Macro Voices, Released on 11/25/19
- Steve’s 2016 prediction that the Fed would eventually be forced to return to QE and why current events prove it true
- Costs and benefits of QE in the real world
- Private debt and the inflated corporate bond market as a result of QE translates to higher risk for the next financial crisis
Steve Keen is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. Keen was formerly an associate professor of economics at University of Western Sydney, until he applied for voluntary redundancy in 2013, due to the closure of the economics program at the university. In autumn 2014 he became a professor and Head of the School of Economics, History and Politics at Kingston University in London. He is also a fellow at the Centre for Policy Development. He is the author of Can We Avoid Another Financial Crisis? (The Future of Capitalism).