannot fix a broken credit system.


Topics covered in this video:

βœ… De-Dollarization Threat: Why the global shift away from the U.S. dollar is gaining momentum

βœ… Dollar Collapse Risk: How Trump’s policies reshaped debt markets and eroded dollar dominance

βœ… Bond Market Warnings: Why selling U.S. debt is becoming harder and the risks this poses to the economy

βœ… Inflation & Credit Crunch: How rising inflation and a tighter credit cycle threaten households and retirees

βœ… AI Hype vs. Reality: Why artificial intelligence cannot prevent structural financial failure

βœ… Economic Reckoning: The potential consequences for the U.S. economy, ordinary Americans, and global markets


If you want to understand the forces threatening the U.S. dollar, sovereign debt stability, and the future of the global economy, this video is a must-watch.


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)



#dollarcollapse #USecconomycollapse #SteveKeen #EconomicCollapse #BondMarket #USDebt #CreditCrunch #Neoliberalism #GlobalEconomy #aibubble

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

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


This Economic Bubble is About to Burst & Most Economists Are BLIND to It!


While the world is fixated on the artificial intelligence boom, a silent and far more dangerous crisis is brewing in the global bond markets. In this critical video, Professor Steve Keen, a top economist, issues a dire warning: the bursting of the ai bubble could directly trigger a devastating sovereign debt crisis.

Discover why the neoliberal economic model, built on unsustainable debt, deregulation, and pure financial illusion, is on the brink of collapse. As millions face the reality of working past and the U.S. struggles to sell its debt in 2026, the tech sector's promise of infinite productivity is colliding head-on with a harsh credit crunch.

Professor Keen masterfully dismantles the myth that markets, or even advanced AI, can simply "self-correct." He reveals how decades of ignored credit cycles and reckless Wall Street dominance have pushed our economic system to its absolute limit. With global buyers now pulling back from U.S. Treasury bonds, the consequences are rapidly hitting the real economy – and no algorithm will be able to print the productivity needed to pay the bill.

In this video, we cover:

βœ… The ai illusion: Why technology cannot fix a broken credit system

βœ… The 2026 crisis: Why the U.S. is struggling to sell its debt right now

βœ… retirement reality: Why working past 65 is the new normal

βœ… System Failure: How mainstream economics ignored the warning signs

βœ… The Verdict: Will the ai crash finally break the US debt market?

Don't miss this essential analysis that reveals why economists are blind to the next financial crisis and how it will impact 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 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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)



#AIBubble #SovereignDebt #FinancialCrisis #SteveKeen #EconomicCollapse #BondMarket #USDebt #CreditCrunch #Neoliberalism #GlobalEconomy

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

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


Top Economist Steve Keen reveals how high-cost debt is crushing Americans and why current U.S. policies are steering the economy toward crisis. He explains, with clear double-entry accounting and Ravel visualizations, how private bank lending still creates most of the money in circulation, why government deficits actually increase deposits and reserves, and how open-market operations simply shuffle assets without generating real wealth. Keen argues that the true solution isn’t austerity but a Modern Debt Jubileeβ€”a bold reset that cancels unpayable debts, restores balance sheets, and revives real economic growth without relying on the illusion of β€œprinting money.”


In this breakdown, you’ll discover:

βœ… Government Spending & Taxes: How deposits rise and taxes fallβ€”what actually impacts Americans’ wallets.

βœ… Bank Reserves 101: What banks canβ€”and can’tβ€”do with reserves, and why it doesn’t relieve high-cost debt.

βœ… Deficit Mechanics: Why deficits create money and reserves, and why surpluses can worsen economic stress.

βœ… Eight Key Entries: How government money creation works behind the scenes beyond basic double-entry.

βœ… Borrowing from the Private Sector: The accounting myth that misleads policymakers and the public.

βœ… OMOs & QE Explained: When these tools create real moneyβ€”and when they fail to.

βœ… Money Data Since 2000: Most new money has been private credit, fueling debt pressures.

βœ… Government Negative Financial Equity: Why it’s necessary, but why Americans still feel the squeeze from high-cost debt.


Key insights:

β€’ Deficit is not a bug β€” it’s the feature that creates net financial assets for the private sector.

β€’ Reserves are bank-to-central-bank balances; they support payments and bond settlement, not your latte.

β€’ Open-market operations with non-banks can create money; purchases from banks swap assets inside the banking system.

β€’ Loanable-funds thinking explodes government debt in theory because it excludes money creation in the first place.

β€’ Accounting done properly shows government negative financial equity mirrors private positive equity.


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#usshutdown #usdebtcrisis #useconomy #BankingSystem #QE #economics #money #Macroeconomics #usgovernment

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

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


AI bubble is bursting?


While the world is distracted by the hype around artificial intelligence, a far more dangerous reality is brewing in the bond markets. In this video, Professor Steve Keen warns that AI won't be the savior of the global economy in fact, the bursting of the 65 ai bubble might just be the trigger for a sovereign debt crisis.

We are witnessing the inevitable collapse of a neoliberal economic model built on debt, deregulation, and financial illusion. While millions of Americans are forced to work past 65 and the U.S. struggles to sell its debt in 2026, the tech sector's promise of infinite productivity is colliding with the hard math of a credit crunch.

Keen dismantles the myth that markets (or AI) self-correct, revealing how ignored credit cycles and reckless Wall Street dominance have pushed the system to the brink. As global buyers pull back from U.S. Treasury bonds, the consequences are hitting the real economyβ€”and no algorithm can print the productivity needed to pay the bill.

In this video, we cover:

βœ… The AI Illusion: Why technology cannot fix a broken credit system

βœ… The 2026 Crisis: Why the U.S. is struggling to sell its debt right now

βœ… Retirement Reality: Why working past 65 is the new normal

βœ… System Failure: How mainstream economics ignored the warning signs

βœ… The Verdict: Will the AI crash finally break the US debt market?



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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)



#SteveKeen #FinancialCrisis #AIBubble #EconomicCollapse #DebtCrisis #Economics

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

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


Is the "US Debt Crisis" actually an economic lie?


While pundits like Niall Ferguson warn of a 2026 economic collapse, the accounting reality tells a different story. In this video, Steve Keen dismantles the alarmist myth surrounding the National Debt and Fiat money, and reveals why the US government can't go bankrupt like a household because of national debt.


Using his Ravel simulation software, Steve exposes the "household analogy" trap, the dangerous myth that currency-issuing governments must balance their checkbooks. Discover why government deficits are actually the mathematical source of private sector wealth, and how austerity measures based on bad economics could trigger the very crash we're trying to avoid.


In this breakdown:


- The "Debt Crisis" Hoax: Why financial assets require government liabilities.

- Steve Keen vs. Niall Ferguson: Debunking the "Great Power" collapse theory.

- The 2026 Outlook: Why the real danger isn't debt, but the fear of debt.

- Money Creation 101: How the Federal Reserve and Treasury actually interact.

- The Ravel Model: Visualizing why deficits create private savings.


Main Topics Covered:

- The "National Debt" Myth and Fiat Money

- Economic Gaslighting and Societal Burnout

- Warfare vs. Welfare: The Historical Shift

- The Expert's Mistake: Ignoring Bookkeeping

- Visualizing the System with Ravel (Minsky)

- The Conservation Law of Finance

- Private Money vs. Government Money

- The Deficit Seesaw

- How Taxes Actually Work in the Model

- Spending as Money Creation

- The Treasury, Central Bank, and the "Overdraft"

- Prioritizing Humanity Over Fiscal Fallacies



Why this matters?

If we don't understand the difference between Fiat money and private borrowing, we risk destroying essential services like healthcare and education to "pay back" a debt that sustains our economy.



What did you think? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, and government actually work

Share to help others move beyond textbook myths


-----


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#macroeconomics #financialliteracy #usdebtcrisis #EconomicCollapse2026 #NiallFerguson #MoneyCreation #FederalReserve #Economics #Ravel #Minsky #stevekeen

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

(Plus get Ravel β€” the economic visualization software we reference in this episode β€” 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 β€œtheory 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 Steve agrees with MMT on government money creation and where he pushes back on trade.


In this episode, you’ll hear:

βœ… β€œTextbooks are teaching a lie”: how clean curves hide messy realities

βœ… Why equilibrium thinking and perfect-competition myths mislead students and policymakers

βœ… The second-best insight: removing one β€œdistortion” can make outcomes worse

βœ… Cambridge Capital Controversies and Samuelson’s quiet concession β€” and why it never reached textbooks

βœ… Double-entry as first principles for money and macro, not supply–demand parables

βœ… Where Steve aligns with MMT on deficits and money creation β€” and why he disputes β€œexports are a cost, imports a benefit”

βœ… Climate economics under fire: why trivializing risk derails the response we need

βœ… What Ravel brings to monetary and macro modeling (and what’s coming next)


Key insights:

β€’ Start from accounting and definitions, not analogies.

β€’ Sectoral balances are conservation laws: one sector’s surplus is another’s deficit.

β€’ You can’t fix macro with micro parables; you need dynamic, accounting-consistent models.

β€’ Honest economics welcomes critique β€” even of our own side β€” when the data and logic demand it.



What should Steve and Richard tackle next β€” deep dive on double-entry and Ravel, or a full episode on climate economics? Tell us below.


Subscribe for reality-based economics

Like if this challenged the textbook stories you were taught

Share to spark better debates in policy and classrooms


Connect

Steve Keen β€” Website: https://stevekeen.com


Who are the guests?


Dr. Steve Keen is an economist known for accounting-consistent, dynamic models of money and debt, and the creator of the Minsky and Ravel tools. He challenges textbook myths with operational mechanics.


Prof. Richard Murphy, a political economist, author of the Funding the Future blog, and a long-time critic of the failed ideas driving our economy, known for clear explanations of how real-world accounts should shape economic debate.


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


(Plus get Ravel β€” the software discussed in this podcast β€” as a bonus if you’re accepted and join.)


#SteveKeen #Economics #DoubleEntry #RichardJMurphy #MMT #Ravel #CambridgeControversies #SecondBest #economicpolicy #economicrecovery #economicimpact

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

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


Why are mainstream economists still teaching the same theories that failed to predict the 2008 Global Financial Crisis? According to renowned economist Steve Keen, the answer lies in a fatal obsession with "equilibrium." While the real world is defined by disruption, volatility, and constant change, neoclassical economics relies on a stagnant model that assumes markets always return to a state of balance, a belief that even the creators of those theories eventually abandoned.


In this video, Steve Keen breaks down why the "equilibrium" mindset is not just mathematically primitive, but dangerous. He explains how this flawed methodology ignored the role of private debt and banking, leading directly to the 2008 crash and the deeply imbalanced economy we face in 2026. Using his proprietary Ravel software and complex system dynamics, Keen demonstrates that capitalism is inherently cyclical and unstable, requiring a radical shift toward "Rebel Economics" to understand the shocks and disturbances of the real world.


Dr. Steve Keen dismantles the myth of self-correcting markets and reveals how relying on micro-foundations to explain macroeconomics is a scientific fallacy. From the warnings of Irving Fisher to the modern breakthroughs of system dynamics, this video provides a roadmap for an economics that actually works.


What You’ll Learn:

βœ… The Equilibrium Myth: Why the very people who invented equilibrium thinking (Fisher and Hicks) later rejected it.


βœ… Why the 2008 Crash Was "Invisible": How neoclassical models are designed to ignore the dark corners of financial chaos.


