Professor Steve Keen: This Is How The Government Prints Money

On today's edition of "Boiler Room," Alfonso Peccatiello is joined by Steve Keen Professor of economics and creator of the Minsky software. Professor Keen joins the show to debunk the myth of government deficits by walking through the biggest misconceptions in the mechanics of money, government spending and private vs public sector deficits. To hear all this and more, you'll have to tune in! -- Follow Professor Steve Keen: https://twitter.com/ProfSteveKeen Follow Alfonso: https://twitter.com/MacroAlf  Follow Blockworks: https://twitter.com/Blockworks_  Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ Subscribe To The Macro Compass: https://themacrocompass.substack.com/ -- Referenced In The Show:  Building a New Economics: https://profstevekeen.substack.com/ Patreon: https://www.patreon.com/ProfSteveKeen -- Timestamps: (00:00) Introduction (01:03) The Process of Money Creation (06:52) The Fiscal Spending of 2020 (12:02) The Mechanics of Bond Issuance (15:47) How Government Spending Actually Works (28:07) Final Thoughts -- Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.