Joining us in the booth this week is Professor Steve Keen who accurately predicted the 2007-2008 global financial crisis and is a distinguished research fellow at UCL, the author of 3 books: the new economics: a manifesto, can we avoid another financial crisis and debunking economics and has about 80 refereed papers on topics including flaws in the economic analysis of climate change, the causes of financial instability and much more!

In this episode we discuss:

- What is a global financial crisis?

- What will cause the next global financial crisis

- The impact this crisis will have on us and the global economy

- The potential timelines for when this crisis could occur

- Can the next global financial crisis be prevented?

- The future of the UK economy

- Whether the UK state pension is sustainable and much more

🔗 Connect with Professor Steve Keen:

Youtube - https://www.youtube.com/@ProfSteveKeen

Patreon - https://www.patreon.com/ProfSteveKeen

Substack - https://profstevekeen.substack.com

📚Grab a copy of Professor Steve's book:

Can We Avoid Another Financial Crisis: https://amzn.to/3YLKrAB

The New Economics: A Manifesto: https://amzn.to/4eb10dT

Debunking Economics: The Naked Emperor Dethroned?: https://amzn.to/3YS21mw

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TIMESTAMPS

00:00 - Preview

00:51 - Intro

01:27 - Meet Professor Steve Keen

06:52 - Growing up in Sydney, Australia

12:45 - How I became an economist!

16:39 - How I predicted the 2007-2008 financial crisis

21:49 - What is private debt?

28:19 - What is a global financial crisis?

32:23 - Will we have another global financial crisis?

39:37 - Why credit is needed for the economy

45:26 - This will cause the next global financial crisis!

50:06 - Potential impacts of the next global financial crisis!

55:25 - When could the next global financial crisis happen? 

01:02:12 - Where in the world will be impacted by the climate crisis 

01:11:26 - What can we do to prevent the climate crisis and next global financial crisis?

01:15:51 - Economist thoughts on the new UK government

01:24:26 - Economists view on the future of the UK

01:26:18 - What really causes inflation 

01:28:40 - Will inflation or interest rate increase in the future?

01:30:14 - The government should take care of pensioners 

01:36:54 - Is the state pension sustainable 

01:40:39 - Final words

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