Rebel Economics with Dr. Steve Keen

"Capitalism is fundamentally a monetary phenomenon, and we must model the monetary side of the economy."

Join influential economist Steve Keen as he challenges the traditional neoclassical perspective on economics and banking. In this thought-provoking discussion, Keen introduces his innovative dynamic simulation tool, Minsky, designed to capture the complexities of financial transactions and the role of money in economic systems. Discover how Keen's insights, rooted in the works of Hyman Minsky and the monetary circuit theory, can reshape our understanding of economic dynamics and help us navigate the current economic landscape. Whether you're an economics enthusiast or...

"Politicians and mainstream economists are navigating the economy like amateur drivers behind the wheel of a car."

Join economist Steve Keen as he dissects the pitfalls of neoliberalism and the amateurish approach of politicians towards economic policy. In this eye-opening discussion, Keen compares economic management to driving, illustrating how misguided strategies lead to disastrous outcomes. He explores the implications of austerity measures in the UK, the impact of private debt, and the stark realities of a bubble-driven economy. Tune in to understand why the current economic landscape is fraught with challenges and what it means for the...

"Australia is a particular basket case, but the UK is at a crossroads with house prices that are stagnant and a looming crisis in the housing market."

Join us as we explore the intricate dynamics of the housing markets in Australia and the UK with our expert analyst. Discover why the UK is facing a unique situation with declining house prices, particularly in London, while also grappling with high levels of household debt and the implications of interest-only loans. We'll delve into the speculative nature of luxury real estate and the potential for a housing crisis in...

"The capacity to lever up the system isn't there, and the capacity of people to get out of the system in a panic moment is much higher."

Join economist Steve Keen as he navigates the turbulent waters of today's financial landscape, discussing the disconnect between asset prices and the physical economy. In this eye-opening video, Keen explores the implications of quantitative easing, the peak of private debt, and the looming threat of volatility in the markets. With insights into the future of pensions and the potential for a 'modern debt jubilee,' Keen challenges conventional economic wisdom...

""The entire economy gets sucked into a whirlpool of speculation, and when that happens, ultimately you'll have so much debt that the economy can't finance itself."

Join us as we explore the intricate relationship between housing prices, mortgage debt, and government policy with our expert guest. In this eye-opening discussion, we delve into the factors driving the UK housing market, the impact of foreign buyers, and the consequences of speculation on the economy. Discover how the dynamics of debt and asset prices can lead to economic downturns, and why understanding these relationships is crucial for navigating today's...

"China's private debt has doubled in just six years, and the consequences are looming."

Join us as we delve into the precarious state of China's economy with expert insights on the alarming rise of private debt and the potential fallout. Discover how the Chinese government’s aggressive lending practices have fueled a massive property bubble and led to overcapacity in industrial production. We explore the implications of these trends, the unique dynamics of China's financial system, and what the future may hold as the country grapples with unsustainable growth. Don't miss this critical analysis of one of th...

"How anybody thinks they can analyze capitalism while leaving out banks, debt, and money is a bit to me like the ornithologist trying to work out how a bird flies while ignoring that the bird has wings."

Join the influential economist Steve Keen as he dissects the glaring omissions in mainstream economic models and their catastrophic implications. Discover why ignoring private debt, banks, and money leads to flawed predictions and recurring financial crises. From the US housing market crash to the global financial crisis, Keen reveals the hidden forces driving economic instability and offers a sobering critique...

"The level of inequality now, as Piketty pointed out in his master book, is now greater than at any time in history with possibly the sole exception of the Gilded Age."

Join Steve Keen as he delves into the pressing issue of economic inequality and its far-reaching consequences. In this insightful discussion, Keen explores how financial engineering has exacerbated inequality, leading to economic instability and social conflict. Discover the critical role of private debt, the impact of Federal Reserve policies, and the potential for future economic crises. Whether you're an economist or just curious about the forces...

"The most dangerous person you'll meet in the world is a person who's sincerely chasing you down the road trying to cut your head off."

Join the influential contrarian economist Steve Keen as he critiques modern economics and its foundational flaws. In this eye-opening discussion, Keen explains how mainstream economics has evolved into a cult-like belief system, immune to its own mathematical errors and real-world failures. Discover how his work, inspired by non-mainstream economists like Herman Minsky and Joseph Schumpeter, aims to reform economic theory using complex systems models. Learn about his innovative software, Minsky, designed to...

"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...