Written by John Lounsbury
Bloomberg editors Tracy Alloway and Joe Weisenthal released a podcast conversation with Steve Keen earlier today (08 July 2021). The topic was what happened during the COVID economic crisis and what lessons might be learned and need to be learned (but may not be).
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Bottom line in this discussion: Many economists have no understanding of money.
If this doesn’t make sense on first listen, listen again.
If there is still a problem you need to use the pause function and take notes.
You should end up with an understanding of money, credit, and debt. If not, you can still converse with many “mainstream economists”. (Pardon the sarcasm.)
Alert: Don’t stop listening prematurely – there are breaks in the conversation approximately every 15 minutes. The podcast lasts for one hour with Steve Keen and covers many topics including the burden of private debt, debt Jubilees, the euro, economics of climate change, the rise of financialism, the role of energy in economics, the fallacy of efficiency, physics and biology factors in economics, ecology and economics, command economy, and the fiction of the Nobel Prize in economics, among other things. Don’t miss the followup discussion between Tracy and Joe after the one hour mark, lasting for 7 minutes.
You will find it hard to locate an discussion more wide-ranging than this hour.
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