Chatter #346 – Professor Steve Keen: What Really Causes Inflation, Hard Money and Bitcoin’s Big Flaw

Professor Steve Keen is an Australian economist renowned for his critical stance on mainstream economic theories, particularly neoclassical economics. He holds degrees from the University of Sydney and a Ph.D. from the University of New South Wales. Keen has become a prominent figure for his analyses of financial instability and economic crises, advocating for the inclusion of complex systems theory and Hyman Minsky’s financial instability hypothesis in economic models. His book “Debunking Economics: The Naked Emperor Dethroned?” challenges the foundations of traditional economic thought. Additionally, he developed the “Minsky” software tool to model economic systems incorporating banking and debt, reflecting Minsky’s theories. Keen is also noted for predicting the 2008 global financial crisis based on his analysis of rising private debt levels.



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