Top Economist: The Unthinkable Is About to Happen to the U.S. Economy

About this episode

Steve Keen discusses the impending economic instability in the U.S. and its connections to military conflicts and food supply issues.

📚 Learn 50+ years of Real Economics in only 7 weeks. Apply here: https://www.stevekeen.com/worstthan2008 (Apply this week and get my 3-Book Rebel Economist Bundle as a Free Bonus. Plus if you're fully approved by my team, get Ravel© - my proprietary economic visualization software I use in my YouTube videos; to predict the economy, like I did years before the 2008 Financial Crash happened). In this video, world-renowned economist Steve Keen, who famously predicted the 2008 financial crisis, explains his financial instability hypothesis. He discusses how self-fulfilling expectations and "Ponzi" financiers contribute to economic booms and busts, drawing parallels and contrasts with the debt reduction trends seen after the Great Depression. This analysis offers crucial insights into economic concepts and financial history, providing a unique perspective on economic growth. The presentation also contrasts debt reduction trends after the great depression with the period following the 2007-2009 GFC, providing valuable financial history and insights into economic growth and economic crisis. Are oil prices really about to crash overnight? Could the Iran War trigger a global food crisis…

People in this episode

Host: Steve Keen

Topics covered

• economic instability
• financial crisis
• debt reduction
• economic history
• food prices
• military escalation

Keywords

• economic prediction
• financial instability hypothesis
• Ponzi financiers
• oil prices
• global food crisis

Mentioned in this episode

Organizations: Ravel©

Places: U.S., Iran, Israel

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