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5 contributions to Rebel Economist (Free)
FREE DOWNLOADS: $100 'Rebel Economist' 3-Book Bundle
👉 Tap this post to get started. // Hey guys, it's Jordan - Dr. Steve Keen's business partner since 2022, going on year 4 now. Whew. I've mainly been helping Steve manage his paid Challenge group and have accidentally neglected this Free Group. I'll take full responsibility for that. Let me make up for my mistakes now. For some reason the free book bundle was linking somewhere else, when it should've just shown the download files. As promised, below are the 3 books that were promised - usually $104.97 USD, but 100% FREE for you guys here. Below are the details copied from Steve's email: 1. Funny Money ($34.99) – A humorous, visual reality check on the world of money (made with talented cartoonist, Miguel Guerra). 2. New Economics Sampler ($34.99) – Groundbreaking realities that demolish outdated assumptions. 3. Macroeconomics for Engineers ($34.99) – The newest one. Often referred as the "Elon Is Wrong" Amazon category-bestseller. A deep dive into market dynamics from an engineer’s perspective. Thank you for your patience & trusting Steve in fighting the mainstream delusions today. I really hope you enjoy these books as much as everyone else has. P.S. I'm curious, which book are you going to read first?My fav is the cartoons from Funny Money but others really love the Elon one
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FREE DOWNLOADS: $100 'Rebel Economist' 3-Book Bundle
0 likes • Oct 6
@Aske Bisgaard Vammen I may be missing the point entirely, but I assume that an exporter, imports parts and ingredients for a cost A, assembles them using domestic labor, parts and machinery for a cost B, exports the finished product after incurring other costs C. Finally he or she gets paid D, and makes a profit = D-C-B-A. D is money coming into the country and adding to the money supply, whereas A is money leaving the country, and reducing the money supply. The difference D-A is the balance of trade. Other examples are a (Chinese) mining company who digs up minerals at a cost C, has no need for imports, but sells the minerals abroad for D, and the balance D-C is positive for the mining company. A retailer imports goods (from China) for a certain cost and sells them domestically. In which case the balance is negative. So trade adds to the money supply whenever total receipts from exports are greater than the total cost of imports... Obviously these are very simple schemes, ignoring exchange rates, the balance with different countries etc etc... but at least this is what I have understood until now...
Rebuilding early education in economics - Regenerative Economics
I’m grateful to @Andy Lippok for his mention of Jennifer Engelman’s project, called Regenerative Economics, aimed at reforming the secondary-school teaching of economics. https//www.regenerativeeconomics.earth/home On 26Sept26 I attended a workshop in this project and this Post describes my reactions. I’m also grateful to Richard O’Rourke for alerting me to a previous initiative of this kind, organised in the US from 1992 by Jay Forrester - the MIT Professor who pioneered the computer-modelling of complex-system dynamics. This initiative was a limited success - working well with teachers who had the appropriate skills but failing to be adopted throughout the US teaching community as a whole. Two key documents about Forrester’s initiative are his initial description - ‘System Dynamics and Learner-Centered-Learning in Kindergarten through 12th Grade Education’ https://ocw.mit.edu/courses/15-988-system-dynamics-self-study-fall-1998-spring-1999/4b944c9130cf9cceae0520907bbd4731_learning.pdf and a critical review of the initiative’s impact 15 years later - ‘The future of system dynamics and learner-centered learning in K-12 education' https://proceedings.systemdynamics.org/2002/proceed/papers/Stuntz1.pdf Englemann’s new initiative seems to have the same overall aims but by wholly different means. She proposes almost no attention to mathematics and modelling, at this stage. Instead, she highlights all the factors that orthodox economics wilfully omits yet are clearly part of an economy. She mentions Kate Raworth’s ‘doughnout’ diagram as a good illustration of such factors. I get the sense that the word ‘regenerative’ in the initiative’s title encompasses several meanings of ‘generating afresh’ - the regenerating of thought, as public understanding; the regenerating of rules and procedures in the economy; the regenerating of money’s mechanisms and the regeneration of the breadth and depth of political possibility. Her summary of principles is an attached screengrab.
