Steve Keen: How He Saw "It" Coming 2/7

The transcript discusses the speaker's journey from a classical economics believer to a critic, influenced by Minsky's work. The speaker developed a mathematical model to represent Minsky's ideas, focusing on the role of private debt in economic cycles. The model predicts potential economic breakdowns due to excessive debt. In 2005, the speaker identified exponential debt growth in Australia and the US, raising alarms about a possible global economic collapse.

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