Steve Keen is an economics professor at the University of Western Sydney. He spends his days railing against the “mainstream” economic models, which he thinks do not pay enough attention to money.
So…Â Crackpot, or visionary?
“The Roving Cavaliers of Credit”
This is a long piece and quoting would not do it justice. He opens with a startlingly prescient quote from Marx (Karl, not Groucho) and proceeds to explain the conventional model of money creation and why he thinks it is wrong. He has the most clear and compelling writing style I have ever seen, for a crank…
There is a lot of food for thought here. And he just might be right. Highly recommended.
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