βœ… Chaos Theory & Economics: How Edward Lorenz’s discoveries in meteorology prove that real-world systems are normally far from equilibrium.


βœ… The 4 Incontestable Definitions: A superior way to build macroeconomics using wages, employment, private debt, and government deficits.


βœ… Minsky’s Financial Instability Hypothesis: Why private debtβ€”not government spendingβ€”is the true engine of economic breakdown.


βœ… The Role of "Big Government": How counter-cyclical spending acts as a stabilizer for an inherently unstable system.


What did you think of the critique of neoclassical "micro-foundations"? Share your thoughts on whether equilibrium has any place in modern policy below.


Subscribe for reality-based economics.


Like if this clarified why the "consensus" of economists is often wrong.


Share to help others move beyond textbook myths and understand the true dynamics of debt.


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.


Curious minds, engineers, and finance professionals will appreciate his methodical breakdown of economic phenomena and his development of the Minsky and Ravel software, which model financial instability through the lens of complex systems theory. Dr. Steve Keen’s work is essential for anyone seeking a deeper understanding of the forces that drive booms, busts, and the evolution of the global economy.


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


#moneycreation #equilibrium #systemdynamics #privatedebt #economics #macroeconomics #financialcrisis #ravel #minsky #economicrealism #stevekeeneconomics

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

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


Why is the U.S. struggling to sell its debt in 2026? Renowned economist Steve Keen delivers a revolutionary truth: this isn’t a personal finance failure or a demographic problem. It’s the inevitable collapse of a neoliberal economic model built on debt, deregulation, and financial illusion.

In this must-watch video, Steve Keen breaks down how decades of runaway private debt, deficit denial, and flawed economic theory have pushed the U.S. toward a sovereign debt crisis and collapsing retirement security. He challenges the common narrative that rising interest is the unassailable enemy, revealing instead that the real issue is an economic system that makes even manageable interest payments unsustainable due to its deep-seated debt structure. Keen shows us that the "interest problem" can be solved by fundamentally rethinking our debt-driven economy.

Using historical data, accounting-based economics, and system-dynamics models, Keen explains how mainstream economists ignored banks, money creation, and credit cycles leading directly to disasters like the 2008 financial crash, the growing pension crisis, and today’s unprecedented Treasury demand collapse.

Keen dismantles the myth that markets self-correct and reveals how this belief drove reckless deregulation, Wall Street dominance, failed trade policy, and unsustainable government borrowing. As global buyers pull back from U.S. debt, the consequences are now hitting workers, retirees, and the real economy.

Don't miss this critical analysis of the current economic crisis and the future of capitalism. Understand why the system is failing and what Steve Keen proposes to solve the underlying issues, including the misperceived "interest problem."


βœ… Why the U.S. debt market is breaking down

βœ… Neoliberalism & its economic impact

βœ… Why mainstream economics failed to predict every major crash

βœ… Private debt vs. public debt

βœ… Solving the interest problem in economics

βœ… What comes next for the U.S. economy


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#stevekeeneconomics #usdebtcrisis #retirementcrisis #investing #economicsexplained #financialeducation #economics #money #Macroeconomics #usgovernment #personalfinance

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

(Plus get Ravel β€” the economic visualization software we reference in this episode β€” 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 β€œtheory 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 Steve agrees with MMT on government money creation and where he pushes back on trade.


In this episode, you’ll hear:

βœ… β€œTextbooks are teaching a lie”: how clean curves hide messy realities

βœ… Why equilibrium thinking and perfect-competition myths mislead students and policymakers

βœ… The second-best insight: removing one β€œdistortion” can make outcomes worse

βœ… Cambridge Capital Controversies and Samuelson’s quiet concession β€” and why it never reached textbooks

βœ… Double-entry as first principles for money and macro, not supply–demand parables

βœ… Where Steve aligns with MMT on deficits and money creation β€” and why he disputes β€œexports are a cost, imports a benefit”

βœ… Climate economics under fire: why trivializing risk derails the response we need

βœ… What Ravel brings to monetary and macro modeling (and what’s coming next)


Key insights:

β€’ Start from accounting and definitions, not analogies.

β€’ Sectoral balances are conservation laws: one sector’s surplus is another’s deficit.

β€’ You can’t fix macro with micro parables; you need dynamic, accounting-consistent models.

β€’ Honest economics welcomes critique β€” even of our own side β€” when the data and logic demand it.



What should Steve and Richard tackle next β€” deep dive on double-entry and Ravel, or a full episode on climate economics? Tell us below.


Subscribe for reality-based economics

Like if this challenged the textbook stories you were taught

Share to spark better debates in policy and classrooms


Connect

Steve Keen β€” Website: https://stevekeen.com


Who are the guests?


Dr. Steve Keen is an economist known for accounting-consistent, dynamic models of money and debt, and the creator of the Minsky and Ravel tools. He challenges textbook myths with operational mechanics.


Prof. Richard Murphy, a political economist, author of the Funding the Future blog, and a long-time critic of the failed ideas driving our economy, known for clear explanations of how real-world accounts should shape economic debate.


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


(Plus get Ravel β€” the software discussed in this podcast β€” as a bonus if you’re accepted and join.)


#SteveKeen #Economics #DoubleEntry #RichardJMurphy #MMT #Ravel #CambridgeControversies #SecondBest #economicpolicy #economicrecovery #economicimpact

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

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


Top Economist Steve Keen reveals how high-cost debt is crushing Americans and why current U.S. policies are steering the economy toward crisis. He explains, with clear double-entry accounting and Ravel visualizations, how private bank lending still creates most of the money in circulation, why government deficits actually increase deposits and reserves, and how open-market operations simply shuffle assets without generating real wealth. Keen argues that the true solution isn’t austerity but a Modern Debt Jubileeβ€”a bold reset that cancels unpayable debts, restores balance sheets, and revives real economic growth without relying on the illusion of β€œprinting money.”


In this breakdown, you’ll discover:

βœ… Government Spending & Taxes: How deposits rise and taxes fallβ€”what actually impacts Americans’ wallets.

βœ… Bank Reserves 101: What banks canβ€”and can’tβ€”do with reserves, and why it doesn’t relieve high-cost debt.

βœ… Deficit Mechanics: Why deficits create money and reserves, and why surpluses can worsen economic stress.

βœ… Eight Key Entries: How government money creation works behind the scenes beyond basic double-entry.

βœ… Borrowing from the Private Sector: The accounting myth that misleads policymakers and the public.

βœ… OMOs & QE Explained: When these tools create real moneyβ€”and when they fail to.

βœ… Money Data Since 2000: Most new money has been private credit, fueling debt pressures.

βœ… Government Negative Financial Equity: Why it’s necessary, but why Americans still feel the squeeze from high-cost debt.


Key insights:

β€’ Deficit is not a bug β€” it’s the feature that creates net financial assets for the private sector.

β€’ Reserves are bank-to-central-bank balances; they support payments and bond settlement, not your latte.

β€’ Open-market operations with non-banks can create money; purchases from banks swap assets inside the banking system.

β€’ Loanable-funds thinking explodes government debt in theory because it excludes money creation in the first place.

β€’ Accounting done properly shows government negative financial equity mirrors private positive equity.


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#usshutdown #usdebtcrisis #useconomy #BankingSystem #QE #economics #money #Macroeconomics #usgovernment

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

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


Top Economist Steve Keen reveals how high-cost debt is crushing Americans and why current U.S. policies are steering the economy toward crisis. He explains, with clear double-entry accounting and Ravel visualizations, how private bank lending still creates most of the money in circulation, why government deficits actually increase deposits and reserves, and how open-market operations simply shuffle assets without generating real wealth. Keen argues that the true solution isn’t austerity but a Modern Debt Jubileeβ€”a bold reset that cancels unpayable debts, restores balance sheets, and revives real economic growth without relying on the illusion of β€œprinting money.”


In this breakdown, you’ll discover:

βœ… Government Spending & Taxes: How deposits rise and taxes fallβ€”what actually impacts Americans’ wallets.

βœ… Bank Reserves 101: What banks canβ€”and can’tβ€”do with reserves, and why it doesn’t relieve high-cost debt.

βœ… Deficit Mechanics: Why deficits create money and reserves, and why surpluses can worsen economic stress.

βœ… Eight Key Entries: How government money creation works behind the scenes beyond basic double-entry.

βœ… Borrowing from the Private Sector: The accounting myth that misleads policymakers and the public.

βœ… OMOs & QE Explained: When these tools create real moneyβ€”and when they fail to.

βœ… Money Data Since 2000: Most new money has been private credit, fueling debt pressures.

βœ… Government Negative Financial Equity: Why it’s necessary, but why Americans still feel the squeeze from high-cost debt.


Key insights:

β€’ Deficit is not a bug β€” it’s the feature that creates net financial assets for the private sector.

β€’ Reserves are bank-to-central-bank balances; they support payments and bond settlement, not your latte.

β€’ Open-market operations with non-banks can create money; purchases from banks swap assets inside the banking system.

β€’ Loanable-funds thinking explodes government debt in theory because it excludes money creation in the first place.

β€’ Accounting done properly shows government negative financial equity mirrors private positive equity.


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


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-----


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#usshutdown #usdebtcrisis #useconomy #BankingSystem #QE #economics #money #Macroeconomics #usgovernment

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

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


Top Economist Steve Keen reveals how high-cost debt is crushing Americans and why current U.S. policies are steering the economy toward crisis. He explains, with clear double-entry accounting and Ravel visualizations, how private bank lending still creates most of the money in circulation, why government deficits actually increase deposits and reserves, and how open-market operations simply shuffle assets without generating real wealth. Keen argues that the true solution isn’t austerity but a Modern Debt Jubileeβ€”a bold reset that cancels unpayable debts, restores balance sheets, and revives real economic growth without relying on the illusion of β€œprinting money.”


In this breakdown, you’ll discover:

βœ… Government Spending & Taxes: How deposits rise and taxes fallβ€”what actually impacts Americans’ wallets.

βœ… Bank Reserves 101: What banks canβ€”and can’tβ€”do with reserves, and why it doesn’t relieve high-cost debt.

βœ… Deficit Mechanics: Why deficits create money and reserves, and why surpluses can worsen economic stress.

βœ… Eight Key Entries: How government money creation works behind the scenes beyond basic double-entry.

βœ… Borrowing from the Private Sector: The accounting myth that misleads policymakers and the public.

βœ… OMOs & QE Explained: When these tools create real moneyβ€”and when they fail to.

βœ… Money Data Since 2000: Most new money has been private credit, fueling debt pressures.

βœ… Government Negative Financial Equity: Why it’s necessary, but why Americans still feel the squeeze from high-cost debt.


Key insights:

β€’ Deficit is not a bug β€” it’s the feature that creates net financial assets for the private sector.

β€’ Reserves are bank-to-central-bank balances; they support payments and bond settlement, not your latte.

β€’ Open-market operations with non-banks can create money; purchases from banks swap assets inside the banking system.

β€’ Loanable-funds thinking explodes government debt in theory because it excludes money creation in the first place.

β€’ Accounting done properly shows government negative financial equity mirrors private positive equity.


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#usshutdown #usdebtcrisis #useconomy #BankingSystem #QE #economics #money #Macroeconomics #usgovernment

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

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


Top Economist Steve Keen reveals how high-cost debt is crushing Americans and why current U.S. policies are steering the economy toward crisis. He explains, with clear double-entry accounting and Ravel visualizations, how private bank lending still creates most of the money in circulation, why government deficits actually increase deposits and reserves, and how open-market operations simply shuffle assets without generating real wealth. Keen argues that the true solution isn’t austerity but a Modern Debt Jubileeβ€”a bold reset that cancels unpayable debts, restores balance sheets, and revives real economic growth without relying on the illusion of β€œprinting money.”


In this breakdown, you’ll discover:

βœ… Government Spending & Taxes: How deposits rise and taxes fallβ€”what actually impacts Americans’ wallets.

βœ… Bank Reserves 101: What banks canβ€”and can’tβ€”do with reserves, and why it doesn’t relieve high-cost debt.

βœ… Deficit Mechanics: Why deficits create money and reserves, and why surpluses can worsen economic stress.

βœ… Eight Key Entries: How government money creation works behind the scenes beyond basic double-entry.

βœ… Borrowing from the Private Sector: The accounting myth that misleads policymakers and the public.

βœ… OMOs & QE Explained: When these tools create real moneyβ€”and when they fail to.

βœ… Money Data Since 2000: Most new money has been private credit, fueling debt pressures.

βœ… Government Negative Financial Equity: Why it’s necessary, but why Americans still feel the squeeze from high-cost debt.


Key insights:

β€’ Deficit is not a bug β€” it’s the feature that creates net financial assets for the private sector.

β€’ Reserves are bank-to-central-bank balances; they support payments and bond settlement, not your latte.

β€’ Open-market operations with non-banks can create money; purchases from banks swap assets inside the banking system.

β€’ Loanable-funds thinking explodes government debt in theory because it excludes money creation in the first place.

β€’ Accounting done properly shows government negative financial equity mirrors private positive equity.


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#usshutdown #usdebtcrisis #useconomy #BankingSystem #QE #economics #money #Macroeconomics #usgovernment

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

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


Top Economist Steve Keen exposes the ugly lies behind the Nobel Prize in Economics, revealing how the world’s faith in Ben S. Bernanke’s theories is fundamentally misplaced. He explains, with clear data analysis and accessible financial modeling, how Bernanke’s proposed banking system misrepresents how money is actually created, why his policies overstated the effectiveness of central bank interventions, and how the supposed β€œsolutions” fail to address structural weaknesses in modern finance. According to [Name], those who blindly follow Bernanke are misled into thinking that manipulating reserves and interest rates can generate real economic stability, when in reality it often amplifies inequality and financial risk. The true path, he argues, lies in rethinking the foundations of banking and monetary policy, exposing the flawed assumptions behind the Nobel Prize’s most celebrated laureates, and pushing for reforms that reflect how money and credit genuinely function in the economy.


In this breakdown, you’ll discover:

βœ… Bernanke’s Banking Fallacy: How his proposed bank operating system misrepresents money creation and misleads policymakers.

βœ… The Nobel Prize Myth: Why the most celebrated laureates often ignore real-world banking mechanics.

βœ… Private Bank Lending Truths: How most money in circulation is created by private banksβ€”not central banks.

βœ… Government Policy Misconceptions: Why relying on interest rates and reserves doesn’t fix structural economic issues.

βœ… Accounting Illusions: How flawed interpretations of double-entry bookkeeping have skewed economic theory for decades.

βœ… Credit & Debt Realities: How Bernanke’s framework underestimates high-cost debt pressures on households and businesses.

βœ… Market Interventions Exposed: When tools like QE and central bank operations actually fail to generate real wealth.

βœ… Economic Consequences: How following the wrong model amplifies inequality, financial instability, and public misconceptions.


Key insights:

β€’ Deficit is not a bug β€” it’s the feature that creates net financial assets for the private sector.

β€’ Reserves are bank-to-central-bank balances; they support payments and bond settlement, not your latte.

β€’ Open-market operations with non-banks can create money; purchases from banks swap assets inside the banking system.

β€’ Loanable-funds thinking explodes government debt in theory because it excludes money creation in the first place.

β€’ Accounting done properly shows government negative financial equity mirrors private positive equity.


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


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.


Curious Minds, Engineers, and Finance Professionals 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.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#usa NobelPrize #economicsexplained #Bernanke #EconomicTruth #USEconomy #EconomicReform #FinanceExplained

Learn 50+ Years of Economics in Only 7 Weeks: apply at https://www.stevekeen.com

(Bonus: accepted students who join get Ravel β€” the double-entry, macro visualization tool used in this video.)



In this revealing video, Steve Keen takes us back to the 1929 Great Depression to show how similar economic conditions could lead us to another crisis. He critiques the conventional wisdom, explains why debt-fueled booms lead to catastrophic busts, and highlights a better way forward. Steve’s deep dive into private debt, inflation, and government spending offers a much-needed alternative perspective to mainstream economic thought.

Key Takeaways:



The True Cause of the Great Depression: How over-indebtedness and deflation triggered the collapse, and why we’re repeating these same mistakes today.



Fisher's Paradox: How the more debtors try to reduce their debt, the more they actually increase it, exacerbating economic downturns.



The Role of Private Debt: A detailed look at how high private debt, combined with low inflation, caused both the boom and bust of the 1920s and 1930s.



Lessons from History: What went wrong in the 1920s, how it led to the Great Depression, and why we still haven't learned from it.



Government Spending & Recovery: Steve shows why government intervention (like the New Deal) was key to stopping the economic collapse and why it’s critical to act similarly today.



What’s the Real Crisis?

Steve goes beyond the numbers to question whether we, as a society, are chasing the wrong crisis. With the UK and global economies facing mounting debt and the possibility of inflation spiraling out of control, it's time to ask: Are we truly prepared to face the same conditions that led to the Great Depression?

The Truth About Debt and Inflation

Steve dives deep into the data to debunk the myths surrounding the "debt crisis." According to Steve, private debt, not government debt, is the real problem, and it’s being ignored in the current economic debate. The rise in private debt since the 1980s, fueled by deregulation and a focus on asset price speculation, has led us to the point where the next financial collapse may be just around the corner.

Key Concepts Covered:



Fisher’s Paradox: The idea that debt reduction efforts can lead to increased debt burdens in times of deflation.



Private Debt vs Government Debt: How credit impacts the economy and why private debt is more dangerous than government debt.



Government’s Role in Recovery: Why government spendingβ€”especially deficit spendingβ€”is necessary to prevent a crisis.



Policy Solutions

Steve suggests three policy measures that could help avoid another Great Depression:



Limit Private Debt: Regulate lending to prevent asset price bubbles.



Government Spending: Use government debt to finance essential services and stop economic decline.



Debt Jubilees: Cancel or restructure private debt to prevent another financial collapse.



The Ravel Software Demonstration

Steve uses his proprietary Ravel software to demonstrate how the current financial system is designed to fail and what needs to be done to fix it. Using double-entry bookkeeping, he shows the difference between conventional economic models and the reality of how money and debt work in today's economy.

Critical Insights:



The Real Impact of Government Debt: The video challenges the conventional wisdom that government debt is the primary issue, arguing instead that private debt is the true threat.



The Danger of Deflation: Why deflation, combined with high private debt, could trigger a crisis that the government must prevent.



Why We Need a Different Economic Model

Steve critiques the mainstream approach, which treats debt and inflation as isolated issues, showing that the real solution lies in understanding the relationship between debt, inflation, and credit. He argues that mainstream economists, stuck in outdated models, are blind to the true causes of economic instability.

Takeaway

With Steve’s insight into how we got here and what needs to change, you’ll gain a better understanding of the current financial system’s flaws and the steps we can take to fix them. The history of the Great Depression, combined with Steve’s groundbreaking ideas on monetary policy, provide a clear roadmap for navigating today’s financial instability.

Join the Rebel Economist Challenge

If you want to understand more about how the economy really works, join Steve’s Seven-Week Rebel Economist Challenge. Get access to Ravel software and learn from Steve himself as he dives deeper into economic analysis.

To apply, visit: https://www.stevekeen.com



#greatdepression #useconomy #usshutdown #MonetaryPolicy #Inflation #RavelSoftware #RebelEconomist #FinancialCrisis #DebtJubilee #BankingReform #MMT #FiscalPolicy #SteveKeen #PrivateDebt #economics

https://cyber.stevekeen.com

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βŒ›οΈ Ends on Monday Dec 1st 11:59PM EST.



Banks don’t β€œlend out” your deposits, they create money when they lend.

In this video, Steve Keen dissects the classcial economist's fractional-reserve story, responds to critics, and uses Ravel to show why the classic money-multiplier only β€œworks” if loans are made in cash. Once you enforce real double-entry bookkeeping, the narrative collapses β€” and the real mechanics of bank-originated money and debt come into focus.


What you’ll learn


β€’ Why the textbook money-multiplier breaks under proper accounting

β€’ How bank lending creates deposits (new money) on both sides of the ledger

β€’ Why reserves β‰  β€œloanable funds” and why deposits aren’t lent out

β€’ Where popular explanations violate assets = liabilities + equity

β€’ Why getting money creation right matters for debates on deficits, QE/QT, and β€œcan we afford it?”

β€’ How Ravel exposes hidden assumptions in neat verbal stories β€” step by step


Key takeaways


β€’ If a model can’t balance the T-accounts, it’s wrong, regardless of how often it’s taught.

β€’ Loans create deposits; deposits aren’t a stockpile that gets parcelled out.

β€’ Cash is the only way to make the textbook multiplier arithmetic β€œwork”, which tells you the model is not how modern banking operates.

β€’ Misunderstanding bank money leads to bad policy: deficit panic, confused takes on QE/QT, and misguided bank rules.


About Steve Keen


Steve Keen is an economist known for accounting-consistent, data-driven models of money, debt, and instability. Creator of the Minsky and Ravel tools, he replaces classroom myths with operational mechanics you can simulate and test.



β€’ Weekly live access & Q&A

β€’ Cohort of rigorous, curious learners

β€’ Ravel included for accepted students who join


Support reality-based economics


β€’ Subscribe for more Ravel walk-throughs and myth-busting

β€’ Like if this clarified how banks actually create money

β€’ Share with someone still quoting the money-multiplier


Get exclusive Cyber Monday bonuses including Unlimited Ravel use, Q&A calls with me, 100-Day Guarantee and other exclusives at πŸ‘‰ https://cyber.stevekeen.com



#economicseducation #moneycreation #banks #doubleentrysystem #ravel #macroeconomics #fiscalpolicy #monetarypolicy #banking101 #stevekeen

https://cyber.stevekeen.com

Get exclusive Cyber Monday bonuses including Unlimited Ravel use (my proprietary software I use in this video), Q&A calls with me, 100-Day Guarantee and other exclusives at https://cyber.stevekeen.com

βŒ›οΈ Ends on Monday Dec 1st 11:59PM EST.



Why are homes unaffordable from London to Sydney?

Steve Keen shows why the standard β€œsupply & demand” story misses the engine underneath modern housing bubbles: bank-originated mortgage credit. Using long-run BIS datasets, Steve tracks how real house prices decoupled from consumer prices after the 1980s as banks ramped mortgage lending. The kicker: it’s not just the level of mortgage debt that drives prices β€” it’s the change in the change of mortgage debt. That credit pulse explains booms, busts, and today’s squeeze.


What you’ll learn


β€’ Why real house prices were flat for a century… then went vertical after the 1980s

β€’ How bank lending (not β€œsavers’ deposits”) creates new purchasing power for housing

β€’ The critical driver: ΔΔ Mortgage Debt β†’ Ξ” Real House Prices (UK, US, Australia, more)

β€’ Why simple correlations mislead β€” and why differencing reveals the true causal link

β€’ How rising inequality and speculative demand amplify bank-fueled price cycles

β€’ Policy levers that actually bite: credit guidance, LTV/DTI caps, and curbing mortgage speculation


Key takeaways


β€’ Housing became a credit-fueled asset: prices outran CPI and wages because banks created the demand.

β€’ The credit impulse (change in the change of household debt) best explains house-price swings.

β€’ Countries without a visible β€œcrash” can still be in an oversized, fragile credit cycle.

β€’ Taming bubbles means steering bank credit toward productive uses β€” not bidding wars for existing homes.


Policy ideas discussed


Credit guidance for banks: prioritize business working capital & durable goods; restrict mortgage speculation.


Macroprudential limits: tighten LTV/DTI during upswings; countercyclical buffers that lean against credit booms.


Re-align incentives: discourage flipping/empty-home speculation; reward new supply without turbo-charging land prices.


Measure what matters: track private-debt ratios and the credit impulse alongside CPI/unemployment.



------


About Steve Keen


Steve Keen builds accounting-consistent, data-driven models of money, debt, and instability. Creator of Minsky and Ravel, he replaces classroom myths with the operational mechanics you can simulate and test.


Get exclusive Cyber Monday bonuses including Unlimited Ravel use (the software I use in this video), Q&A calls with me, 100-Day Guarantee and other exclusives at πŸ‘‰ https://cyber.stevekeen.com


βŒ›οΈ Ends on Monday Dec 1st 11:59PM EST.


β€’ Weekly live Q&A access

β€’ Cohort of rigorous learners

β€’ Ravel included for accepted students who join


Support reality-based economics


β€’ Subscribe for more Ravel walk-throughs and housing myth-busting

β€’ Like if this reframed housing beyond β€œjust build more” takes

β€’ Share with anyone who thinks deposits fund mortgages


#housingcrisis #houseprices #mortgagedebt #CreditImpulse #PrivateDebt #BIS #Ravel #Macroeconomics #FinancialStability #Inequality #UKHousing #australiahousing #ushousingmarket #SteveKeen

Learn 50+ Years of Economics in Only 7 Weeks: apply at https://www.stevekeen.com

(Bonus: accepted students who join get Ravel β€” the double-entry, macro visualization tool used in this video.)


Steve Keen sits down with Sky’s Ed Conway to stress-test the OBR’s terrifying long-run debt charts (274%… 600%+ of GDP) and shows why they rest on a false banking model. Using Ravel, Steve compares the textbook β€œloanable funds” view with the Bank of England’s 2014 statement on how money is actually created (banks create deposits when they lend). The result: debt-panic projections collapse, and a saner policy mix comes into view.


What you’ll learn

β€’ Why β€œbanks as mere intermediaries” breaks macro logic β€” and the forecasts built on it

β€’ The BoE’s money creation mechanism vs. the textbook story β€” and why it matters for deficits

β€’ How government deficits create fiat money, and why that’s a feature, not a bug

β€’ Why secondary bond sales by banks to non-banks destroy deposits (and how to rein that in)

β€’ How QE/QT and rate hikes ripple through bond prices, bank balance sheets, and yields

β€’ Why private debt and credit growth are the true cyclical drivers β€” and why policymakers ignore them

β€’ Practical fixes: deficit-fund essential services, cap secondary bond offloads, guide credit away from asset bubbles


Key takeaways

β€’ OBR-style β€œdebt to the sky” charts depend on a loanable-funds world that doesn’t exist.

β€’ In the real world, bank lending creates deposits; credit affects demand and GDP.

β€’ Deficits add fiat money to private balances and need not imply a debt doom loop.

β€’ Private debt and credit swings drive unemployment and crises; government debt usually reacts after the fact.

β€’ QT plus rapid rate hikes compress bond prices and can destabilize banks; policy must account for this transmission.


Policy prescriptions discussed


Run deficits to fund real needs (healthcare, winter heating, critical services).


Limit banks’ secondary bond sales to non-banks (or sell new gilts directly to the central bank and pay interest on reserves).


Use credit guidance: allow lending for productive business working capital and major consumer durables; restrict mortgage/asset-price speculation.


Target private-debt/credit metrics in macro policy (e.g., keep private debt ≀ ~100% of GDP).


About Steve Keen

Steve Keen is an economist known for accounting-consistent, data-driven models of money, debt, and instability. Creator of the Minsky and Ravel tools, he replaces classroom myths with operational mechanics you can simulate and test.


Try the Seven-Week Rebel Economist Challenge

Apply here: https://www.stevekeen.com


β€’ Weekly live access for Q&A

β€’ Cohort of like-minded learners

β€’ Ravel software included for accepted students who join


Support reality-based economics

β€’ Subscribe for more Ravel walk-throughs and myth-busting

β€’ Like if this clarified why β€œdebt doom” charts go off the rails

β€’ Share with someone who follows fiscal headlines


#Economics #SteveKeen #EdConway #UKDebt #OBR #BankOfEngland #Ravel #PrivateDebt #CreditCycles #QE #QT #BondYields #FiscalPolicy #Macro

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

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


πŸ“’ This is a reupload of the original video with improved visuals and audio for a better viewing experience.



Top Economist Steve Keen breaks down why the UK’s housing market has gone from β€œcrisis” to β€œticking 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 ~4.5Γ— in the post-war era to ~9Γ— today, and lays out two concrete, workable policies to restore affordability: PILL (Property Income Limited Leverage) and an Affordable Housing Authority offering zero-interest mortgages for median and below-median earners.


In this video, you’ll discover:

βœ… Why today’s 9Γ— price-to-income rivals 1876 β€” and what changed after the 1980s

βœ… Building societies vs banks: why one didn’t create money and the other does

βœ… How bank-created mortgage credit inflates prices far faster than wages

βœ… The post-Thatcher break: household debt explodes, real house prices double faster

βœ… PILL: cap mortgages to a multiple of rental income and phase it down toward ~10Γ—

βœ… AHA: zero-interest public lending that turns β€œhousing stress” into manageable payments

βœ… Why both must run together (one cools leverage, the other preserves access)

βœ… Bonus history: Ford and Edison’s case for interest-free public finance β€” and why it matters now


Key insights:

β€’ Price without leverage is fiction: new mortgage credit is the main source of housing demand.

β€’ Deregulation shifted lending from building societies to banks β€” expanding money and bidding up existing homes.

β€’ At 7% interest, over half of lifetime payments are interest; at 0%, typical payments drop near the 30% β€œstress” threshold.

β€’ Pairing PILL with AHA bends prices down while keeping doors open for average earners.

β€’ Private debt β€” not public debt β€” is the core macro risk behind UK housing volatility.



Subscribe for reality-based economics

Like if this clarified why UK homes keep outrunning wages

Share to help others see what actually drives prices


---


Who is Dr. Steve Keen?


Dr. Steve Keen is an economist known for accounting-consistent, data-driven models showing how bank money and private debt drive booms, busts, and asset bubbles. Creator of the Minsky and Ravel tools, he replaces classroom myths with operational mechanics β€” essential for engineers, finance professionals, and anyone who wants clarity over ideology.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#UKDebt #MoneyCreation #ukeconomy #BOMD #SteveKeen #Ravel #Macroeconomics #FiscalPolicy #BankingSystem

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

This video is an extended version of previous video - "Deficits aren't the danger to the US, THIS is..." Top Economist warns


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


Economist Steve Keen explains how decades of neoliberal U.S. policies have turned government deficits into a dangerous economic cycle. Using clear double-entry accounting and Ravel visualizations, Steve reveals how the obsession with balanced budgets and market deregulation has weakened the real economy, inflated private debt, and set the stage for financial collapse.


He breaks down how bank lending still creates most of the money in circulation, why government deficits actually build deposits and reserves, and how open-market operations merely reshuffle assets instead of generating real wealth. Finally, Steve proposes a Modern Debt Jubilee β€” a practical path to reset the system, reduce unpayable private debts, and restore long-term financial stability without falling into the illusion of β€œprinting money.”


In this breakdown, you’ll discover:

βœ… Cash vs digital money: why the press in DC is a sideshow

βœ… Government spending and taxes in the ledger: deposits up, taxes down β€” what really changes

βœ… Reserves 101: what banks can and can’t do with them (and why they aren’t β€œspendable” money)

βœ… Deficit mechanics: why deficits create both money and reserves, surpluses destroy them

βœ… The eight entries you need to model government money creation (beyond simple double entry)

βœ… Why β€œborrowed from the private sector” is an accounting myth in loanable-funds models

βœ… How OMOs and QE actually work: when they create money, when they don’t

βœ… The data picture: since 2000, most new money has been credit-backed (private), not fiscal

βœ… Why government negative financial equity is normal β€” and necessary for private net financial assets


Key insights:

β€’ Deficit is not a bug β€” it’s the feature that creates net financial assets for the private sector.

β€’ Reserves are bank-to-central-bank balances; they support payments and bond settlement, not your latte.

β€’ Open-market operations with non-banks can create money; purchases from banks swap assets inside the banking system.

β€’ Loanable-funds thinking explodes government debt in theory because it excludes money creation in the first place.

β€’ Accounting done properly shows government negative financial equity mirrors private positive equity.


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


Who is Dr. Steve Keen?


Dr. Steve Keen is an economist known for accounting-consistent, data-driven models that explain how bank money, private debt, and policy operations shape the real economy. Creator of the Minsky and Ravel tools, he replaces classroom analogies with operational mechanics β€” essential for engineers, finance professionals, and anyone who wants clarity over ideology.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#usshutdown #usdebtcrisis #useconomy #usdebt #BankingSystem #QE #economics #money #Macroeconomics #usgovernment

Learn 50+ Years of Economics in Only 7 Weeks: apply at https://www.stevekeen.com

(Bonus: accepted students who join get Ravel β€” the double-entry, macro visualization tool used in this video.)


Banks don’t β€œlend out” your deposits, they create money when they lend.

In this video, Steve Keen dissects the classcial economist's fractional-reserve story, responds to critics, and uses Ravel to show why the classic money-multiplier only β€œworks” if loans are made in cash. Once you enforce real double-entry bookkeeping, the narrative collapses β€” and the real mechanics of bank-originated money and debt come into focus.


What you’ll learn


β€’ Why the textbook money-multiplier breaks under proper accounting

β€’ How bank lending creates deposits (new money) on both sides of the ledger

β€’ Why reserves β‰  β€œloanable funds” and why deposits aren’t lent out

β€’ Where popular explanations violate assets = liabilities + equity

β€’ Why getting money creation right matters for debates on deficits, QE/QT, and β€œcan we afford it?”

β€’ How Ravel exposes hidden assumptions in neat verbal stories β€” step by step


Key takeaways


β€’ If a model can’t balance the T-accounts, it’s wrong, regardless of how often it’s taught.

β€’ Loans create deposits; deposits aren’t a stockpile that gets parcelled out.

β€’ Cash is the only way to make the textbook multiplier arithmetic β€œwork”, which tells you the model is not how modern banking operates.

β€’ Misunderstanding bank money leads to bad policy: deficit panic, confused takes on QE/QT, and misguided bank rules.


