What role do new mortgages play in the housing market according to the discussion?
Steve Keen Says U.S. Heading for 2020 Recession
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The transcript discusses economic inequality, the impact of financial engineering, and the 2007 crisis. It highlights the role of the Federal Reserve, the debt bubble, and the housing market in economic downturns. The conversation also covers current economic outlooks, potential recessions, and the influence of populism in politics. Solutions for reducing private debt and improving worker wages are proposed.
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What is the proposed solution to reduce economic inequality mentioned in the text?
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How does the text suggest that wage growth can be achieved in the current economic climate?
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