DOGE Crippling the US Economy with Dr Steve Keen

Interview recorded - 15th of March, 2025 On this episode of the WTFinance podcast I have the pleasure of welcoming on Dr Steve Keen. Steve is a critically acclaimed economist who is looking to debunk traditional economics. During our conversation we spoke about the current state of the global economy, why economists have everything wrong, why Trump should not be cutting the deficit, what this will lead to and more. I hope you enjoy! 0:00 - Introduction 1:19 - Overview of global economy 3:24 - Why is cutting the deficit wrong? 6:26 - Government spending sustainable? 20:19 - UK poor example 21:01 - Best deficit? 23:46 - Interest rates not an issue 30:31- Financialisation 39:46 - One message to takeaway from our conversation? Steve Keen is an Australian economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific, and empirically unsupported. Keen was formerly an associate professor of economics at University of Western Sydney. In 2014, he became a professor and Head of the School of Economics, History and Politics at Kingston University in London. He has since taken retirement and is crowd source funded to undertake independent research as well as being a Distinguished Research Fellow at the Institute for Strategy Resilience & Security, University College London. Steve Keen - YouTube -  @ProfSteveKeen   Substack - https://profstevekeen.substack.com/ Website - https://www.stevekeenfree.com/free-book7 X - https://x.com/ProfSteveKeen WTFinance - Instagram - https://www.instagram.com/wtfinancee/ Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4 Twitter - https://twitter.com/AnthonyFatseas