Erik Townsend welcomes Steve Keen to MacroVoices. Erik and Professor Keen discuss:
— Brexit’s economic consequences and possible political spillover into other European countries
— Ditching the ivory tower in favor of working with entrepreneurs
— The emergence of alternative currencies backed by labor and assets
— The possibility of an energy-backed currency
— The fundamental ingredient of trust in alternative currencies
— The risk of entrusting private enterprise with money creation
— Negative interest rates and fractional reserve banking
— Fading mainstream confidence in neoclassical central bankers
— Possible catalysts for the next financial crisis
Dr. Steve Keen is Professor of Economics, Politics and History at Kingston University, London.
He was one of the handful of economists to realize that a serious economic crisis was imminent, and to publicly warn of it, from as early as December 2005. This, and his pioneering work on complex systems modeling of debt-deflation, resulted in him winning the Revere Award from the Real World Economics Review for being the economist “who first and most clearly anticipated and gave public warning of the Global Financial Collapse and whose work is most likely to prevent another GFC in the future”.
The financial newspaper City AM ranks him as the 3rd most influential economist in the UK.