2min chapter

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#303 – Steve Keen: Marxism, Capitalism, and Economics

Lex Fridman Podcast

CHAPTER

Is There a Crisis in the Biosphere?

Economics is about understanding the past or predicting the future, he says. "What we got out of the crisis was caused by a rising level of private debt" Credit goes from positive to negative and that causes a slump, Paul Krugman argues.

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