Debt Deflation Dangers
Steve discusses the perils of debt deflation, emphasizing that it poses a greater threat to capitalism than inflation. He highlights how excessive private debt can lead to economic instability, drawing parallels with historical events like the Great Depression and the 2007 financial crisis. By advocating for a balanced approach to private debt, he suggests that targeting debt levels could prevent future financial breakdowns and promote stability.In this clip
From this podcast
Lex Fridman Podcast
Steve Keen: Marxism, Capitalism, and Economics | Lex Fridman Podcast #303
Related Questions