ProfSteveKeen | Why the Fed Fails at Inflation @ProfSteveKeen | Uploaded August 2024 | Updated October 2024, 10 hours ago.
"The tools that the Federal Reserve are using are fundamentally directed at reducing inflation—wage inflation, not markups. They don't really understand it because they've never read Kaleski. They're neoclassical economists. They think ... Milton Friedman is right, and fortunately, Milton Friedman was wrong."
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Who is Dr. Steve Keen?
Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields."
"The tools that the Federal Reserve are using are fundamentally directed at reducing inflation—wage inflation, not markups. They don't really understand it because they've never read Kaleski. They're neoclassical economists. They think ... Milton Friedman is right, and fortunately, Milton Friedman was wrong."
---
Join ~10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at new.stevekeenfree.com
Are you an engineer, finance, or IT professional?
If you are, the 7-Week Rebel Economist Challenge is for you. If you qualify, I will work closely with you every week to install 50+ years of real economics into you, in only 7 weeks. Working closely with the 5 best applicants this week.
Apply here: apply.stevekeenfree.com
--
Who is Dr. Steve Keen?
Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields."