About Steve Keen


Steve Keen is an economist known for accounting-consistent, data-driven models of money, debt, and instability. Creator of the Minsky and Ravel tools, he replaces classroom myths with operational mechanics you can simulate and test.


Try the Seven-Week Rebel Economist Challenge


Apply here: https://www.stevekeen.com


β€’ Weekly live access & Q&A

β€’ Cohort of rigorous, curious learners

β€’ Ravel included for accepted students who join


Support reality-based economics


β€’ Subscribe for more Ravel walk-throughs and myth-busting

β€’ Like if this clarified how banks actually create money

β€’ Share with someone still quoting the money-multiplier


#economicseducation #moneycreation #fractionalreservebanking #doubleentrysystem #ravel #macroeconomics #fiscalpolicy #monetarypolicy #banking101 #stevekeen

Learn 50+ Years of Economics in Only 7 Weeks: apply at https://www.stevekeen.com

(Bonus: accepted students who join get Ravel β€” the double-entry, macro visualization tool used in this video.)


In this revealing video, Steve Keen takes us back to the 1929 Great Depression to show how similar economic conditions could lead us to another crisis. He critiques the conventional wisdom, explains why debt-fueled booms lead to catastrophic busts, and highlights a better way forward. Steve’s deep dive into private debt, inflation, and government spending offers a much-needed alternative perspective to mainstream economic thought.

Key Takeaways:



The True Cause of the Great Depression: How over-indebtedness and deflation triggered the collapse, and why we’re repeating these same mistakes today.



Fisher's Paradox: How the more debtors try to reduce their debt, the more they actually increase it, exacerbating economic downturns.



The Role of Private Debt: A detailed look at how high private debt, combined with low inflation, caused both the boom and bust of the 1920s and 1930s.



Lessons from History: What went wrong in the 1920s, how it led to the Great Depression, and why we still haven't learned from it.



Government Spending & Recovery: Steve shows why government intervention (like the New Deal) was key to stopping the economic collapse and why it’s critical to act similarly today.



What’s the Real Crisis?

Steve goes beyond the numbers to question whether we, as a society, are chasing the wrong crisis. With the UK and global economies facing mounting debt and the possibility of inflation spiraling out of control, it's time to ask: Are we truly prepared to face the same conditions that led to the Great Depression?

The Truth About Debt and Inflation

Steve dives deep into the data to debunk the myths surrounding the "debt crisis." According to Steve, private debt, not government debt, is the real problem, and it’s being ignored in the current economic debate. The rise in private debt since the 1980s, fueled by deregulation and a focus on asset price speculation, has led us to the point where the next financial collapse may be just around the corner.

Key Concepts Covered:



Fisher’s Paradox: The idea that debt reduction efforts can lead to increased debt burdens in times of deflation.



Private Debt vs Government Debt: How credit impacts the economy and why private debt is more dangerous than government debt.



Government’s Role in Recovery: Why government spendingβ€”especially deficit spendingβ€”is necessary to prevent a crisis.



Policy Solutions

Steve suggests three policy measures that could help avoid another Great Depression:



Limit Private Debt: Regulate lending to prevent asset price bubbles.



Government Spending: Use government debt to finance essential services and stop economic decline.



Debt Jubilees: Cancel or restructure private debt to prevent another financial collapse.



The Ravel Software Demonstration

Steve uses his proprietary Ravel software to demonstrate how the current financial system is designed to fail and what needs to be done to fix it. Using double-entry bookkeeping, he shows the difference between conventional economic models and the reality of how money and debt work in today's economy.

Critical Insights:



The Real Impact of Government Debt: The video challenges the conventional wisdom that government debt is the primary issue, arguing instead that private debt is the true threat.



The Danger of Deflation: Why deflation, combined with high private debt, could trigger a crisis that the government must prevent.



Revisiting Economic Theories: How Steve’s work challenges mainstream economic models and what needs to change.



Why We Need a Different Economic Model

Steve critiques the mainstream approach, which treats debt and inflation as isolated issues, showing that the real solution lies in understanding the relationship between debt, inflation, and credit. He argues that mainstream economists, stuck in outdated models, are blind to the true causes of economic instability.

Takeaway

With Steve’s insight into how we got here and what needs to change, you’ll gain a better understanding of the current financial system’s flaws and the steps we can take to fix them. The history of the Great Depression, combined with Steve’s groundbreaking ideas on monetary policy, provide a clear roadmap for navigating today’s financial instability.

Join the Rebel Economist Challenge

If you want to understand more about how the economy really works, join Steve’s Seven-Week Rebel Economist Challenge. Get access to Ravel software and learn from Steve himself as he dives deeper into economic analysis.

To apply, visit: https://www.stevekeen.com



#greatdepression #useconomy #usshutdown #MonetaryPolicy #Inflation #RavelSoftware #RebelEconomist #FinancialCrisis #DebtJubilee #BankingReform #MMT #FiscalPolicy #SteveKeen #PrivateDebt #economics

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

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


Top Economist Steve Keen explains how U.S. government policies are driving the economy toward bankruptcy and why the true fix isn’t austerity, but a Modern Debt Jubilee. Using clear double-entry accounting and Ravel visualizations, Steve breaks down how private bank lending still creates most of the money in circulation, why government deficits actually generate deposits and reserves, and how open-market operations merely shuffle assets rather than create real wealth. He then shows how a Modern Debt Jubilee could reset the system cancelling unpayable debts, restoring balance sheets, and reviving real economic growth without the illusion of β€œprinting money.”


In this breakdown, you’ll discover:

βœ… Cash vs digital money: why the press in DC is a sideshow

βœ… Government spending and taxes in the ledger: deposits up, taxes down β€” what really changes

βœ… Reserves 101: what banks can and can’t do with them (and why they aren’t β€œspendable” money)

βœ… Deficit mechanics: why deficits create both money and reserves, surpluses destroy them

βœ… The eight entries you need to model government money creation (beyond simple double entry)

βœ… Why β€œborrowed from the private sector” is an accounting myth in loanable-funds models

βœ… How OMOs and QE actually work: when they create money, when they don’t

βœ… The data picture: since 2000, most new money has been credit-backed (private), not fiscal

βœ… Why government negative financial equity is normal β€” and necessary for private net financial assets


Key insights:

β€’ Deficit is not a bug β€” it’s the feature that creates net financial assets for the private sector.

β€’ Reserves are bank-to-central-bank balances; they support payments and bond settlement, not your latte.

β€’ Open-market operations with non-banks can create money; purchases from banks swap assets inside the banking system.

β€’ Loanable-funds thinking explodes government debt in theory because it excludes money creation in the first place.

β€’ Accounting done properly shows government negative financial equity mirrors private positive equity.


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


Who is Dr. Steve Keen?


Dr. Steve Keen is an economist known for accounting-consistent, data-driven models that explain how bank money, private debt, and policy operations shape the real economy. Creator of the Minsky and Ravel tools, he replaces classroom analogies with operational mechanics β€” essential for engineers, finance professionals, and anyone who wants clarity over ideology.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#usshutdown #usdebtcrisis #useconomy #BankingSystem #QE #economics #money #Macroeconomics #usgovernment

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

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


Economist Steve Keen explains how decades of neoliberal U.S. policies have turned government deficits into a dangerous economic cycle. Using clear double-entry accounting and Ravel visualizations, Steve reveals how the obsession with balanced budgets and market deregulation has weakened the real economy, inflated private debt, and set the stage for financial collapse.


He breaks down how bank lending still creates most of the money in circulation, why government deficits actually build deposits and reserves, and how open-market operations merely reshuffle assets instead of generating real wealth. Finally, Steve proposes a Modern Debt Jubilee β€” a practical path to reset the system, reduce unpayable private debts, and restore long-term financial stability without falling into the illusion of β€œprinting money.”


In this breakdown, you’ll discover:

βœ… Cash vs digital money: why the press in DC is a sideshow

βœ… Government spending and taxes in the ledger: deposits up, taxes down β€” what really changes

βœ… Reserves 101: what banks can and can’t do with them (and why they aren’t β€œspendable” money)

βœ… Deficit mechanics: why deficits create both money and reserves, surpluses destroy them

βœ… The eight entries you need to model government money creation (beyond simple double entry)

βœ… Why β€œborrowed from the private sector” is an accounting myth in loanable-funds models

βœ… How OMOs and QE actually work: when they create money, when they don’t

βœ… The data picture: since 2000, most new money has been credit-backed (private), not fiscal

βœ… Why government negative financial equity is normal β€” and necessary for private net financial assets


Key insights:

β€’ Deficit is not a bug β€” it’s the feature that creates net financial assets for the private sector.

β€’ Reserves are bank-to-central-bank balances; they support payments and bond settlement, not your latte.

β€’ Open-market operations with non-banks can create money; purchases from banks swap assets inside the banking system.

β€’ Loanable-funds thinking explodes government debt in theory because it excludes money creation in the first place.

β€’ Accounting done properly shows government negative financial equity mirrors private positive equity.


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


Who is Dr. Steve Keen?


Dr. Steve Keen is an economist known for accounting-consistent, data-driven models that explain how bank money, private debt, and policy operations shape the real economy. Creator of the Minsky and Ravel tools, he replaces classroom analogies with operational mechanics β€” essential for engineers, finance professionals, and anyone who wants clarity over ideology.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#usshutdown #usdebtcrisis #useconomy #BankingSystem #QE #economics #money #Macroeconomics #usgovernment

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

This video is an extended version of previous video - "Deficits aren't the danger to the US, THIS is..." Top Economist warns


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


Economist Steve Keen explains how decades of neoliberal U.S. policies have turned government deficits into a dangerous economic cycle. Using clear double-entry accounting and Ravel visualizations, Steve reveals how the obsession with balanced budgets and market deregulation has weakened the real economy, inflated private debt, and set the stage for financial collapse.


He breaks down how bank lending still creates most of the money in circulation, why government deficits actually build deposits and reserves, and how open-market operations merely reshuffle assets instead of generating real wealth. Finally, Steve proposes a Modern Debt Jubilee β€” a practical path to reset the system, reduce unpayable private debts, and restore long-term financial stability without falling into the illusion of β€œprinting money.”


In this breakdown, you’ll discover:

βœ… Cash vs digital money: why the press in DC is a sideshow

βœ… Government spending and taxes in the ledger: deposits up, taxes down β€” what really changes

βœ… Reserves 101: what banks can and can’t do with them (and why they aren’t β€œspendable” money)

βœ… Deficit mechanics: why deficits create both money and reserves, surpluses destroy them

βœ… The eight entries you need to model government money creation (beyond simple double entry)

βœ… Why β€œborrowed from the private sector” is an accounting myth in loanable-funds models

βœ… How OMOs and QE actually work: when they create money, when they don’t

βœ… The data picture: since 2000, most new money has been credit-backed (private), not fiscal

βœ… Why government negative financial equity is normal β€” and necessary for private net financial assets


Key insights:

β€’ Deficit is not a bug β€” it’s the feature that creates net financial assets for the private sector.

β€’ Reserves are bank-to-central-bank balances; they support payments and bond settlement, not your latte.

β€’ Open-market operations with non-banks can create money; purchases from banks swap assets inside the banking system.

β€’ Loanable-funds thinking explodes government debt in theory because it excludes money creation in the first place.

β€’ Accounting done properly shows government negative financial equity mirrors private positive equity.


