Professor Keen debunks the myth of government deficits

Blockworks Macro, Released on 12/7/22

Professor Keen joins the show to debunk the myth of government deficits by walking through the biggest misconceptions in the mechanics of money, government spending and private vs public sector deficits.

Steve Keen is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticizing neoclassical economics as inconsistent, unscientific and empirically unsupported. Keen was formerly an associate professor of economics at University of Western Sydney, until he applied for voluntary redundancy in 2013, due to the closure of the economics program at the university. In autumn 2014 he became a professor and Head of the School of Economics, History and Politics at Kingston University in London. He is also a fellow at the Centre for Policy Development. His latest book is The New Economics: A Manifesto.

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