How to Avoid The Next Financial Crisis (On MoneyWeek)

Rebel Economics with Dr. Steve Keen

"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.