Prof Steve Keen on UK economy and 'People's QE' (27Jan16)
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Professor Steve Keen, self proclaimed "rebel economist" talks about the UK economy, and a proposal for a "People's Quantitative Easing" - more Keynesian economics nonsense. Recorded from BBC News Channel HD, BBC Business Live, 27 January 2016.
Comments
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The prof is ace
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He needs to be taken into account all over the Western World. This man needs to take part in public policy.
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this blonde hag is literally nuts...wonder what dose SSRI she is on, the autistic fuck
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There are countries with huge pensionfunds. These institutions can be very procyclical. They give when the economy is doing well and they need more when the economy is doing badly. Exactly the wrong kind of QE.
Mister Keen is from a continent with one currency. I have not heard an argument, why our own continent needs forty different currencies again. -
97% of the UK money supply is created by private banks when they make loans. Bank of England published about it in 2014. Therefore debt = money. If the Bank of England created 'People's QE' it would be debt free and NOT have to be repaid to private banks with interest. Anyone mentioning scare stories about rampant inflation don't understand the system.
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shove quantative easing up the crack of your arse, shove money on the fire, forget all these cabbages wanting you to slave to it.
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if you print money you go to prison you dick head its state sponsored theft to liqudate debt and savings
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Dangerous economic terrorism. You can always buy votes by promising 'free stuff', but this would completely undermine the currency and lead to inflation. Why not just print money to pay of the national debt? Why not just billions and increase public sector pay by 500%? Moronic idea.
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Oh what has this Ozzie got to say again now? The bleeding obvious again? Kangaroo shit!
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everybody knows that European Union is coming to an end the eu has caused Britain's decline
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So he wants to pay off the debtors of poor people and simultaneously give rich people a cash injection?
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it's obvious osborne doesn't know what he's doing , the man has no qualifications in economics , he did a history degree. This is the man people eleected to manage the UK economy
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Mmmmmm very interesting watch.
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The government could make a "direct injection into bank accounts" by reducing taxation and spending, allowing us to choose what to spend it on
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Until people realise that Nazis control the banking system, we will never break free of it.
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Encouraging more debt that we will never pay back. Can't wait for the middle-class killing inflation in future decades to attempt to pay for ideas like this.
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Feels like some group is trying to buy us. Does Keen not know that countries are corporations? With governments just the public relations depts? Blames it on private debt? He's too bank friendly these days.
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Keynesians are not rebels.
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I don't suppose he is on a banker's Christmas card list....
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Fuck these presenters. Trying to set this guy up as some fake superhero
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