"It's like saying this ship will go a lot faster if you take off all the stuff that's there to stabilize it—you know it will, but it'll go upside down at some point and sink." Join us as we delve into the mind of Steve Keen, the economist who has consistently predicted major economic crises that mainstream economists failed to foresee. In this riveting discussion, Keen explains why traditional economic models are fundamentally flawed, how ignoring the role of debt and banks has led to...

"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...

"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...

"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...

"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....

"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...

"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...

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

"Schumpeter's argument, it's the deviation from equilibrium that's where all the fun happens, that's where all the magic lies." Dive deep with us as we explore Austrian Economics and Schumpeter's revolutionary vision of capitalism. Understand the intricate dance between equilibrium, innovation, and finance that drives our economic systems. Discover how entrepreneurship, money creation, and financial engines have shaped the dynamic world of capitalism we experience today. --- Join 10,000...

"The Nazi regime's 'socialism' was a facade, merely directing industry, not owning it." Dive deep into the intricacies of fascism and socialism in our latest discussion. Discover how true socialism contrasts starkly with the Nazi regime's so-called 'national socialism,' which involved state direction rather than public ownership. Understand the importance of ownership of the means of production and how terms are often misinterpreted and misused in political discourse. --- Join 10,000 Other...

"I say don't do an economics degree...doing an economics degree is like learning Ptolemaic astronomy." Steve Keen shares unconventional career advice and personal reflections. In this captivating discussion, discover why Keen advises against traditional economics degrees and advocates for a more dynamic approach to education through system dynamics. Hear his inspiring story of choosing principles over security and the lessons he's learned from a life led by passion and integrity. --- Join...

"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...

"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...

"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...

"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...

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,...

Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com -- "There was the centralization of the economic stuff, the GOS Plan approach. I think that was where the Soviets failed, and what the Chinese realized after what they went through under Mao was you have to have that capitalist period, but they weren't going to abandon the communist control politically of the country at the same time." Join us as Steve Keen delves into the...

Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com -- "That's right, and so that's what makes them interesting." Dive into a thought-provoking journey with a critical analysis of historical and modern economic theories as unfolded in the conversation. Uncover why ancient economic insights might hold key solutions to today's financial uncertainties and how a contrarian viewpoint can dismantle longstanding economic beliefs....

Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com -- "The tensions between our basic humanity and the capitalist machine can transform society over time." Dive deep with Steve Keen as he unpacks Karl Marx's revolutionary ideas and their relevance in today's world. Discover how Marx's concept of dialectics, and his critique of value in capitalist societies, still hold powerful insights into our modern economic systems. From...