Creation of Money - Dr. Steve Keen, Economist

Steve Keen is an economist, critic, and author who believes our
current economic theories fail to properly deal with private
debt, the role of banks in money creation, and more generally
fail to take into account real-world contradictions to
theoretical predictions at the margins. We talk about the
creation of money, deflationary crises, speculation vs
innovation, how to distribute public vs private spheres, and his
vision for the future of economics. 


Support the scientific revolution by joining our Patreon:
https://bit.ly/3lcAasB


Support the podcast and Dr. Keen by buying one of his books on
Amazon: https://amzn.to/3YZb2HJ


Let us know what you think in the comments or on our Discord:
https://discord.gg/MJzKT8CQub


(00:00:00) Go!


(00:03:17) What is the goal of economics?


(00:11:48) Punctuated Equilibrium & System Dynamics


(00:18:20) Economics 2.0


(00:23:27) The Creation of Money


(00:35:21) Godley and Minsky


(00:44:54) Why is double entry bookeeping bad?


(00:50:09) Alternative paths to money creation CLIP IN


(00:56:09) Deflationary Crises


(01:10:35) Building an Audience


(01:13:49) Public Vs Private


(01:24:58) Speculation vs Innovation


(01:27:11) What would you do to fix it?


(01:30:22) Closing thoughts





#economics        #bank
       #financial
                       





Check our short-films channel, @DemystifySci:
 https://www.youtube.com/c/DemystifyingScience 





AND our material science investigations of atomics,
 @MaterialAtomics
  https://www.youtube.com/@MaterialAtomics





Join our mailing list https://bit.ly/3v3kz2S 


  


PODCAST INFO:  Anastasia completed her PhD studying
bioelectricity at Columbia University. When not talking to
brilliant people or making movies, she spends her time painting,
reading, and guiding backcountry excursions. Michael Shilo also
did his PhD at Columbia studying the elastic properties of
molecular water. When he's not in the film studio, he's exploring
sound in music. They are both freelance professors at various
universities. 





- Blog: http://DemystifySci.com/blog  


- RSS: https://anchor.fm/s/2be66934/podcast/rss


- Donate: https://bit.ly/3wkPqaD


- Swag: https://bit.ly/2PXdC2y  





SOCIAL:  


- Discord: https://discord.gg/MJzKT8CQub


- Facebook: https://www.facebook.com/groups/DemystifySci


- Instagram: https://www.instagram.com/DemystifySci/


- Twitter: https://twitter.com/DemystifySci





MUSIC: 





-Shilo Delay: https://g.co/kgs/oty671