About this episode

Top economist Steve Keen discusses the misconceptions surrounding national debt and the real threats posed by private debt.

👉 Learn 50+ years of economics in only 7 weeks: https://www.skool.com/stevekeen 📚 Download my 3-Book Rebel Economist Bundle (Free this week here): https://www.stevekeen.com --------------- 👉 Learn 50+ years of economics in only 7 weeks: https://www.skool.com/stevekeen Download my 3-Book Rebel Economist Bundle (Free this week here): https://www.stevekeen.com What if everything you've been told about the national debt is wrong? A top economist sits down with a Government Accountability Office report warning Congress of an imminent debt crisis and systematically dismantles it. Using double-entry bookkeeping and live simulations, he reveals that government deficits don't "crowd out" the private sector they create money. The real threat isn't the $39.4 trillion national debt. It's the private debt sitting on household balance sheets, crushing the velocity of money and dragging GDP down with it. This is the argument the mainstream doesn't want you to hear. ✅ How government deficits actually create money not destroy it ✅ Why the GAO and CBO are using a 19th-century model of banking ✅ The double-entry bookkeeping truth banks don't advertise ✅ Why reducing private debt is more urgent…

People in this episode

Host: Steve Keen

Topics covered

• national debt
• government deficits
• private debt
• economic crisis
• money creation
• velocity of money

Keywords

• debt crisis
• government deficits
• private debt
• velocity of money
• economic simulation

Sponsors

Steve Keen

Mentioned in this episode

Organizations: Government Accountability Office, CBO

Products: 3-Book Rebel Economist Bundle

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