Steve Keen on Max Keiser Report

Another good Keiser report. Steve Keen talks about the money creation process in the second half, and how the assumption of 99.9% of neoclassical economics that savings and debt cancel each other out in an economy is completely misguided as it is ignorant of the fact that nearly all new money is created as debt by private banks in modern economies.

Interview with Steve Keen starts at 12:43 min: