Rebel Economics with Dr. Steve Keen

Learn 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.)

Using historical analysis, accounting consistency, and system-dynamics models, Steve Keen explains how modern finance and economic theory drifted away from real-world institutions toward abstract mathematical elegance. By excluding banks, US debt, money creation, and private credit from dominant models, mainstream economists repeatedly failed to anticipate major stock market news events, financial instability, and systemic breakdowns.

Keen challenges the belief that markets automatically self-correct, a view that has shaped policy decisions around investing, US trade, and deregulation for decades. From the 1929 financial crisis and the Great Depression to the 2008 financial crisis, he shows how ignoring debt dynamics led to misdiagnosing recessions, underestimating trade deficits, and misunderstanding the fragility of the US economy.

As debates around trade war, US trade war, and US trade deficit resurface—particularly under leaders like Donald Trump—Keen’s work highlights why conventional economics struggles to explain rising inequality, asset bubbles, and recurring crashes. These failures raise serious concerns about US economy 2025 prediction narratives, fears of a US economy crash, and the risk of a 2025 financial crisis or even a 2025 Depression.

Drawing lessons from the 1929 depression, the 2008 depression, and ongoing US economy updates, Keen argues that rebuilding economics requires restoring financial realism, history, and debt dynamics to the center of analysis. Without this shift, policymakers risk repeating the same mistakes fueling a potential US economy crisis and a broader world economy crash, echoing past episodes of economy crisis worldwide.

In this breakdown, you’ll discover:
✅ Government Spending & Taxes: How deposits rise and taxes fall—what actually impacts Americans’ wallets.
✅ Bank Reserves 101: What banks can—and can’t—do with reserves, and why it doesn’t relieve high-cost debt.
✅ Deficit Mechanics: Why deficits create money and reserves, and why surpluses can worsen economic stress.
✅ Eight Key Entries: How government money creation works behind the scenes beyond basic double-entry.
✅ Borrowing from the Private Sector: The accounting myth that misleads policymakers and the public.
✅ OMOs & QE Explained: When these tools create real money—and when they fail to.
✅ Money Data Since 2000: Most new money has been private credit, fueling debt pressures.
✅ Government Negative Financial Equity: Why it’s necessary, but why Americans still feel the squeeze from high-cost debt.

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What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.

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Like if this clarified how deficits, reserves, and QE actually work
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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.

Curious Minds, Engineers, and Finance Professionals will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which...

Learn 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.)

The world is distracted by the AI boom, but a far more dangerous sovereign debt crisis is brewing, Why governments are 'addicted' to debt. Threatening an impending financial collapse and a bond market crash that most are failing to see. Renowned economist Professor Steve Keen delivers a chilling warning: decades of unchecked debt, reckless fiscal policies, and Wall Street's influence have left the U.S. dollar and global financial system terrifyingly vulnerable.
Inside this critical analysis, discover: The Debt Paradox
How the looming $10 trillion debt wall connects to the US debt crisis.
Why foreign investors withdrawing from U.S. Treasury bonds signals an escalating inflation crisis and credit crunch.
Why the AI boom won't save us from a fundamentally broken credit system.
The true state of our financial future and what it means for ordinary Americans facing a collapsing financial safety net. When Does US Debt Become Genuinely Bad?

Professor Keen dissects why our current economic model is ill-equipped for the coming shock. This isn't just a forecast; it's a desperate call to understand the reality. Don't miss this crucial economic warning!

Topics covered in this video:
✅ De-Dollarization Threat: Why the global shift away from the U.S. dollar is gaining momentum
✅ Dollar Collapse Risk: How Trump’s policies reshaped debt markets and eroded dollar dominance
✅ Bond Market Warnings: Why selling U.S. debt is becoming harder and the risks this poses to the economy
✅ Inflation & Credit Crunch: How rising inflation and a tighter credit cycle threaten households and retirees
✅ AI Hype vs. Reality: Why artificial intelligence cannot prevent structural financial failure
✅ Economic Reckoning: The potential consequences for the U.S. economy, ordinary Americans, and global markets

If you want to understand the forces threatening the U.S. dollar, sovereign debt stability,
How America's Debt Spiral Could Spark The Next Crisis? and the future of the global economy,
How Bond Investing Can Still (Sometimes) Fail?
this video is a must-watch.

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.)

#FinancialCollapse #BondMarketCrash #stevekeen #SovereignDebtCrisis #DollarCollapse #SteveKeen #EconomicCrisis #InflationCrisis #USTreasury #CreditCrunch #GlobalEconomy

Learn 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.)

In Lecture 0 of the Rebel Economist Challenge, Professor Steve Keen dismantles some of the most persistent myths shaping today’s economic policy. He reveals how high-cost private debt is crushing American households and why current U.S. policies are quietly steering the economy toward another systemic crisis.

Using clear double-entry accounting and Ravel visualizations, Keen explains how private bank lending, not government spending, creates the majority of money in circulation, why government deficits actually expand deposits and bank reserves, and how open-market operations merely reshuffle financial assets without generating real wealth.

Challenging the austerity narrative, Keen argues that the real solution is not spending cuts or higher interest rates, but a Modern Debt Jubilee, a bold reset that cancels unpayable debts, repairs balance sheets, and restores sustainable economic growth without relying on the illusion of “money printing.”

This lecture sets the foundation for the Rebel Economist Challenge, equipping you with the tools to see how the monetary system truly works—and why changing it is no longer optional.

In this breakdown, you’ll discover:
✅ Government Spending & Taxes: How deposits rise and taxes fall—what actually impacts Americans’ wallets.
✅ Bank Reserves 101: What banks can—and can’t—do with reserves, and why it doesn’t relieve high-cost debt.
✅ Deficit Mechanics: Why deficits create money and reserves, and why surpluses can worsen economic stress.
✅ Eight Key Entries: How government money creation works behind the scenes beyond basic double-entry.
✅ Borrowing from the Private Sector: The accounting myth that misleads policymakers and the public.
✅ OMOs & QE Explained: When these tools create real money—and when they fail to.
✅ Money Data Since 2000: Most new money has been private credit, fueling debt pressures.
✅ Government Negative Financial Equity: Why it’s necessary, but why Americans still feel the squeeze from high-cost debt.

• The government deficit isn’t a flaw in the system it is the mechanism that creates net financial assets for the private sector.

• Bank reserves are balances held between commercial banks and the central bank. They enable payments and bond settlement; they are not money you spend in the real economy.

• Open-market operations don’t automatically create new wealth. When the central bank buys assets from banks, it simply swaps one asset for another; purchases from non-banks are the cases that expand money holdings.

• Loanable-funds theory fails at the starting line. By ignoring endogenous money creation, it artificially inflates government debt and misrepresents how the financial system actually works.

• When accounting is done correctly, government negative financial equity is the mirror image of private-sector positive equity, they are two sides of the same balance sheet.

-----

What did you think of the eight-entry walkthrough and the OMO/QE distinctions? Share your thoughts below.

Subscribe for reality-based economics
Like if this clarified how deficits, reserves, and QE actually work
Share 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...

Learn 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.)

Is the U.S. dollar on the brink of collapse? Renowned economist Professor Steve Keen issues a dire warning about a coming financial storm that most economists are blind to. While the world focuses on the AI boom and tech sector promises, a far more dangerous sovereign debt crisis is brewing in global bond markets.

Decades of debt-fueled growth, reckless Trump-era fiscal policies, and Wall Street dominance have left the U.S. dollar and the global financial system dangerously vulnerable. As foreign investors pull back from U.S. Treasury bonds, inflation pressures rise, and credit cycles hit their limit, ordinary Americans face the reality of working past 65 and navigating a collapsing financial safety net.

In this critical analysis, Professor Keen explains why the current neoliberal economic model built on unsustainable debt, deregulation, and financial illusions cannot withstand the next shock. The AI boom, often hailed as a solution, is no safeguard; technology cannot fix a broken credit system.

Topics covered in this video:
✅ De-Dollarization Threat: Why the global shift away from the U.S. dollar is gaining momentum
✅ Dollar Collapse Risk: How Trump’s policies reshaped debt markets and eroded dollar dominance
✅ Bond Market Warnings: Why selling U.S. debt is becoming harder and the risks this poses to the economy
✅ Inflation & Credit Crunch: How rising inflation and a tighter credit cycle threaten households and retirees
✅ AI Hype vs. Reality: Why artificial intelligence cannot prevent structural financial failure
✅ Economic Reckoning: The potential consequences for the U.S. economy, ordinary Americans, and global markets

If you want to understand the forces threatening the U.S. dollar, sovereign debt stability, and the future of the global economy, this video is a must-watch.

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.)

#dollarcollapse #USecconomycollapse #SteveKeen #EconomicCollapse #BondMarket #USDebt #CreditCrunch #Neoliberalism #GlobalEconomy #aibubble

Learn 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.)

This Economic Bubble is About to Burst & Most Economists Are BLIND to It!

While the world is fixated on the artificial intelligence boom, a silent and far more dangerous crisis is brewing in the global bond markets. In this critical video, Professor Steve Keen, a top economist, issues a dire warning: the bursting of the ai bubble could directly trigger a devastating sovereign debt crisis.
Discover why the neoliberal economic model, built on unsustainable debt, deregulation, and pure financial illusion, is on the brink of collapse. As millions face the reality of working past and the U.S. struggles to sell its debt in 2026, the tech sector's promise of infinite productivity is colliding head-on with a harsh credit crunch.
Professor Keen masterfully dismantles the myth that markets, or even advanced AI, can simply "self-correct." He reveals how decades of ignored credit cycles and reckless Wall Street dominance have pushed our economic system to its absolute limit. With global buyers now pulling back from U.S. Treasury bonds, the consequences are rapidly hitting the real economy – and no algorithm will be able to print the productivity needed to pay the bill.
In this video, we cover:
✅ The ai illusion: Why technology cannot fix a broken credit system
✅ The 2026 crisis: Why the U.S. is struggling to sell its debt right now
✅ retirement reality: Why working past 65 is the new normal
✅ System Failure: How mainstream economics ignored the warning signs
✅ The Verdict: Will the ai crash finally break the US debt market?
Don't miss this essential analysis that reveals why economists are blind to the next financial crisis and how it will impact you.

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.)

#AIBubble #SovereignDebt #FinancialCrisis #SteveKeen #EconomicCollapse #BondMarket #USDebt #CreditCrunch #Neoliberalism #GlobalEconomy