Steve Keen: a modern debt jubilee is vital to keep the global economy alive
In a fascinating chat, Merryn talks to economist thinker and author Professor Steve Keen, who says we must put the financial system on "life support" with a modern debt jubilee – a one-off universal bailout of debtors rather than creditors, to deal with the massive levels of private debt that are crippling the global economy.
Hear more from Steve at https://patreon.com/profstevekeen
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Key takeaways from the 2025 German election results
Friedrich Merz heralds a new era for Germany, after the German elections revealed a majority of young voters are leaning towards the far-right
By Emily Hohler Published
-
UK smaller companies labelled the “most unloved stocks in the world” – should you invest?
UK small caps could offer enticing opportunities for contrarian investors looking to bag a valuation discount. Should you invest?
By Katie Williams Published
-
Trapped in a time of zombie government
It’s not just companies that are eking out an existence, says Max King. The state is in the twilight zone too.
By Max King Published
-
America is in deep denial over debt
The downgrade in America’s credit rating was much criticised by the US government, says Alex Rankine. But was it a long time coming?
By Alex Rankine Published
-
Bank of England raises interest rates to 5.25%
The Bank has hiked rates from 5% to 5.25%, marking the 14th increase in a row. We explain what it means for savers and homeowners - and whether more rate rises are on the horizon
By Ruth Emery Published
-
UK inflation remains at 8.7% ‒ what it means for your money
Inflation was unmoved at 8.7% in the 12 months to May. What does this ‘sticky’ rate of inflation mean for your money?
By John Fitzsimons Published
-
VICE bankruptcy: how did it happen?
Was the VICE bankruptcy inevitable? We look into how the once multibillion-dollar came crashing down.
By Jane Lewis Published
-
Would a food price cap actually work?
Analysis The government is discussing plans to cap the prices of essentials. But could this intervention do more harm than good?
By Nicole García Mérida Published
-
UK inflation slides to 8.7% - what does it mean for your money?
News Inflation has dropped below 10% for the first time in months, but with food prices at a 45-year high, is this good news and what does it mean for your money?
By Tom Higgins Published
-
Why the UK equity market is shrinking
Analysis The crisis has been building for 25 years, says Max King, and it will take decades to reverse the trend.
By Max King Published