Dodging the Debt Disaster with Prof. Steve Keen | Nucleus Investment Insights
Prof. Keen has declared "we need a new economics", and is an expert at understanding global debt, which is exactly why we brought him onto the podcast today to discuss exactly that.
Topics this week include credit creation and its limits, central banks reaching the end of the road for interest rate cuts with debt being at near-record highs, the drivers of weak demand and inflation globally, Modern Monetary Theory (MTT) and its differences with Keynesian Stimulus, which countries are closest to incorporating MMT, Steve’s ideas for central banks depositing directly into citizens bank accounts and “Universal Basic Carbon”
If this episode sounds of interest to you, take a look at the episode below or in podcast form here (links are featured at the bottom right of the player if you wish to listen on your preferred platform)
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Damien runs asset allocation and global stock portfolios for Nucleus Super, Nucleus Ethical and Nucleus Wealth. His 25 year+ career includes Global Quant at Schroders, Strategy at Wilson HTM & co-founder of Aegis.