Erik Townsend and Aaron Chan welcome Professor Steve Keen to MacroVoices. Erik and Professor Keen discuss:
— How Trump might be the most Keynesian President since Reagan
— Possibility of a recession occurring before U.S. fiscal stimulus is implemented
— Private debt level’s inability to absorb higher rates
— Prospects for a debt jubilee and subsequent credit boom
— Implementation and distribution of debt jubilee as “people’s QE”
— Unconstrained QE from central banks
— European Union disintegration making Lehman look like a picnic
— Knock-on effects from European Union disintegration
— Last gasps of neoliberalism evidenced by upcoming UK university classification system
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.