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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