#346 - Professor Steve Keen: What Really Causes Inflation, Hard Money and Bitcoin's Big Flaw

Chatter

Professor Steve Keen is an Australian economist renowned for his critical stance on mainstream economic theories, particularly neoclassical economics. He holds degrees from the University of Sydney and a Ph.D. from the University of New South Wales. Keen has become a prominent figure for his analyses of financial instability and economic crises, advocating for the inclusion of complex systems theory and Hyman Minsky's financial instability hypothesis in economic models. His book "Debunking Economics: The Naked Emperor Dethroned?" challenges the foundations of traditional economic thought. Additionally, he developed the "Minsky" software tool to model economic systems incorporating banking and debt, reflecting Minsky's theories. Keen is also noted for predicting the 2008 global financial crisis based on his analysis of rising private debt levels.

Keen has held academic positions, including as an associate professor at the University of Western Sydney, and is currently a Distinguished Research Fellow at University College London (UCL). He actively engages in public debates on economics, contributing to media outlets, blogs, and social media, gaining a significant following for his critiques of economic policies and clear explanations of complex concepts. He has received awards such as the Revere Award from the Real-World Economics Review for his contributions to economic education. Despite his influence, Keen has expressed skepticism about Bitcoin and other cryptocurrencies, highlighting what he perceives as fundamental flaws in their design and economic viability.

https://x.com/ProfSteveKeen

https://profstevekeen.substack.com/

https://www.stevekeenfree.com/free-book

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