**SPEAKER_1** (0:00)
Hey, I just Venmo'd you for rent.
**SPEAKER_2** (0:02)
Nice, now I can instantly spend it whether I'm checking out online with Venmo or using the Venmo debit card.
**SPEAKER_1** (0:07)
Say more.
**SPEAKER_2** (0:09)
More exactly, because the more you do with Venmo, the more you get, like earning up to 5% cash back with Venmostash on a bundle of brands.
**Steve Keen** (0:16)
So, order more pizza.
**SPEAKER_2** (0:18)
The math demands it.
**SPEAKER_1** (0:19)
Get the Venmo debit card.
**SPEAKER_2** (0:21)
Venmostash bundle terms and exclusions apply. See terms at venmo.me slash stash terms. Venmo checkout not available at all merchants. Venmo MasterCard is issued by the Bancorp Bank NA.
**Patrick Bet-David** (0:30)
It's tough when we get older to talk about the mistakes we made earlier. What advice would you give to young men? Like, you know, being where you are right now and, you know, you've seen a lot, you've been all over the world, you've had some ideas, maybe some of them became right, maybe some of them you got wrong.
What feedback would you give to young men? Young men are very confused today. What advice would you give to young 16, 17, 18-year-old men?
**Steve Keen** (0:52)
Well, given the fact that I expect climate change to cause the social system to collapse, I'd say learn how to hunt, I hate to say.
**Patrick Bet-David** (1:01)
All of a sudden became an optimist. That was a...
So we went back to the pessimists you think. So you don't think the future looks bright?
**Steve Keen** (1:08)
No, I don't think it looks bright.
**Patrick Bet-David** (1:08)
Oh my God, that's scary. So you think it looks catastrophic? Yes. By the way, did you ever end up having kids or no?
**Steve Keen** (1:15)
No, my first wife had a disease called endometriosis. She was infertile. My second wife was far too old. My third wife, Audrey, has three kids.
**Patrick Bet-David** (1:24)
Yeah, and if you were 25 today, would you have kids today?
**Steve Keen** (1:28)
No. Wow.
**Patrick Bet-David** (1:31)
Man, they really got a hold of you.
**Steve Keen** (1:34)
No, reality got a hold of me. Come on.
**Patrick Bet-David** (1:37)
I can see inside of you, there's the sense of humor, lighthearted, fun, positive side, but they got a hold of you.
**Steve Keen** (1:46)
No, what's got me a hold of me is facts, okay?
I've read massively in the climate change literature as well, and work with climate scientists, and I can see what they're seeing coming, and I'm fucking terrified. And the last thing I want to do is have a child to lug through what I think is going to come my way in the next decade.
**Patrick Bet-David** (2:04)
Did you see the recent report that came out? I don't know if you saw this recent. I'll show it to you. Please, I don't want you to lose your shit and get upset at me. This is a report that came out. I'm just going to read it to you, and I want you to react to it any way you want and tear it apart if you want to. But this is from Department of Energy that just came out. And it says, this is from the website, energy.gov, guys. I just texted you the link. If you want to go to it, you have it. I just literally texted it to you. Department of Energy Issues Report, Evaluating Impact of Greenhouse Gases on US. Climate, and invites public comment. And one of the things they said here is the severe concern that they had. If you read this entire report, I'm not going to read the entire report to you.
It was overly exaggerated on how bad climate change is going to be for the last few decades. When this is coming from the state, do you agree with this report? And have you had a chance to look at the report?
**Steve Keen** (3:03)
No, total bullshit. Total bullshit. And I can tell you why.
**Patrick Bet-David** (3:06)
Tell me.
**Steve Keen** (3:06)
Okay. This is what economists have said. This is William Nordhaus. And if I had to have anybody blame the state of the, what I expect to be the state of the planet in the next 10 years is William Nordhaus.
His work on climate change is why we've done so little about climate change, and trivialized the dangers. Now, to give you one example of why he said climate change wasn't dangerous. When he first tried to quantify the impact of climate change on the economy, this is back in 1991 He said that his prediction was that three degrees of warming by 2100 would reduce GDP in 2100, by one-quarter of one percent, compared to what it would have been if there's absolute global warming at all.
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