Sunday Papers: Mainstream economists live in a parallel universe

Economics and the schools that teach it have been wrong for such a long time that its students have collectively embraced a mythical model that does not account for the role of money, banks, debt or land.
Renegade economist and friend of the show, Professor Steve Keen recently took the stage at the Sunday Papers event in London to discuss what you’re not being told about the global economy.

Why Greece took the fall for a European banking crisis

The Greek bailouts were a banking crisis in disguise. In an excerpt of her upcoming book, editor-in-chief, Claire Connelly, explores how Greece took the fall for decades of irresponsible lending by French and German banks. If Greece continues to participate in the European Union, democracy is doomed.

BitCoin will not be our saviour

JP Morgan Chase chief executive, Jamie Dimon, ironically claims that crypto-currency, BitCoin, is a “fraud” that should only be invested in by criminals. Takes one to know one. The financial services giant has spent decades defrauding its customers, and it didn’t need a new currency to do it. Not that it has stopped them from trying to develop one anyway. Dimon is right, in a sense. BitCoin will not be our saviour. But not for the reasons he claims.

Britain’s Private Debt Problem

Contrary to political group think it was actually access private debt not public debt that brought the economy crashing down. But today private debt is again raging and nobody seems to want to address the issue. On the 10-year-anniversary of the Global Financial Crisis, anthropologist and author, David Graeber and former chairman of the now abolished Financial Services Authority, Lord Turner sits down with co-founder and presenter, Ross Ashcroft, to discuss what is preventing us from talking about the taboo that is Britain’s private debt problem.

Accounting error spells chaos for global economy

Sometimes it takes someone who’s not an expert to see what’s right in front of them. Anthropologist and author, David Graeber, writes exclusively for Renegade Inc about his discovery of a glaring error in household debt calculations which have potentially frightening implications for the stability of the entire economic system.