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


Who is Dr. Steve Keen?


Dr. Steve Keen is an economist known for accounting-consistent, data-driven models that explain how bank money, private debt, and policy operations shape the real economy. Creator of the Minsky and Ravel tools, he replaces classroom analogies with operational mechanics β€” essential for engineers, finance professionals, and anyone who wants clarity over ideology.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#usshutdown #usdebtcrisis #useconomy #usdebt #BankingSystem #QE #economics #money #Macroeconomics #usgovernment

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

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


Top Economist Steve Keen breaks down why the UK’s housing market has gone from β€œcrisis” to β€œticking 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 ~4.5Γ— in the post-war era to ~9Γ— today, and lays out two concrete, workable policies to restore affordability: PILL (Property Income Limited Leverage) and an Affordable Housing Authority offering zero-interest mortgages for median and below-median earners.


In this video, you’ll discover:

βœ… Why today’s 9Γ— price-to-income rivals 1876 β€” and what changed after the 1980s

βœ… Building societies vs banks: why one didn’t create money and the other does

βœ… How bank-created mortgage credit inflates prices far faster than wages

βœ… The post-Thatcher break: household debt explodes, real house prices double faster

βœ… PILL: cap mortgages to a multiple of rental income and phase it down toward ~10Γ—

βœ… AHA: zero-interest public lending that turns β€œhousing stress” into manageable payments

βœ… Why both must run together (one cools leverage, the other preserves access)

βœ… Bonus history: Ford and Edison’s case for interest-free public finance β€” and why it matters now


Key insights:

β€’ Price without leverage is fiction: new mortgage credit is the main source of housing demand.

β€’ Deregulation shifted lending from building societies to banks β€” expanding money and bidding up existing homes.

β€’ At 7% interest, over half of lifetime payments are interest; at 0%, typical payments drop near the 30% β€œstress” threshold.

β€’ Pairing PILL with AHA bends prices down while keeping doors open for average earners.

β€’ Private debt β€” not public debt β€” is the core macro risk behind UK housing volatility.



Subscribe for reality-based economics

Like if this clarified why UK homes keep outrunning wages

Share to help others see what actually drives prices


---


Who is Dr. Steve Keen?


Dr. Steve Keen is an economist known for accounting-consistent, data-driven models showing how bank money and private debt drive booms, busts, and asset bubbles. Creator of the Minsky and Ravel tools, he replaces classroom myths with operational mechanics β€” essential for engineers, finance professionals, and anyone who wants clarity over ideology.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#ukhousing #ukhousingmarket #ukhousing #ukhousesforsale #PILL #AHA #DebtJubilee #SteveKeen #Ravel #Economics #ukeconomy #uk

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

(Plus get Ravel β€” the economic visualization software used in this video β€” 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 β€œhelp-to-buy” style policies keep fanning the fire. Using long-run data and Ravel demos, Steve shows how bank-created mortgage credit, not β€œshortages” alone, pushed the price-to-income ratio from about 4.5Γ— in the 1970s to ~12Γ— today, and outlines three concrete fixes that would finally bend prices down.


In this video, you’ll discover:

βœ… The affordability cliff: rent surges and house prices outpacing wages for decades

βœ… Why β€œsustainable price growth” is code for locking out younger buyers

βœ… How banks actually create mortgage money and why that inflates asset prices

βœ… Textbook myths: loanable funds vs. the real double-entry mechanics

βœ… Government deficits 101: why spending creates deposits and reserves (and why that’s not a crisis)

βœ… Credit cycles: when mortgage debt accelerates, house prices accelerate

βœ… Three solutions that could work: PILL, an Affordable Housing Authority, and a Modern Debt Jubilee


Key insights:

β€’ Price-to-income blew out from roughly 4.5Γ— to about 12Γ—, you cannot fix that with token grants.

β€’ New mortgage credit is the dominant source of housing demand; its acceleration maps to price growth.

β€’ Politicians obsess over public debt while private debt (households especially) is the real macro risk.

β€’ Deficits aren’t the villain; unregulated mortgage leverage is.

β€’ To restore affordability you must curb leverage, not turbocharge it.


Want to learn 50 years of real economics in 7 weeks?

Apply to Steve’s Seven-Week Rebel Economist Challenge: https://stevekeen.com


Bonus: Ravel access is included for accepted students who join.


What do you think should policy target lower prices via leverage limits and public lending, or keep chasing β€œsustainable growth”? Drop your thoughts below.



Who is Dr. Steve Keen?


Dr. Steve Keen is an economist known for accounting-consistent, data-driven models showing how bank money and private debt drive booms, busts, and asset bubbles. Creator of the Minsky and Ravel tools, he replaces classroom myths with operational mechanics β€” essential for engineers, finance professionals, and anyone who wants clarity over ideology.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#HousingCrisis #AustraliaHousing #Affordability #MortgageDebt #CreditCycles #SteveKeen #Ravel #Economics #PILL #DebtJubilee

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

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


Top Economist Steve Keen explains why UK β€œdebt 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, without freezing pensioners or gutting public services.


In this video, you’ll discover:

βœ… Loanable Funds vs reality: why β€œsavers fund borrowers” breaks basic accounting

βœ… How banks create money: loans up β†’ deposits up (and what that means for GDP)

βœ… Why OBR-style projections explode: models that exclude bank money creation

βœ… Deficits in the ledger: spending creates deposits and reserves; surpluses destroy them

βœ… Interest and debt ratios: why they taper in an accounting-consistent model

βœ… Sterling, inflation, and β€œconfidence”: narratives vs mechanics

βœ… Policy takeaway: don’t fix fake problems by creating real ones


Key insights:

β€’ If your model treats banks as pass-through vessels, you’ll miss how credit drives income and nominal GDP.

β€’ Government insolvency in its own currency isn’t the risk; bad accounting is.

β€’ Debt ratios that β€œgo to the moon” are artifacts of the wrong production function for money.

β€’ Sound analysis starts from balance sheets, not vibes: assets, liabilities, equity must balance on each row.


Want to learn 50 years of real economics in 7 weeks?

Apply to Steve’s Seven-Week Rebel Economist Challenge: https://stevekeen.com


Bonus: Ravel access is included for accepted students who join.


What did you think of the BOMD vs Loanable Funds comparison? Should fiscal policy be set by accounting-consistent models? Comment below.


---


Who is Dr. Steve Keen?


Dr. Steve Keen is an economist known for accounting-consistent, dynamic models of money and debt, and the creator of the Minsky and Ravel tools. He replaces classroom parables with operational mechanics β€” essential for engineers, finance professionals, and anyone who wants clarity over ideology.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#UKDebt #MoneyCreation #ukeconomy #BOMD #SteveKeen #Ravel #Macroeconomics #FiscalPolicy #BankingSystem

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

(Plus get Ravel β€” the economic visualization software we reference in this episode β€” 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 β€œtheory 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 Steve agrees with MMT on government money creation and where he pushes back on trade.


In this episode, you’ll hear:

βœ… β€œTextbooks are teaching a lie”: how clean curves hide messy realities

βœ… Why equilibrium thinking and perfect-competition myths mislead students and policymakers

βœ… The second-best insight: removing one β€œdistortion” can make outcomes worse

βœ… Cambridge Capital Controversies and Samuelson’s quiet concession β€” and why it never reached textbooks

βœ… Double-entry as first principles for money and macro, not supply–demand parables

βœ… Where Steve aligns with MMT on deficits and money creation β€” and why he disputes β€œexports are a cost, imports a benefit”

βœ… Climate economics under fire: why trivializing risk derails the response we need

βœ… What Ravel brings to monetary and macro modeling (and what’s coming next)


Key insights:

β€’ Start from accounting and definitions, not analogies.

β€’ Sectoral balances are conservation laws: one sector’s surplus is another’s deficit.

β€’ You can’t fix macro with micro parables; you need dynamic, accounting-consistent models.

β€’ Honest economics welcomes critique β€” even of our own side β€” when the data and logic demand it.



What should Steve and Richard tackle next β€” deep dive on double-entry and Ravel, or a full episode on climate economics? Tell us below.


Subscribe for reality-based economics

Like if this challenged the textbook stories you were taught

Share to spark better debates in policy and classrooms


Connect

Steve Keen β€” Website: https://stevekeen.com


Who are the guests?


Dr. Steve Keen is an economist known for accounting-consistent, dynamic models of money and debt, and the creator of the Minsky and Ravel tools. He challenges textbook myths with operational mechanics.


Prof. Richard Murphy, a political economist, author of the Funding the Future blog, and a long-time critic of the failed ideas driving our economy, known for clear explanations of how real-world accounts should shape economic debate.


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


(Plus get Ravel β€” the software discussed in this podcast β€” as a bonus if you’re accepted and join.)


#SteveKeen #Economics #DoubleEntry #RichardJMurphy #MMT #Ravel #CambridgeControversies #SecondBest #economicpolicy #economicrecovery #economicimpact

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

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


Top Economist Steve Keen explains how government money is actually created β€” 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 β€œreserves aren’t money,” and how open-market operations change the mix of assets without magic money trees or looming doomsday math.


In this breakdown, you’ll discover:

βœ… Cash vs digital money: why the press in DC is a sideshow

βœ… Government spending and taxes in the ledger: deposits up, taxes down β€” what really changes

βœ… Reserves 101: what banks can and can’t do with them (and why they aren’t β€œspendable” money)

βœ… Deficit mechanics: why deficits create both money and reserves, surpluses destroy them

βœ… The eight entries you need to model government money creation (beyond simple double entry)

βœ… Why β€œborrowed from the private sector” is an accounting myth in loanable-funds models

βœ… How OMOs and QE actually work: when they create money, when they don’t

βœ… The data picture: since 2000, most new money has been credit-backed (private), not fiscal

βœ… Why government negative financial equity is normal β€” and necessary for private net financial assets


Key insights:

β€’ Deficit is not a bug β€” it’s the feature that creates net financial assets for the private sector.

β€’ Reserves are bank-to-central-bank balances; they support payments and bond settlement, not your latte.

β€’ Open-market operations with non-banks can create money; purchases from banks swap assets inside the banking system.

β€’ Loanable-funds thinking explodes government debt in theory because it excludes money creation in the first place.

β€’ Accounting done properly shows government negative financial equity mirrors private positive equity.


-----


What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.


Subscribe for reality-based economics

Like if this clarified how deficits, reserves, and QE actually work

Share to help others move beyond textbook myths


-----


Who is Dr. Steve Keen?


Dr. Steve Keen is an economist known for accounting-consistent, data-driven models that explain how bank money, private debt, and policy operations shape the real economy. Creator of the Minsky and Ravel tools, he replaces classroom analogies with operational mechanics β€” essential for engineers, finance professionals, and anyone who wants clarity over ideology.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#usshutdown #finance #BankingSystem #QE #economics #money #Macroeconomics #government

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

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


----


Top Economist Steve Keen exposes how β€œhelp-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 β€œshortage” β€” it’s mortgage debt growth and the political choice to treat housing as an asset class, not a basic need.


