Economists Refuse To Believe Banks, Debt & Money Are Important - Professor Steve Keen

Today welcome back Prof Steve Keen to discuss the failing financial system. Global central banks are once again having to restart QE & bail everyone out as the debt based monetary system collapses yet again. Nothing has been fixed since the 2008 global financial crisis. So what have governments, central banks & retail banks got wrong? Why are they ignoring the impending debt crisis & unfunded liabilities? What does the future has in store for developed economies who continue to paper over these cracks with larger rounds of stimulus, bail outs & money printing? Mainstream economists continue to ignore the roll of banks, debt & money in the economy & they wonder why they can't predict yet another financial crisis.

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Richard Vague: https://www.amazon.com/Brief-History-Doom-Financial-Foundation/dp/B07WT5YZB7/

Michael Hudson: https://www.amazon.com/forgive-them-their-debts-Foreclosure-ebook/dp/B07QGFZ7DW/

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Date of Recording: 24th April 2020

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