Steve Keen - Can we avoid another financial crisis?





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Streamed live on May 9, 2017

Check out Steve's Patreon page at https://www.patreon.com/ProfSteveKeen

Paul Buitink (@paulbuitink) and Martijn Jeroen van der Linden, Phd researcher at Delft University of Technology (@MartijnJvdL) talk with Professor Steve Keen of Kingston University in London.

Steve explains what's wrong with mainstream economic model (lack proper money, equilibrium-based and rational agents) and why we therefore fail to see a crisis from coming.

He explains which zombie countries are to run into problems again, like UK, China, The Netherlands.

We talk about improving economic models using Minsky's insights. Focus needs to be on private debt levels.

Solutions for a crisis can be found in a Modern Debt Jubilee and better credit control.

Steve is no big fan over complete free markets (Hayek) or Positive Money solutions like sovereign money.



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