The U.S. can't sell its debt anymore: Top Economist Explains (ProfSteveKeen)

Why are millions of Americans being forced to work past 65 and why is the U.S. struggling to sell its debt in 2026? According to renowned economist Steve Keen, this isn’t a personal finance failure or a demographic problem t’s the inevitable collapse of a neoliberal economic model built on debt, deregulation, and financial illusion.

In this video, Steve Keen breaks down how decades of runaway private debt, deficit denial, and flawed economic theory have pushed the U.S. toward a sovereign debt crisis, collapsing retirement security and exposing the limits of modern finance. Using historical data, accounting-based economics, and system-dynamics models, Keen explains how mainstream economists ignored banks, money creation, and credit cycles leading directly to disasters like the 2008 financial crash, the pension crisis, and today’s Treasury demand collapse.

Keen dismantles the myth that markets self-correct and reveals how this belief drove reckless deregulation, Wall Street dominance, failed trade policy, and unsustainable government borrowing. As global buyers pull back from U.S. debt and interest payments explode, the consequences are now hitting workers, retirees, and the real economy.



Economics lesson. The key takeaway from this clip is that Governments can create fiat money to benefit society without having to go into excessive debt.

[Posted at the SpookyWeather2 blog, January 20, 2026.]