50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com(Plus get Ravel — the economic visualization software used in this video — as a bonus if you’re accepted and join.)Why is the retirement crisis forcing millions to work past 65? It isn't a failure of personal savings, it is a direct result of neoliberalism. In this video, Steve Keen uses historical analysis, accounting consistency, and system-dynamics models to explain how modern finance drifted away from reality and toward abstract mathematical elegance.By excluding banks, money creation, and private debt from dominant models, mainstream economists have repeatedly failed to anticipate systemic breakdowns like the 2008 financial crisis. Keen challenges the dangerous belief that markets automatically self-correct a view that has shaped disastrous policy on investing, US trade, and deregulation.In this video, we cover:✅ The Real Cause:How ignoring debt dynamics led to misdiagnosing recessions and underestimating the fragility of the US economy.✅ Historical Parallels:Lessons from the Great Depression and how they apply to the fears of a 2025 financial crisis.✅ Future Risks:Why conventional economics struggles to explain rising inequality and the warning signs of a US economy crash or 2025 Depression.✅ Global Impact:How the US trade deficit and current trade war debates under leaders like Donald Trump fit into the broader world economy crash narrative.If we want to fix the retirement crisis and prevent another economic crash 2026, we must restore financial realism to economics.-----What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.Subscribe for reality-based economicsLike if this clarified how deficits, reserves, and QE actually workShare to help others move beyond textbook myths-----Who is Dr. Steve Keen?Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Curious Minds, Engineers, and Finance Professionals will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields.Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com(Plus get Ravel — the software used in this video — as a bonus if you’re accepted and join.)#worldeconomy #retirement #neoliberalism #debtdynamics #economicsexplained #systemdynamics #economics #money #Macroeconomics #usgovernment

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related