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Steve Keen: “Why Did It Take So Long For This Crash To Happen?”
Steve Keen: “Why Did It Take So Long For This Crash To Happen?” As originally written at RT, outspoken Aussie economist Steve Keen points out that everyone who’s asking “why did the stock market crash Monday?” is asking the wrong question; the real question, Keen exclaims, is “why did it take so long for this […]
How I sold out to the Putin-Soros-Murdoch conspiracy to destroy Western civilization
How I sold out to the Putin-Soros-Murdoch conspiracy to destroy Western civilization Steve Keen is an Australian economist and author. He’s professor and Head of the School of Economics, History and Politics at Kingston University in London. You can support his attempts to build a new economics https://www.patreon.com/ProfSteveKeen. I was delighted to find myself in […]
There Is No Excuse For Janet Yellen’s Complacency
There Is No Excuse For Janet Yellen’s Complacency Janet Yellen has been reported by Reuters as saying in London yesterday that “she does not believe that there will be a run on the banking system at least as long as she lives”: “Would I say there will never, ever be another financial crisis? You know […]
CERN Discovers New Particle Called The FERIR
CERN Discovers New Particle Called The FERIR This is an article by our friend Steve Keen, which was yanked by Forbes yesterday after just a few hours due to, according to Steve, their ‘parody policy’. I did some research and it turns out the Automatic Earth has no such policy. So I offered Steve to […]
Canada due for debt crisis and recession, economist argues
Canada due for debt crisis and recession, economist argues Credit growth has to stop at some point, and then economy shrinks, argues Steve Keen Finance Minister Bill Morneau has just delivered a budget that will put Canada deeper in debt. A Forbes columnist argues that puts Canada on track for a credit crisis. (Sean Kilpatrick/Canadian […]
The Balkanization of Europe
The Balkanization of Europe Danae Stratou, Ilargi, Yanis Varoufakis and Steve Keen Feb 16 2016When my mate Steve Keen took me to meet Yanis Varoufakis for dinner last week when we all happened to find ourselves in Athens together, I at least sort of regretted not having the time and space to talk to Yanis about […]
Are Asian Central Bankers Even Crazier Than Our Own?
Are Asian Central Bankers Even Crazier Than Our Own? That the world’s central bankers get a lot of things wrong, deliberately or not, and have done so for years now, is nothing new. But that they do things that result in the exact opposite of what they ostensibly aim for, and predictably so, perhaps is. […]
Why the Fed Is WRONG About Interest Rates
Why the Fed Is WRONG About Interest Rates Richard Werner – an economics professor and the creator of quantitative easing – says that it’s a myth that interest rates drive the level of economic activity. The data shows that the opposite is true: rates lagthe economy. Economics prof Steve Keen – who called the Great Recession before […]
Austerity, Economics and Religion
Austerity, Economics and Religion There are many things going on in the Greece vs Institutions+Germany negotiations, and many more on the fringe of the talks, with opinions being vented left and right, not least of all in the media, often driven more by a particular agenda than by facts or know-how. What most fail to […]
Steve Keen: The Deliberate Blindness Of Our Central Planners
Steve Keen: The Deliberate Blindness Of Our Central Planners Choosing to ignore the largest risks The models we use for decision making determine the outcomes we experience. So, if our models are faulty or flawed, we make bad decisions and suffer bad outcomes. Professor, author and deflationist Steve Keen joins us this week to discuss […]
The Fed Has Not Learnt From The Crisis
The Fed Has Not Learnt From The Crisis The Financial Crisis of 2007 was the nearest thing to a “Near Death Experience” that the Federal Reserve could have had. One ordinarily expects someone who has such an experience—exuberance behind the wheel that causes an almost fatal crash, a binge drinking escapade that ends up in the […]
The overdue Copernican Revolution in Economics – Steve Keen’s Debtwatch
The overdue Copernican Revolution in Economics – Steve Keen’s Debtwatch. This is the talk I gave at the first conference of the International Student Initiative for Pluralism in Economics, held in the beautiful German town of Tuebingen, Germany on September 19–21 2014. I cover Minsky, money, complexity, the role of debt in aggregate demand & aggregate supply, and the economic […]