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Finance Sector as a Good Servant but Lousy Master of Capitalism

ProfSteveKeen  ( Original )
OCT 25, 2016

Professor Steve Keen was interviewed by the Raoul Pal Real Vision online investor TV program recently.

This five minute excerpts covers some of the main points, including the cause of the 2008 crisis, and why mainstream economists missed it; why the economy is moribund today; how a "modern debt jubilee" could reduce private debt and enable a recovery in credit-based demand to occur; and the need to reform the finance sector so that it is profitable for it to finance entrepreneurs rather than asset bubbles.