Dr. Steve Keen @ProfSteveKeen
Help me build a new economics by supporting me on either Patreon or Substack. Debunking Economics, Minsky. stevekeenfree.com London, UK Joined June 2011-
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@IoTcryptochain @alice_und_bob @giottodf @ProfSteveKeen Don't think this has anything to do with woke, leftism etc @ProfSteveKeen along with Minsky's idea predicted the subprime crisis but were largely ignored We need varied relevant perspectives & discussions on Polkadot's economic and "monetary" policy
As we rapidly increase greenhouse gas concentrations, more heat is accumulating in the lower atmosphere, while the higher atmosphere is actually cooling down:
Bella Donita holding an Israeli official to account in January on Sky News, it was her last ever appearance. Like Sangita Myska she was cancelled. RT the hell out of this, we can't let anyone who stands up be cut down, and let them get away with it.
@IoTcryptochain @alice_und_bob @giottodf @ProfSteveKeen and creation of money youtu.be/w-qAEiKImZA?si…
Ages ago--as in about three weeks--I used to create blog posts from within @Microsoft Word. Now I can't find "Post to Blog". Does anyone know what's happened to it?
@phildobbie @ProfSteveKeen One not so serious take away from this great podcast about gold. If two very dense bodies collide gold can be a by product. What if two neo-classical economist collide??
I'll stop there. If you're interested in the clean-energy transition -- the story of our times -- I encourage you to subscribe. And note: Volts is entirely funded through paid subscriptions. So if you value this kind of work, please pay. 🙏 volts.wtf/subscribe
It has come to my attention that I have done insufficient self-promotion & some of you don't even know I have a podcast. I do! It's called Volts & it's about clean energy. And -- if I may say so myself -- it's been on a bit of a roll lately. A 🧵.
@GeorgeSelgin Every elementary economics textbook is wrong. As we’ll discuss when you come on @SKandFriends soon George.
"growth in Private Debt is a major source of demand in the economy, but that demand comes with the cost that your debt level rise & there is a tendency ... for the debt level to rise over time t the point where u have so much debt that u can't service it" x.com/profstevekeen/…
"growth in Private Debt is a major source of demand in the economy, but that demand comes with the cost that your debt level rise & there is a tendency ... for the debt level to rise over time t the point where u have so much debt that u can't service it" x.com/profstevekeen/…
Bravo! I look forward to seeing it in print
Bravo! I look forward to seeing it in print
BOOM Finance and Economics 28th April 2024 -- 1. GREECE POPULATION COLLAPSE 2. THE DISASTER OF ZIMBABWE’S NEW “DIGITAL CURRENCY” - THE Zig ZIMBABWE “GOLD” 3. RUSSIAN ECONOMY STRONG open.substack.com/pub/boomfinanc… @PaulGambles2 @scientificecon @ProfessorWerner @ProfSteveKeen
Spot the #MEER rooftops 😎 Up to 7C cooler inside for residents of Kroo Bay in #Freetown. Heat #Adaptation like this is needed on a huge scale in regions suffering from thermal intolerance.
All 5 RIP @MonetaryBlog s here: @ProfDavidFields RIP Phillips Curve RIP Natural rate of Interest RIP Money Neutrality RIP PPP RIP Central Bank Independence Next one: RIP Money Multiplier macroeconomist.wixsite.com/monetarypolicy…
So heres a story 🧵🧵🧵 Here in China, my Serbian friend's wife just gave birth last night. Her water broke and strong pain started exactly during the afternoon traffic jam, around 6pm. As he sat her in the car, the map showed 55 minutes to the hospital. So what he does is 1/
1⃣ We cannot eat coal or drink oil. It is time for our leaders to treat the climate crisis with the urgency it deserves. Our leaders, the banks, the 36 people who hold as much money as half the citizens of Earth, this miracle of the Universe that you are walking on, right here,…
To any thinking person it must be obvious that private debt is of paramount importance. Is the failure of most economists to see this driven by ideology blindness of the "four legs good, two legs bad variety" as in: Private sector good, public sector bad?
To any thinking person it must be obvious that private debt is of paramount importance. Is the failure of most economists to see this driven by ideology blindness of the "four legs good, two legs bad variety" as in: Private sector good, public sector bad?
IISL's youngest Fellow and @Stanford sophomore's research uses #SystemDynamics to model how capital & labor interact to co-create & distribute the wealth of nations. If the UK were to join the US as its 51st state, it would be last in terms of GDP per capita behind Mississippi.…
Bonus @MonetaryBlog blog. the 5th in our RIP series RIP Central Bank Independence medium.com/@monetarypolic…
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@IoTcryptochain @alice_und_bob @giottodf @ProfSteveKeen Don't think this has anything to do with woke, leftism etc @ProfSteveKeen along with Minsky's idea predicted the subprime crisis but were largely ignored We need varied relevant perspectives & discussions on Polkadot's economic and "monetary" policy
Breaking: 6 ministers suffering debilitating anxiety put on medication during Morrison government chaser.com.au/national/break…
It was always intended as a plug for the book. Narcissists can’t change.
Thanks for all the positive feedback. The book, Plans for Your Good, comes out on May 1 and you can get your copy at plansforyourgood.com
@phildobbie @ProfSteveKeen Hello from America. I think this might be good fodder for your show: salon.com/2024/04/06/the…
@ProfSteveKeen @Microsoft Then there is the docxpresso plugin wordpress.com/plugins/docxpr…
@ProfSteveKeen @Microsoft Here is your answer.
@GeorgeSelgin @JamesMFrench @ProfSteveKeen @SKandFriends I'm not sure that full employment is a thing that has ever actually occurred if it comes with all the assumptions you are suggesting it does.
@ProfSteveKeen @Microsoft Better ask copilot. The machines are in charge now at Microsoft :D
To any thinking person it must be obvious that private debt is of paramount importance. Is the failure of most economists to see this driven by ideology blindness of the "four legs good, two legs bad variety" as in: Private sector good, public sector bad?
@DLeaky6969420 @AB_NotACat @ProfSteveKeen @CoxyJindas @MMTmacrotrader Jan 8th 1835, the one and only time the debt was paid off. moneyweek.com/371335/8-janua…
The most important criterion for success is to focus on your goal ...
If the media covered climate change the way it covers Trump, and Trump the way it covers climate change, we'd have neither.
And MMT contribution is the reality of the government spending in contrast to your groundless understanding Ps. Show us the accounting and legal evidence behind your three-source view
Every elementary textbook recognizes taxation, borrowing, and inflationary monetary expansion as the three means for financing government at full employment. That M-financed G is not inflationary at less than full employment is also old hat.
@CoxyJindas @TxEx @Economics21st @MMTmacrotrader @ProfSteveKeen In a fiat system the IOUs are the money. The IOU known as the dollar is essentially a zero-interest, perpetual bond, usable to pay debts owed to the government. Or they can be used to buy interest-bearing, dated IOUs, aka Treasury bonds.
@BrendanNatoli @MMTmacrotrader @ProfSteveKeen Services and infrastructure that's essential to generate economic activity that creates the goods and services we sell to boost revenues... cutting spending on that cuts revenues, so it's self defeating.
@Dr_Keefer "only “worked” 15-20 hours a week to acquire their food" That might be true. The rest of the week was spent finding stone to knap, knapping stone (or polishing stone axes/hammers like the guy in the drawing carries), raiding, and fighting the neighbours (10% of the deaths in…
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