Steve Keen & Friends Podcast
Will he be persuaded by the One Lesson?
Exciting news: I’ve been invited to appear on the Steve Keen & Friends podcast this Saturday! (16:00 GMT)
Steve is an Australian economist, and a prominent critic of mainstream “neoclassical” economics. He belongs to the “post-Keynesian” school of economics, which, like the One Lesson uses ideas from accounting. But he’s sceptical of the idea that you can understand economics from the bottom up, which is what the One Lesson is all about. He also doesn’t hold back from criticising ideas he disagrees with, but he deserves a lot of respect for listening to people who have different views from his own.
Find out whether I can persuade him here!
Great thankyou for the responses
Do you think in aggregate all banks purchase enough assets or services etc… to provide enough deposits to pay all of the interest on all of the loans made ? Mortgages, personal loans, credit cards, corporate loans etc? It seems unlikely to me but I don’t know for sure. If they don’t what implications do you think this has ?