Thinking exponentially (E1513)
In this final episode of the Keiser Report from Los Angeles, Max and Stacy discuss the exponential growth in debt and dollars that preceded the pandemic sweeping through some of the world’s major economies. They discuss the oil and stock market collapses that started off the week and where this volatility might take us. In the second half, Max interviews Professor Steve Keen, author of ‘Debunking Economics’, about how the world needs to start thinking exponentially – and fast. As the novel coronavirus spreads through major economies, most are unaccustomed to thinking in exponential terms, so will be unprepared for how quickly society will be overwhelmed by economic and health disaster. The only way to stop exponential growth like this is to practice extreme social distancing, immediately.
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