And you think I’m ornery (2)

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I’ve just been sent this link to a hilar­i­ous face-off between Max Keis­er and an Eco­nom­ics Pro­fes­sor. Max calls the Wall Street spec­u­la­tors “finan­cial ter­ror­ists”, calls for decap­i­ta­tion as in days of olde…

The most fun I got out of this was watch­ing the Pro­fes­sor’s dis­com­fort, and his attempts to under­stand the cri­sis in terms of neo­clas­si­cal eco­nom­ic the­o­ry: mar­kets  are ratio­nal  and mere­ly respond to pol­i­cy, bonus­es are fine, the cri­sis is all due to bad mon­e­tary pol­i­cy…

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About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.