63. The Crisis Ten Years On (Preview)
It’s 10 years since the start of the global financial crisis, when the UK saw a run on the Northern Rock Building Society. A year letter the contagion spread, with banks falling like flies on both sides of the Atlantic. So what went wrong and are we repeating the mistakes. Phil Dobbie talks to Professor Steve Keen, one of a handful of people who predicted the crisis the first-time round. In this podcast he suggests that, this time, we might not see banks collapsing, but the economic impact will be just as spectacular.
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