Steve Keen

Private debt is out of control.

And the volatility of private debt, that's what caused the 2007-8 crisis, the global financial crisis.

That's what caused the Great Depression.

And these idiots...

And I'm afraid I'm getting the older I get, the less patience I have with people who can't take the blinkers off their eyes for neoclassical theory.

But these educated idiots just don't even look at the data because it's not in their mindset to believe that credit can have any impact on the economy.

Take a listen to what Steve's got to say here.

I wanted to come back to something you actually said earlier.

You talked about Bitcoin briefly.

I've heard you say that you think Bitcoin's going to zero.

Yeah.

Okay, this is worrying.

I think I have some Bitcoin.

What?

You're an economist.

You're saying that Bitcoin is going to zero.