“The real problem isn't deficits, It's Neoliberalism“ Top Economist warns
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16-11-2025
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Economist Steve Keen explains how decades of neoliberal U.S. policies have turned government deficits into a dangerous economic cycle.
Learn 50+ Years of Economics in Only 7 Weeks, by applying here: https://www.stevekeen.com This video is an extended version of previous video - "Deficits aren't the danger to the US, THIS is..." Top Economist warns (Plus get Ravel — the economic visualization software used in this video — as a bonus if you’re accepted and join.) Using clear double-entry accounting and Ravel visualizations, Steve reveals how the obsession with balanced budgets and market deregulation has weakened the real economy, inflated private debt, and set the stage for financial collapse. He breaks down how bank lending still creates most of the money in circulation, why government deficits actually build deposits and reserves, and how open-market operations merely reshuffle assets instead of generating real wealth. Finally, Steve proposes a Modern Debt Jubilee — a practical path to reset the system, reduce unpayable private debts, and restore long-term financial stability without falling into the illusion of “printing money.”
