Steve Keen is one of very few economists globally who perfectly predicted the 2008 financial crisis. More recently he also predicted the Chinese economic downturn and deflation in Europe.
“It’s one reason why I wrote Debunking Economics because economists will hit you with a whole lot of technical language and make you think you’re stupid but when you raise a legitimate issue like ‘shouldn’t we include the banking sector in economics’…well my role is to say don’t be snowed by these guys.”
How does he keep getting these predictions correct? The secret is to look at the elements of the economy that all mainstream economists deliberately ignore.
In this episode of Meet the Renegades Steve shares his secret and reveals how economics is a bankrupt profession.
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