
#303 – Steve Keen: Marxism, Capitalism, and Economics
Lex Fridman Podcast
00:00
Inflation, Debt, and Economic Stability
This chapter explores the complex role of inflation in the economy, examining its functions as both a store of value and a means of exchange. It highlights historical lessons from the Worgl experiment and discusses the dangers of excessive private debt and irresponsible monetary policies. The conversation advocates for policy changes to stabilize financial systems and mitigate the risks associated with economic downturns.
Transcript
Play full episode