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Steve Keen – Debt Jubilee With a Twist

Talk Digital Network, Released on 4/13/18

We connected with economist Steve Keen who unlike most practitioners of the dismal science actually proposes solutions that might even work. As almost anyone will tell you, the world economic system is a mess. There’s way too much debt and not enough equity. Steve proposes paying everyone in the US a fixed amount of money. For those in debt, it would have to be used to pay it down. Those few among us who are solvent would use it to buy shares in companies who would be required to pay down their debt. It might not be practical but there’s a certain sense to it. And in any event, it sure beats QE. 

Steve Keen is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising 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. He is the author of Can We Avoid Another Financial Crisis? (The Future of Capitalism).

2 Responses to Steve Keen – Debt Jubilee With a Twist

  1. JerseyJoe Reply

    04/15/2018 at 8:27 am

    Fairy Tales.

  2. JerseyJoe Reply

    04/15/2018 at 8:28 am

    He is essentially arguing the very basis of fascism.

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