Professor Steve Keen: Banks Create Money Out Of Nothing And Here Is The Proof

About this episode

In this episode, Farzin Irani sits down with Professor Steve Keen — one of the world's most unconventional and outspoken economists, widely known for predicting the 2008 Global Financial Crisis using private debt models that mainstream economics ignored entirely.Steve doesn't pull punches. He argues that the Strait of Hormuz closure is not just an oil story but a food and fertilizer crisis that could affect the entire planet. That banks create money out of nothing and mainstream economists don't understand this. That the AI boom is a classic Schumpeterian bubble with a financial crisis on the other side. That Western housing markets have run out of buyers. And that economics itself has…