Steve Keen has warned about the crises of 2007 and has been explaining how the current monetary system frequently leads to financial and monetary crises. Learn how fragile the current economic situation is in this video and on the website: [ Ссылка ]
Speech: "Credit creation, asset prices and banking crises: What’s the link?" at the Conference "The Future of Money - 10 Years after Lehman and Nakamoto" by Prof. Dr. Steve Keen.
Steve Keen is a professor and Head of the School of Economics, History and Politics at Kingston University in London. Until 2013, he was professor of Economics at the University of Western Sydney. Keen studies the effect of debt-deflation based on Minskys financial instability hypotheses and Irving Fishers debt deflation theory and uses a mathematical program to model the problems of excess money creation by commercial banks. He warned of a crisis from 2005 on. Keen got a lot of media attention due to a debate with Paul Krugman about money creation and the role of commercial banks which led to the Forbes-article: Nobody Understands Debt - Including Paul Krugman
The conference was jointly organized by the German NGO Monetative e.V. and the Frankfurt School Blockchain Center. It was supported by the International Movement for Monetary Reform
Monetative e.V.:
Monetative is a not-for-profit NGO. It was founded in 2012 as a think tank and campaigning organization. It has more than 160 members, many of whom work or carry out research in the field of monetary systems. The aim of Monetative is to inform society, academics and politicians how the current money system works and why the power of commercial banks to create money systematically produces financial crises. As an alternative money system, Monetative campaigns for a „Vollgeld“- or „Sovereign Money“-System.
[ Ссылка ] | Berlin, Germany
Frankfurt School Blockchin Center
The Frankfurt School Blockchain Center is a think tank and research center which investigates the implications of blockchain technology for companies and their business models. Apart from the development of prototypes, it serves as a platform for managers, startups and technology and industry experts to share knowledge and best practices. The Blockchain Center also provides new research impulses and develops training for students and executives. It focuses on banking, mobility, “Industry 4.0” and the energy sector.
[ Ссылка ] | Frankfurt, Germany
International Movement for Monetary Reform (IMMR)
The IMMR is an international coalition of nonprofit organisations from across the world, campaigning for a monetary system that serves society. We maintain a very clear and specific aim, namely to change the way money is created and allocated, but we are not dogmatic about the way our proposal is implemented as the details will vary from country to country. To serve this goal, the IMMR supports and connects various national member organisations to share ideas, discuss research and exchange best practices.
Read more: [ Ссылка ]