In this hard-hitting breakdown, you’ll discover:

βœ… Why first-home buyer grants and LMI waivers pump prices instead of helping buyers

βœ… How mortgage debt growth (and its acceleration) drives house prices in multiple countries

βœ… Why the US subprime story is only mid-pack globally β€” and why Australia, Canada, NZ, UK went further

βœ… The landlord windfall effect: policies that look helpful individually but are disastrous collectively

βœ… Ownership reality check: outright owners down, mortgages and renters up since the late 1980s

βœ… How β€œcredit-based demand” props up GDP while trapping households in decades of debt

βœ… Why politicians keep doing it β€” and what a price-down policy agenda would require


KEY INSIGHTS:

β€’ Treating housing as an asset class has produced real house price rises of several multiples since the 1970s in most advanced economies.

β€’ Rising mortgage debt causes rising house prices; the tightest links show up when you track changes in the change of mortgage debt.

β€’ Australia repeatedly β€œsaved” prices with grants and boosts, shifting credit cycles without fixing affordability.

β€’ The result: fewer outright owners, more mortgaged households, more renters β€” and stagnation as income services debt instead of spending and investment.



This isn’t β€œsupply and demand” on a whiteboard. It’s the math of bank-created credit meeting political incentives β€” and the bill landing on younger households.


Want to learn 50 years of real economics in 7 weeks?

Apply to Steve’s Seven-Week Rebel Economist Challenge: https://stevekeen.com


Bonus: Ravel access is included for accepted students who join.


What’s your view β€” should governments target lower house prices rather than β€œhelp-to-buy” boosts? Add your thoughts below.


Subscribe for reality-based economics

Like if this clarified why affordability keeps getting worse

Share to help others see what’s really driving prices


----


Who is Dr. Steve Keen?


Dr. Steve Keen is an economist known for accounting-consistent, data-driven models that explain how bank money and private debt drive booms, busts, and asset bubbles. Creator of the Minsky and Ravel tools, he focuses on real-world dynamics instead of textbook myths β€” essential for engineers, finance professionals, and anyone who wants operational clarity over ideology.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#HousingCrisis #housingmarket #housingcrisis #FirstHomeBuyer #RealEstate #AssetInflation #SteveKeen #Ravel #Economics #CreditCycles

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

(Plus get Ravel β€” the proprietary economic visualization software used in this video β€” 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 β€” 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.


In this eye-opening breakdown, you’ll discover:

βœ… First principles vs analogy: why the engineer’s method beats classroom shortcuts

βœ… Why the claim that countries are like households is a false analogy for deficits and debt

βœ… The monetary system’s real foundations: double-entry bookkeeping, not supply and demand curves

βœ… Ravel demo: taxation, reserves, and sectoral balances explained step by step

βœ… Why a government surplus equals a private sector deficit, and why that matters

βœ… A macro model from strict definitions: employment, wage share, private debt, deficit

βœ… Credit’s central role in cycles, and its tight link with unemployment

βœ… Why energy belongs inside production functions, grounded in thermodynamics

βœ… How ideology keeps bad models alive, and how to replace them


Key insights:

β€’ Engineer it, don’t analogize it: start from accounting identities and conservation laws.

β€’ Sectoral balances: public saving, a surplus, reduces private net financial assets by the same amount.

β€’ Money creation: banks do not use supply and demand curves; they use double-entry to create deposits when they lend.

β€’ Dynamics over equilibrium: definitional dynamics generate cycles; equilibrium is a convenience fantasy.

β€’ Credit drives cycles: credit and unemployment move in opposite directions.

β€’ Energy is fundamental: changes in energy use track changes in global output remarkably closely.



New Book: Money and Macroeconomics from First Principles β€” for Elon Musk and Other Engineers


Built for engineers, quants, and practical thinkers who want accounting-consistent, physics-aware economics. Kindle available now; print coming soon.


Want to learn 50 years of real economics in 7 weeks?

Apply to Steve’s Seven-Week Rebel Economist Challenge: https://stevekeen.com


Bonus: Ravel access is included for accepted students who join.


What did you think of the sectoral-balances demo and the household vs country analogy? Tell us below.


Subscribe for reality-based economics

Like if first-principles reasoning clarified deficits, money, and credit

Share to help others break free from bad analogies


-------


Who is Dr. Steve Keen?


Dr. Steve Keen is a globally recognized economist who replaces textbook abstractions with accounting-consistent and data-driven models. Creator of the Minsky and Ravel software tools, Steve’s work shows how bank money, private debt, and energy shape real-world cycles. If you think like an engineer or physicist and want operational clarity over ideology, this channel is for you.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#FirstPrinciples #SteveKeen #Ravel #SectoralBalances #MoneyCreation #DoubleEntry #Macroeconomics #Deficit #CreditCycles #EnergyEconomics

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

(Plus get Ravel β€” the proprietary economic visualization software used in this video β€” 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 β€” 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.


In this eye-opening breakdown, you’ll discover:

βœ… First principles vs analogy: why the engineer’s method beats classroom shortcuts

βœ… Why the claim that countries are like households is a false analogy for deficits and debt

βœ… The monetary system’s real foundations: double-entry bookkeeping, not supply and demand curves

βœ… Ravel demo: taxation, reserves, and sectoral balances explained step by step

βœ… Why a government surplus equals a private sector deficit, and why that matters

βœ… A macro model from strict definitions: employment, wage share, private debt, deficit

βœ… Credit’s central role in cycles, and its tight link with unemployment

βœ… Why energy belongs inside production functions, grounded in thermodynamics

βœ… How ideology keeps bad models alive, and how to replace them


Key insights:

β€’ Engineer it, don’t analogize it: start from accounting identities and conservation laws.

β€’ Sectoral balances: public saving, a surplus, reduces private net financial assets by the same amount.

β€’ Money creation: banks do not use supply and demand curves; they use double-entry to create deposits when they lend.

β€’ Dynamics over equilibrium: definitional dynamics generate cycles; equilibrium is a convenience fantasy.

β€’ Credit drives cycles: credit and unemployment move in opposite directions.

β€’ Energy is fundamental: changes in energy use track changes in global output remarkably closely.



New Book: Money and Macroeconomics from First Principles β€” for Elon Musk and Other Engineers


Built for engineers, quants, and practical thinkers who want accounting-consistent, physics-aware economics. Kindle available now; print coming soon.


Want to learn 50 years of real economics in 7 weeks?

Apply to Steve’s Seven-Week Rebel Economist Challenge: https://stevekeen.com


Bonus: Ravel access is included for accepted students who join.


What did you think of the sectoral-balances demo and the household vs country analogy? Tell us below.


Subscribe for reality-based economics

Like if first-principles reasoning clarified deficits, money, and credit

Share to help others break free from bad analogies


-------


Who is Dr. Steve Keen?


Dr. Steve Keen is a globally recognized economist who replaces textbook abstractions with accounting-consistent and data-driven models. Creator of the Minsky and Ravel software tools, Steve’s work shows how bank money, private debt, and energy shape real-world cycles. If you think like an engineer or physicist and want operational clarity over ideology, this channel is for you.


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


(Plus get Ravel β€” the software used in this video β€” as a bonus if you’re accepted and join.)


#FirstPrinciples #SteveKeen #Ravel #SectoralBalances #MoneyCreation #DoubleEntry #Macroeconomics #Deficit #CreditCycles #EnergyEconomics

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

(Plus get Ravelβ„’β€”the economic visualization tool used in this videoβ€”as a bonus if you’re accepted & join.)


Top Economist Steve Keen dismantles the textbook β€œMoney Multiplier” myth and showsβ€”step by stepβ€”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:

βœ… What the Money Multiplier claimsβ€”and why it fails basic accounting

βœ… How the Bank of England & Bundesbank debunked the textbook story

βœ… A live Ravel demo: banks buying bonds vs. β€œlending from reserves”

βœ… Why β€œloans in cash” is a 19th-century artifact, not modern banking

βœ… How banks actually create deposits at the moment of lending

βœ… Why ideology (not logic) keeps bad models in the curriculum

βœ… The Bernanke–Friedman Great Depression narrativeβ€”and what it ignores


KEY INSIGHTS:

β€’ Double-entry accounting test: assets βˆ’ liabilities = equity must balance on every rowβ€”textbook Money Multiplier operations don’t.

β€’ β€œLending from reserves” breaks the books unless loans are paid entirely in cashβ€”contrary to modern practice.

β€’ Real-world banking: banks simultaneously mark up loans (asset) and deposits (liability). That’s how new money enters the system.

β€’ Ignoring bank money creation leads economists to blame the state and miss private-credit cycles.


This isn’t theory vs. theoryβ€”it’s accounting vs. error. If you care about how money really enters the economy, you need the operational picture, not a classroom fable.


πŸŽ“ Want to learn 50 years of real economics in 7 weeks?

Apply to Steve’s Seven-Week Rebel Economist Challenge: https://stevekeen.com


πŸ’» Bonus: Ravelβ„’ access is included for accepted students who join.


πŸ’¬ What did you think of the Ravel demo and the accounting checks? Share your take in the comments!


πŸ”” SUBSCRIBE for more reality-based economics

πŸ‘ LIKE if this clarified how banks actually create money

πŸ“€ SHARE to help others move beyond textbook myths


Connect with Steve Keen:

Website: https://stevekeen.com


--


Who is Dr. Steve Keen?


Dr. Steve Keen is a leading economist known for challenging textbook myths with empirically grounded, accounting-consistent models of money and debt. A PhD economist and creator of the Minsky and Ravel tools, Steve has spent decades showing why private credit dynamics drive booms and bustsβ€”and why ignoring bank money creation leads policy astray. His work is essential for engineers, finance professionals, and technologists who want operational clarity rather than abstractions.


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


(Plus get Ravelβ„’β€”the software used in this videoβ€”as a bonus if you’re accepted & join.)


#MoneyMultiplier #MoneyCreation #BankOfEngland #Bundesbank #DoubleEntry #Economics #SteveKeen #Ravel #Macroeconomics #BankingSystem

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

(Plus get Ravelβ„’ - 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 β€œtax the rich” budget modelβ€”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 taxesβ€”it’s about the plumbing of money.


In this explosive breakdown, you’ll discover:

βœ… Where Gary’s spreadsheet goes wrong (government β‰  household)

βœ… How gilt auctions & bank reserves really fund deficits

βœ… Why government spending creates money (and when debt stabilizes)

βœ… Why β€œtax the rich” mattersβ€”but banks must be in the model

βœ… How austerity drains the poor’s deposits and backfires

βœ… Ravel simulations: debt ratio & interest payments can plateau


KEY INSIGHTS:

β€’ Primary buyers of new government bonds are banks/CB-account holders, not β€œthe rich.”

β€’ Deficits add net financial assets to the private sector; austerity removes them.

β€’ Taxing the rich helps distributionβ€”but ignoring banking mechanics creates false β€œdebt doom.”

β€’ With realistic flows, debt-to-GDP and interest can stabilize rather than explode.

β€’ Policy focus: tax the wealthy, fix banking incentives, fund real services (NHS, schools, transport).


πŸŽ“ Want to learn 50 years of real economics in 7 weeks?

Join Steve’s Seven Week Rebel Economist Challenge: https://stevekeen.com


πŸ“š Get Steve’s β€œFunny Money” book FREE when you apply for the course


πŸ’¬ Do you agree with Steve’s critique of Gary’s model? Tell us why in the comments.



πŸ”” SUBSCRIBE for more reality-based economics from the Top Economist who warned about 2008

πŸ‘ LIKE if this clarified how government finance actually works

πŸ“€ SHARE to help others understand taxes, banks, and deficits


--


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.


