Land rent, Economic rent, Financial regulation: Debt Saturation: Prof Steve Keen sums up the motivating factors for debt as a free hit for policymakers. He also serves up a few critiques of geonomics. All fun and games – www.earthsharing.org.au
Australian economist Professor Steve Keen (University of Western Sydney) winner of the inaugural Revere Award for Economics (2nd and 3rd place finishers Nouriel Roubini of New York University and Dean Baker of the Center for Economic and Policy Research) and judged the economist who first and most cogently warned the world of the coming Global Financial Crisis argues that we are in a period of debt deflation and unemployment induced by debt saturation – particularly in the private sector – and deleveraging.
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Professor Steve Keen's website is Steve Keen’s Debtwatch
Source: Renegade Economists
Aired: 4/21/10 12:00 AM
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