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Top Economist Warns "Why Economic Recovery is Doomed" (On Every Investor)
Manage episode 432649126 series 3579547
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"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.
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