Dr Steve Keen is one of only 13 economists world-wide who predicted the GFC in advance. And not just on a guess or a hunch … only these 13 advanced reasons why they believed that a GFC was coming.
Indeed, in May 2010 Dr Keen was the winner of the Revere Award – voted by his peers – for being the international economist who first and most cogently forewarned of the coming GFC
Here’s Dr Keen explaining how our “safe as houses” banks have lent irresponsibly. Even moreso than American banks.
Listen and learn, from a rare expert who is still in touch with the real world, and therefore does know more than just useless intellectual “theories”: