"Anything we can do, we can afford." John Maynard Keynes If only more people could understand how the 'private investors' have blood-drained, dispirited and paralysed the West.

Steve Keen. No such thing as fractional reserve. Banks dont lend reserves. QE doesn't increase lending youtu.be/XAoaTg0l7K8?si… via YouTube "blast from the past" interview with Max Keiser and Stacy Herbert 🇸🇻🚀

In this open-format livestream, Dr. Steve Keen answers your questions in real time, offering fresh insight into the global economy, financial instability, debt dynamics, ecological economics, MMT, and beyond. youtube.com/live/fbg7Bh_tO… via YouTube

This is the truth.

The issue with Grok 4 AI is not that it's smart, but that it's stupid in ways we can't understand.

Elon Musk and Donald J. Trump are in a "huge war" over the economy, but what if they're both completely wrong? I break down why the conventional wisdom on government debt is flawed and what's really happening in our financial system. See the full breakdown in the comments

"The idea that you can control a system by controlling its parts is a myth." -Donella Meadows

"The farmer and manufacturer can no more live without profit than the labourer without wages." -David Ricardo

If your model isn't path dependent, it isn't a system dynamics model—it's just algebra. All stocks accumulate past flows. That means history always matters. Two systems with the same rules but different pasts will evolve differently.

"Economics is extremely useful as a form of employment for economists." -John Kenneth Galbraith

Ain't that the truth. Even some living ones, TBH...

"Mental models are deeply held beliefs that limit our ability to see new ways of thinking." -John Sterman

Funny that the same month in which we saw the "surprise" budget surplus is also the month we see inflation pick back up. Nearly $7T printed since inflation peaked in 22 and its when we finally run a surplus for a month that inflation starts to rise again. The point isn't that

"The free market’s effects are far from arbitrary. Every time you spend three dollars on tomatoes, you are ultimately “voting” for some of the nation’s scarce farmland to be reserved for tomato production." -Bob Murphy

"Well, first we solve the population, food price and inflation problems by eating libertarians." -Steve Hall

"Land is the source or matter from which all wealth is drawn, man's labor provides the form for its production, and wealth in itself is nothing but food, conveniences, and the pleasure of life." -Richard Cantillon

"The difficulty lies not so much in developing new ideas as in escaping from old ones." -John Maynard Keynes

Twitter economists yearn for Douglas & Relearning Economics videos. Where are they