Steve Keen: Avoid the next financial crisis with People’s QE and a debt jubilee

Merryn Somerset Webb talks to economist and author Professor Steve Keen about Brexit, GDP and People’s QE, and how cancelling people’s debt could avert the next financial crisis.

[psusac]

Great discussion, I really enjoyed the dialogue format.

[DaveE]

I recomend the talk on “the history of debt, first 5000 years”. That was facinating.

[seeyouintheeighties]

great video - can you redo this interview.... ie. what both have discovered years later

[HowardARoark]

It seems a debt jubilee is more than "they" can stomach - so it will have to be a global financial meltdown - then "they" will see what red meat they can carve out from that - the inbred Hill-Billy cannibals that rule us, hidden in the hills. Steve Keen is really great - and the interviewer is really professional too - very enjoyable listen.

[richdeering]

Yes, a year of jubilee, cancelling debit, every seven years, and things will go well.

Brilliant. Keep up the good work.

*tldr*: It is a debt problem.

[arthurrobey]

What a gorgeous lady!. How fortunate Keen is to talk to her.

[domm]

Is it simply the case that we just accept that a big crash is coming and prepare accordingly, or do we just throw caution to the wind and spend / take on more debt because we're screwed anyway?

[davidouellette]

Im glad someone's finally stepping back and seeing this economic train rolling down the tracks and the maddness of it all but doe, s anyone ever think this was the plan all along to crush the working class .wake up peaple

[jetjum]

I am out of my league here, however, I am curious to know whether there has been a discourse by him on the utopia idea of global economy and non capitalist economies.

[MariaSpooon]

Credit cards are debt and debit cards are credit, Inversion and confusion.

[matthewbrooker]

Could the tariffs that the UK might incur from the EU be a useful way of kickstarting 'useful' levels of inflation and getting out of deflation?

[luutgarten]

Keen: these ideas are like mopping the floor with the tap wide open.
What should be done:
- Back to the gold standard
- No money creation
- No central banks
- No fractional banking
Unless we do new crises will rise and keep rising.
(Please read 'What has government done to our money?' by Murray Rothbard (free))

[joecurran]

Well it's been more than a few years and the break has not come 😃

[summertime]

Why would the Fed implement helicopter money when they would rather implement NIRP?

[hemiedwards]

Funny that Steve Keen handwaves away the impacts on trade of agricultural produce into the United Kingdom's biggest export market lol.

[davidaitchison]

Um .... actually Steve, you're wrong. Fascism isn't a right wing movement. Fascism is a form of socialism. Fascism is an authoritarian ideology combining collectivism, based around the nation state, with direct central government control of the business sector.

[kayedal-haddad]

Any another policies which would mitigate for Neo-Classical Economics?

[kamran]

Groucho Marx "quote" totally wrong. "Please accept my resignation. I don’t care to belong to any club that will have me as a member" is right and nothing to do with what Keen is talking about.

[tonycodolo]

Is it just me or is there something sensual about this Ms Merryn you are fit.