Steve Keen is a great economist

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2026-04-07T21:39:26Z

Steve Keen is a great economist

Like me, he's (post-)Keynesian. I've listened to many great discussions involving him. Like the MMT folks, he understands how fiat money works, especially credit cycles and crashes. They understand economics better than many Bitcoiners

But he still hasn't learned about the difficulty adjustment

So bullish

In a much older interview, he implied that the energy needed by Bitcoin is proportional to the number of transactions

If he learned that this is false (i.e. the difficulty adjustment), we could all benefit from his intellect!

Hyperbitcoinization is going to be fascinating and dramatic, and will require people who are able to analyse the interaction between fiat and credit and Bitcoin

Steve Keen and nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a would be my dream team for that analysis

A clip I saw just today on X, which inspired me to post this:

https://video.nostr.build/92d2cd5e0c08b7dcf322351d63d719c47175fb5c2508714478a71f2f05cb94db.mp4

(this old interview is where, I think, he first discussed bitcoin: https://youtube.com/watch?v=b0VtAuD0Dvs

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