We will continue to grow our economy as long as we issue credit in sufficient amounts that we grow our energy. But at some point this decade, in my opinion, either the financial markets themselves will say, no mas, and we won't be able to grow credit. We're running out of a easily available energy. The cost of getting energy out of the ground is rising in energy terns. And because we're runing out of both, we cret ta crunch point where suddenly that ist is not available any more. That's number one. It will be what causes the next financial crisis. Ye, every time his negative credit, we have at down to nd so wit
On this episode, we meet with Economist, Author, and Research Fellow at the Institute for Strategy, Resilience, and Security at University College in London, Steve Keen.
Keen discusses how mainstream economics misses the centrality of energy to our economy and to our futures, the naive treatment to the risks of money and debt creation, and the disconnect economic theory has to climate change risks.
About Steve Keen:
Steve Keen is an economist, author of Debunking Economics and The New Economics: A Manifesto, a Research Fellow at the Institute for Strategy, Resilience, and Security at University College in London.
For Show Notes and Transcript visit: https://www.thegreatsimplification.com/episode/30-steve-keen