• How the Fed Fails at Inflation

  • Oct 11 2024
  • Length: 22 mins
  • Podcast

How the Fed Fails at Inflation

  • Summary

  • "Money doesn't cause inflation; people cause inflation."

    Join renowned economist Steve Keen as he dismantles the conventional wisdom surrounding inflation in this eye-opening discussion. Delving into the complexities of economic theory, Keen challenges the mainstream narrative that blames government spending for rising prices. Instead, he highlights the crucial roles of corporate markups, labor costs, and productivity in shaping inflationary trends. With a historical perspective and a focus on recent events, Keen provides a fresh understanding of the factors driving inflation, urging us to rethink our approach to economic policy and the Federal Reserve's strategies. Don't miss this enlightening conversation that could change how you view the economy!


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    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. Engineers, finance professionals, and IT experts 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.

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