Erik Townsend welcomes Prof. Steve Keen to MacroVoices. Erik and Steve discuss:
- Reflecting on the 2008 crisis
- What is going to go wrong with the current credit cycle
- False narratives around QE and bank reserves
- Where is the risk to correction in asset pricing?
- Walking dead of debt and the zombies to be
- Considerations on Japan, Canada and China
- How long does this debt cycle last?
- Will the next crisis be more wide spread?
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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.