---


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


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


#HousingBubble #TrumpHousingEmergency #RealEstate #Economics #HousingCrisis #PropertyPrices #BankingSystem

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

(Plus get Ravelβ„’ - 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 β€œzero 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 produces a debt/GDP crisis even with small deficitsβ€”while the real-world accounting model delivers rising GDP, stable interest burdens, and deposits that grow with government deficits. We also reference the Bank of England’s 2014 bulletin on money creation and explain why popular β€œAmerica will go bankrupt” takes rest on a faulty framework.


If you’ve ever been told government deficits β€œcrowd out” investment, this breakdown shows what the textbooks miss: where money and debt originate, how central bank and treasury accounts interact, and why deficits add net financial assets to the private sector. Watch to the end for a clear, step-by-step walkthrough, then tell us which model matches reality in your view. If you value grounded, model-driven macro (without the myths), hit subscribe and share this with someone who still believes in loanable funds.



--


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.


---


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


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

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

(Plus get Ravelβ„’ - 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 differenceβ€”how we view the role of government debt in today’s economic challenges.


In the meantime, if you’d like to dive deeper into my work, you can grab a copy of my cartoon book Funny Money at stevekeenfree.com. It’s a lighthearted take on a serious issueβ€”the chaos that money can create over time. You can also check out my online course, where I teach my unique approach to economics and how it connects with the ideas discussed here.

--


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.


---


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


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

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

(Plus get Ravelβ„’ - 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 β€” 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 β€” a path that distorted reality and crippled the Soviet Union.


πŸ“Š In this video: Why this move is dangerous, the history behind it, and what it means for democracy.


--


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.


---


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


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

πŸ‘‰ 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. 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.


---


πŸ‘‰ Again, 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

πŸ‘‰ 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. 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.


---


πŸ‘‰ Again, 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

πŸ‘‰ 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. 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.


---


πŸ‘‰ Again, 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

πŸ‘‰ 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. 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.


---


πŸ‘‰ Again, 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

πŸ‘‰ 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. 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.


---


πŸ‘‰ Again, 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

πŸ‘‰ 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 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.


---


πŸ‘‰ Again, 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...

πŸ‘‰ 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 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.


---


πŸ‘‰ Again, 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

πŸ‘‰ 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 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.


---


πŸ‘‰ Again, 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

πŸ‘‰ 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 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.


---


πŸ‘‰ Again, 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

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 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.


---


Again, If you enjoyed this video, you might also like my most popular video, "Don't Study Economics, Study THIS Instead." go.stevekeen.com

πŸ‘‰ 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 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.


--


πŸ‘‰ 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.)

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

--

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.

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

--

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.

Published 2025-04-18

Top Economist Warns US "Elon Musk's Magic Money is Wrong"

9 min Transcript
Open

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

--

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.

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

--

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.

Published 2025-04-06

Top Economist Explains U.S. Recession (Re: Trump and Musk)

12 min Transcript
Open

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

--

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.

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

--

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.

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

--

(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 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.

Published 2025-03-16

"Rachel Reeves is Wrong" Top Economist Warns the UK

12 min Transcript
Open

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. 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.

Published 2025-03-09

Top Economist Explains: The U.S. is Wrong about Energy...

19 min Transcript
Open

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 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.

Published 2025-02-21

"Is Trump Wrong on Tariffs?" Top Economist Warns the US

16 min Transcript
Open

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 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.

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. 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.

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. 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.

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 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.

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. 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.

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.

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.

Published 2024-11-20

Top Economist: Why Climate Change Economists are Deadly

18 min Transcript
Open

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.

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 Climate Change

20:26 The Role of Energy in Economic Models

28:22 The Theory of the Second Best

29:35 Discovering Marxist Critiques

30:36 The Cambridge Controversies

31:22 Disillusionment with Textbooks

31:38 Belief in a Perfect World

35:37 Climate Change Realities

40:57 Economic Models and Natural Inputs

43:40 Political Leadership and Climate Action

46:22 The Decline of Political Leadership


Huge thanks to Matthew Rose from Brave New Europe.

Brave New Europe Channel: https://www.youtube.com/@BraveNewEurope


--


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.

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.

Published 2024-11-04

"Elon Musk Is Wrong" Top Economist Warns

16 min
Open

"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. 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.

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.

Published 2024-10-11

How the Fed Fails at Inflation

22 min
Open

"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 enlightening conversation that could change how you view the economy!


---


Like others, if you also enjoyed this video - you'll probably like these freebies too:


1) Join ~10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle (2 books valued at $60).


Free this week here:

new.stevekeenfree.com


2) Are you an Engineer, Finance, or IT Professional? (Active or Retired)


If you are, the 7-Week Rebel Economist Challenge is made for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week.


Learn more here:

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 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.

Published 2024-10-07

How The $100 Million Man Lost It All

16 min
Open

"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.

---


Like others, if you also enjoyed this video - you'll probably like these freebies too:


1) Join ~10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle (2 books valued at $60).


Free this week here:

new.stevekeenfree.com


2) Are you an Engineer, Finance, or IT Professional? (Active or Retired)


If you are, the 7-Week Rebel Economist Challenge is made for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week.


Learn more here:

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 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.

"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 WΓΆrgl during the Great Depression and how they sparked economic revival, only to be shut down by central banks. This conversation will leave you questioning the narratives we've been taught about economics and history.

---


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--


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 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 understanding of economic systems and their real-world implications.


---


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--


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.

"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 choices are constrained and creativity is stifled. Discover how these dynamics have shaped our economy and what it means for future generations.

---


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--


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.

"Learning economics at a university is like learning atomic astronomy with Earth at the center of the universeβ€”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 profound comprehension of economic principles.

---


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--


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.

"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 careerβ€”from teaching to overseas aid and computingβ€”shaped his unique perspective on economics and life. This is a compelling exploration of authenticity, the pursuit of passion over security, and the lessons learned from a life lived true to oneself.


---


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--


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.

"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 theories and presents a fresh perspective on the dynamics of debt and demand.

---

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Learn more here:

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--


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.

Published 2024-09-13

I Proved Paul Krugman Wrong (Again)

26 min
Open

"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 could change the way you think about money and demand!


---


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--


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.

Published 2024-09-09

Myths of Economic Equilibrium (On iNET)

12 min
Open

"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 a seasoned scholar, this conversation is sure to ignite your curiosity about the future of economic modeling.

---


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Learn more here:

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 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.

"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 future.

---


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If you are, the 7-Week Rebel Economist Challenge is made for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week.


Learn more here:

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 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.

"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 other countries like Canada and South Korea. Don't miss this insightful discussion that sheds light on the future of global housing markets!


---


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1) Join ~10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle (2 books valued at $60).


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If you are, the 7-Week Rebel Economist Challenge is made for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week.


Learn more here:

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 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 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 and offers a thought-provoking perspective on what lies ahead for our global economy.


---


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1) Join ~10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle (2 books valued at $60).


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If you are, the 7-Week Rebel Economist Challenge is made for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week.


Learn more here:

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 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 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 financial landscape. Don't miss this chance to gain valuable insights into the future of housing and the economy!


---


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If you are, the 7-Week Rebel Economist Challenge is made for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week.


Learn more here:

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 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."

Published 2024-08-15

China's Debt Crisis (On Renegade Inc)

4 min
Open

"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 the world's largest economies and the challenges it faces ahead.


---


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If you are, the 7-Week Rebel Economist Challenge is made for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week.


Learn more here:

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 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.

"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 of conventional economic wisdom. Don't miss this eye-opening exploration into the real mechanics of capitalism and the urgent need for systemic change.


---


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If you are, the 7-Week Rebel Economist Challenge is made for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week. Apply here: 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 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 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 shaping our world, this video offers a compelling analysis of the current economic landscape.


---


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1) Join ~10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle (2 books valued at $60).


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2) Are you an Engineer, Finance, or IT Professional? (Active or Retired)


If you are, the 7-Week Rebel Economist Challenge is made for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week.


Learn more here:

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 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.

Published 2024-08-07

How Economics Became a Cult (On iNET)

15 min
Open

"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 incorporate monetary dynamics into economic modeling, and how it challenges the traditional equilibrium approach. Dive into the intricacies of economic theory, the role of money, and the potential for a new economic paradigm.

---


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--


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 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. Uncover the mechanics of money creation, the myths surrounding it, and the urgent need for banking sector reforms to prevent future crises.

---


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--


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.

"It's like saying this ship will go a lot faster if you take off all the stuff that's there to stabilize itβ€”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 might just be the key to reforming economics. Explore the inherent instability of capitalism, the misconceptions of austerity, and the global economic landscape from the US to China. Don't miss this eye-opening critique that challenges the very foundations of modern economic thought.

---

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--


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.

"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 expectations, and the role of financial institutions in this compelling analysis.

---


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--


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 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. Don't miss this thought-provoking conversation that challenges conventional economic wisdom and offers a fresh perspective on managing financial crises.

---


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--


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.

"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 mechanics of our economy and what truly drives financial stability.

---


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If you are, the 7-Week Rebel Economist Challenge is made for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week.


Learn more here:

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--


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.

"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 are leading us towards another global financial crisis. This is a must-watch for anyone questioning the status quo and seeking a deeper understanding of our economic future.

---

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If you are, the 7-Week Rebel Economist Challenge is made for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week.


Learn more here:

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--


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.

"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 don't understand their own spells and what can be done to steer the economy towards a more stable and equitable future.

---

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If you are, the 7-Week Rebel Economist Challenge is made for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week.


Learn more here:

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--


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.

"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 constraints of capitalism.


---


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--


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.

"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.


---


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--


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.

"Schumpeter's argument,Β 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.


---


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Are you an engineer, finance, or IT professional?

If you are, the 7-Week Rebel Economist Challenge is for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week. Apply here: 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 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 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.


---


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Are you an engineer, finance, or IT professional?

If you are, the 7-Week Rebel Economist Challenge is for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week. Apply here: 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 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.

"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.

---


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If you are, the 7-Week Rebel Economist Challenge is for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week. Apply here: 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 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 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.


---


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--


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.

Published 2024-07-03

Marxism Misinformation (with Lex Fridman)

3 min
Open

"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.


---


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If you are, the 7-Week Rebel Economist Challenge is for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week. Apply here: 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 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.

"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.

--


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


Are you an engineer, finance, or IT professional?

If you are, the 7-Week Rebel Economist Challenge is for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week. Apply here: 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 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 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 capitalist innovation on modern economies.


--


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If you are, the 7-Week Rebel Economist Challenge is for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week. Apply here: 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 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.

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 into private and government money creation, challenging conventional views on economics.


--


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.

Published 2024-06-20

The One Thing Karl Marx Got Wrong

18 min
Open

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"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, integrating subjective and objective notions of value. Steve Keen unpacks these revolutionary ideas, challenging conventional economic thought and revealing their profound significance in understanding modern economic systems. Join us for a thought-provoking journey through the evolution of Marx's ideas and their lasting impact on economic theory.

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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.

Published 2024-06-18

Why China is Winning (with Lex Fridman)

21 min
Open

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"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 and political centralization that has driven its remarkable growth. Discover how China's strategic partnerships and pragmatic policies have fostered both innovation and infrastructure development, setting it apart from Western approaches. Steve Keen provides a compelling analysis of the economy.


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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.

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

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"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 originβ€”from land, labor to subjective utilityβ€”has shaped the dynamics of capitalism and why this matters to anyone interested in the future of economics.

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

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"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 values driving our economy.


--


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.