 Rebuilding early education in economics - Regenerative Economics
0 likes • Sep 28
Very interesting. Thanks Alwyn
The retreat from resilience
The ideas of neoliberalism have dominated politics and the economy for about 50 years, leading most visibly to immense wealth for some of us and less wealth for most of us. However, I think history will name another and far longer-term effect as the most consequential - a retreat from the resilience that diversity supplies. I’m thinking of declining diversity in many senses - through monoculture in agriculture, through fossil fuels in energy sources, through ‘just-in-time’ manufacturing and through what I’ll call ‘mono-structural design’ in both the sourcing and supply of electricity and water. Neoliberalism with its forebears, without clear acknowledgement or debate, has increasingly put all of society’s metaphorical eggs in one basket. The downsides of reduced or missing resilience are obvious in a article about the flow of the Danube. See https://www.theguardian.com/news/ng-interactive/2026/aug/16/danube-drought-destroyed-crops-rock-of-starvation-climate-crisis. We’re leaving an era where money was what mattered - being valuable and relatively scarce - and where food, fuel and drink were taken for granted - being abundant and relatively cheap. In the coming era, it’s already clear that things will work the other way around.
1 like • Aug 17
The EC has been trying to encourage 'resilience' in its programs. But I see little real progress. The idea is too abstract for most. I have recently started to do an exercise with some people in local gov in Europe, with a focus on preparedness for extreme heat. But I fear it will be another case of limited budgets, too many 'urgent' things to deal with and resilience just another item on a very long wish list...
0 likes • Aug 17
The Danube has been doing this for years now. It has had a devastating effect on logistics as ships have been obliged to reduce their loads to pass the shallows. A few years ago France too had to shut down its nuclear reactors for want of water to for cooling, causing brownouts and restricting use of electricity for air conditioning. In Italy the Po valley has almost dried up... its water table is now suffering from seawater encroachment. There is money for war but not to manage existential threats like these.
Building a bypass - pre-university economics
Steve has made it clear that, in economics, most universities are barriers rather than bridges to knowledge. ‘Regenerating Economics’ is a counter-initiative mentioned by a Scottish Skool member (sadly, I’ve lost their name - would they please identify below) I plan to visit to this group, to explore their awareness of Steve’s work, Ravel and Skool. See - https://www.regenerativeeconomics.earth/home It aims to rebuild education about economics from scratch, at secondary-school level. It’s currently a small group but they seem to have extensive experience of that level of education. It’s ambitious, multi-national and very much a work-in-progress - much of its Website is under construction. It’s building an online textbook, with comprehensive scope going way beyond the market / selfish individual / energy-blind approach of the mainstream, towards a complex systems-dynamics energy and resource based outlook. For flavour, here’s a selection of headings from its Introduction : What is the economy? Ecology and the economy Society and the economy Doughnut economics Households, markets, the commons and the state Biomimicry for economic design Circular economies Distributive economies Caring economies Later sections go into detail about: Households Markets Commons The State Money and finance Global exchanges There’s a great overview video at https://www.youtube.com/watch?v=zCA9zJFMJTM
1 like • Jul 22
I agree that people should be taught from a young age about these things, but we should not forget people in government and political life. Alternative parties in particular seem to struggle to define an agenda or an election platform. Your courses could help plug that gap.
0 likes • Jul 23
@Alwyn Lewis Thanks ... I see they have done their homework. Good that they go from that to real action
New video is up!
State governments bank at private banks. When they overspend, they borrow, and that debt compounds just like household debt. Federal governments bank at the central bank. When they spend more than they tax, they create fiat money that flows into the economy. Completely different mechanics. So why is California trying to fix a federal funding cut with a state tax? 🫤 Steve breaks this down in his latest video using Ravel©, showing what actually happens when you increase federal transfers instead. Spoiler: the state deficit vanishes and federal debt does NOT explode 🔥 He also walks through why the workers' share of GDP dropped from 64% to 58% in barely a decade, and what the monetary system has to do with it. Check it out here : https://www.youtube.com/watch?v=Ufn_Z2RqI_c&views
0 likes • Jul 22
I am interested in knowing more about how money creation is articulated between the federal and state govt structures. Am I right in understanding that fiat money can only be created at federal level, and that the state level government/reserve banks are not allowed to do that (or they would go to jail for forgery). I am trying to compare the US and EU where for most EU member states (but not all) the ECB has the monopoly on money creation and the national central banks are not allowed to create money by fiat.
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@patrick-crehan-1516
Management consultant interested in transformation as opposed to change, scaling what works, new models for the economy, development and finance.

Active 5h ago
Joined Apr 16, 2025
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