"People are Sensing a System Breakdown" - Steve Keen
Paul Buitink talks to Australian rebel economist, author and creator of Ravel software Steve Keen about the idiocy of mainstream or neoclassical economics. We discuss how he has fallen out with other schools of economics and why mainstream economists don't see crises from happening, since they don't understand money. Economist Hyman Minsky did, and Steve has further built upon those insights.Steve explains why the euro was a mistake and how the US shouldn't worry about its public debt, but about its private debt. He explains how Modern Monetary Theory (MMT) and People's QE work but also where…
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