"Hitler became popular with Germans not just because of racism, but because he turned around unbelievable levels of unemployment to pretty much full employment."
Join economist Steve Keen as he explores the complex economic factors that contributed to Hitler's rise to power. In this eye-opening discussion, Keen challenges the conventional wisdom surrounding hyperinflation and the Weimar Republic, revealing how deflation and high unemployment played a critical role in shaping Germany's political landscape. Discover the innovative monetary policies implemented in the Austrian town of Wörgl during the Great Depression and how they sparked economic revival, only to be shut down by central banks. This conversation will leave you questioning the narratives we've been taught about economics and history.
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Who is Dr. Steve Keen?
Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields.