Here are the highlights of the video:
- Neoclassical Economics
- Theory of the second-best
- Echo Chambers
- What is money creation?
- Result of Quantitative Easing (QE)?
- Deficit Spending
- Pros and Cons of Bitcoin
- Private Sector Debt Jubilee
“My hassle for Bitcoin is that it’s not money and money is used for transactions and in Bitcoins one of its many what I see as design flaws are that it takes about 10 minutes to do the nonce calculation and the number of transactions is about less than 10 per second globally I think that they’re down at about the three-level right now and because it's appreciating you’d be a fool to use it to go shopping. So consequently it’s being used as a mean a store of value no doubt, no argument, there a very volatile one but It’s not being used as a transaction so until it’s used for transactions and on a monumental scale as well it’s not money.” Steve Keen, a Rebel Economist. To learn more about his opinion and views on the topics listed below click this link to watch the full video.