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'Ask Steve' 1-1 Hotseat 1 of 2 is happening in 15 minutes
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FREE DOWNLOADS: $100 'Rebel Economist' 3-Book Bundle
👉 Tap this post to get started. // Hey guys, it's Jordan - Dr. Steve Keen's business partner since 2022, going on year 4 now. Whew. I've mainly been helping Steve manage his paid Challenge group and have accidentally neglected this Free Group. I'll take full responsibility for that. Let me make up for my mistakes now. For some reason the free book bundle was linking somewhere else, when it should've just shown the download files. As promised, below are the 3 books that were promised - usually $104.97 USD, but 100% FREE for you guys here. Below are the details copied from Steve's email: 1. Funny Money ($34.99) – A humorous, visual reality check on the world of money (made with talented cartoonist, Miguel Guerra). 2. New Economics Sampler ($34.99) – Groundbreaking realities that demolish outdated assumptions. 3. Macroeconomics for Engineers ($34.99) – The newest one. Often referred as the "Elon Is Wrong" Amazon category-bestseller. A deep dive into market dynamics from an engineer’s perspective. Thank you for your patience & trusting Steve in fighting the mainstream delusions today. I really hope you enjoy these books as much as everyone else has. P.S. I'm curious, which book are you going to read first?My fav is the cartoons from Funny Money but others really love the Elon one
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FREE DOWNLOADS: $100 'Rebel Economist' 3-Book Bundle
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Welcome! Access the Rebel Economist FREE Course + Funny Money book for free by tapping HERE. Also feel free to introduce yourself below. P.S. My name's Jordan and I've been Dr. Steve Keen's business partner for the last 2 years. Please reach out to Adam Maio, our Community Director for any assistance. We're happy to help.
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Request for testimonials
Hi everyone, Firstly, my thanks to you for signing up to this lecture series--and, I have to say, given the quality of discussions you're having, this community as well. I would now like your help in expanding this community. Please let me know if you'd be willing to do a testimonial about this course, either in video format (preferred) or text. You signed up in the early days, as you know, and frankly I wasn't sure myself how well this would work out. But I am now proud of the lectures I've put together, and I'm quite happy to tell people that this is both value for money and a worthy cause. But of course, that will be much more effective if it comes from you rather than me. So, if you're willing to help out here, can you say so in the replies here? Please also let me know what you prefer--video (which is preferred) or quick text (which you could write the latter in the reply if you feel inclined). I'll then pass these details on to Jordan, who will get in touch to arrange the videos. I expect that all it will take is say 30 seconds of you talking to your webcam--and spontaneously and live, rather than to a script. You'll need to say your name--which can be the whole kaboodle or just your first name, if you'd prefer to be somewhat anonymous. And then add what you think of the course, and your recommendation to people who are considering signing up. Cheers all, Steve PS I'm writing the slides I'll give at that commercial property talk in Barcelona on Tuesday week right now, after which I'll get back to writing the Ravel lecture. That will leave just the "critique of Neoclassical micro" lecture to finish and the first full set of lectures will be complete (well, except for the "flowchart side of Minsky" lecture which I noted that I'll give in every 2nd set of lectures, in place of the Godley Table lecture I gave in the current set of ten).
New video just went live! 🤩
Keir Starmer just became the sixth UK prime minister to resign without finishing his term. Every headline asks what he did wrong. Steve says that is the wrong question. Think about it: six prime ministers, left and right, all promised to fix the economy and all failed the same way. When that many people fail at the same task, the problem is not the people. It is something underneath them, and it is private debt. 😬 Everyone watches government debt. But private debt, what households and businesses owe, is what actually drives crises. In Britain it sat under 60% of GDP for a century, then trebled to 180%, pouring into housing and shares while wages stalled. That squeeze is what keeps breaking prime ministers. This video is worth your 20 minutes 👉 https://www.youtube.com/watch?v=TzvAtOOfhuo&views
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Errors In The MMT UCL Self Financing State Article
Friends, I read the UCL Self Financing State Article, which MMT points to as ‘proof’ the Bank of England creates new money for the Government to both spend and deficit spend. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4890683 The research on the U.K. Government accounts is fantastic! However, their conclusions do not seem to match their research, it is like they wrote the conclusions before they wrote the paper! Chris Rimmer asked me to write out the mistakes I am seeing in their conclusions, so here it is. Please review, and let me know if you see any mistakes; if so, what do you think am I missing? Or do you agree they made mistakes? Please advise. Thx! 1. The U.K. Parliament Approved Deficit Spending Over The Last 4 Years. · 120B pounds 21/22 · 127B POUNDS 22/23 · 134B POUNDS 23/24 · 146B POUNDS 24/25 P24 : https://researchbriefings.files.parliament.uk/documents/CBP-9040/CBP-9040.pdf 2. The BoE Has Reduced The Supply Of Reserves Almost 30% The Last Four Years From Around 1T Pounds To Roughly 700T Pounds Today. https://www.bankofengland.co.uk/markets/bank-of-england-market-operations-guide/our-objectives Q: How could reserves go down if the Bank of England was issuing new reserves to pay for Government spending or Deficit Spending? 3. The Treasury Debt Management Office (DMO) Sells Gilts Before Funds Are Needed, So Treasury Always Has Excess Reserves On Deposit To Meet All Spending Obligations, And Does Not Need To Borrow From The Bank Of England. https://www.dmo.gov.uk/responsibilities/financing-remit/ 4. The U.K Government And HM Treasury Credit Line With The Bank Of England Shows The Government Has Not Borrowed From The Bank Of England In The Last 15 Years.
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