Steve Keen – Debt Jubilee With a Twist (Podcast)

Steve Keen – Debt Jubilee With a Twist Podcast – FSN

We connected with economist Steve Keen who unlike most practitioners of the dismal science actually proposes solutions that might even work. As almost anyone will tell you, the world economic system is a mess. There’s way too much debt and not enough equity. Steve proposes paying everyone in the US a fixed amount of money. For those in debt, it would have to be used to pay it down. Those few among us who are solvent would use it to buy shares in companies who would be required to pay down their debt. It might not be practical but there’s a certain sense to it. And in any event, it sure beats QE.

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Financial Sense

Financial Sense® Newshour is a free financial/market broadcast hosted by money manager Jim Puplava on the week's market action, interviews with financial experts, and Jim's personal perspective on the markets/economy.